WHAT DOES A FINANCIAL ANALYSIS MANAGER DO?
Published: Mar 25, 2025 - The Financial Analysis Manager creates bottom-up financial models and detailed forecasts to support business decision-making. Monthly financial reports are prepared and distributed while managing financial risks and monitoring profitability. Collaboration with accounting and legal teams ensures accurate reporting and effective management of financial resources.
A Review of Professional Skills and Functions for Financial Analysis Manager
1. Senior Financial Analysis Manager Duties
- Liaison Role: Become the main liaison for the Financial Services Group with finance.
- P&L Understanding: Develop a deep understanding of each product's P&L and the driving factors behind them.
- Financial Planning: Work with product owners and Finance to create financial plans for each product.
- Report Development: Develop new Tableau reports and views using connected data sources.
- Modeling Skills: Create and maintain financial models and forecasts for each product.
- Performance Tracking: Track actual performance against plan and perform gap analysis.
- Market Awareness: Stay up to date with product releases, marketing campaigns, and any other initiative that may affect product performance.
- Reporting Consistency: Keep Finance informed on a regular cadence with updates to each product's forecast.
- Optimization Identification: Identify areas for revenue and margin optimization.
- Support Provision: Provide Finance with any additional information or supporting analysis
2. Financial Analysis Manager Details
- Modeling: Create bottom-up financial models and detailed forecasts.
- Analysis: Analyze financial data for decision-making support.
- Reporting: Prepare/distribute detailed monthly financial reports.
- Risk Management: Identify/manage all financial risks in monthly trends.
- Profitability: Monitor financial resources to increase profitability.
- Investment Evaluation: Measure and review the cost/benefit of proposed investments.
- Consolidation: Compile individual budgets into a consolidated plan.
- Collaboration: Support and challenge budget owners during planning.
- Automation: Increase productivity by developing automated reporting tools.
- Research: Perform market research, business intelligence, and valuation comps.
- Accounting: Work with the accounting team to ensure accurate financial reporting.
- Reconciliation: Work with accountants to review trial balances and general ledgers.
- Legal: Work with Legal on corporation structure and related issues.
3. Financial Analysis Manager Responsibilities
- Capital Management: Contribute to challenges of capital measurement and management processes, including methodologies, assumptions/inputs, results, and business decisions.
- Data Analysis: Perform data-based analysis to challenge the first line’s results, make recommendations, and support decision-making.
- Partnership Coordination: Partner with other internal teams that perform effective challenges to ensure a consistent, high standard is maintained.
- Material Preparation: Help to prepare challenge materials, documentation, and presentations to be shared with senior management, the Board of Directors, regulators, and auditors.
- Industry Research: Develop an understanding of industry best practices, trends, and supervisory guidance with respect to capital measurement and management.
- Insight Suggestion: Suggest new analysis opportunities and articulate outcomes of analysis and relevant insights.
- Task Management: Independently manage, prioritize, and delegate tasks.
- Financial Reporting: Responsible for the monthly financial statement consolidation of America's companies and related reporting to parent company.
- Financial Planning: Responsible for financial planning and analysis functions: long-term planning, annual budgeting, and monthly forecast development.
- Performance Reporting: Own the business performance reporting process including the monthly regional management commentaries and regular business reporting.
- Financial Analysis: Collect, analyze, and present financial information to business partners identifying risks and opportunities; take a leadership role in developing solutions and driving performance.
- Capital Planning Support: Support capital planning and post-mortem review of capital projects.
- Process Improvement: Champion best practices and drive process improvement opportunities to improve resource productivity.
4. Financial Analysis Manager Accountabilities
- Budgeting: Coordinate and develop the plant’s annual and multi-year budget and business plan process.
- Analysis: Prepare presentations and financial analysis for Plant Director and VP of Electric Delivery & Customer Experience.
- Forecasting: Develop forecasts utilizing budgets and actual results to help facilitate the management of the business.
- Collaboration: Work with plan director to create awareness and assist in the development and implementation of action plans.
- Financial Support: Provide financial support, information, and analysis to the Business Planning Director regarding costs and revenues.
- Strategy: Provide the Plant Director and other plant management with appropriate strategies to manage costs to the Business Plan.
- Compliance: Ensure cost-related activities and charges are recorded appropriately to maintain Sarbanes-Oxley compliance.
- Revenue Management: Areas of responsibility include, but are not limited to other revenue processes, by-product revenue, SPP programs, payroll, warehouse issues, accounts payable transactions, fuel expense and inventory, capital projects, and Long Term Service Agreements or Continuing Service Agreements.
- Process Development: Evaluation and development of financial processes for new programs and/or processes.
- Control: Assist in coordination and control of the payroll and accounts payable administrative processes and procedures for the plant including Sarbanes-Oxley compliance.
5. Financial Analysis Manager Functions
- Forecasting Support: Support the development of forecasting and budgeting systems/tools within the plant, business unit, and company-wide.
- Analysis Preparation: Prepare monthly variance analysis and forecast along with other operational/efficiency reports.
- Reporting Compliance: Monthly Sarbanes-Oxley reporting, year-end for O&M and capital-related costs.
- Issue Resolution: Resolve business and systems issues working with TEC general accounting, purchasing, contract administration, information technology, legal, and/or other TEC departments.
- Storm Coordination: Coordinates storm preparation for equipment and transportation needs.
- Cost Management: Develop, implement, and manage cost-tracking procedures and systems, and identify and champion profit and cost control opportunities.
- Negotiation Support: Supporting negotiations with outside vendors and supplies, including creating a more efficient or cost-effective solution.
- Presentation Skills: Make presentations to management and/or plant personnel to facilitate implementation.
- Financial Guidance: Provide guidance to plant personnel to determine financial treatment for station equipment and supplies.
- Inventory Control: Ensure appropriate procedures and controls are in place for the fuel and non-fuel inventory process.