Job Summary:

The Human Capital Financial Planning Analyst plays a critical role in aligning workforce strategies with financial objectives. This position involves analyzing workforce data, forecasting personnel costs, and supporting strategic decision-making related to human resources. The analyst collaborates with HR, finance, and senior leadership to optimize the organization’s human capital investments while ensuring budgetary compliance and long-term sustainability.

 

Key Responsibilities:

1. Financial Planning & Budgeting

:• Develop and manage personnel expense forecasts, including salaries, benefits, and other workforce-related costs.

• Support the annual budgeting process by analyzing headcount trends, compensation changes, and workforce initiatives.

• Identify and report variances between actuals and forecasts, providing recommendations for corrective actions.

 

2. Workforce Data Analysis:

• Analyze workforce metrics, including turnover rates, headcount changes, and productivity measures, to identify trends and cost-saving opportunities.

• Provide insights into workforce allocation, staffing needs, and organizational capacity.

 

3. Strategic Workforce Planning:

Collaborate with HR to assess the financial impact of talent acquisition, retention strategies, and workforce development programs.

• Develop long-term workforce financial models to align with organizational goals and market trends.

• Support scenario planning for workforce changes, such as mergers, expansions, or downsizing.

 

4. Reporting & Decision Support:

• Create dashboards and reports to communicate workforce financial performance to key stakeholders.

• Present findings and recommendations to senior leaders, providing data-driven insights to support strategic decisions.

 

5. Compliance & Risk Management:

• Ensure compliance with financial policies, labor laws, and regulations related to workforce planning and budgeting.

• Monitor risks associated with workforce costs and provide mitigation strategies.

 

Qualifications:

Education:

Bachelor’s degree in Finance, Economics, Human Resources, Business Administration, or a related field.

 

Experience:

• 1–5 years of experience in financial planning, workforce analytics, or related fields preferred

• Experience in using financial modeling and data analysis tools (e.g., Excel, Tableau, Power BI, SAP, or similar).

 

Skills & Competencies:

• Strong analytical skills with the ability to interpret complex data and provide actionable insights.

• Experience in financial forecasting, budgeting, and scenario planning.

• Knowledge of HR processes and workforce planning strategies.

• Excellent communication and presentation skills, with the ability to influence stakeholders.

• Strong problem-solving and critical-thinking abilities.

 

Preferred Competencies:

• Familiarity with HRIS systems and workforce management platforms.

• Experience in working within large, complex organizations.

• Knowledge of industry-specific workforce trends and challenges.