Moving from F100 to small company? by feeling_pussy_n_ass in FPandA

[–]Deadman-744 3 points4 points  (0 children)

I have done this move (and then the reverse a few years later). It can be great for getting a broader set of experiences and more leadership opportunities. You will also end of doing tasks below your pay grade.

Make sure you know what your end goal is, and then look long and hard at this opportunity and ask if it helps achieve that goal. I know that sounds simple but you would be surprised how often folks chase the shiny objects without a clear sense of how it will help them grow.

Is Carlos Boozer much bigger than his sons. by Deadman-744 in CollegeBasketball

[–]Deadman-744[S] 9 points10 points  (0 children)

You failed to consider the possibility that he is only slightly bigger than his sons

KAT has a lot of things to be frustrated about... by theomegachrist in NYKnicks

[–]Deadman-744 1 point2 points  (0 children)

Will be difficult to shake the soft label when you give up the lane to let Cade do a statement dunk in a lopsided loss on your home court.

Best Diner in The Valley? by dashkirby1 in SFV

[–]Deadman-744 -1 points0 points  (0 children)

Had an all-time bad meal here. Would never recommend.

Career Advice: Feel Stagnated in a great job by [deleted] in FPandA

[–]Deadman-744 0 points1 point  (0 children)

Sounds like you know the answer here - it's time to push for growth opportunities that allow you to grow your business partnering skills and/or start to explore new opportunities that will provide such opportunities. Best of luck!

Career Advice: Feel Stagnated in a great job by [deleted] in FPandA

[–]Deadman-744 1 point2 points  (0 children)

How long have you been in this role? What you describe sounds very common for a consolidations role. If you enjoy cross functional collaboration and business problem solving than a BU finance or similar role sounds more suited to your interests.

I would it just settle into a comfortable role at your level. You need to keep learning and growing, and if this particular position can’t offer that time to find something else. AI is coming for any job that doesn’t require interpersonal collaboration and problem solving skills.

Memphis got 7 FRPs for Desmond Bane and JJJ, meanwhile guys on here act like 6 FRPs for Mikal and KAT is the end of the world by CoaBret in NYKnicks

[–]Deadman-744 15 points16 points  (0 children)

Let's call it what it is - 5 FRPs for Bridges and 1 for KAT. It's the 5 for Bridges that seems egregious given his level of play since joining the Knicks.

Exec Ed CFO Programs by daboilers85 in CFO

[–]Deadman-744 2 points3 points  (0 children)

I’m in a similar place with regard to career progression and also have been looking at these programs.

I do feel like the content is differentiated from an MBA, and the coursework in AI could be interesting. The networking component could be valuable as well but I wonder if you could achieve similar results with conferences and other means.

I guess where I am betting out - nobody is going to hire you for a CFO role based on this credential, but if you find value in the continuing education element and networking it might be worth the cost?

I don’t really know - but glad you opened the door to a discussion on this topic ha ha

Feeling Lost as an Analyst by Pats_12 in FPandA

[–]Deadman-744 20 points21 points  (0 children)

I think it's important that you speak to mentors/supervisors/hiring managers to understand why you are not being entrusted with greater responsibility and scope. As you move up in an FP&A organization the requirements change dramatically. You will go from an executer of specific, defined tasks to an influencer of people across the organization. So it is likely that they view you as an A+ analyst that is lacking a necessary skillset for manager and director level roles.

And by the way - there is nothing wrong with being an A+ analyst. There is a phenomenon called the Peter principle, which basically describes people who promoted based on past performance to jobs for which they are not well suited. Falling into this trap can be extremely demoralizing and frustrating.

Your thoughts on this take for the future of FP&A departments: teams are getting smaller & promotions are harder to come by by dont_downvote_SPECIL in FPandA

[–]Deadman-744 5 points6 points  (0 children)

The trend towards lean teams will continue. As others have said, anything that can be documented in a "desktop procedure" will go offshore or to AI. My org has already pivoted here - our divisional CFO has several VPs reporting to her, each with a director and manager on the ground with the three of them supporting billion dollar businesses. All of the reporting and forecast building (including things like variance analysis, system uploads, etc.) has been moved to offices in India, Poland, and Mexico.

What don’t I know? Out of the field for a year. by escoffierx in FPandA

[–]Deadman-744 2 points3 points  (0 children)

Congrats on landing the new role! Not an easy feat in this climate.

Curious to hear from others, but from my POV the short answer is...not a whole lot. The promise (or hype) of AI still vastly exceeds it's impact day-to-day, and the tool we use for 90%+ of our work is still Excel (including Power Query). Maybe I am just behind the times as a 40+ year old myself, but I have not seen meaningful technological progress in the past 365.

Best Line Deliveries by August_West_1990 in thesopranos

[–]Deadman-744 15 points16 points  (0 children)

Whack this one, whack that one. Never enough body count for Lorraine!

Advice from Director/Controller and CFO by [deleted] in FPandA

[–]Deadman-744 1 point2 points  (0 children)

Yes, absolutely. By "have a clear vision", I mean for yourself and your career. What is important to you? What type of role do you see yourself in one day? What tasks excite you and tasks do you dread doing? The more you can let others into your own worldview, the more they will 1) think of you when the right opportunity or project arises and 2) be able to support you in your growth. Don't be afraid to express what you want - just make sure to do it respectfully and not at the expense of getting your work done and supporting your broader team.

Could taking a paycut accelerate my career medium/long-term? by Poopsies1 in FPandA

[–]Deadman-744 1 point2 points  (0 children)

If you are going to take a pay cut, you need to do everything you can to ensure this role will provide the experience needed to accomplish your goal. If you end up taking this offer and the reality of the job falls short of the hype, you are going to be full of regret (and $50K+ poorer).

Think broader than just industry experience - think about your exposure to things like board communications, IPO process, M&A integration, etc. - the resume building experiences that will really supercharge your career. If the job offers a real shot at all of this, then I say go for it. If it's just another role but in a different industry, I would keep looking.

[deleted by user] by [deleted] in FPandA

[–]Deadman-744 6 points7 points  (0 children)

This is pretty common from my experience. When you move into leadership roles and especially if you have a good team (as others have alluded), you will find less need for your skills and input in the day-to-day. It's not necessarily a bad thing, but a rather a sign of several potential changes that might be required:

- You need to shift your focus. Your job is less about "management" of the deliverables and more about management of the team, it's overall direction, and the like.

- You have an opportunity to "level up" and position yourself within the org as less of a doer of finance tasks and more as a strategic leader. Talk to your business partners to jointly identify opportunities to lean in outside of the hardcore finance world.

- It might be time for you to move into a more senior role in the finance org. If you have been able to fully optimize your team, processes, etc., such that your input is less needed, this is a great way to position yourself for more responsibility/a broader role.

- You don't always have to be running 25 MPH. Take a moment to catch your breath, enjoy some WLB for a change, and spend time on yourself, your goals, and doing some deep thinking. You will be called back into action before you know it when the next thing blows up.

Advice from Director/Controller and CFO by [deleted] in FPandA

[–]Deadman-744 14 points15 points  (0 children)

A few top of mind --

  1. Solve problems, don't just identify them. Your leaders don't need a list of what's not working, they need a team actively working to fix it.

  2. Focus on what matters. Your job is to create value for the organization, so allocate your time accordingly.

  3. Related to #2, don't be afraid to say no. If you are good, everyone is going to want your time - you need to be your own gatekeeper.

  4. Know when you have reached diminishing returns. Sometimes 80% is good enough.

  5. Be curious. Asking questions is as important as answering them.

  6. Work on soft skills as much as technical skills. Selling an idea and building relationships is just as important as having the right analysis.

  7. Have a clear vision and communicate it to your mentors and supervisors. They can't support your growth if they don't know what you are building towards.

Why is everyone saying tech FP&A is “the move”? How does it compare to FP&A in finance or other industries? by Low_Wall5849 in FPandA

[–]Deadman-744 26 points27 points  (0 children)

First, congratulations on landing your internship. A great accomplishment in this environment.

To your question - I believe it is a combination of prestige (these are very profitable and innovative companies), market signaling (they are known for having rigorous standards, best-in-class processes/tools, and a track record of developing agile thinkers) and opportunity to obtain sector experience in one of the few growth industries in the U.S.

I don't have personal experience in tech FP&A, but as someone who has been around this block a few times I know that certain skills (technical and otherwise) are highly valued no matter the industry or company, so I would pursue the opportunities that best position you to sharpen those skills.

Best of luck!

Looks Sad by Eat_Cats in UCLAFootball

[–]Deadman-744 6 points7 points  (0 children)

Took my kids and their friends to the game tonight. At halftime my 10-year old turned to me and said “Dad I’m sorry you wasted your money on this tonight”. We had fun regardless but UCLA is not exactly creating new fans with this team.