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Senior FP&A Analyst
Published on: Oct 3, 2024
Country: United States
Location: Austin, Texas
Company: Luminex Corporation
Job Category: Finance
Employment type: Regular Full Time
Job Scope
The Sr FP&A analyst will play a crucial role in overseeing the financial aspects of our research and development activities and other capital projects. The person in this role will collaborate closely with cross-functional teams to ensure effective budgeting, forecasting, and cost control measures are in place. This role requires a combination of strategic thinking, analytical prowess, and strong communication skills to drive informed decision-making and optimize resource allocation across various projects.
What you will be doing:
- Develop and maintain financial models to support budgeting, forecasting, and performance analysis for projects.
- Monitor project expenditures and track against budgeted targets, providing regular updates and recommendations to senior management.
- Partner with relevant teams to evaluate project feasibility, assess resource requirements, and mitigate financial risks.
- Implement cost control measures and identify opportunities for cost optimization to maximize the efficiency and effectiveness of investments.
- Collaborate with stakeholders to develop business cases for new initiatives, conducting financial analysis and scenario planning to support decision-making.
- Prepare and present financial reports, variance analysis, and ad hoc analyses to senior leadership, offering insights and recommendations for strategic action.
- Stay informed about industry trends, regulatory changes, and emerging technologies to provide proactive financial guidance and support to other teams.
- Key participant in FP&A process, including the preparation and data input of Forecast, Strategy Plan, R&D Pipeline and AOP.
- Provides leadership and support with financial advice to R&D and PMO organization.
- Investigates and reports on significant variances to ensure integrity of information and performance against quarterly plans. Helps division remain on target.
Education, Experience, and Qualifications
- Bachelor's Degree in Accounting or Finance required.
- Masters with an MBA, CPA and/or CMA Preferred.
- 3+ years minimum experience in Financial Planning and Analysis, preferred background with being the FP&A analyst for R&D, PMO, Clinical organizations.
- 5+ years experience in Financial analysis, budgeting, or controlling, preferably with experience evaluating and managing projects.
- Strong proficiency in financial modeling, forecasting techniques, and variance analysis.
- Excellent analytical skills with a keen attention to detail and the ability to interpret complex data sets.
- Advanced proficiency in Microsoft Excel; experience with financial planning and ERP systems preferred.
- Exceptional communication and interpersonal skills, with the ability to collaborate effectively across departments and influence decision-making at all levels of the organization.
- Proven ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively.
- Strategic mindset with a focus on driving continuous improvement and delivering actionable insights to support business objectives.
- Excellent verbal and written communication skills and the ability to communicate complex business issues in a clear/concise manner.
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