Financial Analyst
About The Position
As a key member of the plant leadership team, the Financial Analyst is responsible for providing day-to-day financial analysis and reporting for the Plant Management Team and the Eden Prairie HQ Finance team. This position is responsible for providing timely and accurate feedback to the site team regarding tracking of actual performance to budget. Additionally, this position is responsible for assisting in the maintenance of the internal control environment. The Financial Analyst is expected to acquire a detailed understanding of the plant’s operations and loss points and develop strong working relationships with both the Plant and Eden Prairie HQ teams.
Requirements
- Bachelor's degree in Accounting, Finance, or related field.
- 2+ years of relevant work experience.
- Good collaboration skills.
- Strong project leadership and team leadership skills.
- Detailed understanding of inventory goods movement transaction flow.
- Strong analytical skills along with attention to detail and accuracy.
- Strong Financial Analysis skills – P&L and Balance Sheet.
- Self-starter with a passion for continuous improvement.
- Ability to work effectively under pressure, problem solve and work with limited supervision.
- Deliver strong performance independently and as a member of multiple teams.
- Good understanding of generally accepted accounting principles and Sarbanes Oxley.
- Excellent verbal and written communication skills.
Nice To Haves
- Finance, Operations, Cost Accounting experience preferred.
- In-depth knowledge of Oracle accounting and enterprise resource planning (ERP) system.
- Intermediate to Advanced skills in Microsoft Excel.
Responsibilities
- Prepare weekly and monthly analysis of actual costs versus target.
- Identify root causes of variances and lead or participate in efforts to mitigate.
- Develop and improve analysis and reporting to support plant leadership in managing cost performance to goal and drive cost reduction.
- Partner with other plant team members to identify, implement and measure cost reduction projects.
- Review and close manufacturing batches working closely with Operations and Logistics team to ensure that all batch transactions are accurately recorded.
- Capture and analyze data for weekly reporting on plant KPI’s and provide explanations and insights to Plant Manager for communication during the weekly performance review with Sr Ops Leadership.
- Perform on-going analysis of inventory transactions and accuracy, ensure required approvals for all adjustments, partner with Logistics team to improve inventory accuracy and turns.
- Support and participate in physical inventory count processes.
- Prepare journal entries, inventory reserve calculations, account analysis and reconciliation, and internal control documentation for the month end close process.
- Preparation of periodic forecasts and the annual budget.
- Assist with “what if” scenario financial analysis for new business opportunity as requested.
- Manage internal and external audit processes.
- Maintain CAPEX budget and RCA processes.
- Other duties as assigned.
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- Paid Family leave
- Paid maternity leave
- 401(k) with Match
- Voluntary Life, Accident, Critical Illness and Hospital indemnity
- Paid Holidays
- Tuition assistance
- Short-term and Long-term Disability insurance
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
