Financial Analyst

Coherent Corp.•Clinton Township, PA

5d•$58,400 - $95,600•Hybrid

About The Position

Coherent is a global leader in lasers, engineered materials and networking components. We are a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Coherent provides a comprehensive career development platform within an environment that challenges employees to perform at their best, while rewarding excellence and hard-work through a competitive compensation program. It's an exciting opportunity to work for a company that offers stability, longevity and growth. Come Join Us!

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

Develop a thorough understanding of the Coherent Corp. financial close, reporting, budget, and forecasting processes and requirements.
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 activities and requests from the Business Group.