Middle Business FP&A to F500 FP&A?
Hello,
I've worked towards and finally obtained a Financial Analyst job with a medium sized company (>$1,000,000,000 in revenue). I work at an operations site with the following responsibilities:
*Organize/responsible for two Budget/Operating plans (one >$100 million in revenue on site and another >$10,000,000) & Reforecasts, etc. *Create monthly report for senior management (site P&L, variance analysis, safety stats, lots of operational statistics, etc.) *Participate in month end closing process, reclassifying project labor & other expenses to appropriate accounts, etc. *Oversee site's AP process, double check correct application of sales & use tax, etc. (I have to approve over one thousand transactions a week). *Oversee & audit payroll. *Oversee creation of weekly on-site management reports. *Monitor product performance vs. customer contract specs, communicate concerns with operations managers if we are not meeting our goals. *Report various required information to regulatory authorities. *Eyes and ears of our accounting/finance department on-site. *Occasionally have the opportunity to examine various business opportunities and their impact on earnings. *Lots of miscellaneous tasks, including being the on-site IT guy basically since no one else on-site knows how to trouble shoot a PC and the regional IT guy is normally at least a hour removed from helping.
Concerns:
*Despite rapid growth, most of the people in my role have stayed in that role for years. *Limited professional development and guidance from above. Seems to be a general acceptance that my position is a dead-end job for most people. *Long work weeks are the norm (at least 55 a week normally), but the compensation leaves a lot to be desired.
I like what I'm doing in general, but I would like to make more money and have confidence that there is at least the possibility of getting promoted in the future. Working at a F500 company would be great too.
What would you all recommend? I have just a year of experience in this type of role. Should I wait it out for a few years then try? Should I try for a finance development program since I only have like two years of professional experience past college?
Thank you for any advice. I'm sort of a weird case.
Nothing keeping you from exploring your options right now - F500 roles are generally stable so if you land one and are willing to grind through for two years, its likely you will have a promotion in title and will be able to move on if necessary. If you are not excited about where you are right now, I would update your resume, and start applying elsewhere casually. Get some good stuff ready for fall recruiting.
A FDP type role is always a great way to get a better feel for what you actually like - I am applying to one this summer.
Keep in mind that getting stuck in a dead end role you don't like is worse than the negative view someone might take of you leaving a role "early".
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