Am I doing FP&A or glorified accounting?
what i do on a fairly regular basis on a high level is manage budget and spend
some specifics:
approving purchase requisitions and tracking purchase orders
monthly accruals and reconciliation against actuals in our accounting files
re-forecasting
budgeting for the upcoming year
monthly reporting (open PO's, FTE's, etc.)
some basic, ad-hoc stuff as it comes up
does this sound about right? a lot of the job is extremely manual. inputting accruals and tracking the budget fully in an Excel spreadsheet.
there isn't much "interesting" analysis as far as what types of initiatives would benefit the company. it's more of a reporting and tracking role.
i like the job, but i can envision this getting tedious after too long.
thoughts?
I've worked in a similar role and yes, that sounds about right. It is glorified accounting and ad-hoc work. However, FP&A is pretty broad and you can leverage that experience to get a more interesting role that involves making decisions for the company. Don't worry about it. Just perform well and network internally.
It's both.
Mostly accounting.
This sounds like project or department finance to me. Do you do anything corp wide or at a lower level?
They call it Commercial Finance.
any other thoughts?
Probably a little bit of both
It does sound like you're in the weeds a lot though. Would probably help to have a junior analyst to help with those more manual tasks.
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