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- Tasks: Lead financial planning and analysis to align strategy with reality.
- Company: Join a dynamic firm focused on strategic growth and innovation.
- Benefits: Enjoy competitive pay, flexible working options, and professional development opportunities.
- Why this job: Be part of a team that drives impactful decisions and enhances shareholder value.
- Qualifications: Experience in finance or related fields; strong analytical skills required.
- Other info: Opportunity to work closely with senior management and influence key business strategies.
The predicted salary is between 57600 - 84000 £ per year.
- FP&A\’s primary responsibility is to connect senior management\’s long term \”strategic plan\” to reality. The strategic plan is a top-down, senior management driven document that sets high-level targets (revenue, net income, core strategic initiatives, etc.) for the firm. Within the firm this is articulated as 3 year mid-term-business-plans, dissected into annual budgets.
- FP&A partner with the business to develop the operating and financial plan required to achieve management\’s strategic plan. To keep the plans aligned to the current reality of our clients & markets we also are responsible for development of a rolling forecast, in parallel with the traditional budget
- As a key part of the forecasting process, FP&A conduct monitoring and variance analysis to show how the budget and/or rolling forecast compares against actual performance. This incorporates peer reviews, levying challenge and providing insight on opportunities to enhance shareholder returns.
- FP&A utilise financial data to advise management on decisions such as how to improve performance, minimize risk or capture new opportunities from both within the company and within the external environment. This includes analysis of historical financials, variance explanations, forecast with risks and opportunities to current plan, and Key Performance Indicators (KPIs)
- Decision support aims to provide the business and Executives with enough information to answer key questions from external stakeholders and to identify levers that can be pulled to optimize performance or meet certain goals.
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FP&A VP, Banking employer: BMO Harris Bank
Contact Detail:
BMO Harris Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FP&A VP, Banking
✨Tip Number 1
Network with professionals in the banking and finance sector. Attend industry events, webinars, or local meetups to connect with individuals who are already in FP&A roles. This can provide you with insights into the skills and experiences that are highly valued in this field.
✨Tip Number 2
Stay updated on the latest trends and developments in financial planning and analysis, especially within the banking sector. Follow relevant publications, blogs, and thought leaders on social media to understand what challenges and opportunities are currently shaping the industry.
✨Tip Number 3
Prepare to discuss your experience with financial modelling and forecasting during interviews. Be ready to share specific examples of how you've used these skills to influence decision-making or improve performance in previous roles.
✨Tip Number 4
Familiarise yourself with the key performance indicators (KPIs) relevant to the banking industry. Understanding these metrics will not only help you in interviews but also demonstrate your ability to align financial strategies with business objectives.
We think you need these skills to ace FP&A VP, Banking
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of the FP&A VP position. Familiarise yourself with financial planning, variance analysis, and strategic alignment to demonstrate your knowledge in your application.
Tailor Your CV: Highlight relevant experience in financial planning and analysis, particularly in banking or similar sectors. Use specific examples that showcase your ability to connect strategic plans to operational realities and your experience with forecasting and variance analysis.
Craft a Compelling Cover Letter: In your cover letter, explain how your skills and experiences align with the job description. Emphasise your ability to provide decision support and insights that enhance shareholder returns, as well as your understanding of KPIs and performance optimisation.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role in FP&A.
How to prepare for a job interview at BMO Harris Bank
✨Understand the Strategic Plan
Make sure you have a solid grasp of the company's strategic plan and how FP&A connects it to reality. Be prepared to discuss how you would align financial planning with long-term goals and demonstrate your understanding of high-level targets.
✨Showcase Your Analytical Skills
Highlight your experience with variance analysis and forecasting. Be ready to provide examples of how you've used financial data to advise management on performance improvements or risk minimisation in previous roles.
✨Prepare for Decision Support Scenarios
Anticipate questions about decision support and how you would provide insights to executives. Think of specific instances where your analysis led to actionable recommendations that optimised performance or met business goals.
✨Familiarise Yourself with KPIs
Know the key performance indicators relevant to the banking sector and be prepared to discuss how you would monitor and report on these metrics. This shows your ability to keep the business aligned with its financial objectives.
