Finanacial Analyst

Nidec•Saint Charles, IL

About The Position

The Financial Analyst supports financial planning, reporting, and analytical functions, including forecasting, budgeting, strategic planning, and ad hoc analysis. The position recommends, implements, and maintains appropriate financial and administrative systems and processes. It also provides oversight of the accounts receivable team and supports financial decision-making across the organization. The role prepares accurate financial information for management and auditors, supports financial statement forecasting and annual operating planning, and helps ensure compliance with corporate policies and accounting standards. It analyzes financial performance, variances, costs, strategic initiatives, and proposed transactions, and makes data-driven recommendations for process improvements, cost savings, and revenue enhancements. The Financial Analyst collaborates with business stakeholders, supports financial technology solutions, maintains data integrity, assists with month-end and year-end close, and creates training documentation for implemented solutions. The position is expected to keep company information confidential.

Requirements

Associate or bachelor's degree in Finance, Accounting, or a related field; an MBA is also mentioned.
At least 5 years of work experience as a Financial Analyst, in Program Management, or in Cost Management.
Strong mathematical and statistical aptitude.
Results-oriented, with strong initiative.
Advanced Microsoft Office skills, including Excel, PowerPoint, and Word.
Experience with data analytics tools or creating dashboards using Excel.
Experience with ERP systems.
Experience with SQL and relational databases.
Knowledge of US Generally Accepted Accounting Principles and ability to evaluate accounting standards and record transactions in accordance with requirements and company policies.
Ability to analyze financial data and evaluate results and solutions to support business decisions.
Ability to analyze trends, variances, opportunities, and risks and communicate their financial impact to stakeholders.
Strong communication and presentation skills, including the ability to explain complex financial concepts to non-financial stakeholders.
Strong interpersonal, influencing, and persuasion skills, with the ability to coordinate cross-functional teams.
Strong attention to detail and problem-solving ability.
Ability to manage multiple projects with tight deadlines.
Strong financial, analytical, and organizational acumen.
Demonstrated direct or indirect leadership experience.

Nice To Haves

Experience in a multi-location manufacturing business.
QAD ERP experience.
Integrated Business Planning (IBP) or Sales & Operations Planning (S&OP) experience.
Familiarity with MRP systems and solid program management skills.
MBA.

Responsibilities

Provide oversight of the accounts receivable team.
Prepare and present timely, accurate financial information to management and auditors in compliance with regulations and stakeholder expectations.
Partner with stakeholders to support financial performance aligned with organizational goals and strategies.
Support detailed financial statement forecasts for appropriate periods and scenarios, including cash, earnings, and tax positions.
Ensure compliance with corporate policies and local and statutory accounting standards, and maintain or strengthen internal controls.
Prepare statistical reporting, including financial performance, variance explanations, and cost analysis.
Support the development, testing, and implementation of financial technologies and solutions.
Collaborate with business stakeholders to define projects, process improvements, requirements, and use cases, and assess their accounting implications.
Investigate financial data variances, determine corrective actions, and create processes to validate data-system accuracy.
Analyze strategic initiatives and evaluate the financial impact of proposed transactions to support strategic decision-making.
Recommend process improvements, cost savings, and revenue enhancements based on trend analysis.
Support development of the full-year forecast and work with the Sr. Accounting Group Manager to manage the Annual Operating Plan process, including communicating targets, timelines, and deliverables.
Support month-end and year-end close activities.
Create and maintain training documentation for team solutions to support knowledge transfer and user adoption.
Keep company information confidential.