Sr Financial Planning and Analysis Manager

Job Locations CA-Toronto
Posted Date 4 weeks ago(8/25/2020 12:31 PM)
Requisition ID
2020-8960
Job Function
Finance

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Do you dare to reinvent the future of education?

At Cengage, we are harnessing the power of tech to build a future where all learners have the tools and confidence to achieve their goals. As a Cengage employee, you will blaze a new trail to transform the way people learn. Collaborating with the best of the best, you will feel challenged and inspired to do breakthrough work. With the support of our united team, there is no limit to what you can imagine, create and set in motion.

 

Are we right for you?

We set the bar higher by bringing our unique talents and point of view to the table every day. We are curious and comfortable with change and are willing to take risks to transform education. Most importantly, with everything we do, we put learning first.

 

What You'll Do Here:

The Sr. Financial Planning and Analysis (FP&A) Manager reports to the Senior Director, Finance & Operations and leads FP&A across Cengage Canada.  This position is responsible for ongoing operational/financial management of Canadian business units and for financial planning and analysis work to support budgeting and strategy activities to achieve business goals. 

This position performs financial planning, analysis and modeling, ad hoc financials and proactive idea generation sharing with ability to shift fluidly from supporting business decision making into challenging teams to help achieve the best outcome. This position boils down complex business scenarios into key insights and levers to aid decision-making and presenting it to all levels of business management. As a business partner, uses data sets to derive insights and present in an effective story to non-finance leaders, presents options and impacts of decisions, uncovers opportunities, and finds where best to make investments.

 

To be successful in this role, an independent strong analytical mindset along with the ability to cultivate and manage strong business relationships in a cross functional team setting is required. 

 

  • Reviews investment and capital spending proposals
  • Performs other ad hoc financial analyses in support of the Canadian team as directed

 

 Financial Planning & Analysis:

  • Manages, coordinates and executes the Annual Budgeting, Intra-year Forecasting and financial component of Strategic Planning processes to ensure financial sound business decision-making and optimal resource allocation, including direct support to business units in developing driver based, bottom up financial plans
  • Presents data insights and key data to non-finance leaders in a highly visual manner and utilizing dashboards to achieve understanding and buy-in. Prepares materials for General Manager, Corporate FP&A, and Executive Committee presentations with oversight from Senior Director, Finance
  • Performs predictive analysis to project results and highlight savings opportunities, options/risks/solutions, and operational challenges to achieving our financial targets
  • Provides ad hoc executive analyses to support both current financial review and potential future strategic scenarios and provide the overall financial impact to the business product unit (Metrics, GM Analysis, financial modeling, etc.)
  • With the Senior Director, Finance, develops policies and procedures to monitor and improve profitability, return on capital deployed and general financial efficiency of operations
  • Measures and communicates the financial performance of the business unit in comparison to funding, budgets, forecasts and previous years’ performance. Provides ongoing advice and direction to the business unit especially during the development of strategic plans and goal translation
  • Performs other duties as needed to meet department goals

Operational/Financial Management:

  • Manages overall Operational/Financial oversight of Cengage HED’s Business Unit’s P&L, Capex and A/R (approximately $50M); supports planning, budgeting, and forecasting activities for HED and other Cengage business units in Canada (NGL ELT, School, Gale.)
  • Presents insights derived from financial and operational results to executives and leads conversations with Senior Leadership about forecasts, projections, and opportunities and risks to achieving plans with proactive measures to manage financial/operational risk
  • Coordinates with Corporate and local Accounting Teams in support of Monthly Close and Audits
  • Serves, as needed, on Corporate or Business Unit-level task forces and project teams to ensure the operational and financial needs and concerns are represented
  • Reviews product pricing proposals, including development of a standard approach and template, including KPIs/targets, to streamline the pricing approval process

Skills You Will Need Here:

  • Bachelor’s Degree in Finance, Accounting, or other quantitative disciplines; MBA preferred
  • Minimum of 6 years of progressively responsible experience in FP&A at Divisional or Corporate entity; management consulting experience a plus
  • Excellent skills with presenting data visually, telling the story of the numbers and sharing business insights, and expertly utilizing Microsoft PowerPoint
  • Proficiency in at least one Planning tool such Hyperion, Cognos, etc., and strong skills with MS Office with Excel and Access
  • High comfort level with financially sound, fact-based, data-driven approach in support of or advising all levels of business management
  • Knowledge of quantitative modeling and forecasting techniques
  • Ability to advise on, design and engineer interdepartmental processes beyond Finance
  • Strong interpersonal skills including excellent written and verbal skills to help build consensus
  • Demonstrated effectiveness in highly matrixed organization and fluidity in operating across
  • Experience with data analytics and tools (Hyperion, SQL, or Python, etc.)

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