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 budgetAs 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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