Financial Analyst
Location: Huntley, IL
Financial Analyst
- Nationally recognized equipment manufacturer recently expanded its organization and is hiring for an entry-level Financial Analyst
- Company has a successful 89-year history with sales reaching approximately $2 billion.
- Strong commitment to providing excellent benefits, work-life balance, a family-oriented environment, and opportunities for career growth
- Only considering candidates located in Huntley, IL
- Hybrid role combining financial analysis and accounting principles
Responsibilities:
- Prepare detailed analysis reports, present findings, and propose recommendations for process and policy changes to reduce costs and maximize profits based on financial data
- Identify factors impacting production costs and suggest improvements to ensure accurate cost measurement
- Analyze and provide cost variance reports for products, projects, machinery, etc.
- Perform cost-volume-profit (CVP) analysis
- Collaborate with the finance team to evaluate labor rates, depreciation, and overhead, and suggest enhancements for better financial outcomes
- Assist in setting standard costs for manufactured products
- Review costs associated with various business processes, such as plant administration, labor, and shipping
- Provide input for monthly financial projections, including identification of potential cost issues that may impact forecasted costs and profitability
- Support plant employees in correcting ERP system errors affecting inventory movement
- Monitor project expenses and ensure proper timing of capitalization
- Maintain accurate fixed asset records
Requirements:
- Bachelor's degree in accounting or a related field is required
- 0-2+ years of experience in Cost Accounting or a related accounting role
- Thorough understanding of accounting principles
- Keen attention to detail and exceptional organizational skills
- Strong analytical and problem-solving abilities, with advanced proficiency in Excel
- Experience with ERP accounting applications is preferred
- Excellent presentation and report-writing skills
- Effective written and verbal communication skills