Sr Business Finance Analyst I

Description:

The position provides financial leadership to the Newark, Ohio Plant. The position reports to the Plant Controller. The Sr. Financial Analyst is a dynamic leader and responsible for maintaining a controls environment that complies with the Company's internal control policies and Sarbanes Oxley. The position is designed to support the development of finance talent across the organization, serving as a progression opportunity for individuals from smaller operations and a foundation for advancement into more complex plant finance or corporate finance roles.

Responsibilities:

1.Operations planning

• Participates in the development of operational objectives for the plant that are aligned to Corporate and Division strategic objectives.
• Leads proactive development of contingency plans, productivity improvement and corrective actions to ensure optimal facility financial results and shareholder value.
• Participates in reporting at a more complex and higher frequency than most other insulation plants. For example, full blown weekly forecasts.
• Ownership of large projects will be an ongoing responsibility given the changing nature of the plant, needed improvements, and ongoing consolidation/automation.

Metrics

• Standard operating rhythm in place and frequency established
• Operations Plans executed
• Process expectations and timing

2. Financial and Operational Controls

• Newark is the largest and most complex insulation plant. It is two plants in one (Wool - like a traditional insulation plant with 2 major lines & Pipe - with 6 machines) and it is primarily a Made to Order plant, which drives increased analysis and projects.
• Newark also has a campus layout (numerous buildings approx 40), which requires additional oversight for financials, controls, and processes.
• Ensures the internal controls environment is operating effectively in all areas including, data integrity, asset protection, segregation of duties, budgeting, financial reporting, information systems and adherence to corporate policies and governmental regulations (GAAP, SOX compliance, etc.)
• Leads and coaches department NLTs to ensure that accountability for internal controls is clear and procedures documented.
• Leads the continuous sign off process and works with the department NLTs to modify procedures for changes in policy.
• Drives a robust representation letter process and provides assurance and visibility to internal controls
• Owns the representation as well as the financial return of plant assets

Metrics

• Controls performance ratings
• Audit ratings

3. Reporting and analysis

• Leads financial planning, budgeting and forecasting processes
• Prepares and delivers the plant financial forecasts and projections
• Monitors the plant's monthly closing process in conjunction with the Accounting team
• Communicates results effectively to management and non-financial personnel
• Provides in-depth analysis on variances to plan and forecast
• Provides risk analysis for contingency planning

Metrics

• Timely and accurate Closing process
• Forecast accuracy and timeliness
• Balance Sheet Integrity

4. Improve plant profitability

• Leads actions in line with achieving targets, mitigating risk and prioritizing resource needs
• Leads proactive development of contingency plans, productivity improvement and corrective actions to ensure facility optimal financial results and shareholder value
• Provides insightful and competitive analytics that anticipate change and drive decision making
• Provides investment analysis
• Educates plant personnel on key performance metrics
• Acts as a resource to the non-financial leaders of the business providing education and training on the key principles of Finance

Metrics

• Key performance indicators
• Productivity against plan
• Financial performance against plan
• Return on capital
• Results of capital projects

5. Cross-functional leadership and team contribution

• Work across organization boundaries and all levels of the company to achieve plant, division or corporate objectives
• Shares best practices across division, i.e. process improvements, financial modeling and procedural changes.
• Aligns teams and resources in order to solve problems and drive results
• Accountable to deliver functional leadership to team members at plant, segment and corporate level

Job Requirements

Experience:

• Bachelor's degree in finance, accounting or relevant discipline a must. MBA, CMA, CPA preferred.
• Providing leadership to organizations within a manufacturing operation(s)-leading operations planning, savings, forecasting and investment analysis
• Operating in a range of economic conditions, i.e. expansion, contraction, stable economic conditions-forecasting, scenario planning, risk analysis and contingency development.
• Delivering continuous improvement.
• Participating in the development of strategic plans.
• Demonstrated high growth in previous experience

Knowledge and Skills:

• Proficiency in SAP, Microsoft Office/Excel
• Knowledge of business intelligence, data visualization, and automation tools with the ability to identify and implement reporting solutions that improve data visibility, process efficiency, and business decision-making.
• Strong financial acumen with demonstrated analytical ability accompanied by knowledge of corporate finance and manufacturing costing principles-understands P&L and balance sheet dynamics
• Demonstrated ability to teach and communicate in simple, impacting terms
• Demonstrated ability to manage and control costs-effectively develops business cases and enroll leaders at all levels in taking appropriate action.
• Demonstrated ability to develop and intimate knowledge of customers, competition, and the market and uses this knowledge to drive customer and product profitability decisions.
• Demonstrated ability to think strategically and execute strategic directions.

Abilities and Personal Characteristics:

• Conducts himself/herself with the highest ethical and moral standards.
• Intelligent, creative, analytical.
• Highly motivated and results driven with a high energy level-has a bias for proactive action.
• Broad operating style, ability to adapt across cultures, environments and styles.
• Forward thinking leadership abilities, including the ability to motivate, lead by example, and encourage teamwork and effective communication.
• Passionate, charismatic personality; articulate, approachable and friendly.
• Makes decisions and commits to a course of action with appropriate information and recognizes uncertainty of success; weighs and manages risk in decision making; able to make decisions detrimental to a few but helpful to many.
• Behaves in a mature and appropriate manner. Shows good judgment, does not allow feeling or biases to distract reasoning, does not rationalize failures.
• Freely states opinions and feelings. Expresses him/her self directly and candidly.
• Shows appreciation for and understanding of the feelings of others. Aware of personal impact on others. Expresses opinions without offending or creating defensiveness.

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