VP, Financial Planning & Analysis

Job Description

The Vice President of Financial Planning & Analysis ("FP&A") plays a pivotal role in driving operational excellence and efficiency across our organization. This position will be responsible for leading the financial planning, budgeting, forecasting, and analysis processes to drive business performance and inform decision-making at all levels of the organization. The Vice President of FP&A reports directly to the Senior Vice President Finance and Treasurer, and involves a high level of strategic thinking, influence, and collaboration with other senior leaders within the organization. This position drives continuous improvement in all areas of responsibility and maintains Advance Auto Parts' vision, mission, and culture.

This position is part of a Hybrid work arrangement based in Raleigh, NC.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Develop and execute long-term financial plans aligned with company objectives, incorporating market trends, growth opportunities, and risk assessments.

• Lead the annual budgeting process, working closely with department heads to establish targets and ensure alignment with strategic priorities. Develop rolling forecasts to provide real-time insights into financial performance.

• Provide insightful analysis of financial results, identifying trends, opportunities, and risks. Prepare and present comprehensive financial reports and dashboards to senior management and the board of directors.

• Collaborate with cross-functional teams including operations, sales, marketing, and HR to provide financial expertise and support strategic initiatives. Serve as a trusted advisor to business leaders, offering financial insights to drive informed decision-making.

• Establish key performance indicators ("KPIs") and benchmarks to measure business performance and drive continuous improvement. Monitor financial metrics and performance against targets, identifying areas for optimization and efficiency.

• Develop sophisticated financial models to support scenario planning, investment analysis, and strategic decision-making. Evaluate the financial impact of various business initiatives and investment opportunities.

• Build and develop a high-performing FP&A team, providing mentorship, guidance, and professional development opportunities. Foster a culture of accountability, collaboration, and innovation within the team.

• Ensure compliance with financial regulations and internal controls. Assess and mitigate financial risks, implementing appropriate controls and processes to safeguard company assets.

• Collaborate closely with senior leadership and the executive team, particularly the CFO, to ensure that the shared services strategy aligns with the company's overall strategic objectives. Provide regular updates to the executive committee on performance and strategic direction of the company.

• Establish and track key performance indicators (KPIs), regularly reviewing and benchmarking performance against industry standards.

• Develop and execute a talent management strategy including succession planning, leadership development, and recruitment. Identify and nurture high-potential employees within the department.

• Act as a change agent within the organization, championing initiatives to streamline processes, enhance efficiency, and drive cost savings.

• Evaluate, implement, and maintain technology solutions that enhance operational efficiency, such as automation tools, and data analytics.

• Develop and execute strategies that align to the company's working capital metrics to drive cash flow optimization.

• Establishes and maintains solid relationships with business leaders including executive leadership team.

• Manage capital expenditures process, including but not limited to forecasting, budgeting, analysis, modeling, reporting, and approval process on all capital expenditures; provides suggestions of capital investments and long-term impact to business.

• Manage team members across the US and India

EDUCATION, EXPERIENCE AND QUALIFICATIONS:

• Bachelor's degree Finance, Accounting, Economics, or related field; MBA or advanced degree preferred.

• 10+ years of progressive experience in financial planning and analysis, with at least 5 years in a leadership role.

• Demonstrated & practical finance experience including leading large teams, track record of continuous improvement, and ability to lead without direction.

• Strong analytical skills and ability to translate complex financial data into actionable insights. Proven track record of strategic financial planning, budgeting, forecasting, and analysis.

• Comfortable presenting to executive team as well as staff members. Demonstrated financial acumen including strong self-awareness in various meetings and presentation settings.

• Excellent communication and presentation skills, with the ability to convey financial concepts to non-finance stakeholders.

• Demonstrated leadership and team-building skills, with a track record of developing talent and driving results.

• Advanced proficiency in financial modeling and Microsoft Excel; experience with financial planning software (e.g., Hyperion, Anaplan) is desirable.

• Proven ability to influence team members by living corporate cultural beliefs in all you do.

• Ability to travel up to 10%

PHYSICAL REQUIREMENTS:

NOTE: The inability to perform any of the following physical requirements does not preclude an applicant from consideration unless, following an individualized analysis, it is determined that the physical requirement is an essential job function, and the applicant is unable to perform such function with or without reasonable accommodation.

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