Senior Financial Analyst

Position Objective

The Senior Financial Analyst is key in multisite financial operations, assisting with cost accounting, budgeting, and financial reporting. This position ensures accuracy in standard costing, supports month-end closing processes, prepares key financial analyses, and provides data-driven insights to optimize financial and operational efficiencies across plants.

Essential Duties and Responsibilities

• Standard Costing: Calculate and validate standard costs for products and services across multiple sites, ensuring accuracy and consistency.
• Financial Forecasting and Budgeting: Assist in preparing monthly forecasts and annual budget planning, providing crucial support to the Plant Controller in aligning financial goals with operational performance.
• Invoicing and Reconciliation: Prepare monthly customer invoices, conduct thorough invoice reconciliations to resolve discrepancies, and ensure accurate billing and customer satisfaction.
• Month-End Closing Support: Actively participate in the month-end close process, ensuring all accounting entries and reconciliations are completed to meet reporting deadlines.
• Key Performance Indicator (KPI) Reporting: Develop and maintain KPI reports that provide insights into cost drivers, production efficiency, and financial health. Analyze KPI trends and identify areas for improvement.
• Cost Analysis Projects: Conduct in-depth cost analysis projects to identify opportunities for cost savings, streamline processes, and improve financial controls.
• Labor and Expense Reviews: Regularly review labor costs, including engagement with temporary staffing agencies, to ensure adherence to budgeted labor expenses. Conduct department-level expense reviews, identifying opportunities for cost efficiency.
• Process Improvement: Actively contribute to the enhancement of financial controls, accounting processes, and business operations. Support initiatives to automate reporting and streamline cost accounting practices.
• Multisite Support and Collaboration: Provide cross-functional support to cost accounting teams at other locations, ensuring consistency in financial practices, especially in QAD reporting and compliance.
• Journal Entry Preparation: Prepare and enter journal entries as needed for financial adjustments, corrections, and reconciliations.
• Compliance: Ensure adherence to financial policies, regulations, and company standards, maintaining integrity and accuracy in all financial reporting.
• Technical Expertise: Proficiency in cost accounting, budgeting, and financial reporting, with an understanding of ERP systems and accounting software.

Education, Training, and Experience Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.
• 3+ years of professional accounting experience, preferably with exposure to cost accounting in a manufacturing or multisite environment.
• Experience with accounting software, ERP systems, and data management tools.