Manager of Financial Planning, Kaman Aerospace Corporation

Christian is a Manager of Financial Planning for Kaman Aerospace Corporation, an aerospace manufacturing company with locations throughout the country. Christian’s main responsibility is to create a detailed annual operating plan for the manufacturing business to use as a financial guide. Throughout the year Christian is submitting additional supplementary management reports and continually updating the forecast to give the production plants the most accurate and current financial data.

Transcript

So my name is Christian Bruckner, I am the manager of financial planning for Command Aerospace. So my role in financial planning and analysis is, and it's a manufacturing environment, so typically it starts with a five year strategic plan that happens around in July, August timeframe and what you're doing is looking out, what's going to happen to the business over the next five years after you've finished the current year? Towards the end of the year, we then take that information and we get a little more granular on the following year, and we create what's called the annual operating plan. So it's taking that and boiling it down, distilling it down to much more detailed information. Then throughout the year what we do is, we do interim reporting, internal management reporting and continually update this forecast throughout the year. Whenever there's an investment decision that needs to be made, so maybe an R&D investment, moving into a new product line, or maybe a capital investment, so that's going and buying new plant and equipment, so the bigger type purchases, we have to create a business case, or it's someone on my team creating a business case and I'm just reviewing it. So there's a lot of work that's involved in that. So it's do I believe all of the assumptions that are made, and do I believe that it's coming out into a business case that I would sign up for when we go to the next level management, to the executive management. So is it something that I can support? So those projects they might last a couple of months from that initial request of, hey we wanna go spend money, the business wants to go spend money, between that and when we actually have a solid financial model, a solid business plan to go forth to the next level management.

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