Financial Analyst

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Provide support for financial planning, cost analysis, inventory management, and reporting in a manufacturing setting.

• Maintain and assess material cost records, standard costs, and associated costing data.

• Execute regular updates of material costs and analyze the financial implications of changes in raw materials, labor, overhead, and supply costs.

• Conduct monthly variance analysis comparing actual results to planned figures for manufacturing expenditures, production efficiency, inventory activities, and cost center outcomes.

• Create financial analytics, dashboards, and reports that detail cost trends, inventory fluctuations, expense performance, anticipated spending, and opportunities for increased efficiency.

• Prepare regular cost reconciliation reports.

• Aid in the budgeting and forecasting processes for manufacturing cost centers.

• Examine inventory valuation, movements, obsolescence, discards, cycle count results, and physical inventory actions.

• Collaborate with Operations, Purchasing, and Finance to explore cost variances, inventory inconsistencies, and opportunities for process enhancements.

• Manage fixed asset records and assess depreciation, capital activities, and associated expense effects.

• Carry out other related responsibilities as assigned.

⛳️ Requirements

• A Bachelor’s degree in accounting, finance, business, supply chain, or a related discipline is preferred.

• A minimum of three years of relevant experience in financial analysis, cost accounting, inventory analysis, or manufacturing finance is required.

• A solid understanding of product costing, standard costing, variance analysis, inventory valuation, and manufacturing cost drivers is preferred.

• Experience in analyzing large datasets and creating financial reports, trend analyses, reconciliations, and actionable business insights is essential.

• Familiarity with US GAAP and SOX concepts is preferred.

• Prior experience with ERP systems is required; familiarity with SAP is preferred.

• Advanced skills in Microsoft Excel are mandatory.

• Experience with analytics or reporting tools is preferred.

🏝️ Benefits

• Earned Bonus Structure – annual merit increases and an annual incentive bonus plan.

• 11 paid holidays each year.

• Paid time off.

• Comprehensive health and welfare plans.

• 401(k) program with an exceptional company match.

• Tuition reimbursement.

• Employee recognition programs.

• Opportunities for career advancement within the organization.

• Company events held throughout the year.