Financial Analyst III

Indotronix International Corporation•Sunnyvale, CA

About The Position

The Financial Analyst III is a key member of the Finance team supporting manufacturing operations, with a focus on cost accounting, inventory, manufacturing performance, and financial analysis. The role partners closely with Operations, Supply Chain, Procurement, and Accounting to analyze factory performance, support monthly close and forecasting, maintain accurate inventory and manufacturing cost reporting, and provide financial insights for operational decision-making. The position provides critical financial support to the manufacturing organization by helping ensure accurate product costs, inventory reporting, and factory financial results. Its analysis helps leadership understand operational performance, identify risks and opportunities, and make informed decisions to improve financial and manufacturing performance.

Requirements

At least 5 years of related experience with a bachelor's degree, or 3 years of experience with an advanced degree or equivalent work experience.
Solid understanding of financial statements, inventory accounting, and manufacturing cost concepts.
Experience analyzing financial results and investigating variances.
Strong analytical and problem-solving skills with excellent attention to detail.
Advanced Microsoft Excel skills, including PivotTables, lookups, formulas, and analysis of large datasets.
Strong written and verbal communication skills.
Ability to manage multiple priorities and deadlines in a fast-paced environment.

Nice To Haves

Prior experience in manufacturing finance or cost accounting.
Experience with standard costing, inventory accounting, purchase price variance, manufacturing variances, and cost of goods sold.
Experience with SAP or another ERP system, particularly inventory, production, and product costing functionality.
Experience with Hyperion, HFM, or similar financial reporting systems.
Experience working across multiple manufacturing sites or business units.
Experience with Power BI, Tableau, Power Query, or other reporting and automation tools.
CPA, CMA, MBA, or progress toward a professional accounting certification.
Ability to investigate financial, cost, and inventory variances and identify underlying business drivers.
Ability to work effectively with Operations, Supply Chain, Procurement, Accounting, and Finance.
High level of ownership, accuracy, and attention to detail.
Ability to balance day-to-day analytical and accounting activities with forecasting, reporting, and process improvement responsibilities.
Ability to translate financial results into meaningful insights for non-finance stakeholders.
Continuous improvement mindset and interest in simplifying and automating financial processes.

Responsibilities

Support the monthly financial close for manufacturing operations and ensure accurate, timely reporting of inventory, cost of goods sold, and manufacturing expenses.
Prepare and analyze manufacturing variances, including purchase price, material usage, direct labor, overhead, absorption, scrap, and other production-related variances.
Perform actual-versus-budget and forecast analysis, identify key drivers, and provide commentary on manufacturing performance.
Support standard costing, including annual standard cost updates, cost rolls, and analysis of material, labor, and overhead cost changes.
Analyze and reconcile inventory balances, including raw materials, work in process, finished goods, and inventory held at third-party or contract manufacturing locations.
Support inventory reserve analysis, including excess and obsolete, slow-moving, and at-risk inventory.
Perform inventory and balance sheet reconciliations and investigate discrepancies to ensure accurate financial reporting.
Partner with Operations and Supply Chain to analyze scrap, inventory adjustments, productivity, manufacturing spending, and other factory cost drivers.
Support cycle counts and physical inventory processes, including investigation and resolution of inventory variances.
Review manufacturing cost center expenses and prepare reclassifications and corrections as necessary.
Work with Accounting during financial statement reviews and ensure appropriate reconciliation between financial and management reporting.
Support the Annual Operating Plan, forecasts, and manufacturing budgets, particularly for material costs, labor, overhead, inventory, and operating expenses.
Develop financial models and cost analyses for new product introductions, sourcing initiatives, manufacturing transfers, and other operational projects.
Partner with Procurement and Supply Chain to understand material cost changes, sourcing savings, supplier impacts, and purchase price variances.
Prepare recurring financial and manufacturing reports that highlight trends, risks, savings opportunities, and areas requiring management attention.
Support internal and external audit requirements related to inventory, costing, manufacturing expenses, and financial controls.
Identify opportunities to improve and automate financial and cost accounting processes, particularly data-intensive month-end and reporting activities.
Perform ad hoc financial and cost analysis to support Finance and Operations leadership.