In this article, we will discuss the top 10 essential FP&A skills that you should add to your CV by 2025 in order to stay ahead of the curve.
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Financial modeling: Creating and manipulating financial models using software such as Excel or planning tools is an essential skill for FP&A professionals. These models can be used to forecast future financial performance, assess the impact of business decisions, and identify trends and patterns in financial data.
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Budgeting, Forecasting and Management Reporting: Creating and managing budgets, including forecasting, monitoring, and reporting on financial performance.
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Data analysis: The ability to collect, organize, and analyze large amounts of financial data to identify patterns, trends, and insights.
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Data Visualisation and Data storytelling: Using tools such as excel, PowerPoint, Power BI and tableau to visualize data. And also effectively communicate the story and insights behind the numbers.
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Strategic planning: FP&A professionals should be able to contribute to the development of long-term financial plans and strategies that align with the overall goals of the organization.
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Communication and collaboration: FP&A professionals should be able to effectively communicate financial information to a wide range of stakeholders, including executives, managers, and external partners. They should also be able to work effectively as part of a team and collaborate with other departments to ensure that financial plans and strategies are aligned with the overall goals of the organization.
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Adaptability and continuous learning: The business landscape is constantly changing, and FP&A professionals should be able to adapt to new situations and technologies. This includes the ability to continuously learn and develop new skills to stay current in the field.
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Problem-solving: The ability to identify problems, gather and analyze information, and develop and implement solutions.
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Leadership: Being able to inspire and guide others, as well as make tough decisions and take calculated risks.
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Risk management: Being able to identify, assess, and mitigate financial risks to an organization.
In conclusion, the FP&A function is rapidly evolving. By mastering the above skills, you can stay ahead of the competition and make yourself more valuable to employers