Financial Analyst
Company Name:
Elliott Turbo
Overview:
This position supports Elliott Groups Industrial Products (IP) business unit. The Analyst prepares a wide variety of financial and business analyses for Finance and Operations. The analyses must include assessments, observations, recommendations and summaries to assist management in taking appropriate actions and decision making. Directs, coordinates and consolidates the Consolidated Industrial Products forecast, annual plan and strategic plan and reports actual results.
Responsibilities:
Forecasting and Planning
Develop and maintain financial models for the consolidation of the IP monthly forecasts and annual financial and strategic plans.
Assist on the balance sheet plan and forecast-responsible for IP inventory and % complete inventory accounts.
Analyze, interpret and make recommendations with regard to operating results compared to forecasts, financial plans, and budgets.
Schedule and coordinate the forecasting process--Bookings, Revenue, Engineering Absorption, and Engineering and Selling Expenses.
Manage the process to ensure that due dates are met.
Develop financial models for use in the analysis process.
Develop and implement improved computerized methods for manipulating and analyzing data.
Become versatile in most areas of financial planning and analysis such that any segment of an overall objective may be assigned and satisfactorily performed.
Continually improve the forecasting and planning process.
Ensure IP backlog accuracy for forecasting and planning purposes.
Develop plan and forecast allocations with the Financial Department and the SBU's.
Develop and prepare ad hoc reports to respond to executive management.
Prepare various financial analysis for Management, BOD Meetings, and Strategic Plan Meetings.
Monthly Closing and Reporting Actuals
Analyze, reconcile, and review monthly revenue and cost for shipped units--prepare financial deviation for over budget projects.
Review and reconcile Actual results compared to Plan and Forecast--explain any variances.
Prepare and upload monthly journal entries in the closing process through Oracle general ledger system.
Prepare monthly balance sheet reconciliation for quarterly review.
Ensure adequate internal control for JSOX.
Financially close IP projects monthly through Oracle.
Analyze and track IP monthly bookings--record and maintain cost budgets in Oracle and Access for new projects booked.
Analyze and track IP departmental expenses and headcount monthly.
Update actuals in the Access database for revenue and margin analysis monthly.
With a working understanding of the % complete revenue recognition process, is responsible for explaining deviation to management.
Forecast and track capital expenditures for a $2-3m budget.
Provide monthly financial data for the IP communication meeting.
Develop and prepare ad hoc reports to respond to Executive Management.
Prepare documentation / reconciliations for the external audit.
Update cost models for all the IP framessemi-annually or upon request--marketing uses for establishing pricing and the CBU.
Develop IP annual burden rates for Engineering departments which is communicated to certain personnel throughout the company.
Assist in the annual physical inventory audit.
Support any special projects.
Qualifications:
Bachelor of Science degree in Accounting, Finance or other relevant degree. MBA is desirable.
Minimum of five years of professional work experience, preferably in a manufacturing setting.
Must be familiar with accounting principles as applied to profit and loss statements, balance sheets, cash flow statements and capital expenditure evaluations.
Strong analytical and communication skills--ability to analyze and communicate variances to management.
Ability to manage multiple assignments, use good judgment, and prioritize time.
Strong problem solving skills.Estimated Salary: $20 to $28 per hour based on qualifications.
Elliott Turbo
Overview:
This position supports Elliott Groups Industrial Products (IP) business unit. The Analyst prepares a wide variety of financial and business analyses for Finance and Operations. The analyses must include assessments, observations, recommendations and summaries to assist management in taking appropriate actions and decision making. Directs, coordinates and consolidates the Consolidated Industrial Products forecast, annual plan and strategic plan and reports actual results.
Responsibilities:
Forecasting and Planning
Develop and maintain financial models for the consolidation of the IP monthly forecasts and annual financial and strategic plans.
Assist on the balance sheet plan and forecast-responsible for IP inventory and % complete inventory accounts.
Analyze, interpret and make recommendations with regard to operating results compared to forecasts, financial plans, and budgets.
Schedule and coordinate the forecasting process--Bookings, Revenue, Engineering Absorption, and Engineering and Selling Expenses.
Manage the process to ensure that due dates are met.
Develop financial models for use in the analysis process.
Develop and implement improved computerized methods for manipulating and analyzing data.
Become versatile in most areas of financial planning and analysis such that any segment of an overall objective may be assigned and satisfactorily performed.
Continually improve the forecasting and planning process.
Ensure IP backlog accuracy for forecasting and planning purposes.
Develop plan and forecast allocations with the Financial Department and the SBU's.
Develop and prepare ad hoc reports to respond to executive management.
Prepare various financial analysis for Management, BOD Meetings, and Strategic Plan Meetings.
Monthly Closing and Reporting Actuals
Analyze, reconcile, and review monthly revenue and cost for shipped units--prepare financial deviation for over budget projects.
Review and reconcile Actual results compared to Plan and Forecast--explain any variances.
Prepare and upload monthly journal entries in the closing process through Oracle general ledger system.
Prepare monthly balance sheet reconciliation for quarterly review.
Ensure adequate internal control for JSOX.
Financially close IP projects monthly through Oracle.
Analyze and track IP monthly bookings--record and maintain cost budgets in Oracle and Access for new projects booked.
Analyze and track IP departmental expenses and headcount monthly.
Update actuals in the Access database for revenue and margin analysis monthly.
With a working understanding of the % complete revenue recognition process, is responsible for explaining deviation to management.
Forecast and track capital expenditures for a $2-3m budget.
Provide monthly financial data for the IP communication meeting.
Develop and prepare ad hoc reports to respond to Executive Management.
Prepare documentation / reconciliations for the external audit.
Update cost models for all the IP framessemi-annually or upon request--marketing uses for establishing pricing and the CBU.
Develop IP annual burden rates for Engineering departments which is communicated to certain personnel throughout the company.
Assist in the annual physical inventory audit.
Support any special projects.
Qualifications:
Bachelor of Science degree in Accounting, Finance or other relevant degree. MBA is desirable.
Minimum of five years of professional work experience, preferably in a manufacturing setting.
Must be familiar with accounting principles as applied to profit and loss statements, balance sheets, cash flow statements and capital expenditure evaluations.
Strong analytical and communication skills--ability to analyze and communicate variances to management.
Ability to manage multiple assignments, use good judgment, and prioritize time.
Strong problem solving skills.Estimated Salary: $20 to $28 per hour based on qualifications.
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