Are you considering a career in financial planning and analysis (FP&A)?
If so, then you should be aware of some of the most common FP&A designations available.
In this article, we'll discuss and provide an explanation of the main responsibilities and tasks associated with each of them.
1. FP&A Associate
The FP&A associate is responsible for supporting the financial planning and analysis team within an organization. This may include tasks such as data entry, report generation, and supporting the development of budgets and plans.
2. FP&A Analyst / FP&A Sr Analyst / FP&A Assistant Manager
The FP&A analyst is responsible for analyzing financial data and developing financial models and helping to make informed decisions. This includes forecasting future performance, identifying trends and opportunities, and supporting the development of budgets, forecasts, and management reports.
3. FP&A Manager / FP&A Senior Manager
The FP&A manager is responsible for managing a team of analysts and providing financial insights and recommendations to senior leadership.
4. FP&A Director / Vice President, FP&A
The FP&A director / VP is responsible for leading the financial planning and analysis function within an organization. This includes setting strategic direction and providing financial insights and recommendations to senior leadership.
5. FP&A Consultant
The FP&A consultant is an expert who works with a variety of clients. They analyze financial data and develop recommendations for improving business performance.
6. FP&A specialist / Subject Matter Expert (SME)
The FP&A specialist is an expert who has a deep understanding of one particular function or domain or tool, and is responsible for providing specialized support within an organization.
7. Finance Business Partner
The role of an FP&A Business Partner involves working with internal stakeholders on FP&A activities. They're specialized in one function, for example, Sales Finance Business Partner, Supply Chain Finance Business Partner, or Marketing Finance Business Partner.
In conclusion, being aware of these seven most common FP&A designations and the associated requirements can help you assess the FP&A profile better.
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