Financial Analyst - Cleveland, United States - Insight Global

Insight Global Cleveland, United States

6 days ago

Full time

Description

Insight Global's aerospace client creates breakthrough products that transform the way we fly, drive, and power. Their wheel systems business unit is a business unit is a global leader in providing safe, strong, lightweight, and innovative aluminum transportation products.

This person will be responsible for compiling, maintaining and analyzing financial data to ensure accurate reporting and support daily business activities. The analyst must be well organized and high-energy and have a passion for the business.

Job Duties and Responsibilities:

This person will analyze financial, operational, and market data to advise on their impact on the location's financial performance. This position is a key role in the facility, given the volume and complexity of inventory in the Wheels Business Unit flow path, as well as the fluctuations in the metal market.

Major Activities and Key Challenges Include:

Partnering with manufacturing and planning teams for inventory management and metal cost forecasting
Forecasting and analyzing inventory costs, completing detailed variance analysis, including material costs and manufacturing absorption
Performing quarterly absorption testing to ensure costs are properly absorbed into inventory.
Leading the annual inventory standards review
Act as finance lead for inventory control activities; inventory movement & reporting
Analyzing flow path decisions and identify potential savings opportunities.
Ensuring appropriate internal controls are in place and corporate policy is followed. Leading Sarbanes Oxley compliance around inventory, and demonstrating location controls to internal and external auditors.
Providing guidance to manufacturing floor employees, manufacturing supervisors, and leadership team as it relates to all aspects of inventory integrity.
Analyzing metal market impact on inventory value
Reporting monthly inventory value and variance analysis against budget & forecast
Analyzing WIP job variances to understand drivers. Leading the manufacturing organization in understanding and making corrections where necessary
Preparing metal accounting monthly JE's, including metal market revaluation, LIFO, and intercompany revenue adjustments
Key partner in physical inventory process, including variance analysis and reporting and compliance.

Required Skills and Experience:

2-3+ years of experience
Bachelor's Degree in Accounting, Finance, or an adjacent field
Experience with cost accounting and handling inventory - this role is very inventory focused
Background in a Big 4, large accounting firm, manufacturing environment, or environment where there are high levels of inventory to account for
Experience working with a larger ERP system (Oracle, SAP, etc.)
Excel skills
Motivated and ready to learn, solid communication skills

Nice to Have Skills and Experience:

Understanding of manufacturing - this person will be leading the entire physical inventory accounting
Background as a Cost Accountant
CPA or Master's degree
Public accounting experience
Experience with the metal industry

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