Was approached by a recruiter regarding a position working in the fp&a department of a re fund. The way I see this is a position that will give a holistic view of how an re organization functions at the highest level. Would this work be similar to how a portfolio manager assess investments/planning? Has anyone worked within the fp&a group, or know people that do? I'm trying to weigh the pros and cons of a role like this.. The firm is well known and solid on the West Coast (a friend out there put me in contact with the recruiter)
On the one hand it seems like an opportunity to learn the real business and strategy behind re firms' decisions because they are in direct communication with acquisitions/development, but on the other hand I think of my friends working in accounting and how they are in back office roles being bored... The position seems interesting, but I wanted to see if anyone on this forum had any insight/experience/ on what these groups do/end up/etc
I don't know, I'd be very careful if your goal really is to "learn real business and strategy."
I know someone who was in charge of what would be described as FP&A at a major hotel company, and I know someone who does FP&A at a publicly traded office REIT, and in both of those cases I would ABSOLUTELY describe them as "smart real estate guys." But if I'm not mistaken, you're describing a PE fund, so I'm HIGHLY skeptical. Most PE funds don't have an "FP&A" dept.
What do your friends think about FP&A. While I have no intention to move into that side of the business, I'm always interested in other perspectives. Are they essentially "reporting analysts? Doing the same thing on a weekly, monthly, quarterly basis?
FP&A = financial planning & analysis. Think budgets, reforecasts, data mining, & support for corporate finance / accounting / Asset Management / etc.
Could be interesting for some, however, not my cup of tea.
In a smaller shop, would it involve coordinating or working with acquisitions/development, or possibly the asset managers, to determine the right strategy behind an investment or project in order to ensure the portfolio performs well (meets debt requirements, meets return requirements, does not dilute overall returns or negatively impact other areas of portfolio)?
This is a small shop, so I'm thinking the group may be called FP&A, but its actually a hybrid of a couple functions. The main function I'm feeling from what I know so far is delivering macro reports to the board of investors on performance and health.....
Anyone have any thoughts on what this experience can grow into? ie. Would it be valuable towards running an investment shop one day; gaining better knowledge of acquisitions or developments holistic impact; how institutional investors work/think/expect in presentations...etc ... I'm pretty young, analyst in Asset Management, so I'm really just trying to assess options and better understand the potential value from a opportunity on the other side of the country
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