Sr. Financial Analyst – COGS

The GEO Group•Boulder, CO

26d

About The Position

BI is one of the leading technology companies in Boulder, Colorado and the largest provider of innovative electronic monitoring solutions in the United States. We excel at proving technological solutions to over 1,000 agencies nationwide and allowing those agencies to fulfill their missions without worrying about the technical complexities. Summary The Senior Financial Analyst, Cost of Goods Sold is responsible for supporting the finance department analyzing, managing, reporting, and providing insights and recommendations regarding the organization’s cost of goods sold. Works closely with manufacturing and supply chain departments ensuring we maximize profitability while optimizing operational efficiency. Cross functional collaboration and ability show how the numbers tell a story to non-finance partners is instrumental.

Requirements

Bachelor’s degree in accounting, finance, business or related field required or equivalent experience.
At least three years of experience in an accounting or finance related position.
Expert knowledge of MS Excel software, including Vlookups and pivot tables.
Working knowledge and understanding of Generally Accepted Accounting Principles (GAAP) with the ability to apply to business transactions.
Analytical ability.
Attention to detail.
Effective communication skills with internal and external contacts at all levels.
Good interpersonal skills.
Ability to handle multiple tasks simultaneously, prioritize appropriately and meet deadlines.
Sense of urgency with the ability to respond quickly to internal and external customer requests.
Ability to work with computers and the necessary software typically used by the department.
Typical office environment.
Use of standard office equipment such as computer, keyboard, telephone, fax machine, and copier.

Responsibilities

The Senior Financial Analyst leads the budget and guidance process for establishing and maintaining the Cost of Goods Sold, COGS, sections of the income statement.
Collaborates with Manufacturing, Cost Accounting, Sales, and Supply Chain teams to gather the required information to update all COGS related accounts in both the budget and guidance on an annual and quarterly basis.
Generates analytics to highlight the difference between new build product cost and service repair product cost by product line.
Establishes standardized reporting package to highlight and explain monthly and quarterly variance with detailed commentary at the account level for all COGS related accounts impacting Gross Margin.
The Senior Financial Analyst prepares detailed COGS reports that break down costs by material, labor, and overhead by product line, as well as absorption percentage for each respective classification.
Provides insight to fluctuations in absorption with supporting details to substantiate account level variances.
Establishes an Other Cost of Goods Sold, OCOGS, analysis for reporting on expenses such as Tariffs, PPV, Freight, E&O, etc. with detailed commentary explaining variance from budget and guidance.
The Senior Financial Analyst produces product line gross margin trend analysis month over month and quarter over quarter with detailed account level explanations of variances.
Develops and maintain a total company and product line level dashboard that tracks gross margin performance and key performance indicators, splitting out cost variability from Standard COGS to OCOGS related accounts.
Identifies opportunities for cost reduction and process improvement, within the manufacturing and supply chain arena i.e. leakage, PPV, Incoterms, scrap, shrinkage, etc.
Conducts regular reviews of inventory levels, production efficiency, and waste management to optimize the impacts to COGS related accounts.
Performs other ad hoc reporting and analysis as requested.
Performs other duties as assigned.