Director, Financial Planning & Analysis

Directors of financial planning and analysis serve an oversight role in most corporations, supervising the development, implementation, and subsequent ongoing maintenance of financial data reporting to ensure the overall accuracy of the data. In addition to ongoing financial data, these directors are also frequently involved in the analysis of operational data, general statistical reports of corporate performance, and developing reports that recommend courses of action based on the spectrum of data analysis.

These broad responsibilities correspond with a number of more specific duties. For example, these directors lead staff in the creation of the ad hoc reports and analyses, as well as the distribution of these reports to management. Directors interface with general group managers to find performance initiatives and corresponding measurable indicators for use in tracking corporate performance. They also supervise the corporate budgeting process and related financial models. Directors also use financial data to help guide business initiatives by reviewing historical trends and forecasting future trends, then sharing the data with managers and executives. They serve a leadership role in the process of developing Web applications to share financial data with appropriate employees and departments.

Most companies require their directors of financial planning and analysis to hold at least a bachelor’s degree in finance, accounting, or a related field, in addition to a decade or more of experience in the field. Large corporations often require that the directors are certified public accountants (CPAs). Management experience is also an important component of the directors’ work history. Necessary skills include financial analysis, computer competence, excellent written and verbal communication skills, and aptitude with organization and multitasking. Most directors work full time in an office environment.

As a Director of Financial Planning & Analysis in Singapore with 6-9 years of experience, the main responsibilities are:

• Oversee the annual budgeting process and manage the forecasting process for the organization. Manage the annual budget process and handle the forecasting for the company.
• Analyse the financial performance of the company and provide accurate financial reports. Evaluate the financial performance and provide accurate financial reports.
• Collaborate with cross-functional teams to develop business strategies to improve financial performance. Work with teams from different departments to create business strategies that can improve the organization's financial performance.
• Develop and maintain financial models and analyze data to identify trends and recommend necessary actions.

For a Director, Financial Planning & Analysis job role, the following qualifications are required:

• Advanced knowledge of financial analysis and forecasting techniques to provide strategic insights and recommendations to senior management.
• Strong expertise in financial modeling, budgeting, and variance analysis, with the ability to analyze complex financial data and present findings in a clear and concise manner.
• Extensive experience in developing and managing financial planning processes, including annual budgets, monthly forecasts, and long-term financial plans.
• Excellent leadership and interpersonal skills to collaborate with cross-functional teams and influence decision-making processes, driving alignment between finance and business objectives.

The role of Director, Financial Planning & Analysis is crucial in driving financial strategies and performance. With 6-9 years of experience in Singapore's finance industry, professionals can explore alternative roles that offer diverse opportunities. Here are following options to consider:

• Senior Finance Manager: Take on a broader leadership role, overseeing financial operations and providing guidance on strategic decision-making.
• Business Development Manager: Utilize financial expertise to identify and evaluate growth opportunities, create financial models, and develop business strategies.
• Risk Manager: Focus on managing financial risks for the organization, including developing risk management frameworks, implementing controls, and ensuring compliance with regulations.
• Investment Manager: Lead investment initiatives, conduct financial analysis, and make investment recommendations to maximize returns and optimize capital allocation.

The Director, Financial Planning & Analysis role in Singapore is expected to witness steady growth in the market. Over the past 10 years, this job role has been in high demand due to the increasing need for financial analysis and planning expertise. Employment opportunities are also likely to increase as organizations focus on strategic financial decision-making. As per Google data, the projected growth for this position in the Singapore market remains positive, highlighting a promising future for professionals seeking a career in financial planning and analysis.