Financial Planning Analyst

Job Description

Position Title: FINANCIAL PLANNING ANALYST (PEOPLE COST)

Job Summary

The role of the Financial Planning Analyst (People Cost) is to help the Leadership team drive maximum profitability through the preparation of the annual budget on compensation, benefits, and other people-related expenses; ensure timely, accurate, and complete financial accounting on all people-cost expenses; development of the Manpower charge out-rates.

Key Results Areas

On-time delivery of well-prepared budget on Compensation, Benefits and other People-related expenses.

• Lead the data gathering activities on all costs related to compensation, benefits and other people-related expenses.
• Champion confidentiality across all transactions and communications relating to people cost.
• Work closely with the CFO, HR Director, C&B Team, Financial Planning and Analysis team, and the Accounting team, to ensure soundness and completeness of People Cost and other SRS-related reports.
• Diligently reconcile Year-To-Date and Year-To-Go expenses based on annual projections
• Keep track of and document relevant historical decision points impacting budgetary directions
• Continuously enhance budget-related templates and tools to minimize errors and maximize insight delivery to stakeholders
• Ensure that total compensation and benefits reports for utilization and profitability reporting are regularly reviewed for correctness and accuracy.
• Prepare and deliver accurate People Cost reports (SRS) as required for Financial planning and ensure that confidentiality of salary and related data are observed at all times.
• For all budget cycles, create, analyze and submit all budget line items related to people cost, HR-related activities. Such budgets should be properly documented with sufficient supporting calculations and based on sound assumptions.
  
  

• P&L Review:
• Regularly review and reconcile all C&B related accounting entries to ensure that balances are reported accurately and internal controls are in place.
• Provide insightful analysis to the FP&A team on movements per C&B expense accounts between budget and actuals on a monthly basis.
• Account Reconciliation Analysis (ARA):
• Work closely with the C&B team in reviewing monthly ARA reports; that all items are correctly accounted for in the proper balance sheet accounts, all line items are properly identified per cost center and/or per employee; and that actionable line items are monitored and resolved on a timely manner.
  
  

• Work closely with the CFO to ensure that hourly change-out rates
• Work closely with the Commercial Finance POC/s to ensure rates development formula/methodologies are compliant with client Master Service Agreements
• Keep track of and document relevant historical decision points impacting rate development
• Work closely with the FP&A and Commercial Finance Manager, and CFO to ensure proposed rates are optimized for agency profitability
• Provide clear and complete instructions to the Commercial Finance POC/s on the usage and application of the final rates
• Continuously enhance templates and tools for rate card development to minimize errors and maximize efficiencies in the delivery and usage of the final rates
  
  

• Effectively and efficiently lead and complete assigned projects and tasks
• Assist in delivering other assigned reports and requirements relevant to Financial Planning and Commercial Finance
• Proactively deliver actionable and meaningful insights on key metrics, risk areas to help ensure optimal team performance
  
  

• 2-7 years of experience in any Accounting or Finance-related roles
• Advanced skills in Microsoft Excel
• Strong attention to detail
• Good verbal and written communication skills
• Highly analytical
• Amenable to start ASAP