Senior Financial Planning Analyst (Hybrid-Minneapolis, MN)

NOTE: This role requires 2 days a week in-office at the preferred location.

Preferred location(s): Minneapolis, MN, Waltham, MA or Houston, TX.

About Us

Wolters Kluwer is a global leader in professional information services. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's market leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world. Wolters Kluwer combines deep domain knowledge with specialized technology. Our portfolio offers software tools coupled with content and services that customers need to make decisions with confidence. Every day, our customers make critical decisions to help save lives, improve the way we do business, build better judicial and regulatory systems. We help them get it right.

The Role

• Highly visible, interactive and collaborative with product teams and business partners, driving financial insight, analysis and strategy within a key product segment
• Support Business Unit in Financial Planning and Analysis (FP&A), including tasks related to Financial Planning, Financial Reporting, and Financial Analysis.
• Emphasizes revenue reporting, variance analysis and insight on Business Unit performance, focusing on various metrics driving revenue variances as a critical aspect of the role.
• Develop and maintain forecasting models encompassing the aforementioned areas, creating early indicators for both risks and opportunities. Additionally, conduct ad-hoc analyses and build business case financials as required.
• Manage and report on the annual budget, while providing regular updates through monthly and quarterly analyses like Outlook and Latest Estimates (LEs) and contributing to the 3-year Vision and Strategy Process (VSP).
• Support the month-end financial reporting process including generating reports to ensure accurate closing of monthly financials and closing in-depth financial reporting
• Analyze and track sales pipeline and the relationship to the revenue forecast
• Provide operational and business insight for key metrics across multiple functional areas
• Drive efficiencies in data collection and improve upon data analysis tools
• Lead strategic initiatives that drive growth and operational improvements
• Foster cross-functional relationships and assist in ad-hoc analyses of complex business issues

Key Responsibilities

Revenue Management

• Analyze and monitor revenue streams across various customer segments and product lines.
• Utilize data analysis to understand and forecast revenue trends, identifying opportunities for growth and improvement.
• Support pricing strategies and tactics to optimize revenue and market competitiveness.
• Collaborate with sales, marketing, and finance teams to align revenue goals with business strategies.

Business Performance Enhancement

• Contributing to identifying business unit opportunities and challenges for enhanced performance. Collaborating with leaders to identify new business models and workflows, contributing to building business cases for necessary investments and strategic plans.

Planning & Forecasting

• Creating forecast models based on historical trends, vendor invoices, and volumes & analyzing how actuals are tracking to proposed forecasts.

Understanding Volume Impact and Cost Correlations

• Utilizing Data Analysis to comprehend volume impact due to customer behavior, including revenue/volumes across customer segments, product usage behavior, and seasonal fluctuations. Also, identifying correlations between volume and variable costs, temporary help, and overtime costs.

Mentoring

• Able to coach team and handle complex finance projects individually.

Financial system

• Understanding of existing financial reporting systems and assisting in the migration to new applications

Cultivating Expertise and Upholding Corporate Integrity

• Representing Wolters Kluwer by actively developing comprehensive knowledge of products, industry trends, and business and financial acumen. This includes effective communication in various formats, upholding corporate values, fostering positive relationships with customers and colleagues, and maintaining a reputation for competence, integrity, and professionalism.

Education:

• Minimum: Bachelor’s degree in finance accounting, or economics or data analytics or 4 years of experience in finance, accounting, or consulting role

• Preferred: Master’s Degree/MBA in finance, accounting, or economics or data analysis with 4 years of experience in finance, accounting, or consulting role

Experience, Knowledge, and Tools:

• 4 years of experience in finance, specifically P&L ownership.
• Finance Decision Support. 
• Knowledge of ERP systems
• Data Analysis
• KPI Development, Maintenance and Reporting
• Financial analysis, forecasting and business performance modelling.
• Reporting: cash flow, profit, and loss, and ad hoc.
• Expert in MS Office products, especially Excel and PowerPoint

Preferred Knowledge:

• Hyperion and/or Tagetik financial management software usage and familiarity.
• Experience with multiple ERP systems – NetSuite or SAP preferred
• Advanced Excel formula knowledge with ability to handle large data set
• Knowledge of the financial services or banking industry and knowledge of software development processes highly preferred
• Proficient with Microsoft Office Suite applications including Word, Excel, Access, Visio, Project, PowerPoint and Outlook
• General understanding of any Visualization tools like Power BI/Tableau etc; Microsoft Access

#LI-Hybrid

The above statements are intended to describe the general nature and level of work being performed by most people assigned to this job.  They are not intended to be an exhaustive list of all duties and responsibilities and requirements.

Compensation:

Target salary range CA, CT, CO, DC, HI, IL, MD, MN, NY, RI, WA: $95,560 - $133,750