What are the responsibilities and job description for the Financial Planning & Analysis (FP&A), Analyst position at Belt Power?
Financial Planning & Analysis (FP&A), Analyst
Overview:
Belt Power LLC is a full-service distributor and fabricator specializing in the fulfillment of conveyor system requirements for the processing, manufacturing, and material handling industry. We place an emphasis on providing quality, value added components; as well as local service capabilities to support our customers needs. Our product line ranges from all types of conveyor belting, conveying equipment and components, belting accessories, hose and fitting products, plastics, gasket, and power transmission products.
Job Summary:
The FP&A Analyst will play a crucial role in driving financial performance and decision-making for our company. This position will be responsible for financial planning, analysis, reporting, and budgeting. The ideal candidate will have a strong understanding of financial modeling, forecasting, and business analysis, specifically within a manufacturing or distribution environment. Experience with private equity sponsored companies is preferred.
Responsibilities Include:
Financial Planning & Analysis
- Conduct in-depth analysis of key performance indicators (KPIs) such as revenue, cost of sales, expenses, and capital expenditures to identify trends and opportunities.
- Prepare comprehensive financial forecasts and budgets, including P&L, cash flow, and balance sheet projections, aligning with the company's strategic objectives.
- Analyze financial performance metrics, including EBITDA margin, gross margin, and return on investment (ROI), to identify areas for improvement and cost reduction.
- Conduct variance analysis to understand deviations from budget and forecast, providing actionable insights to management.
Reporting & Analysis
- Prepare accurate and timely financial reports, including monthly, quarterly, and annual reports, for internal and external stakeholders.
- Develop and maintain interactive dashboards using Power BI to track key metrics and monitor business performance.
- Conduct ad-hoc analysis to support business decisions, such as pricing strategies, product mix optimization, and capital allocation.
Budgeting & Forecasting
- Collaborate with cross-functional teams to develop annual budgets and rolling forecasts, ensuring alignment with the company's strategic objectives.
- Monitor budget performance and identify potential risks and opportunities, providing timely updates to management.
- Provide insights into the impact of strategic decisions on financial performance, including sensitivity analysis and scenario planning.
Business Partnering
- Partner with operations, sales, and other departments to provide financial support and analysis, enabling data-driven decision-making.
- Work closely with the executive team to communicate financial results and insights, translating complex financial information into actionable recommendations.
Process Improvement
- Identify opportunities to streamline financial processes and improve efficiency, leveraging automation and digital tools.
- Implement new financial systems and tools to enhance data accuracy, reporting capabilities, and overall financial management.
Desired Characteristics:
- Understanding of GAAP and general accounting principles. Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures.
- Review and provide commentary to key stakeholders regarding the monthly results ofthe business.
- Develop and track various KPIs within the organization. Analyze the causes of unexpected variances.
- Direct preparation of budgets, forecasts, financial plans, and cash flow projections.
- Investigate and report on variances between actual and budgeted/forecasted amounts.
- Support the sales team by providing necessary reports to understand business trends
- relating to profitability, margin, product, market, sales channel, etc.
- Make recommendations to management regarding cost saving or profit generating opportunities and profitability improvement strategies. And track such projects.
- Maintain and enhance Power BI.
- Assist in preparing quarterly presentations to the private equity firm.
- Assist with periodic audits and other accounting or finance projects.
- Other projects and duties as assigned that add value and clarity to the bottom line.
Requirements:
- Bachelors degree in accounting, finance, or related field.
- 3-5 years of FP&A experience, preferably in a manufacturing environment.
- 3-5 years of Industrial Distribution and Private Equity experience
- Excellent analytical skills with a strong focus on accuracy and attention to detail.
- Strong grasp of GAAP and general accounting principles.
- Advanced Microsoft Excel proficiency is a must which includes creating pivot tables, formula usage and creating graphs and charts from large datasets.
- Solid knowledge of Microsoft PowerPoint.
- Experience with Power BI or related Business Intelligence tools.
- Superior organization, prioritizing and multi-tasking abilities.
- Strong written and verbal communication skills.
- Ability and desire to quickly learn new processes and systems.
- Ability to work as part of a team and collaborate with colleagues.
- Reliability, integrity, accuracy, teamwork, positive attitude, organized, intelligent, proactive, and adaptable.
Physical Demands:
The Financial Planning & Analysis, Analyst could be in a sitting, standing, bending, kneeling, position for long periods of time.
Work Environment:
While performing the duties of this position, the Financial Planning & Analysis, Analyst will be regularly exposed to working in an office environment. The noise level in the work environment can be loud.
Position Type and Expected Hours of Work:
This is a full-time position in office. Typical workdays and hours are Monday through Friday, 8am to 5pm. Some, overnight, overtime hours and weekend work may be required.
Pay Range: $75,000 - $85,000 a year.
Salary : $75,000 - $85,000
