Overview of the FP&A Analyst LEAP Assessment
The FP&A Analyst LEAP Assessment is designed to evaluate candidates’ competency in financial planning, budgeting, forecasting, and strategic decision-making. Through a standardised test, it measures technical knowledge, practical problem-solving abilities, and role-specific traits, helping hiring managers make informed, data-driven decisions.
Target Audience: Employers hiring for roles such as Junior FP&A Analyst, FP&A Analyst, Senior FP&A Analyst, and FP&A Manager.
Key Features of the FP&A Analyst LEAP Assessment
Skills Assessment
- A large question bank of over 1,500 role-specific questions.
- Each question must be answered within 30 seconds.
- Total assessment duration: 15 minutes.
Competency Model and LEAP Scores
Each candidate is assigned a LEAP Score (000-1000) based on their performance:
- 000-200 (Novice): Ideal for Trainees or entry-level roles, focusing on fundamental financial concepts and data analysis.
- 201-400 (Experienced): Suitable for Junior FP&A Analysts; evaluates forecasting, variance analysis, and budgeting skills.
- 401-600 (Competent): Reflects readiness for FP&A Analyst roles, demonstrating independent analytical and financial modelling abilities.
- 601-800 (Proficient): Indicates advanced expertise for Senior FP&A Analysts, including strategic financial planning and stakeholder reporting.
- 801-1000 (Expert): Reserved for FP&A Managers, demonstrating strong leadership, scenario modeling, and executive decision support skills.
Trait-Based Evaluation
- Conceptual Understanding: Understanding of core FP&A principles, including financial forecasting, budgeting, and profitability analysis.
- Scenario Application: Applying financial concepts, tools, and techniques to solve real-world financial planning challenges.
- Tools, Methods, and Frameworks: Questions are designed to assess the understanding and application of financial modelling tools (e.g., Excel, Power BI, Hyperion) and forecasting techniques.
- Regulations: Assesses the understanding of financial compliance, corporate finance principles, and industry regulations relevant to FP&A roles.
Why Use the FP&A Analyst LEAP Assessment?
- Standardized Hiring: Simplifies the evaluation of candidates across varying experience levels.
- Workforce Planning: Helps identify current competencies and career progression opportunities within the FP&A job family.
- Efficiency: With a short 15-minute duration, hiring managers can quickly assess a candidate’s potential.
- Scalability: Supports recruitment at all levels, from Junior FP&A Analysts to FP&A Managers.
- Test Repeatability: The assessment’s adaptive format and large question bank allow for re-administration during face-to-face or video interviews, enabling hiring managers to confidently verify results.
How to Use the LEAP Scores in Hiring
- Novice to Experienced Scores (000-400): Suitable for onboarding entry-level or junior professionals who require guidance.
- Competent to Proficient Scores (401-800): Indicates readiness for mid-level to senior roles requiring minimal supervision.
- Expert Scores (801-1000): Identifies strategic thinkers ready for leadership roles, and capable of driving financial and business decisions.
Ready to Optimise Your Hiring Process?
Use the FP&A Analyst LEAP Assessment to gain actionable insights into candidates’ capabilities, ensuring data-driven and efficient hiring decisions.