In this episode of Financial Modelers Corner, host Paul Barnhurst, aka The FP&A Guy, looks into the transformative impact of Artificial Intelligence on financial modeling. The discussion explores how AI is reshaping the industry, the challenges and opportunities it brings, and what financial modelers can expect in the coming years.
Kenny Whitelaw-Jones who is the founding partner at Gridlines joins the show. As a leading expert in project finance modeling, Kenny has played a pivotal role in shaping financial modeling standards globally. With over a decade of experience training blue-chip clients and developing complex models, he brings invaluable insights into how AI is poised to revolutionize financial modeling.
Expect to Learn:
- How AI is expected to significantly impact financial modeling, with Kenny's recent industry survey.
- The current limitations of AI tools like ChatGPT in financial modeling and where they excel.
- How project finance modeling differs from other types of financial modeling, and why Kenny finds it exciting.
- The importance of soft skills and communication in the evolving role of financial modelers.
- The future skills financial modelers will need to stay ahead in an AI-driven world.
Here are a few quotes from the episode:
- "In the future, the routine tasks will be automated, and modelers will focus more on strategic, value-adding activities."
- "Being a good modeler isn’t just about Excel skills. It’s about interpreting data and communicating results effectively."
- "The change AI brings is inevitable because as soon as we can imagine it, someone will figure out how to make it happen."
As AI continues to evolve, it's clear that financial modeling is on the brink of a major transformation. Kenny Whitelaw-Jones shared not just the technical impacts we can expect from AI, but also how the role of financial modelers will shift toward strategic thinking, business interpretation, and effective communication. While tools like ChatGPT and Copilot are making waves, it’s the human element that will remain irreplaceable.
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In today’s episode:
[01:46] – Meet Kenny Whitelaw-Jones
[02:35] – The Worst Financial Model Encountered
[05:43] – Why Project Finance and Renewables?
[10:04] – Survey for AI in Financial Modeling
[14:58] – ChatGPT vs. Copilot
[18:57] – Excel Innovations & the Future of Modeling
[22:34] – The Future of Financial Modeling with AI
[26:50] – Soft Skills & the Evolving Role of Financial Modelers
[33:51] – Rapid-Fire Round
[40:51] – Life Beyond Financial Modeling
[43:48] – Final Thoughts & How to Connect with Kenny
