Senior Manager, Financial Strategy and Analytics

Overview

The Senior Manager of Financial Strategy & Analytics is responsible for establishing innovative, efficient, effective and fully integrated financial management processes and practices which can be relied upon to consistently produce timely, accurate and relevant analyses & business decision support to IDA senior leadership. This position is responsible for challenging the status quo, driving process and finance business systems change that improves how we work and how we deliver constructive value to IDA’s divisions and directorates, effectively forging new paths to work smarter.

Responsible for operationally supporting the current set of financial business systems & tools and partnering strategically with IDA’s CIO organization to determine the next generation of financial business systems & tools that will increase the value proposition of IDA’s financial management capabilities.

Chartered with fostering a collaborative partnerships across all of IDA to ensure stakeholder needs are well-understood and addressed and that awareness of and adherence to financial policies is embedded in IDA’s operations.

Strategic partner to IDAs Controller in all aspects of financial management, from creating sustained improvements in financial management analysis & reporting to supporting the Controller with government and external auditors.  Oversees the work of and provides advice and guidance to lower level staff within the Finance Directorate.    
 

Responsibilities

• Leads corporate-wide budgeting and forecasting processes that identify and mitigate budget performance risks using timely analyses of root cause and options analysis. 
  • Analyzes budget performance and proactively set in motion actions to meet cost objectives.
  • Works effectively cross-organizationally to analyze and report on financial results from an actual vs budget perspective. 
  • Works with managers of division administration and the technical divisions to integrate and streamline internal and external financial reporting while ensuring compliance.
  • Prepares provisional billing rates and “what if” indirect rate modeling (OH, Fringe, facilities, G&A, etc.)
• Drives IDA financial reporting processes toward use of data analytics, dashboards, and data visualizations to reduce or eliminate reliance on paper reporting.
  • Develops relevant financial management reporting, including the innovative use of data visualizations and dashboards, to internal IDA management, auditors, and external sponsors as required. These reports may include, but are not limited to:
    • Standard monthly, annual, and multi-year reporting 
    • Key business metrics & analytics such as labor, overhead, G&A, facilities indirect rates, and unallowable expenditures
    • Variance Analysis and interpretation of financial results 
    • Benchmarking 
    • Additional analyses and reports as requested by management
  • Executes quick turnaround decision-support analysis that is responsive, accurate, comprehensive, and reliable.
  • Focal point for finance staff and technical division’s managers of division administration (MDAs) to ensure the financial data and reporting they need is current, accurate, complete and readily available. Responds to ad-hoc questions regarding division financials.
  • Through effective data analytics, assesses IDA’s historical and current financial performance as a means of understanding trends and predicting future revenue, expenses, cash flows, and indirect rate impacts.
• Leads the annual corporate capital and operating budget development and management processes
  • Works with unit management to ensure that processes are transparent and efficient and submissions are complete, accurate and timely.
  • Works with FP&A manager to prepare and distribute annual budget templates.
  • Reviews and finalizes FP&A managers draft capital, General and Administrative (G&A), and Unallowable budgets.
  • Reviews full annual budget and makes recommendations for changes based on affordability and company goals.
  • Prepare detailed budgets and indirect rate models in excel from data currently housed in different sources. 
  • Monitors budget vs. actual, coordinates with divisions and directorates to analyze and report on MTD/YTD variances to management.
  • Engages in ongoing cost reduction analyses in all areas of the company.
  • Continually assesses processes, utilizing stakeholder feedback, for streamlining, simplifying and improvement opportunities.
• As the primary liaison between Finance and Systems Development & Implementation (SDI), will lead efforts to assess and modernize the current financial business systems, tools, and processes.
  • Maintains oversight over corporate financial business systems including