Sr. FP&A/Cost Analyst

IDEX Corporation • Albuquerque, NM

3d • Hybrid

About The Position

The Senior FP&A/Cost Analyst is responsible for financial planning, forecasting, reporting, and manufacturing cost accounting across two IDEX sites in Albuquerque, NM, and Rochester, NY. This role partners with Finance, Operations, and Commercial teams to evaluate financial performance, identify risks and opportunities, and provide recommendations that support operational and strategic business decisions. The position plays a key role in maintaining consistent financial reporting and cost accounting practices across both sites while driving improvements in financial processes, cost management, and operational efficiency. Regular travel between both locations is required.

Requirements

• Bachelor's degree in Accounting or Finance.
• 5+ years of experience in financial planning and analysis, accounting, or a related finance function.
• 3+ years of experience in manufacturing finance or cost accounting, including standard costing, variance analysis, and inventory valuation.
• 3+ years of experience working with ERP and reporting systems; JD Edwards (JDE) and Webi preferred.
• 3+ years of experience developing financial models, forecasts, and management reporting tools.
• Advanced proficiency in Microsoft Excel; Power BI experience preferred.
• Experience supporting financial planning, reporting, or cost accounting across multiple manufacturing sites preferred.
• Strong understanding of U.S. GAAP, general accounting principles, and financial reporting requirements.
• Advanced analytical and problem-solving skills with the ability to evaluate complex financial and operational data.
• Strong attention to accuracy, detail, and data integrity.
• Ability to independently identify financial risks, challenge assumptions, and recommend solutions that support business performance.
• Strong communication skills with the ability to present financial information and recommendations to business leaders.
• Ability to collaborate effectively across Finance, Operations, Commercial, and other functional teams.
• Strong organizational and time management skills with the ability to manage competing priorities and deadlines.
• Ability to work independently, exercise sound judgment, and implement improvements with minimal supervision.
• Demonstrated ability to streamline processes, increase efficiency, and support continuous improvement initiatives.

Nice To Haves

• JD Edwards (JDE) and Webi preferred.
• Power BI experience preferred.
• Experience supporting financial planning, reporting, or cost accounting across multiple manufacturing sites preferred.

Responsibilities

• Support annual operating plans (AOP), financial forecasting, quarterly reporting, and strategic planning processes.
• Develop and maintain financial models, reports, and analytical tools to support business planning and decision-making.
• Independently analyze financial and operational performance, identify trends and risks, and provide actionable recommendations to business leaders.
• Prepare ad hoc financial analyses to support strategic initiatives and operational decisions.
• Identify and implement opportunities to streamline and automate financial reporting and analytical processes.
• Manage reporting, forecasting, and analysis of manufacturing costs, including standard costs, cost variances, direct operating charges, and inventory.
• Monitor manufacturing performance, analyze cost variances, and identify root causes to support operational improvements.
• Review standard costs against current cost roll-ups to ensure accuracy and support product margin analysis.
• Evaluate bill of materials (BOM) costing accuracy and communicate discrepancies or exceptions.
• Lead annual reviews and updates of material, labor, and overhead standards.
• Perform make-versus-buy analyses to support manufacturing and sourcing decisions.
• Support product line profitability analysis and annual price book reviews through margin analysis.
• Coordinate cost accounting activities to ensure accurate and timely product costing and inventory reporting.
• Analyze inventory balances, reserves, and related financial activity in accordance with U.S. GAAP and IDEX corporate policies.
• Perform monthly balance sheet reconciliations for inventory-related accounts.
• Support inventory optimization initiatives by identifying root causes and opportunities for process improvement.
• Support inventory disposition policies and procedures to maintain accurate financial reporting.
• Partner with Operations to evaluate manufacturing performance, cost drivers, and opportunities to improve productivity and profitability.
• Participate in lean manufacturing and continuous improvement initiatives.
• Analyze and report commercial performance metrics, including sales, orders, and backlog.
• Partner with Finance and Commercial teams to evaluate product margins and support pricing decisions.
• Promote consistent financial reporting, cost accounting practices, and performance metrics across both manufacturing sites.

Benefits

• IDEX is an Equal Opportunity Employer. IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior