Financial Planning and Analysis Officer. London. Posting Date: 10/01/2024. Deadline: 10/22/2024
Role Title
Financial Planning & Analysis Officer
Grade Level
Level E, Grade 10
Reporting To
Unit Manager, FP&A
Role Purpose
The Senior FP&A Officer is to assist the Unit Manager through rigorous financial planning and analysis, and in developing and overseeing the financial management of the Foundation by providing financial projections, management accounting services and budget analysis for all OSF funding and spending entities in addition to programmatic and administrative departments.
Key Responsibilities
Assist the Unit Manager in being an innovative business partner, building cross-functional collaborative relationships
Assist the Unit Manager in developing budgeting policies and processes in coordination with Strategy and Impact Unit and Global Operations
Be a thought partner to Senior Directors and support colleagues on complex areas in planning including strategy and budget alignment, data governance, budgeting/financial management, data model structuring, forecasting, and policy development
Organize various trainings on data model, OSF budget processes, and systems (new employee onboarding, annual finance and foundations conferences, budget retreats)
Maintain and monitor budget through budget modifications, allocations, reserve funds, personnel, financial reporting, work with accounting on recoding exercises to ensure accuracy and validity of data
Assist in the preparation of budgets, analyses, forecasts, and recommendations to and for the Executive Leadership team, Directors of Programs and other Senior Directors, to support critical decisions and resource allocations
Communicate with OSF directors/staff on budget process updates
Review/ clean errors in budget submissions
Prepare legal entity budgets for Director/Trustee fiduciary board(s) approval
Draft reports for Board of Directors, as needed
Draft/edit memos on budget policy
Address budget related questions/issues
Monitor actual performance against budget, identify and analyse variations, and recommends approaches for addressing these variations
Perform budget preparation and control, as well as expense analysis, including data consolidation
Coordinate with Grants Management (GM) and Accounting & Compliance teams to ensure accuracy with coding, budgeting, and grant making
People Responsibilities (Total Team/DRs)
None
Key metrics
Quarterly budget tracker report, risk mitigation for c3 underspending/overspending, timely budget review and risk escalation; monthly variance analysis and reporting
Key internal relationships
CFO, Director of FP&A, Unit Manager of FP&A, Accounting and Compliance, Global Finance, People and Culture, Programs, Grants Management, and Global Operations
Key external relationships
N/A
Qualifications
Essential:
Educated to a degree-level (or equivalent)
Desirable:
CPA (or equivalent), MBA