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

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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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