Am I doing FP&A or glorified accounting?

bernie madoff's picture
Rank: Baboon | 164

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?

Comments (8)

Jul 2, 2016

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.

Jul 2, 2016

It's both.

Jul 2, 2016

Mostly accounting.

Jul 3, 2016

This sounds like project or department finance to me. Do you do anything corp wide or at a lower level?

Jul 3, 2016
Managerette:

This sounds like project or department finance to me. Do you do anything corp wide or at a lower level?

I'm on a specific brand, basically managing the entire budget for it.

They call it Commercial Finance.

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jul 20, 2016

any other thoughts?

Jul 21, 2016

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.

Jul 26, 2016
Comment