Operations Financial Analyst

Job Overview

Responsible for providing financial support and performance analysis to the global/regional operations and plant management teams. The role requires an exceptional business partner to drive organizational success through the development and execution of financial strategies. Key responsibilities include managing a team of operational financial analysts/plant controllers, consolidation and analysis of actual results/forecasts/budgets, conducting monthly plant reviews, product/conversion/material productivity analysis, driving freight/inventory reductions, and supporting capital investments. The position also requires coordination with the regional/global BU supply chain team

Key Responsibilities

1. Prepare and present comprehensive financial reports and dashboards for senior management, highlighting key performance indicators and trends.
2. Develop, maintain, and review standard costing for part numbers, ensuring accuracy and relevance to current operational conditions.
3. Conduct regular variance analyses between standard and actual costs, identifying root causes of discrepancies and recommending corrective actions.
4. Oversee the periodic review and update of standard costs, collaborating with operations, engineering, and procurement teams to reflect changes in materials, labor, and overhead costs.
5. Manage and optimize inventory valuation processes, ensuring compliance with accounting standards and company policies.
6. Analyze inventory turnover rates, identifying slow-moving and obsolete items, and recommending strategies to improve inventory management.
7. Develop and maintain financial models to forecast costs and output
8. Participate in the quarterly forecast process by updating models, bridging the changes, and uploading the PnL to HFM.
9. Key contributor to month-end close reporting by preparing journal entries and PnL within two ERP’s: SAP and Epicor.
10. Perform month-end variance analysis and investigate discrepancies between actual and forecasted results
11. Coordinate and oversee physical inventory counts, reconciling discrepancies between physical counts and financial records, and providing recommendations for inventory management improvements.
12. Partner with shared services to ensure timely and accurate reporting, costing and accounting

What your background should look like:

• Minimum of bachelor’s degree in Finance, Business, Accounting or related, with 5 years of related experience. Master’s degree with 3 years of related experience.
• 3 years of experience manufacturing and/or cost accounting
• Familiarity with Operations organizations, esp. supply chain and procurement. 
• Demonstrated excellent communication skills, both verbally and written. Capable of translating complex analysis into simple messages.
• Strong analytical and problem-solving skills with strong attention to detail.
• Must be detail oriented and self-motivated, as this position requires to work independently and in teams.
• Ability to partner with internal customers effectively.
• Advanced skills in Microsoft Excel, Word, and PowerPoint are required.
• Experience with SAP and Epicor desired
• Data Analytics skills (Tableau, PowerBI) is a plus.

Competencies