Financial Analyst

Elkay Manufacturing•Burlington, ON

44d

About The Position

The Financial Analyst will offer strategic and financial support across the business by working with operations, procurement, and IT teams. Provide insights and opportunities that will drive incremental cost savings. This person will work closely with various channels and business partners, to determine business needs, develop processes, and identify opportunities for process improvement related to data gathering, reporting and analysis.

Requirements

Excellent understanding of business principles and practices
Strong oral and written communication
Strong influencing and negotiation skills
Ability to manage stakeholder expectations.
Strong time management skills
Ability to deal with ambiguity.
Excellent Team Player
Analytical thinking and problem solving
Must be highly proficient with various applications (Advanced Excel, Report Now Reports or similar reporting tool)
Ability to extract large data set
Problem solving ability for daily necessities.
Must be able to work collectively with others (in a small office setting)
Self-motivated
Must demonstrate previous experience and level of accomplishment.
“Out of Box” Thinking
Attention to details.
Ability to thrive and adapt in a constantly changing, fast paced environment to meet internal and external needs and requirements in a timely manner.
University Degree ideally in business, finance or related field, CPA preferred.
3-5 years’ experience in an analytical role with business, manufacturing experience is preferred.

Nice To Haves

Prior experience working with a public company is preferred.

Responsibilities

Forecasting, Planning and Budgeting Support the operations, procurement, and planning in forecast process by performing variety of analysis, scenarios, and trends.
Regularly monitor and analyze the cost across five business units both in Canada and USA, ensure conformity with the forecast/budget and provide commentaries/insight on variances.
Create cost models, track, and evaluate effectiveness, provide recommendation based on historical trends, input costs and market/economic conditions.
Identify efficiencies in the process by automating manual touch points and removing non-value-added activities.
Track travel expenses, ensure conformity to the corporate policy.
Track and monitor IT spend, collaborate with IT team provide insight on budget/actual variances.
Controllership, Month End and Reporting Track and calculate freight, tariff/duty accruals.
Analyze forecast vs actual, coordinate with logistics team for explanation on variances.
Maintain trackers, KPI for purchase price variance, provide insight to operations and procurement.
Analyze payroll expense, direct labour variance due to rates or productivity.
Ensure payroll accruals are accurate.
Process/post Journal Entries for payroll, benefits, and travel expenses
Provide month-end support to the Controller on variety of analysis related to headcount, PPV, travel spend etc.
Data Analysis and Insight Management Manage and maintain existing dashboards in excel.
Identify and analyze critical KPIs for the team, design dashboards and reports to effectively convey usable business insights.
Effectively communicate data insights in a non-technical manner to key stakeholders and managers
Analyze material, labour and overhead costs, establish trends by supplier spend