Manager, Financial Planning & Analysis

Honigman is a premier business law firm, based in Michigan with an international practice. Honigman is consistently recognized as one of the 101 Best and Brightest Places to Work, we earned this recognition by recruiting attorneys and staff members with outstanding credentials. Currently, we are looking for a Manager, Financial Planning & Analysis in our Detroit office. In addition to our Detroit office, we have offices in Grand Rapids, Lansing, Ann Arbor, Bloomfield Hills, Kalamazoo, Chicago, IL., and Washington D.C. With more than 350 attorneys working in 60 different areas of concentration, Honigman provides timely and cost-effective counsel to clients in numerous industries. SUMMARY The Manager of Financial Planning & Analysis (FP&A) is responsible for managing the partner compensation process, budgeting, forecasting and other financial planning processes. This role will also play a critical part in assisting with profitability analyses including practice group and other strategic initiative financial analysis that enables and supports the Firm’s overall financial performance. This role requires a highly analytical and strategic thinker who can provide actionable insights to drive financial performance and support strategic decision-making. Utilization of technology and strong analytics to drive decision-making will be instrumental in this role. RESPONSIBILITIES Manage the compensation process for attorneys (associates, of-counsel), partners (equity and non-equity) and professional track members. Prepare compensation-related materials for committee meetings and presentations. Develop comprehensive key performance indicators including creditable hours that allow compensation analysis and inform Compensation Committee decisions. Collaborate with Compensation Committee, Attorney Development & Recruitment, Department Leads and Payroll team to communicate timely updates and ensure alignment. Prepare year-end compensation statements factoring in taxes, capital and home loans and draw schedules. Conduct comprehensive financial analyses to determine the amounts of partial year-end distributions for equity partners. Gather relevant financial data to determine estimated unit value. Setup and maintain independent contract computational files for payroll. Monitor for budget overruns. Facilitate in the preparation and monitoring of compensation budgeting and projections. Oversee internal and external reporting relating to covenant reporting, surveys (bank, government, etc.). Coordinate closely with the Tax and Payroll departments to ensure the accurate calculation and processing of taxes and partner draws. Develop year-end communications to equity partners including the key and code. Conduct in-depth unit analysis and provide units reports. Prepare and distribute letters of confirmations outlining compensation and capital balances for equity partners, as required. Develop best-practice models to provide financial and strategic analysis for various initiatives, including pricing, profitability, practice group analytics etc. Identify areas of improvement and provide recommendations to enhance profitability. Oversee the annual budgeting and monthly reporting process, including the development of detailed budget models. Direct financial analysis reporting for various practice groups within the organization and support practice groups in financial decision-making and strategic planning. Lead, manage, mentor, and develop a team of FP&A professionals. Foster a culture of continuous improvement and professional development within the team. Lead special projects and ad-hoc financial analyses as required. QUALIFICATIONS Bachelor’s degree in Finance, Accounting, Economics, or a related field; MBA or CPA preferred. Minimum of 7-10 years of experience in financial planning and analysis, preferably in a leadership role. Strong understanding of financial principles, budgeting processes, and pricing strategies. Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights. Proven track record of driving financial performance and achieving business objectives. Exceptional leadership and team management skills. Advanced proficiency in financial modeling, forecasting, and financial analysis tools. Excellent communication and presentation skills, with the ability to convey complex financial information to non-financial stakeholders. Strong problem-solving skills and the ability to work in a fast-paced, dynamic environment. KEY COMPETENCIES Strategic Thinking Leadership and Team Management Analytical Skills Communication and Presentation Skills Problem-Solving Ability Collaboration and Teamwork REQUIREMENTS Must be authorized to work in the United States without employer sponsorship now or in the future This position is not eligible for visa sponsorship Pay Range and Compensation Package Honigman provides a generous total compensation package, which includes comprehensive health and well-being benefits, as well as 401k and profit sharing. The anticipated annual pay range for this role is $140,000 to $166,000 (exempt). The actual offered pay rate will be determined based on various factors, including qualifications, experience, geographic location, education, external market data, and internal equity considerations. Benefits & Additional Information Successful candidates will enjoy an exceptional career opportunity within a welcoming environment. Eligible employees can also take advantage of Honigman’s comprehensive benefits program, highlights of which are below: Healthcare, life and disability insurance 401K and profit sharing Generous All Purpose Leave (APL) program that increases with tenure Well-being programs (e.g., mental health services, medical resources, and more) Learning and development programs For more information, click on “Our Benefits” when you visit: Honigman is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex, age, national origin, veteran status, marital status, sexual orientation, disability or any other category prohibited by applicable local, state or federal law. This policy applies to all aspects of employment, including recruitment, placement, promotion, transfer, demotion, compensation, benefits, and termination . #J-18808-Ljbffr Honigman LLP