HOW FINANCIAL MODELLING CAN HELP YOU MAKE A STEP CHANGE IN YOUR CAREER ?
MY CAREER JOURNEY
Finance Partner and leader
Financial Modelling Consultant & CFO
Intermediate Excel, Limited FM
Analytical Review, Substantive testing
Advanced Excel, Intermediate FM
M&A, Advisory Transaction Modeler
Advanced Excel & FM
Forecasting, and strategic planning for $5bn Debt Markets division (Revenue circa $220m)
Spreadsheet disruption and automation
Social Benefit Bond Modelling
Expert Financial Modeler
Sustainable and scalable modelling across multiple industries and companies.
Applying modelling skills to a fintech start-up.
Financial Modelling (FM) Skill
HOW CAN YOU CHANGE?
1. Its you that wants to make a change, but its also you thats your biggest obstacle
2. You cant figure it out by figuring it out
3. Act it out, dont figure it out
4. Do it with others, not alone
5. Look for a career not a job
6. Look for people that will support you , not hold you back
"To know and not to do is not yet to know." Buddhist proverb.
FINANCIAL MODELLING (its not all about Excel !)
The art and science of solving complex problems both in the past and future.
Its not just about Accounting & Finance
It not all about Excel.
Best Practice Modelling, FAST & SMART
Its also about Business and the underlying logic
Its the process and skills of finding that solution amongst a lot of uncertainty whilst also dealing to the above.
Communicate your results succinctly and be ready to justify it and explain drivers.
WHY CHANGE THE JOB/CAREER YOU HAVE TODAY?
Financial Analysts and Advisors are one of the 5 jobs that have already been taken by computers according to Fortune Magazine Automated services that are replacing personal financial advisers, financial planners and stockbrokers. Predictive systems, big data, and computing power combine to provide an idea tool for analyzing and predicting the behaviour of investments.
"We are approaching the time when machines will be able to outperform humans at almost any task. Society needs to confront this question before it is upon us: if machines are capable of doing almost any work humans can do, what will humans do? - Moshe Vardi, a computer science professor at Rice University in Texas
The machines of the Industrial Revolution overcame the limitations of human muscle, while the robots and artificial intelligence of today are overcoming the limitations of our individual minds. Business Insider Australia
THE MANY FACES OF FINANCIAL MODELLING
Accountant & Auditor
Analytical ReviewReasonableness testingValuation modelling Model audit and testing
Specialist Modeller (Actuary & IB)
Debt & Equity Capital Markets IssuanceCorporate Finance & Advisory
Actuarial & Statistical Predictions Infrastructure & Property Development
Economic modellingFinancial Markets & Derivatives Quant
Derivatives trader Market Risk Quantitative Analysis
Management & Financial ReportingForecasting & PlanningFinancial analysis of strategic decisionsAcquisition, disposal and restructuring business
Financial Modelling Consultant
Cross industry capabilityTraining and developing others
Normally has a strength in specific sectorsBusiness Modelling team (Big 4 Accounting firm)
SOME TIPS TO BECOMING AN EXPERT MODELLER?
1. Training (if you havent done a course recently perhaps its time).
2. Try past questions of www.modeloff.com , compete or attend one of the upcoming GTC events.
3. Google, YouTube, Chandoo, Twitter etcetcso much more sharing of Excel.
4. Lose the mouse and use shortcuts !
5. Practice, practice, practice.