This process involves translating information into representations, such as a map or graph. Consequently, FP&A professionals should be well acquainted with visualization libraries like Matplotlib or Seaborn.
These are integrated software solutions that help FP&A professionals manage various aspects of finance, inventory, human resources, and customer relationships.
These software applications are used to collect, analyze, and present data to help businesses make informed decisions. They provide insights through dashboards, reports, and data visualization.
It involves managing a company's financial resources to maximize shareholder value and achieve long-term financial goals.
It is the process of identifying, assessing, and predicting potential threats that may impact an organization's objectives. It also helps to ensure better decision-making and safeguards against adverse events.
These are laws and rules that govern the financial industry. They aim to ensure fair, transparent, and ethical behavior to protect consumers.
A systematic process defines an organization's long-term goals and objectives. FP&A professionals are required to be familiar with it, as using it, they can identify the resources and actions needed to achieve them.
It is the evaluation of potential investment opportunities to determine their feasibility, risk, and potential returns.
It involves analyzing and enhancing organizational processes to increase efficiency, quality, and effectiveness. It aims to streamline workflows, reduce waste, and optimize operations.
It involves effectively communicating ideas, information, or messages to an audience.
Strategic and critical thinking skills are necessary for FP&A professionals. It exhibits their ability to analyze complex situations, foresee consequences, and make informed decisions.
It includes understanding and insight into how a business operates, including financial literacy, market awareness, and strategic thinking.
With the help of data storytelling, FP&A professionals get to translate complex data into a narrative that is easy to understand and engages the audience.
An FP&A professional is required to guide and inspire others to achieve common goals. Effective leadership also emphasizes fostering strong and positive connections with team members.
Communication skills are crucial for FP&A professionals as they enable them to collaborate with team members, understand their requirements, translate language, and explain algorithms in a simplified manner.
The ability to collaborate in a team environment, sharing knowledge and supporting others, is essential for FP&A professionals.
It is the ability to dissect complex problems, break them down into manageable components, and systematically evaluate and interpret information to make informed decisions.
This skill promotes FP&A professionals' ability to work in a changing working environment and showcase resourcefulness.
Create strong talent pipelines and address skill shortages better.
Validate through employee self-rating, manager’s rating, data from LMS/PMS in the flow of work.
AI technology to deliver accurate, reliable, and actionable insights.
Organizes skills into a hierarchical structure to build skill-based job architecture.
Qualitative insights to enhance workforce planning.
Assess skills with the comprehensive library of 2,500+ pre-built and custom skills assessments.
Here are some common roles and responsibilities required to be fulfilled by FP&A professionals:
FP&A Professionals play a crucial role in contributing to the growth and profitability of a company through the following means:
Skill Intelligence platforms like iMocha can help you make intelligent talent decisions and work towards building future-ready skill-fit team. Using this tool, you can easily define the skills of FP&A Professional in a defined architecture and validate them to deploy them to the right role.