Director, Financial Planning, Analysis & Reporting
- Recruiter
- C T Corporation System
- Location
- New York, New York, United States
- Salary
- Competitive salary
- Posted
- 03 Dec 2020
- Closes
- 04 Dec 2020
- Ref
- R0009915
- Sector
- Accounting - Public practice
- Experience level
- Director
The Director, Financial Planning, Analysis and Reporting has primary responsibility for driving the financial planning and analysis function including the development of both short- and long-term business plans and projections. Additionally, the individual will be responsible for developing a consistent methodology for financial modeling that will be used for strategic investment decisions, developing a comprehensive reengineering program, creating a framework for pricing across all business lines, revenue diversification, expense management, margin management, sales force compensation performance, and driving all financial analytics for potential business development opportunities and new product development. They will manage a team of Finance and Business Analysis for each line of business under WKLS.
This position can based in our office in New York, NY, or Houston, TX.
ESSENTIAL DUTIES AND RESPONSIBILITIES
JOB QUALIFICATIONS
Education:
Required Experience:
A minimum of ten years in financial related positions including:
Preferred Knowledge, Skills, Abilities or Certifications:
Travel Required:
All Locations:
USA-NY-New York-Liberty St, USA-TX-Houston-Allen Pkwy
This position can based in our office in New York, NY, or Houston, TX.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- This position has primary responsibility for driving the financial planning and analysis function including the development of both short- and long-term business plans and projections.
- The individual will be responsible for developing a consistent methodology for financial modeling that will be used for strategic investment decisions, developing a comprehensive reengineering program, creating a framework for pricing across all business lines, revenue diversification, expense management, margin management, sales force compensation performance, and driving all financial analytics for potential business development opportunities and new product development.
- Creates the financial vision for WKLS Finance by identifying opportunities and challenges that optimize business unit performance by providing centralized financial analysis, project management, and decision support. reviewing and analyzing financial and operations data to model trends, identify relationships, or spot opportunities; reviewing business information; preparing compelling and clear data, reports, and presentations to share findings with other business leaders; brainstorming with peers to generate business improvement and strategic initiatives based on information; testing hypotheses and alternatives to find the optimal solution; collaborating with other leaders to identify new business models, customer markets/segments, and pricing strategies; and assisting with building the business case for needed investments and strategic plans to deliver planned results.
- Identifies and measures financial analytics by supporting the ongoing development and evaluation of KPIs within the business; implementing financial tools and models to support achievement of operating objectives; optimizing revenue and forecasting models to improve business planning; improving the timeliness and quality of financial metric reporting; and reporting the metric data collected to the executive staff to improve business plans and processes.
- Contributes to strategic initiative progression and realization by providing financial leadership for initiatives; assisting with procuring resources, timelines, and standards for cross-functional initiatives; ensuring, along with other sales and operations leaders, deliverable quality meets the expectations of the EVP/GM and the needs of the business; identifying commonalities and ways to produce synergies; participating in market visits; attending business planning meetings and strategy reviews; conducting research and summarizing findings; and applying knowledge from background area of expertise to special projects.
- Participates in the development of business initiatives to improve financial performance by identifying and implementing FP&A initiatives that simplify and scale the business; advising VP Finance and business leaders on financial implications of business activities; making recommendations to strategically enhance performance in the areas of revenue enhancement, expense management, and procurement; staying abreast and knowledgeable of industry trends and events that may/will impact business performance (including subscribing to and reviewing industry reports, and visiting clients).
- Monitors budget development, Business Development Plan (BDP) activities and delivery, quarterly Management Discussion Meeting (MDM) and Latest Estimate (LE) analysis and reporting for the WKLS Business unit by establishing organized, logical and efficient systems, tools, and templates to organize and optimize department planning activity and accuracy; preparing and delivering timely and accurate prior period results and current run rates (e.g., revenue by customer segment, seasonal variances, department spending by account) to each business function for building budgets and plans; staying apprised of economic conditions that may impact forecasts; collaborating with sales and operations leadership to incorporate sales pipeline and service delivery information; advising department heads on potential impact of current economic conditions and sales forecasts on their budgets early; consolidating department budgets; reviewing with senior leaders; iterating and adjusting until plans and budgets are approved by WKLS leadership; and tracking actual activity monthly against plan.
- Facilitates growth in WKLS business by developing pricing guidelines, implementing best practices, and strategies for rollout to regional finance teams and business partners; supporting negotiations, (re-negotiations, ad-hoc, etc); leading deal analysis, developing and maintaining financial models, and collaborating across WKLS leadership business and finance teams; conducting partnership, benchmarking and profitability assessments; developing quarterly co-brand metrics report to track performance; and providing new insights to the business.
- Supports WKLS compensation by developing annual incentive plans across WKLS, administering incentive and commission plans for CT Corporation and managing the Annual Bonus plans, including eligibility tracking, goal and target calculations, and processing the annual payouts.
- Manages and develops a team of Finance and Business Analytics and Financial Analysts by establishing standards and setting clear goals and objectives; providing professional guidance, training and leadership to develop talent and maintain a highly motivated and competent work force.
- Prepares and delivers management presentations by utilizing WKLS systems, tools, and templates to prepare professional reports based on financial data and trends; preparing and delivering financial reports to financial management; preparing and delivering quarterly financial reports to the executive board.
- Represents Wolters Kluwer by developing and maintaining comprehensive knowledge of Wolters Kluwer products, industry trends and general business and financial acumen through various sources and initiatives.
- Performs other duties as assigned by supervisor.
JOB QUALIFICATIONS
Education:
- Bachelor's Degree in finance, accounting, or related business field OR (if no degree) 10 years of experience in finance and business operations roles
- Master's Degree in business administration with emphasis in accounting or finance preferred
Required Experience:
A minimum of ten years in financial related positions including:
- Three years of management experience is required, five years strongly preferred
- Five years of revenue modeling experience
- Demonstrated skills in business analytics to translate reporting into actionable decision support and recommendations
- Financial analysis, forecasting and business performance modeling (including ROIC, break-even)
- Reporting: cash flow, profit and loss, and ad hoc
Preferred Knowledge, Skills, Abilities or Certifications:
- Strong interpersonal and leadership skills; demonstrated ability to work collaboratively with a wide range of individuals at all levels of the organization
- Business process engineering or re-engineering
- Comfortable leading discussions and being in front of large groups
- Working knowledge of the financial services industry and software development processes
- Accounts Payable
- Accounts Receivable
- Collections
- Chart of accounts/General ledger
- Audit and control
Travel Required:
- Travel is on a monthly basis and expected to be between 25 and 30% of total work time
- Minimal international travel may be required
All Locations:
USA-NY-New York-Liberty St, USA-TX-Houston-Allen Pkwy