Sr. Financial Analyst- Operations - Plymouth, MN
December 7, 2022
JOB SUMMARY/ SCOPE OF RESPONSIBILITY:
The Senior Financial Analyst – Operations will be responsible for developing and maintaining financial models for decision support, assisting with forecasting the company’s operational costs, analyzing actual financial results, creating dashboards and automated reports to support financial needs of operations, and conducting ad hoc analyses as needed.
The incumbent is responsible for self-direction of his/her work with very limited supervision.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Create and maintain financial models for decision support.
- Act as the key user for operations financial reporting development using business intelligence tools and advanced Excel.
- Compile financial and other key performance data into management dashboards.
- Review actual financial performance vs. plan/forecast and provide insight into key drivers.
- Report on actual financial performance vs. initial expectations for assigned business cases.
- Prepare manufacturing vs. distribution analysis monthly and update forecasts.
- Monitor and forecast capital spending across all locations.
- Support Plant Controller with monthly financial reporting and analysis for operating review.
- Provide financial support, cost control and analysis for Turck USA operations. Financial support may include but is not limited to analysis and reporting of inventory and operations costs for US plants, review of financial justification for capital expenditures, business process change or project financial analysis and cost reduction justification support.
- Support monthly financial close activities for US plants and monitor timing of operations transactions and invoices to ensure compliance with accounting rules.
- Support budgeting and forecasting efforts for US operations.
- Analyze and document business processes and ensure that financial models used for decision support reflect current business activities.
- Partner with TUSA operations to design and implement procedures that ensure effective process controls. Participate in periodic inventory valuation analyses for the US plants.
- Further develop and optimize monthly financial management reporting. Analyze results, trends, correlations to non-financial KPI’s, sales, margins, and present findings.
- Participate in continuous improvement and new developments of Turck’s management information systems. Work with IT to optimize existing systems to facilitate decision support.
- Continuously identify opportunities to provide enhanced insights into the business and drive efficiency and profitability.
- Ad-hoc financial analysis and participation in special projects as requested by management.
- Collaborate with colleagues in Mexico to ensure consistent treatment of financial KPIs and business models.
- Conduct periodic ad hoc analyses and special projects and perform other related duties as assigned.
QUALIFICATIONS:
Education:
Bachelor’s Degree in Accounting, Finance or equivalent. MBA a plus.
Experience:
- Minimum 7 years of experience including 3+ years of experience as a financial analyst for a manufacturing company.
- Demonstrated exposure and experience with manufacturing financial analysis and decision support. Lean manufacturing experience a plus.
- Detail-oriented, self-directed, analytical with demonstrated curiosity and ability to analyze interdependencies of a manufacturing business.
- Must be organized and able to prioritize multiple responsibilities to meet deadlines while maintaining accuracy, quality, and quantity of work performed.
- Advanced user of both SAP and Excel. SAP implementation experience at a manufacturing company and SAP BI / Analysis for Excel strongly preferred.
- Proficiency in MS office applications with ability to learn new software quickly.
- Excellent communication skills with the ability to reason and influence at all levels. Ability to be both assertive and diplomatic depending on situation.
Select Country
Turck worldwide