Junior FP&A Analyst

Overview

Wealthfront is seeking a Junior FP&A Analyst to become part of its Finance team. This position is ideal for individuals who have a passion for numbers, a foundational knowledge in finance or accounting, and are looking to advance their career in financial planning and analysis. The role involves substantial participation in the month-end close process and focuses on supporting financial reporting, forecasting, and budgeting.

Finance Team at Wealthfront

The Finance team plays a crucial role in monitoring the company’s performance and future prospects. It manages financial reporting, budgeting, forecasting, and month-end closing, and collaborates intensively with the Accounting department to ensure data integrity.

Responsibilities

• Assist in the month-end close by preparing reports, tracking deadlines, and facilitating a timely and smooth closing process.
• Analyze the income statement, balance sheet, and cash flow statement to evaluate business performance and pinpoint key factors.
• Develop detailed variance analyses by comparing actual outcomes to forecasts and prior periods, including explanatory commentary.
• Collaborate with the Accounting team to accurately understand business results and maintain complete financial information.
• Engage with different business units to collect assumptions, learn about forthcoming projects, and reflect these in budgets and forecasts.
• Enhance ongoing reports and seek opportunities to automate or simplify existing workflows.
• Contribute to semiannual budgeting and monthly rolling forecasting processes.
• Update and refine financial models utilized for planning and reporting purposes.
• Analyze trends in the business to clarify changes in financial outcomes.
• Generate recurring analyses to support business planning and decision-making.
• Assist in preparing monthly, quarterly, and annual financial presentations for leadership and external stakeholders.
• Conduct special analyses as needed to address new business queries and support strategic decisions.
• Drive improvements in finance processes, reporting, and workflow efficiency as the company scales.

Qualifications

• Obtained a Bachelor’s degree or equivalent in Finance, Accounting, Economics, or a related discipline, with strong finance fundamentals.
• Have 2 to 4 years of experience in FP&A, accounting, or similar financial roles.
• Possess a thorough understanding of accounting principles and financial statements.
• Experience in financial modeling, especially with three-statement models, is preferred.
• Familiarity with enterprise accounting systems like Netsuite is a plus.
• Experience using Google Workspace is advantageous.
• Knowledge of databases such as SQL is beneficial.
• Aptitude for working in a dynamic environment and self-managing responsibilities.
• Strong organizational abilities to juggle multiple tasks under deadlines.
• Meticulous attention to accuracy and high-quality output.
• Maintain confidentiality and integrity when managing sensitive financial data.

Ideal Candidate Traits

• Interest in deciphering the financial narrative behind business numbers.
• Curiosity and proactive inquiry into reasons behind financial variances.
• Dedication to producing precise work and catching details others might overlook.
• Initiative-taking, urgency-driven, and solution-focused mindset.
• Preference for improving financial models, reports, and workflows rather than only maintaining them.
• Eager to develop robust FP&A expertise while learning from experienced colleagues.
• Enjoys collaborating in a supportive and straightforward team environment.

Compensation and Benefits

The position offers an estimated yearly salary ranging between 94,000 and 109,000 USD, along with equity grants and a discretionary bonus. Additional perks include comprehensive medical, dental, and vision insurance; 401(k) with company match; Employee Stock Purchase Plan; generous paid time off; parental leave; wellness reimbursements; professional growth opportunities; and employee investing discounts.

About Wealthfront

Wealthfront’s mission is to create a financial ecosystem that benefits individuals rather than institutions by leveraging technology to provide low-cost, user-friendly financial products. Starting from automated investment advice tailored to digitally native investors, Wealthfront has grown to offer a broad portfolio of products including high-yield cash accounts, commission-free stock investing, and diverse automated portfolios incorporating tax strategies. Serving over one million clients with over $85 billion in assets, the company continues to innovate and expand its offerings.

Diversity and Equal Opportunity

The company values diversity and is an equal opportunity employer, ensuring non-discrimination across various personal and demographic characteristics.

Legal and Compliance Notice

All investment activities carry risks including potential loss of principal. Wealthfront provides services through authorized subsidiaries and discloses important regulatory and product information regarding account features and insurance coverage.