Financial Analyst

Coherent•Saxonburg, PA

13d•Hybrid

About The Position

The Financial Analyst will develop a thorough understanding of Coherent Corp.'s financial close, reporting, budget, and forecasting processes. This role involves processing financial transactions, journal entries, and account reconciliations to support monthly financial closings. The analyst will partner with shared services and global finance members to review and validate financial information, ensure timely completion of corporate requests, and oversee accounting treatment for fixed assets, intercompany activity, and cash reconciliations. Additionally, the role supports capital projects, performs ad hoc duties, and provides accurate and timely financial reporting with analysis to leadership. Key responsibilities include analyzing department expenses, headcount activity, budget vs. forecast variances, inventory movements, gross margin, and performance improvement initiatives. The analyst will also assist in preparing monthly operational reviews and support financial planning activities such as the 5 Year Plan, Budget, and Forecasts.

Requirements

Bachelor’s degree in Accounting or Finance is required.
Minimum 3-5 years of experience inclusive of the following:
Manufacturing accounting background, ideally worked in a vertically integrated manufacturing environment
Experience with ERP systems, specifically Advanced Oracle experience and Hyperion, MS Excel
Partnering with Shared Services and other functions outside of the accounting team
Cost Accounting and inventory management
Advanced Excel Skills
2 years Financial Planning & Analysis experience preferred with a knowledge of profit and loss statements, corporate requests including but not limited to budgeting/forecasting/reporting.

Nice To Haves

CPA, CMA, or MBA is preferred.

Responsibilities

Process financial transactions, journal entries, and account reconciliations supporting monthly financial closings.
Partner with shared services and global finance members to review and validate monthly financial information from domestic and international business units.
Align on Corporate requests to ensure account roll-forwards and other requests for business information are completed accurately and timely.
Ensure any required reserves are in place and appropriately supported.
Assist in the process for attesting to the effectiveness of the company’s internal controls over financial reporting and accounting.
Oversee accounting treatment of fixed assets, intercompany activity, and cash reconciliations performed by the shared service center, ensuring accuracy and completeness.
Partner with operations and project managers to support capital projects and presentations, reviewing spend and closing out projects in a timely manner.
Partner with tax and the Controller to understand transfer pricing strategies.
Perform ad hoc duties as required.
Provide accurate and timely financial reporting on key financial metrics with appropriate analysis that allows leadership to effectively influence the course of the business.
Review department expenses and headcount activity.
Understand significant variances between forecast and budget.
Explain monthly movements in inventory, with an emphasis on gross margin and aging value of WIP.
Analyze gross margin and performance improvement initiatives that help drive business results including analysis of costing practices and accuracy.
Assist in preparing monthly operational reviews and understanding current trends in productivity, yields, and work-in-progress.
Assist controller with preparation of 5 Year Plan, Budget, & Forecasts.
Prepare budget/forecast schedules for management.
Support other activities and requests from the Business Group.