Principal Financial Planning Analyst (FP&A) Analyst - Salary & Benefits Planning

Analog Devices, Inc.-posted about 1 month ago
$122,250 - $183,375/Yr
Full-time • Mid Level
Wilmington, MA
5,001-10,000 employees
Computer and Electronic Product Manufacturing
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This high-impact Principal Financial Planning Analyst role is responsible for leading the forecasting and analysis of headcount and salary expenses across Analog Devices Inc. (ADI), with a strategic focus on process redesign for headcount and benefits planning. The analyst will serve as a finance business partner to executive leadership, driving insights and recommendations that shape workforce investment decisions and support enterprise-wide financial agility. This role blends deep financial acumen, advanced analytics, and project management skills to deliver scalable solutions and continuous process improvements.

  • Lead the forecasting, trend analysis, and narrative development for total ADI headcount, benefit, and salary expenses.
  • Collaborate with HR, business units, and functional stakeholders to ensure alignment and transparency in workforce planning and execution.
  • Apply advanced analytics to uncover short- and long-term trends in headcount, compensation, and benefits.
  • Deliver timely, data-driven insights to senior leadership, highlighting risks, opportunities, and actionable recommendations.
  • Drive a project-based initiative to redesign the headcount and benefits planning process, focusing on automation, standardization, and scalability.
  • Partner cross-functionally with HR, Corporate FP&A, Global Operations, and IT to map current processes, identify pain points, and implement best practices.
  • Develop and maintain dynamic dashboards and reporting packages that track key workforce KPIs and support decision-making.
  • Champion enhancements in forecasting, reporting, and planning processes to elevate the FP&A function and support enterprise-wide financial agility.
  • Lead targeted financial analyses on strategic initiatives, market dynamics, and operational challenges related to workforce investments.
  • Provide decision support through deep dives into business issues and scenario modeling for headcount and benefits.
  • Benchmark performance against industry standards to ensure optimal resource utilization.
  • Effectively communicate and collaborate with executive leadership and cross-functional teams.
  • Drive automation and efficiency improvements in headcount and benefits forecasting.
  • Minimum 10+ years of professional experience in financial analysis or FP&A.
  • Strong analytical skills with the ability to interpret complex financial and workforce data, independently develop insights, and provide actionable recommendations.
  • Expert in financial modeling through Excel, Anaplan, and financial analysis tools; experience with SAP and business intelligence tools (Qlikview, Tableau, PowerBI) preferred.
  • Excellent written and verbal communication skills, with the ability to present financial data and insights to senior management and non-financial stakeholders.
  • High level of accuracy and attention to detail, especially when analyzing workforce trends and financial reports.
  • Proven project management skills, with the ability to lead multiple projects simultaneously in a dynamic environment.
  • Ability to challenge status quo and execute improvements in processes.
  • Proficient with MS Excel, Word, and Power Point
  • Bachelor's Degree - preferably in Finance, Accounting or Business Administration, MBA preferred
  • 10+ years professional related experience
  • Knowledge of SAP preferred
  • Knowledge of business intelligence tools (Qlikview, Tableau, PowerBI) preferred
  • medical, vision and dental coverage
  • 401k
  • paid vacation, holidays, and sick time
  • discretionary performance-based bonus
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