Description

A Manager, Financial Planning & Analysis plays a crucial role in an organization by overseeing the financial planning and analysis activities to ensure effective decision-making and strategic planning. They are responsible for developing and maintaining financial models, conducting in-depth analysis of financial data, and providing accurate and timely reports to the senior management team. This role requires strong analytical skills, excellent attention to detail, and the ability to translate complex financial information into meaningful insights. The Manager, Financial Planning & Analysis collaborates with various departments to gather financial data, identify trends, and provide recommendations to improve financial performance. They also work closely with the finance team to manage the budgeting and forecasting processes, ensuring accurate and realistic financial projections. Additionally, this role involves evaluating investment opportunities, conducting cost-benefit analysis, and providing strategic insights to support business decision-making. The Manager, Financial Planning & Analysis may also be responsible for monitoring key performance indicators, identifying areas of concern, and proposing solutions to drive operational efficiency. To excel in this role, strong communication and presentation skills are essential to effectively communicate financial information to non-financial stakeholders. A successful Manager, Financial Planning & Analysis possesses a deep understanding of financial principles and concepts, and they leverage this knowledge to support the organization's overall financial objectives and drive growth.

Roles & Responsibilities

As a Manager, Financial Planning & Analysis with 3-6 years of experience in the AE, your main responsibilities include:

  • Oversee budgeting and forecasting processes, ensuring accuracy and timeliness.Manage budgeting and forecasting activities, ensuring precision and meeting deadlines.
  • Conduct financial analysis and provide insights to support strategic decision-making.Perform financial analysis and offer valuable insights for informed strategic decisions.
  • Develop and maintain financial models to evaluate business performance and identify opportunities for improvement.Create and maintain financial models to assess business performance and uncover areas for enhancement.
  • Collaborate with cross-functional teams to optimize financial performance and drive operational efficiency.

Qualifications & Work Experience

The Manager of Financial Planning & Analysis is accountable for overseeing the analysis and planning of the financials of an company. They manage a team of experts in creating annual financial statements, budgets, and forecasts, as well as providing an insightful analysis to aid in strategic decisions. They work with different departments to collect financial information to analyze trends and find opportunities to cut costs and growth in revenue. The manager of Financial Planning & Analysis also examines the financial performance of the company evaluates risk and suggests strategies to increase the efficiency of financial operations and increase profitability. Communication and analytical skills are required for this job.

Essential Skills For Manager, Financial Planning & Analysis

1

Budgeting

2

Financial Planning

3

Financial Analysis

Career Prospects

The role of a Manager, Financial Planning & Analysis is crucial in ensuring effective financial management. With 3-6 years of experience in the field, professionals have several alternative roles to consider. Here are four options:

  • Senior Financial Analyst: This role involves in-depth financial analysis, forecasting, and providing strategic recommendations.
  • Business Development Manager: A position focused on identifying new business opportunities, conducting market research, and developing growth strategies.
  • Investment Analyst: A role that involves analyzing investment opportunities, conducting due diligence, and managing investment portfolios.
  • Risk Manager: This position focuses on identifying and mitigating financial risks, developing risk management strategies, and ensuring compliance with regulations.

How to Learn

According to the latest data from Google, the projected growth of the Manager, Financial Planning & Analysis role in the United Arab Emirates market is expected to be strong in the coming years. Over the past 10 years, there has been a steady increase in demand for professionals in this field, indicating a positive trend. This growth is likely to continue as companies realize the importance of effective financial planning and analysis. The job role is anticipated to offer numerous employment opportunities in the future, demonstrating the potential for career progression and job security in this field.