Analyst, Financial L2

Hammond Power Solutions•Rock Falls, IL

8d•$65,000 - $85,000

About The Position

Hammond Power Solutions Inc. is a global manufacturer headquartered in Guelph, Ontario, Canada. HPS has grown to become the leader in North America in the custom design and manufacture of dry type transformers. For the past century, HPS has grown to deliver electrical power solutions to global markets and provides solutions for complex applications like, mining, rectifier, drives, traction, wind, solar and many other electrical power applications. The world relies on HPS to continually conceive and produce state-of-the-art transformer technology. We seek a Financial Analyst to join our team and contribute to our continued growth. Come grow with us! The Financial Analyst reports directly to and assists the Controller/US Accounting Manager. The Financial Analyst is responsible for analyzing and interpreting financial data and recommending changes to improve systems and financial performance; supporting the preparation of consolidated annual and quarterly financial statements, assisting with preparation and posting of monthly journal entries, assisting in preparing specific internal management reports, and supporting business analysis.

Requirements

Bachelor’s Degree in Finance or field. Masters Degree or CPA designation preferred.
5+ years of experience working in Finance/Accounting.
Strong working knowledge of both IFRS and U.S. GAAP.
Excellent computer skills - excel, word, project.
Strong organizational and communication skills.
Ability to work under pressure and to deadlines.
Ability to define problems, collect data, establish facts and draw valid conclusions.
Ability to interpret an extensive variety of technical and business information and deal with several abstract and concrete variables.

Responsibilities

Collaborate with the Controller/US Accounting Manager in preparing the internal consolidated HPS financial results, including a detailed review ensuring completeness and accuracy per the established reporting deadlines.
Develop an understanding of the strategic business and utilize information to support other functions or information requests.
Lead monthly department expense review meetings with Managers to ensure accuracy and appropriate management by departments.
Prepare and enter monthly journal entries.
Prepare and review monthly commissions.
Prepare, review, and analyze ad hoc information requirements as they are requested.
Update weekly surcharges in connection with Ops review and charge customers monthly.
Identify and implement continuous improvement opportunities through various initiatives.
Plan and implement other department specific projects as required.
Financial reporting development as required.
Complete monthly budget analysis against actual and forecasted values.
Ensure monthly reporting incorporates the appropriate/consistent budget and forecast values.
Assist in preparing budget details for department Managers.
Respond to questions about budget details as required.
Provide auditors with support and analysis.
Provide backup support to all functions within the Finance Department.
Support annual standard cost roll
Support and review of inventory reporting and analysis
Investigate shipping and inventory issues as they arise
Ensure a culture of continuous improvement in the policies, systems, processes and methods of the supported functions.
Develop understanding of the Business Intelligence Cube and utilize information to support other functions or information requests.
Working closely with Controller/US Accounting Manager, IT ERP project manager(s) and IT teams to develop enhancements to ERP system and troubleshooting problems.
Identify and implement continuous improvement opportunities through Transform initiatives.
Plan and implement other department specific projects as required.
Financial reporting development as required.