.svg "Braintrust")
You need to hire. We're here to help.
Find and hire top FP&A Managers, fast.
Get matched to 3 highly-qualified FP&A Managers in minutes.
Hire Top FP&A Managers
.png)
.png)
.png?width=106&height=26&name=Vector%20(3).png){kind=small}
How to hire top FP&A Managers at Braintrust
Post a job
Create an account and publish your job posting free of charge.
Review candidates
Manage and hire top talent instantly.
Get to work
We simplify onboarding, invoicing, compliance, and more.
How to hire Top FP&A Managers
Overview
Hiring an FP&A Manager involves several key considerations, including evaluating technical proficiency, relevant experience, problem-solving abilities, understanding of financial data analysis and forecasting, proficiency in financial modeling, experience with financial software and systems, the ability to stay updated with changes in accounting standards and regulations, and strong communication and leadership skills.
The context of your organization – whether a small business or a large corporation – could shape the hiring process and the specific traits you look for in an FP&A Manager. In a small business, the manager might need to be hands-on and involved in all aspects of financial planning and analysis, from budgeting to forecasting. They might also need to be adaptable and comfortable working in a fast-paced, dynamic environment. On the other hand, in a larger corporation, the role of an FP&A Manager might be more specialized, focusing on specific aspects of financial analysis and reporting. They would also need to navigate more complex organizational structures and work with different departments and stakeholders.
The decision between hiring a full-time FP&A Manager or outsourcing the role to a consulting firm depends on your organization's needs. A full-time FP&A Manager could provide dedicated support and expertise for your financial planning and analysis needs, and they might be more integrated into the company's decision-making processes. However, this comes with higher costs, including salary and benefits, and it might require a longer-term commitment to the role.
Conversely, outsourcing the FP&A Manager role to a consulting firm could provide more flexibility and cost-effectiveness, especially for smaller businesses or those with fluctuating financial needs. It could also bring in specialized expertise and fresh perspectives. However, relying on an external firm might result in less internal control and long-term knowledge retention.
When hiring an FP&A Manager, consider not only their technical skills and experience but also their fit with your organization's culture and values. Look for candidates who demonstrate strong analytical skills, attention to detail, and the ability to communicate complex financial information effectively. Consider their leadership abilities and how they can collaborate with other departments and senior management to drive strategic financial decisions. Finally, remember that successful financial planning and analysis require a blend of technical expertise, business acumen, and communication skills, so look for candidates who excel in all these areas.
Technical Expertise
Technical expertise is crucial when hiring an FP&A Manager. This role requires a deep understanding of financial principles, accounting standards, and financial modeling techniques. An effective FP&A Manager should possess advanced Excel skills, be proficient in financial forecasting and budgeting, and have experience with financial analysis and reporting. Knowledge of financial systems and software, such as ERP systems and financial planning software, is also essential. Additionally, strong analytical skills, attention to detail, and the ability to interpret complex financial data are critical for success in this role. A candidate with the right technical expertise will be able to provide accurate and insightful financial analysis, make informed strategic decisions, and drive business growth.
Education and Relevant Experience
When hiring an FP&A Manager, a strong educational background is essential in laying the foundation for success in this role. A degree in finance, accounting, economics, or a related field is typically required, as it provides the necessary knowledge of financial principles and practices. Advanced degrees or professional certifications, such as a CPA or CFA, can also be beneficial in demonstrating expertise in the field. In addition to education, relevant experience is crucial in evaluating a candidate's ability to excel as an FP&A Manager. Previous work in financial analysis, budgeting, forecasting, and strategic planning is highly desirable, as it shows the candidate's practical application of financial theories and concepts. Experience in using financial software and tools, such as Excel, ERP systems, and data visualization platforms, is also important in modern FP&A roles. Ultimately, a combination of education and relevant experience is key in finding a qualified FP&A Manager who can effectively drive financial performance and strategic decision-making within an organization.
Problem-Solving Skills
Problem-solving skills are crucial for a successful FP&A Manager, as they are often faced with complex financial challenges that require strategic thinking and analytical problem-solving abilities. In the world of financial planning and analysis, managers must be able to identify issues, analyze data, and develop innovative solutions to drive business growth and financial success. Whether it's developing financial models, forecasting trends, or analyzing budgets, an FP&A Manager must possess the ability to think critically, assess risks, and make informed decisions that will positively impact the company's financial health. In addition, strong problem-solving skills are essential for FP&A Managers to effectively communicate their findings and recommendations to key stakeholders and guide the organization towards achieving its financial goals. Ultimately, the ability to solve problems efficiently and effectively is a key trait that hiring managers should look for when selecting a qualified FP&A Manager for their team.
Budgeting and Forecasting Techniques
Proficiency in budgeting and forecasting techniques is crucial when hiring an FP&A Manager. These skills are essential for developing accurate financial plans and budgets, predicting future financial performance, and making informed strategic decisions. A strong understanding of data analysis, financial modeling, and forecasting methods is necessary to effectively manage financial risks, optimize financial resources, and drive business growth. Additionally, the ability to interpret and analyze financial data, identify trends and patterns, and communicate financial insights to key stakeholders is vital for success in this role. FP&A Managers should also be skilled in using financial software and tools to streamline budgeting and forecasting processes, enhance decision-making capabilities, and drive organizational performance. Overall, proficiency in budgeting and forecasting techniques is a critical competency for FP&A Managers to drive financial success and strategic value for their organizations.
Variance Analysis and Reporting
Variance analysis and reporting are crucial skills to look for when hiring an FP&A Manager. These skills are essential in evaluating the performance of the company and identifying areas where improvements can be made. An FP&A Manager must have the ability to compare actual financial results with budgeted or forecasted figures and analyze the reasons for any variances that arise. By conducting thorough variance analysis, they can provide valuable insights to senior management and help guide decision-making processes. Additionally, effective reporting is key in communicating financial information clearly and concisely to stakeholders. A skilled FP&A Manager should be able to create detailed reports that highlight key financial metrics, trends, and variances, aiding in strategic planning and decision-making. Overall, strong variance analysis and reporting skills are crucial for an FP&A Manager to help drive business success and profitability.
Long-term Financial Planning
When hiring an FP&A Manager, it is crucial to consider their ability to engage in long-term financial planning. Long-term financial planning involves analyzing the company's financial health and performance over an extended period and developing strategies to ensure sustainability and growth. An FP&A Manager with a strong background in long-term financial planning can help the organization make informed decisions, identify potential risks and opportunities, and set realistic financial goals. This individual should be able to create detailed financial forecasts, conduct scenario analysis, and provide strategic recommendations to senior leadership. By having a skilled FP&A Manager who is proficient in long-term financial planning, the company can better navigate economic uncertainties, adapt to changing market conditions, and achieve long-term financial success.
Ability to Stay Updated
The field of financial planning and analysis (FP&A) is constantly evolving, with new regulations, technologies, and best practices emerging on a regular basis. When hiring an FP&A Manager, it is crucial to find someone who has the ability to stay updated on these changes in order to effectively lead their team and make informed decisions. A good FP&A Manager should be proactive in seeking out industry news, attending workshops or conferences, and networking with other professionals in the field. By staying current on market trends, accounting standards, and financial reporting requirements, an FP&A Manager can ensure that their company is in compliance and able to adapt to changes in the business environment. Additionally, a manager who is able to stay updated can bring fresh insights and perspectives to the table, leading to more innovative and strategic financial planning for the organization.
Communication and Teamwork Skills
When hiring an FP&A Manager, it is crucial to consider not only their technical expertise but also their communication and teamwork skills. An effective FP&A Manager needs to be able to clearly communicate complex financial data and analysis to various stakeholders, including executives, investors, and team members. Strong verbal and written communication skills are essential for presenting financial insights, making recommendations, and building relationships within the organization. Additionally, teamwork skills are vital for collaborating with cross-functional teams, such as accounting, sales, and marketing, to gather data, create forecasts, and develop strategic plans. An FP&A Manager who can work well with others, share knowledge, and lead initiatives will contribute to the overall success of the finance function and company as a whole.
Expert Resources for Hiring FP&A Managers
Frequently Asked Questions
How much does it cost to hire a FP&A Manager?
The cost of hiring a FP&A Manager can vary depending on factors such as the size of the company, location, level of experience and qualifications of the candidate. On average, the annual salary for a FP&A Manager in the United States ranges from $90,000 to $150,000. Additionally, there may be additional costs associated with recruiting, onboarding and training the new hire.
Where can I hire a FP&A Manager?
One great option for hiring a FP&A Manager is through specialized platforms like Braintrust, which connects companies with talented finance professionals. Another effective approach is to attend industry events and networking opportunities where you can meet potential candidates face-to-face. Building relationships with finance professionals through industry associations, conferences, and seminars can also yield strong candidates for your FP&A Manager position. Additionally, reaching out to finance-specific recruiting agencies or posting job listings on finance-focused websites and forums can help you find the right fit for your team.
How do I recruit a FP&A Manager?
Recruiting a FP&A Manager involves several steps to ensure you find the right candidate for the role. Here are some tips to help you in the recruitment process: 1. Define the role: Start by clearly defining the responsibilities, requirements, and expectations for the FP&A Manager position. This will help you identify the skills and experience needed for the role. 2. Create a job description: Develop a comprehensive job description that outlines the key responsibilities, qualifications, and skills required for the FP&A Manager role. Be sure to include information about your company, its culture, and values to attract the right candidates. 3. Use multiple channels for job postings: Post the job opening on relevant job boards, industry-specific websites, and social media platforms to reach a wider pool of candidates. You can also use recruitment agencies or headhunters to help you find qualified candidates. 4. Screen resumes and conduct initial interviews: Review the resumes of applicants and conduct initial interviews to assess their qualifications, skills, and experience. Look for candidates with a strong background in financial planning and analysis, budgeting, forecasting, and financial modeling. 5. Conduct in-depth interviews: After screening resumes and conducting initial interviews, shortlist candidates for in-depth interviews. Ask questions that assess their technical skills, problem-solving abilities, communication skills, and fit with your company culture. 6. Check references: Contact the references provided by the candidates to verify their qualifications and experience. Ask about their performance, work ethic, and ability to work in a team environment. 7. Offer a competitive compensation package: Make sure to offer a competitive salary and benefits package to attract top talent for the FP&A Manager role. Consider factors like industry standards, location, and the candidate's level of experience. 8. Extend a job offer: Once you have identified the right candidate, extend a job offer and negotiate the terms of employment. Be transparent about the expectations, responsibilities, and opportunities for growth within the company. By following these steps, you can effectively recruit a qualified FP&A Manager who aligns with your company's goals and objectives.
How much does a FP&A Manager charge per hour?
The average hourly rate for a FP&A Manager ranges from $50 to $150 per hour, depending on their level of experience, qualifications, geographic location, and industry.
Is it hard to find good FP&A Managers?
It can be challenging to find good FP&A Managers, as they require a unique skill set that combines financial expertise with strategic thinking and leadership abilities. Additionally, the demand for talented FP&A professionals is high, making it a competitive market for employers seeking to fill these roles. However, with the right recruitment strategy and thorough screening process, businesses can identify and attract top-tier candidates for their FP&A Manager positions.
What type of work do FP&A Managers generally do?
FP&A (Financial Planning and Analysis) Managers are responsible for overseeing the financial planning and analysis functions within an organization. Their work typically involves: 1. Budgeting and forecasting: FP&A Managers collaborate with various departments to develop and manage budgets, as well as forecast future financial performance. 2. Financial analysis: They analyze financial data, track key performance indicators, and provide insights and recommendations to senior management to support strategic decision-making. 3. Financial reporting: FP&A Managers prepare and present financial reports and analysis to senior leadership, board of directors, and external stakeholders. 4. Variance analysis: They conduct variance analysis to identify discrepancies between actual results and budget/forecasted amounts, and recommend corrective actions as needed. 5. Long-term strategic planning: FP&A Managers contribute to the development of long-term strategic plans by providing financial insights and analysis. 6. Financial modeling: They develop financial models to simulate different scenarios and assess the potential impact on the organization's financial performance. 7. Ad hoc analysis: FP&A Managers may be tasked with conducting ad hoc analysis to address specific financial issues or support special projects. Overall, FP&A Managers play a critical role in helping organizations make informed financial decisions, optimize performance, and achieve their strategic objectives.
Why hire a FP&A Manager?
1. Strategic financial planning: A FP&A Manager has the expertise to analyze financial data and industry trends to develop strategic plans for the organization's financial future. This includes budgeting, forecasting, and financial modeling. 2. Performance analysis: A FP&A Manager can evaluate the financial performance of the organization and provide insights on how to improve efficiency, reduce costs, and increase profitability. 3. Decision support: The FP&A Manager can provide valuable insights and recommendations to senior management on important financial decisions, such as investment opportunities, pricing strategies, and cost management. 4. Risk management: A FP&A Manager can identify and analyze financial risks facing the organization, such as market fluctuations, regulatory changes, and economic trends, and develop strategies to mitigate these risks. 5. Stakeholder communication: The FP&A Manager can effectively communicate complex financial information to stakeholders, including executives, investors, and board members, to help them understand the organization's financial health and performance. Overall, hiring a FP&A Manager can help the organization make informed financial decisions, improve financial performance, and achieve its strategic goals.
Are FP&A Managers in high demand?
Yes, FP&A (Financial Planning and Analysis) Managers are often in high demand due to their crucial role in helping organizations forecast, analyze financial data, and make strategic decisions. As businesses strive to become more data-driven and agile, the demand for skilled FP&A Managers who can provide valuable insights and guidance continues to grow. Additionally, the complexity of financial markets and regulations means that organizations are relying more heavily on FP&A Managers to help navigate these challenges.
.webp)
.webp)
Get matched with Top FP&A Managers instantly 🥳
Hire Top FP&A Managers
