Financial Modeler's Corner14 Mar 2024

Shaping Business Strategy: Ian Bennett's Insights on What Makes for a Great Financial Modeler

Welcome to the Financial Modeler's Corner (FMC), where we discuss the art and science of financial modeling with your host Paul Barnhurst. Financial Modeler's Corner is sponsored by the Financial Modeling Institute (FMI), the most respected accreditation in Financial Modeling globally.

In this episode, Paul is joined by Ian Bennett, Partner, Deals Modelling team at PwC, Australia.

With over 20 years of experience as a professional financial modeler, Ian has constructed and assessed models critical for major transactions, infrastructure projects, and routine forecasting and reporting. Today Ian leads the deal modeling practice for Pwc Australia.

In addition to being a world-class Modeller Ian is incredibly dedicated to diversity, inclusion, and wellbeing (DI&W). This has propelled him through various positions within PwC and beyond. As a proud LGBTIQ+ ally, he serves on the Steering Committee of Shine@PwC, the firm's LGBTIQ+ employee network, and currently holds the role of wellbeing lead for the Financial Advisory business.

In this episode, expect to learn:

Why understanding the stakeholders involved in a project is vital
Why it's essential to listen actively to clients, understand their needs, and ask the right questions
How to analyze the success and effectiveness of the financial modeling process
What are the tools and technologies available in the market
What are the new technologies and methodologies for financial modelers to stay effective and successful in their roles

Quotes:

“You need a desire to understand the power of the things you have in front of you and not be scared.”

“Every model tells a story, and that story is known at the start of the project, and the questions that the model will be able to answer.”

“Models are built for a single primary purpose at the time that they are conceived’

Sign up for the Advanced Financial Modeler Accreditation or FMI Fundamentals Today and receive 15% off by using the special show code ‘Podcast’.

Visit www.fminstitute.com/podcast and use code Podcast to save 15% when you register.

Go to https://earmarkcpe.com, download the app, take the quiz and you can receive CPE credit.

Follow Ian Bennett:

Linkedin: https://www.linkedin.com/in/ianrbennett

Website: https://www.pwc.com.au/deals/modelling.html

Follow Paul:

Website - https://www.thefpandaguy.com/

LinkedIn - https://www.linkedin.com/in/thefpandaguy/

TikTok - https://www.tiktok.com/@thefpandaguy

YouTube - https://www.youtube.com/@thefpaguy8376

Follow Financial Modeler's Corner

LinkedIn Page- https://www.linkedin.com/company/financial-modeler-s-corner/

Newsletter - Subscribe on LinkedIn- https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7079020077076905984

In today’s episode:

00:20: Introduction

01:10: Problem that bettered Ian

03:00: Ian’s insights on financial models

05:18: Ian’s story

07:13: What is MFM and why did Ian pursue it?

08:35: Ian’s experience in the Global Excel Summit

10:49 Why Ian is passionate about financial modeling

11:52: Ian’s favorite industry that he likes to model

13:13: What makes a good financial modeler?

16:49: Things beyond the model that help in a project?

22:05: Approach and methodology

27:00: Tools beyond Excel

34:40: Technical nugget when building new models

36:50: Rapid fire

39:08: Ian’s favorite function

45:00: Ian’s advice to become a better financial modeler

45:36: Wrap up

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(153)

Stop Letting AI Do All Your Thinking in Financial Modeling with Danielle Stein-Fairhurst

In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Danielle Stein Fairhurst to discuss how AI is reshaping financial modeling, what modelers need to do to stay relevant,...

13 Okt 20min

AI, Excel and the Changing Role of Financial Modelers with Danielle Stein Fairhurst

In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Danielle Stein Fairhurst to discuss how AI is changing financial modeling, why modelers need to keep learning, and how...

6 Okt 49min

Poker, Probability, and Financial Modeling with Dan Mayoh

In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Dan Mayoh to discuss his career in financial modeling, lessons from model auditing, and why he sees Excel as one of th...

29 Sep 46min

Financial Modeling, Deal Making, and the Skills Every Analyst Needs with Oren Klaff

In this episode of Financial Modeler’s Corner, host Paul Barnhurst sits down with Oren Klaff, Private Equity Fund Manager and bestselling author of Pitch Anything, to discuss how financial modeling ca...

22 Sep 20min

Building AI for the Top 1% of Excel Users with Peter Fuller

In this episode of Financial Modeler’s Corner, the Mod Squad, Ian Schnoor, Giles Male, and Paul Barnhurst, speak with Peter Fuller about AI-powered financial modeling and the rapidly changing future o...

15 Sep 50min

Pitch Anything's Oren Klaff: From Spreadsheet to Deal Table

In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Oren Klaff about how financial modeling can become a powerful tool for deal-making, investment decisions, and career growth. O...

8 Sep 49min

Why AI Makes Financial Modeling Best Practices More Important with Marli van Staden-Basson

In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Marli van Staden-Basson about best-practice financial modeling, AI, model design, and the skills needed to build reliable mode...

1 Sep 53min

What Separates an Excellent Financial Modeler From a Technically Good One with Diarmuid Early

In this episode of Financial Modeler’s Corner, Paul Barnhurst speaks with Diarmuid Early about what separates great financial modelers from technically capable ones, the rise of AI in financial modeli...

25 Aug 49min