Senior Financial Analyst - Menomonee Falls, United States - Enerpac Tool Group Corp

Description

Overview:

Enerpac Tool Group is a premier industrial tools and services company serving a broad and diverse set of customers in more than 25 countries. The Companys businesses are global leaders in high pressure hydraulic tools, controlled force products and solutions for precise positioning of heavy loads that help customers safely and reliably tackle some of the most challenging jobs around the world. The Company was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin in the United States. Enerpac Tool Group trades on the NYSE under the symbol EPAC.

Our vision is to be our customers preferred partner through relentless innovation of industrial tools and services that help them safely and reliably tackle their toughest jobs around the world.

For further information on Enerpac Tool Group and its businesses, visit the Company's website at

Summary basic function of the role

Reporting to Enerpacs Global Manager of FP&A, the Senior Financial Analyst - FP&A and Innovation is a key contributor to the financial reporting, planning and analysis function. A primary responsibility of the role is providing primary Finance support for VP of Innovation & Enterprise Transformation & General Mgmt, which includes integration into Enerpacs product development process and projects. Another primary responsibility is helping to drive and coordinate the budgeting and forecasting processes across all global entities. This role also plays a critical role in both external and internal financial reporting processes, in addition to providing support to other team members with various ad hoc financial data requests.

Job Duties and Responsibilities

• Provide primary Finance support for VP of Innovation & Enterprise Transformation & General Mgmt.
• Support all aspects of New Product Development, including:
  • Cost Estimation and Analysis: Analyzing the costs associated with developing new products, including materials, labor, overhead, and other expenses.
  • Cost Modeling and AFE Development: Developing cost models and projections for new product development projects and helping build out a business case to justify investment.
  • Cost Tracking: Monitoring, tracking and reporting actual costs incurred during the new product development process, comparing them to budgeted costs, and identifying variances. This includes cost breakdowns and variance analysis for key touchpoints including stage-gate reviews.
  • Supplier Negotiation: Collaborating with procurement and sourcing teams to negotiate favorable pricing and terms with suppliers and vendors.
  • Value Engineering: Working with engineering and design teams to identify opportunities for cost optimization without sacrificing product quality or performance.
  • Product Roadmap Analysis: Assessing the total cost of ownership for new products over their lifecycle, including not only development costs but also manufacturing, distribution, marketing, and support costs. This helps inform decision-making regarding pricing, profitability, and resource allocation.
• Provide reporting and analytics to support global project work within Product Management, including pricing analytics, business performance assessments and product strategy initiatives.
• Provide Finance support of ATC/PEP CI (Continuous Improvement) team, including leading up finance support on larger projects such as SKU Rationalization and 2nd Brand.
• Work with FP&A Manager to lead and coordinate Enerpacs budgeting and forecasting processes, collaborating with various departments to gather needed inputs and assumptions.
• Identifying opportunities to streamline financial processes, enhance reporting capabilities, and improve the accuracy and efficiency of financial planning and analysis activities. Have a continuous improvement mindset.
• Provide financial support for CI and other cost savings projects impacting corporate and/or global functional groups.
• Provide assistance with acquisition integration activities, as needed.
• Support ONEStream implementation and become reporting super-user who can assist with global training and onboarding.
• Mentor & train FP&A Financial Analyst

Skills and Competencies

• Strongly proficient using electronic spreadsheet, database, word-processing, and graphical presentation software, preferably Microsoft Office applications and specifically Power BI. Oracle and Hyperion (HFM) knowledge is strongly preferred.
• Experience working with product development project teams, helping to coordinate and track cost and other key financial aspects of the project.
• Strong project management and organizational skills, effectively managing competing priorities and deadlines within a fast-paced, challenging, and flexible hybrid work environment.
• Familiarity with ERP systems and financial consolidation tools (preference towards Oracle and OneStream).
• Demonstrated ability to work independently and handle multiple tasks in a fast-paced team-oriented environment.
• Strong interpersonal communication and group presentation skills required.
• Able to handle confidential information.
• Dedicated team member with the ability to drive projects through to completion.

Education and Experience

Education Requirements:

• Bachelors degree in Business with specialization in Accounting or Finance is required.
• MBA, Certified Public Accountant (CPA) and/or Certified Managerial Accountant (CMA) or local equivalent is a plus.

Experience Requirements:

• Minimum 3 plus years of progressive finance experience, preferably in a manufacturing or corporate setting.

Work Benefits

• Hybrid work model of 3 days in the office. Menomonee Falls, WI (Headquartered will be moving to Downtown Milwaukee)
• On-site fitness center with access to wellness coach and live fitness classes.
• Engagement with Employee Resource Groups which can provide leadership and networking opportunities.
• Community Outreach programs embedded in the Companys culture.
• Competitive benefits including paid parental leave, immediate 401(k) vest in company contribution, 3 health insurance options, company HSA contribution, and others.

Physical Demands

Employee will have to be able to walk/climb to a variety of primary work locations. Employee will need to listen, understand, and speak with team members in person, telephonically, and electronically at all levels within a diverse workforce and with supported organizations. Employee is able to work in front of a personal computer and telephone for long periods of time.

Work Environment

Primary work environment is temperature-controlled office setting, but may also include typical warehouse environment on occasion, where following appropriate safety protocols at the location would be required. Employee will be exposed to low levels of noise in an office.

Diversity Statement

We are committed to recruiting, hiring, training, and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status. We will ensure your application is fairly considered and if hired, you will have an equitable opportunity to give your best at work, not because were required to, but because its the right thing to do. Enerpac Tool Group will provide reasonable accommodations within the application process upon your request as required to comply with applicable laws. If you have a disability and require assistance in this application process, reach out to our Talent Acquisition Team for additional information.

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