Sr Financial Analyst

JOB DESCRIPTION

Job Overview:

The Senior Financial Analyst performs all duties related to financial close, costing, FP&A, budgeting, and setting/analyzing standard costs.

• Responsible for compliance with Sarbanes-Oxley (Section 404) and BOS (Business Operating System). Support safety programs for the plant
• Performs financial analysis of operating result including analysis of Volume / Mix / Price and Standard Margin. Analyses material and labor costs to identify cost reduction opportunities. Develop and provide accurate and timely production, material and labor operating metrics reporting to plant management. Analyses, explains and documents any unusual variances.
• Maintains the plant’s Cost Accounting systems including updating the MFG/PRO Manufacturing Bill of Materials (MBOM), reconciles the MFG/Pro MBOM to the SAP BOM, analysis and preparation of annual standard (Material, Labor, Overhead, Freight), monthly actual cost roll-ups and analysis of variances from standard costs, works with the Materials Department to ensure accurate BOM and an accurate income statement can be submitted for each month's business.
• Provides accurate and timely data for the Best Business Practices (BBP) reporting system. Assists in analyzing the Plant’s BBP results compared to the Global Best Plant in order to identify improvements in operating performance. As assigned by the Plant Controller, participates as a team member on continuous improvement projects.)
• Performs analysis and review of all inventory balances in order to identify slow moving or obsolete inventories. Reviews results of perpetual inventory testing to identify potential internal control weaknesses. Works with the Materials Department to identify opportunities to reduce inventory days on hand.
• Revises performance records, anticipates sales and costs to assist in completion of business forecasts and the annual profit plan.
• Insures proper account distribution for item expenses, inventories, fixed assets, etc.
• As assigned by the Plant Controller, completes general accounting activities, including month end closing, journal entries and reporting. Ensures timely month end closings and timely reporting into all reporting systems (Hyperion, SAP, CI, ITS, VA/VE, BBP, Quality etc.).
• Coordinates the taking of monthly, quarterly and annual physical inventory to assure accurate inventories.
• Completes all financial, governmental reports as assigned by the Plant Controller.
• Responsible for maintaining the accuracy of balance sheet accounts as assigned by the Plant Controller ensuring that account reconciliations are completed monthly/quarterly as scheduled.
• Assists as directed by the Plant Controller related to year-end audit requirements regarding timing and completion as they pertain to the plant.
• Coordinates as assigned by the Plant Controller non-production departments’ annual profit plan and quarterly forecasts. Assists non-production department managers in analyzing actual to budget variances.
• Assists Plant Controller in the annual audit and federal and state tax compliance.
• Assists in developing financial policies and procedures and ensure compliance by the plant.