1. What is the average salary of a Financial Planning and Analysis Director?
The average annual salary of Financial Planning and Analysis Director is $187,343.
In case you are finding an easy salary calculator,
the average hourly pay of Financial Planning and Analysis Director is $90;
the average weekly pay of Financial Planning and Analysis Director is $3,603;
the average monthly pay of Financial Planning and Analysis Director is $15,612.
2. Where can a Financial Planning and Analysis Director earn the most?
A Financial Planning and Analysis Director's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Financial Planning and Analysis Director earns the most in San Jose, CA, where the annual salary of a Financial Planning and Analysis Director is $236,296.
3. What is the highest pay for Financial Planning and Analysis Director?
The highest pay for Financial Planning and Analysis Director is $231,171.
4. What is the lowest pay for Financial Planning and Analysis Director?
The lowest pay for Financial Planning and Analysis Director is $159,164.
5. What are the responsibilities of Financial Planning and Analysis Director?
Directs an organization's financial planning and analysis function to monitor business performance and plan investment, budgeting, and financial strategies. Develops policies and procedures to collect and analyze financial data to ensure accurate and consistent financial reporting and interpretation of financial metrics. Coordinates financial analysis, modeling, forecasting, and reporting efforts to drive efficient financial operations. Reviews financial statements, reports, and models to develop business insights, create financial projections, and advise cost management and investment decisions. Researches, develops, and improves financial modeling and forecasting methodologies. Implements controls and policies to monitor and ensure all financial analysis, planning, and reporting activities meet industry standards and regulatory compliance. Oversees the preparation, coordination, and documentation of financial analysis and planning projects to promote and ensure quality standards and sound methodologies. Requires a bachelor's degree. Typically reports to senior management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.
6. What are the skills of Financial Planning and Analysis Director
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.)
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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Financial Modeling: Financial modeling is the task of building an abstract representation (a model) of a real world financial situation. This is a mathematical model designed to represent (a simplified version of) the performance of a financial asset or portfolio of a business, project, or any other investment. Typically, then, financial modeling is understood to mean an exercise in either asset pricing or corporate finance, of a quantitative nature. It is about translating a set of hypotheses about the behavior of markets or agents into numerical predictions. At the same time, "financial modeling" is a general term that means different things to different users; the reference usually relates either to accounting and corporate finance applications, or to quantitative finance applications. While there has been some debate in the industry as to the nature of financial modeling—whether it is a tradecraft, such as welding, or a science—the task of financial modeling has been gaining acceptance and rigor over the years.
3.)
Variance Analysis: Analysis of variance (ANOVA) is a collection of statistical models and their associated estimation procedures (such as the "variation" among and between groups) used to analyze the differences among group means in a sample. ANOVA was developed by statistician and evolutionary biologist Ronald Fisher. The ANOVA is based on the law of total variance, where the observed variance in a particular variable is partitioned into components attributable to different sources of variation. In its simplest form, ANOVA provides a statistical test of whether two or more population means are equal, and therefore generalizes the t-test beyond two means.