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Jamie Genge: Winning Big with Monte Carlo analysis in FP&A

Jamie Genge: Winning Big with Monte Carlo analysis in FP&A

FromFP&A Today


Jamie Genge: Winning Big with Monte Carlo analysis in FP&A

FromFP&A Today

ratings:
Length:
34 minutes
Released:
Aug 17, 2022
Format:
Podcast episode

Description

More FP&A teams should take advantage of the secret power of Monte Carlo simulations, argues Jamie Genge, Head of Financial Planning and Analysis at the UK’s National Physical Laboratory (NPL).
Genge runs FP&A at the NPL which employs 775 scientists to provide research in science, engineering and technology to support scientific and commercial innovation in the UK. Some of the world’s most significant innovations have origins at NPL, including radar; packet switching, the forbearer of the internet; the ACE computer; and the cesium atomic clock.
Jamie’s start began studying Human Geography before moving to audit at PwC. Jamie went to work for the National Physical Laboratory in the UK where over 11 years he has held multiple roles, including his current role as head of financial planning and analysis for the National Physical Laboratory (NPL). 
In this wide-ranging interview Jamie provides his take on
Moving from audit to FP&A
How FP&A acts as bid support in governmental organizations such as the NPL
His passion for Monte Carlo analysis,  a mathematical technique to account for risk and upside in decision making
How Monte Carlo is used in the sales funnel, with examples from NPL
How NPL conducts its budget and forecasting
Bottom up vs Top Down budgeting 
The pride of building a team in FP&A as one of the greatest career achievements
The challenges and opportunities in FP&A at this crossroads
Jamie’s gardening project as an analogy for FP&A

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Read the Full Program Transcript
Watch the Full Episode on YouTube
To suggest a great guest for the show, or if you would like to be the FP&A Leader being interviewed contact jonathan.m@datarails.com
Released:
Aug 17, 2022
Format:
Podcast episode

Titles in the series (100)

FP&A Today is the podcast for Financial Planning and Analysis. The weekly show dives into the challenges and opportunities within the world of FP&A, interviewing FP&A leaders, CFOs and other finance pros in order to give you the freshest insights and takeaways. Each week our top guests provide actionable advice about financial planning and analysis – from career goals to navigating challenges, and powerful Excel tips. Our weekly show provides unrivalled insights for navigating FP&A. FP&A Today is brought to you by Datarails. Datarails is the AI-powered Financial Planning and Analysis platform for Excel users.