Job Title: Senior Financial Analyst
Position Summary
The Senior Financial Analyst will focus on operational finance to improve cost efficiency and support daily manufacturing operations in a fast-paced production environment. This role involves creating, updating, and optimizing standard manufacturing costs while providing financial guidance to plant teams. The position requires expertise in cost modeling and variance analysis to drive operational improvements, reduce variances, and ensure accurate costing for decision-making across supply chain and production functions. Additional responsibilities include supporting monthly and quarterly financial processes, preparing financial models, and developing presentation materials for leadership.
Key Responsibilities
Operational Variance & Cost Analysis
- Perform variance analysis on operational metrics such as material, labor, and overhead costs.
- Identify root causes of cost overruns and collaborate with operations to implement corrective actions.
- Provide cost impact assessments for production scheduling and resource allocation.
Operational Finance Business Partnering
- Act as the finance liaison to manufacturing operations, offering insights on cost drivers.
- Analyze KPIs (cost per unit, throughput, OEE) and recommend strategies to optimize working capital.
- Support make-or-buy decisions and capacity planning with detailed cost simulations.
Standard Cost Development & Maintenance
- Build and maintain standard manufacturing costs, including materials, labor, and overhead.
- Update costs for material price changes, process improvements, and supplier negotiations; ensure ERP accuracy.
- Collaborate with engineering and procurement on design changes and efficiency gains.
Inventory Management
- Oversee inventory valuation and variance reconciliations.
- Drive initiatives to reduce excess inventory and improve turnover through accurate costing and forecasting.
Budgeting, Forecasting & Capital Projects
- Lead plant-level budgeting and forecasting, integrating updated standard costs.
- Evaluate capital investments using cost models to project ROI and savings.
- Track post-project performance against budgeted costs.
Financial Reporting & Analysis
- Support monthly and quarterly close processes.
- Prepare financial models for scenario planning and sensitivity analysis.
- Develop executive-level presentation materials summarizing operational and financial insights.
Qualifications
- Bachelor’s degree in Finance, Accounting, or related field.
- 5+ years of operational finance experience in manufacturing, with expertise in standard cost development.
- Advanced Excel skills and experience with ERP systems (SAP, Oracle, JDE, Plex or similar).
- Strong analytical and communication skills for cross-functional collaboration.
- High-volume manufacturing or automotive experience preferred.
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