October 11, 2022

Larysa Melnychuk: Becoming the Agent for Change in FP&A

47 minutes

It is fair to say that Larysa Melnychuk did not have the expected start to a career which has since seen her emerge as the biggest transformational force in the FP&A profession

Larysa was born in the former USSR in Siberia to a Ukrainian family. Opportunities in the USSR were limited. She was resigned to give up on her childhood dream of international travel (“It was absolutely certain that I would never be able to travel.”). Eventually, Larysa and her family moved to Ukraine where she studied engineering.

However, it was her skills in finance that brought her opportunities.

She moved to the UK more than two decades ago through a British government initiative for talented finance immigrants that set her on her career.

In the UK, she gained a chartered management accountant from CIMA and spent 15 years leading FP&A teams including at a subsidiary of HSBC Bank and at multinational engineering company Invensys (now part of Schneider Electric).

Today, as founder and CEO at FP&A Trends Group and the International FP&A Board, Larysa is pushing FP&A to new levels, having launched 27 chapters across 16 countries hosting webinars, posting resources and championing the industry.

In this episode Paul Barnhurst speaks with Larysa about:

Her career from the USSR to international finance leadership

Definitive new findings around the real impact of the pandemic on FP&A

Scenario management compared to scenario planning

How to assess FP&A maturity in your organization

The new role of FP&A Data Scientist and how to get there

How companies including Microsoft, Swiss RE, and Deutsche Bank are capitalizing on of AI to change their FP&A approach

Best practices towards using external data to forge new FP&A analysis

How the horror of war in Ukraine has affected her personally and impacts her perspective

Why it is vital for anyone starting in FP&A to be the Agent for Change, rather than complain about routine

To contribute to the charities that FP&A Trends support for Ukraine follow the following links.

National Bank to raise funds for the army - https://bit.ly/3sPWRHW

Leleka Foundation - US-based, volunteer-run non-profit organization helping people affected by the armed conflict in Ukraine - https://bit.ly/3IS30sn

Children's hospital Ohmadid: https://fonddopomoga.org.ua/en/all-project-list/okhmatdet/

About FP&A Trends

FP&A Trends Group is a high-profile thinktank whose mission is to identify and share the latest trends and best practices in modern Financial Planning and Analysis (FP&A).

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FP&A Today is brought to you by Datarails.

Datarails is the financial planning and analysis platform that automates data consolidation, reporting and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models.

Get in touch at www.datarails.com

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By Glenn Hopper

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