Financial Analyst

Responsibilities of the Financial Analyst

• 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.