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Job Summary
The Financial Analyst I is an entry-level professional role responsible for supporting financial analysis, reporting, and planning activities under close supervision. This position applies foundational finance and accounting knowledge to assist with budgeting, forecasting, variance analysis, and data review. The role contributes to informed decision-making, financial accuracy, and business performance while developing core analytical and professional finance skills.
Job Description
Role Overview
The Financial Analyst I supports finance and business teams by performing routine, well-defined financial analysis and reporting tasks. The role follows established financial procedures, utilizes standard financial systems and tools, and works closely with more experienced analysts and finance leaders. Success is demonstrated through accurate analysis, timely reporting, and steady growth in financial knowledge and analytical capability.
Key Responsibilities
Financial Analysis & Reporting Support
Assist with preparation of routine financial reports, dashboards, and performance summaries
Support monthly, quarterly, and annual financial close activities
Perform basic variance analysis and investigate differences between actuals, budgets, and forecasts
Compile and organize financial data for management review
Budgeting, Forecasting & Planning
Assist with development and maintenance of budgets and forecasts for assigned areas
Support collection, validation, and consolidation of planning inputs
Update financial models and tracking tools under supervision
Help monitor budget adherence and identify routine issues
Data Management & Quality
Extract financial data from ERP, reporting, or planning systems
Verify data accuracy, completeness, and consistency
Maintain financial spreadsheets, models, and documentation
Follow internal controls and data governance standards
Business & Cross-Functional Support
Partner with business stakeholders to gather financial inputs and clarify data questions
Support ad-hoc analysis requests related to cost, spending, or performance metrics
Communicate clearly regarding financial data, assumptions, and findings
Learning & Professional Development
Develop foundational understanding of financial statements, budgeting, and forecasting processes
Learn internal financial systems, reporting tools, and standard methodologies
Participate in training, mentoring, and on-the-job learning opportunities
Qualifications
Education & Experience
Bachelors degree in Finance, Accounting, Economics, Business, or a related field required
Entry-level position; internship, co-op, or academic project experience in finance or accounting preferred
Knowledge, Skills & Abilities
Fundamental knowledge of finance and accounting principles
Basic understanding of financial statements and budgeting concepts
Strong analytical and quantitative skills
High attention to detail and data accuracy
Proficiency with spreadsheets and standard office software
Ability to follow established procedures and meet deadlines
Effective written and verbal communication skills
Willingness to learn and accept feedback
Ability to work collaboratively in a team environment
Additional Job Details
Professional P1
Organizational Impact
Works to achieve operational, functional, and/or business targets within job area with indirect impact on departmental or job family results
Entry-level professional; follows standard processes and works under close supervision
Work is defined by others within smaller, less complex projects/assignments and generally more limited in scope
Communication & Influence
Communicates with contacts typically within the team on matters that involve obtaining or providing information requiring some explanation or interpretation in order to reach agreement
Innovation & Complexity
May be responsible for contributing to recommended enhancements in systems and processes to solve problems or improve effectiveness within job area
Problems are routine, but may require interpretation or deviation from standard procedures
Leadership & Talent Management
N/A Jobs at this level are focused on self-development
Knowledge & Experience
Requires broad theoretical job knowledge typically obtained through advanced education; may have limited to no experience
Equal Employment Opportunity and Affirmative Action at Nidec
Nidec is an Equal Employment Opportunity (EEO) and Affirmative Action Employer encouraging diversity in the workplace. All qualified applicants receive consideration for employment without regard to their age, gender, gender identity, sexual orientation, race, color, genetic information, religious creed, national origin, physical or mental disability, protected veteran status, or any other characteristic protected by law. For more information regarding your (EEO) rights as an applicant, please visit the following website: http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf
Work Shift Schedule
No Soliciting
Nidec will not accept unsolicited resumes from individual recruiters or third party recruiting agencies in response to Nidec job postings. No fee will be paid to third parties who submit unsolicited candidates directly to our hiring managers. Pre-approval from the Nidec Talent Acquisition team is required before any external candidate can be submitted and such candidate must be submitted to the Nidec Talent Acquisition team.