What does a manager finance planning and analysis do?
A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly. They also perform research and assessments, gather and analyze financial data from different departments, coordinate staff, and solve issues and concerns when any arise. Additionally, as a manager, they must lead and empower staff to reach goals while implementing company policies and regulations.
Manager finance planning and analysis responsibilities
Here are examples of responsibilities from real manager finance planning and analysis resumes:
- Manage staff analysis and reporting on GAAP operating results and statutory consolidation.
- Evaluate and screen capital projects and business expansion initiatives achieving expect ROI and organizational success.
- Manage capital projects, coordinate profit planning and annual business meetings, and co-manage SOX compliance implementation.
- Manage payroll and control human resource expense budgets by identifying variance between budget and results and continuously improving working efficiency.
- Prepare payroll and manage all human resource functions including recruitment, training and performance reviews for all administrative and financial personnel.
- Implement 1st systematic forecast for balance sheet and cash flow in Hyperion planning providing senior management timely analysis for decision making.
- Prepare Hyperion ESSBASE reports for assessing overall profitability and revenue recognition that result in better revenue generation and subscriber trend analysis.
- Advocate for and oversee the selection and implementation of a new ERP reporting system.
- Meet with CPA as needed to go over financial situation including sales projections, AP, AR.
- Key team member for the ongoing design and user requirements for the implementation of JD Edwards ERP system.
- Develop Essbase excel financial modeling for internal reporting utilizing VBA detailing profitability by location.
- Develop business cases to analyze profitability and ROI on various investments and software product initiatives.
- Consult with company CPA regarding IRS regulations, revenue/tax reporting and participate in corporate audit/s.
- Develop and implement model integrating Excel/Access that reconcile monthly adjustments from internal reporting to GAAP reporting.
- Identify opportunities to improve operating efficiency by analyzing business trends and comparing KPIs across the distribution network.
Manager finance planning and analysis skills and personality traits
We calculated that 8% of Managers Finance Planning And Analysis are proficient in Financial Performance, Financial Planning Analysis, and Financial Analysis. They’re also known for soft skills such as Organizational skills, Analytical skills, and Communication skills.
We break down the percentage of Managers Finance Planning And Analysis that have these skills listed on their resume here:
- Financial Performance, 8%
Managed financial planning, analysis, budgeting, and forecasting while providing financial oversight and driving financial performance across the enterprise.
- Financial Planning Analysis, 7%
Provide leadership to the Financial Planning Analysis/Management Reporting department for business activities.
- Financial Analysis, 6%
Managed financial analysis and planning functions, location level through consolidated corporate level, of this $200M chemical manufacturing organization.
- Customer Service, 6%
Act as intermediary between VP Finance and General Manager providing insight to business issues affecting customer service levels and accounting implications.
- Financial Models, 4%
Created financial models encompassing sensitivity analysis to emulate buyers' returns, various financing strategies and identifying optimal timing of dispositions.
- Hyperion, 4%
Prepared Hyperion ESSBASE reports for assessing overall profitability and revenue recognition that resulted in better revenue generation and subscriber trend analysis.
Common skills that a manager finance planning and analysis uses to do their job include "financial performance," "financial planning analysis," and "financial analysis." You can find details on the most important manager finance planning and analysis responsibilities below.
Organizational skills. One of the key soft skills for a manager finance planning and analysis to have is organizational skills. You can see how this relates to what managers finance planning and analysis do because "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." Additionally, a manager finance planning and analysis resume shows how managers finance planning and analysis use organizational skills: "administer payroll, staff benefits and organizational insurance. "
Analytical skills. Another soft skill that's essential for fulfilling manager finance planning and analysis duties is analytical skills. The role rewards competence in this skill because "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." According to a manager finance planning and analysis resume, here's how managers finance planning and analysis can utilize analytical skills in their job responsibilities: "utilized sql in oracle based erp system for data mining and enhanced efficiency of performing financial and operation analysis. "
Communication skills. This is an important skill for managers finance planning and analysis to perform their duties. For an example of how manager finance planning and analysis responsibilities depend on this skill, consider that "financial managers must be able to explain and justify complex financial transactions." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of a manager finance planning and analysis: "performed financial due diligence on numerous telecommunication business models. ".
Detail oriented. manager finance planning and analysis responsibilities often require "detail oriented." The duties that rely on this skill are shown by the fact that "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." This resume example shows what managers finance planning and analysis do with detail oriented on a typical day: "completed monthly detailed financial reports, profitability analysis, variances analysis, and narrative. "
Math skills. Another crucial skill for a manager finance planning and analysis to carry out their responsibilities is "math skills." A big part of what managers finance planning and analysis relies on this skill, since "financial managers need strong skills in certain branches of mathematics, including algebra." How this skill relates to manager finance planning and analysis duties can be seen in an example from a manager finance planning and analysis resume snippet: "directed a staff responsible for maintaining inventory records, verified salary and wage payroll, accounts payable and production data statistics. "
See the full list of manager finance planning and analysis skills
The three companies that hire the most manager finance planning and analysiss are:
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Compare different managers finance planning and analysis
Manager finance planning and analysis vs. Division controller
A division controller is typically in charge of overseeing a company division's financial activities and human resources operations. Their role is to set objectives and guidelines, perform audits and assessments, evaluate the workforce performance, handle budgets and timelines, and develop strategies to optimize processes. They must monitor the progress of activities and projects, producing regular reports and presentations to keep the executives informed. Furthermore, as a division controller, it is essential to lead staff and implement the company's policies and regulations.
While similarities exist, there are also some differences between managers finance planning and analysis and division controller. For instance, manager finance planning and analysis responsibilities require skills such as "customer service," "hyperion," "visualization," and "business development." Whereas a division controller is skilled in "cpa," "oversight," "balance sheet accounts," and "internal audit." This is part of what separates the two careers.
Division controllers tend to make the most money working in the construction industry, where they earn an average salary of $105,362. In contrast, managers finance planning and analysis make the biggest average salary, $109,735, in the manufacturing industry.On average, division controllers reach lower levels of education than managers finance planning and analysis. Division controllers are 5.7% less likely to earn a Master's Degree and 0.3% less likely to graduate with a Doctoral Degree.Manager finance planning and analysis vs. Regional controller
It is the responsibility of a regional controller to manage the financial reports and finances of the company in a specific geographic location. The regional controllers prepare and coordinate financial reports to ensure compliance with corporate policy and government regulations. They oversee the accounting activities of the corporation. It is their job to coordinate and prepare both external and internal financial statements. They also need to develop skills and knowledge in internal controls, financial management, accounting, payroll, and financial performance.
In addition to the difference in salary, there are some other key differences worth noting. For example, manager finance planning and analysis responsibilities are more likely to require skills like "customer service," "financial models," "hyperion," and "visualization." Meanwhile, a regional controller has duties that require skills in areas such as "cpa," "internal audit," "cash management," and "balance sheet reconciliations." These differences highlight just how different the day-to-day in each role looks.
Regional controllers may earn a lower salary than managers finance planning and analysis, but regional controllers earn the most pay in the manufacturing industry with an average salary of $96,404. On the other hand, managers finance planning and analysis receive higher pay in the manufacturing industry, where they earn an average salary of $109,735.Average education levels between the two professions vary. Regional controllers tend to reach lower levels of education than managers finance planning and analysis. In fact, they're 7.7% less likely to graduate with a Master's Degree and 0.3% less likely to earn a Doctoral Degree.What technology do you think will become more important and prevalent for Manager Finance Planning And Analyses in the next 3-5 years?
Brian Meehan
Assistant Professor of Economics, Campbell School of Business, Berry College
Manager finance planning and analysis vs. Director of operations and finance
A director of operations and finance is in charge of overseeing and spearheading business and financial operations, ensuring efficiency and smooth workflow. Their responsibilities revolve around performing research and analysis to identify the best practices to optimize operations, coordinating with different departments to gather data, conducting research and analysis to identify new business and investment opportunities, and monitoring the progress of various projects and programs. Furthermore, as a director, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a manager finance planning and analysis is likely to be skilled in "customer service," "visualization," "excellent interpersonal," and "kpis," while a typical director of operations and finance is skilled in "oversight," "cpa," "project management," and "business processes."
Directors of operations and finance earn the best pay in the automotive industry, where they command an average salary of $126,734. Managers finance planning and analysis earn the highest pay from the manufacturing industry, with an average salary of $109,735.directors of operations and finance typically earn similar educational levels compared to managers finance planning and analysis. Specifically, they're 1.1% less likely to graduate with a Master's Degree, and 0.2% less likely to earn a Doctoral Degree.Manager finance planning and analysis vs. Cash manager
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Types of manager finance planning and analysis
Updated January 8, 2025
