Commercial Financial Analyst

ITW•Richton Park, IL

1d•$110,000 - $125,000

About The Position

The Commercial Finance Analyst will be responsible for top line revenue forecasting and analytics for the SCNA division. This role is on the Division Controller’s staff and is the primary liaison between the Commercial and Finance functions o which this role will include dotted line reporting structure to the SCNA Sales & Engineering Director. The Commercial Finance Analyst will be a key contributor to organic growth initiatives and develop deep partnerships and domain expertise with the Commercial Group. In addition to the long-term revenue forecasting and analytics, the Commercial Finance Analyst will also be the finance lead on a full suite of commercial finance tools including volume, mix, and price analytics, discounted cash flow modeling of commercial opportunities and sold order/backlog conversion analysis.

Requirements

Bachelor’s degree in Finance, Accounting, or Business Administration and/or related analytical field, while a Masters of Business Administration (MBA) degree is a plus
3-6 years commercial or finance experience in a manufacturing environment
Experience partnering with he Commercial/Sales organization
Excitement to work in a fast-paced environment that’s deadline driven and focused on creating a value-added partnership with operations
Strong analytical and problem-solving skills are necessary
Attention to detail and a high level of accuracy is a must
Ability to manage and prioritize daily functions as well as the ability to multi-task is critical
Exceptional written and verbal communication skills required
Ability communicate effectively with all levels in the organization and work well within a team
Maintain confidentiality about sensitive data such as budgeting information, operational results, and profit margin
Administer and adhere to accounting policies and divisional procedures
Strong computers skills; Microsoft Office (Excel, Word, PowerPoint) with proficiency in MS Excel and the ability to manage large data sets using VLOOPUP’s and Pivot Tables

Nice To Haves

Experience with Saphran, Trans4M, QAD, and/or another AS400 based computer system is a plus
Drive and excitement to grow and develop as a finance professional
Ability to learn new skills and the desire for upward mobility and professional growth

Responsibilities

Key finance contact with management of the forecasting and planning system
Manage the data collection and publication of Annual Plan and Long Range Plan (LRP) revenue forecasts by Business Unit
Oversee and reconcile the monthly revenue reporting updates based on updates from market research data (i.e. IHS builds)
Manage customer price recovery reports, forecasting, and the tracking of the material cost impact to ensure that changes in commodity pricing is continually be monitored and captured with the customer base.
Perform analytics on the product segmentation mix to assist in the ongoing updates to the divisional Segmented Profit/Loss statement to further assess margin performance and growth opportunities
Key Finance contact from a Commercial perspective in the development of financial models/analyses for customer quotes and participate in quote reviews
Oversee the planning/reporting of sold orders and the impact on sales incentive plan (SIP) bonuses
Produce insight into sold order conversion to revenue to improve overall accuracy/conversion rates
Key Finance contact for the preparation of the Commercial Tooling budget and will provide assistance in the preparation of select capital tooling requests
Key Finance liaison with the Commercial financial analysis (i.e. Quarterly Revenue Bridge) and other Annual Plan and LRP reports
Recommend ways to improve, simplify, or eliminate tasks in the department
Participate in ITW Toolbox initiatives within the business (0/20, Usa, PLS)
Other Commercial Focused finance projects as needed