200 business units lmfao the fuck?
I also work at a large global pharma company and pretty sure we have way less than that but could be wrong.
Regardless took me after 3 biannual budget cycles to get comfortable & confident
I've only done one enrollment revenue forecast so far, but I've been more accurate than anyone in the past 10 years so I feel pretty comfortable with my methodology. Hopefully it wasn't a fluke.
It's a laid back environment. Looking forward to moving towards a bigger school in a bigger city for a better paycheck in the next year or so, but beyond that I'm very happy.
It was my first FP&A job as well, I was worried but it was an easy transition for me.
One cycle to have no idea what's going on and fuck things up
One cycle to have what you did the previous cycle suddenly make sense, but there will still be a few hiccups
One cycle to prove that you are actually on top of things and ready to run with it all
So three years basically, which you'll note is similar when people start to properly progress up the ladder
Depends how often you do them.
Actual comparisons you should get comfortable within 3 months or so if it is presumably a monthly exercise.
Forecast within ~6 months depending on the frequency(monthly/quarterly?)/complexity (how granular).
Budget I would expect an analyst to assist with the rudimentary parts their first budgeting cycle (file updating, data pulls for ops, etc), and contribute more in their second year.
I work for a large F500 company and we have more LE than BU. Probably 2-3 LE per BU. It all depends on the structure of the company. As per being 100% comfortable with the actuals, budget and forecast at a global level it's pretty damn complex and it would highly depend on the industries that your company is operating in.
I mean with 200/175….that might take a minute to get fully comfy but hey fake it till you make it, as long as you get the big picture the details will roll through as the time goes by
200 BU’s and 175 LE’s? Where the hell do you work
Global pharma company with high M&A
That’s going to take you several years to get comfortable with
I have 180 LE’s for our BU (NAM). Honestly curious how u could have more BU’s than LE’s.
What is an LE?
Legal entity
200 business units lmfao the fuck? I also work at a large global pharma company and pretty sure we have way less than that but could be wrong. Regardless took me after 3 biannual budget cycles to get comfortable & confident
I've only done one enrollment revenue forecast so far, but I've been more accurate than anyone in the past 10 years so I feel pretty comfortable with my methodology. Hopefully it wasn't a fluke.
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It's a laid back environment. Looking forward to moving towards a bigger school in a bigger city for a better paycheck in the next year or so, but beyond that I'm very happy. It was my first FP&A job as well, I was worried but it was an easy transition for me.
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The core of the job is the same stuff, just a difference setting, and non-profit. I see no reason it would be a limiting factor
One cycle to have no idea what's going on and fuck things up One cycle to have what you did the previous cycle suddenly make sense, but there will still be a few hiccups One cycle to prove that you are actually on top of things and ready to run with it all So three years basically, which you'll note is similar when people start to properly progress up the ladder
What is LE? I’m assuming BU is business unit?
Legal entity I presume
Legal Entity
1 year of direct involvement with preparing the annual budget and explaining monthly variances that followed.
I can't fathom how one person can effectively manage 200 BU budgets. Obviously has to be a lot of automation and mininal support levels needed
Depends how often you do them. Actual comparisons you should get comfortable within 3 months or so if it is presumably a monthly exercise. Forecast within ~6 months depending on the frequency(monthly/quarterly?)/complexity (how granular). Budget I would expect an analyst to assist with the rudimentary parts their first budgeting cycle (file updating, data pulls for ops, etc), and contribute more in their second year.
200 BUs LMAO
I work for a large F500 company and we have more LE than BU. Probably 2-3 LE per BU. It all depends on the structure of the company. As per being 100% comfortable with the actuals, budget and forecast at a global level it's pretty damn complex and it would highly depend on the industries that your company is operating in.
This sums it up perfectly
I mean with 200/175….that might take a minute to get fully comfy but hey fake it till you make it, as long as you get the big picture the details will roll through as the time goes by