Financial Analyst

Job Description

Job Description

This is a Financial Analyst role with a future for leadership. Need to be able to exhibit those qualities.

Responsibilities:

Function as a partner to the plant manager to drive cost reduction and productivity initiatives.

Drive development of plant financial operating plan and manage monthly financial forecasting.

Conduct month-end and year-end closing activities while reporting the financial results to plant manager, plant staff and division personnel.

Evaluate financials of capital spending projects.

Assist in the development of plant BOMs, routings, and standard costs.

Collaborate with procurement teams to negotiate favorable LTAs, considering cost savings and strategic partnerships

Oversee the day-to-day inventory operations, ensuring accuracy and efficiency

Implement and refine inventory control procedures to minimize discrepancies and enhance accuracy

Collaborate with cross-functional teams to forecast demand, ensuring optimal stock

levels and minimizing carrying costs

Work closely with the Finance team to generate accurate and timely financial reports related inventory

Support financial planning by providing insights into inventory-related expenses and trends

Assist in the preparation of budgets and forecasts for inventory and expenses

Ensure adherence to financial and contractual obligations

Collaborate with legal and procurement teams to address any compliance issues

Provide support during audits to demonstrate compliance with LTA terms

Identify opportunities for process improvement within inventory management functions

Implement best practices to enhance efficiency and streamline operations

Utilize data analysis tools to interpret complex data sets related to LTAs and inventory

Generate insights and actionable recommendations based on data-driven analysis

Qualifications:

Bachelor's degree in finance or accounting or equivalent experience background with a minimum of 4 years overall experience which includes manufacturing cost accounting.

Proven experience in financial analysis, contract management, and inventory control

Strong analytical and problem-solving skills

Proficiency in data analysis tools and advanced MS Excel skills

Excellent communication and negotiation skills

Ability to work independently and collaboratively in a team-oriented environment

Experience with ERP systems

Knowledge of industry best practices and inventory management

(Chartered Financial Analyst) are advantageous