Manufacturing Plant Financial Planning and Analysis - FP&A

Job Description

Plant FP&A Specialist provides financial support to the company's management team, contributing to short-term and long-term PLANT target setting, action plan definition, and monitoring. This role collaborates with various departments to produce detailed financial analysis and reporting, enabling informed decision-making and driving production efficiency and plant profitability.

Essential Functions, Duties, And Responsibilities

Tasks may include, but are not limited to the following:

• Inventory valuation methods experience
• Standard cost setting (Standard cost evaluation vs actual, Overhead and hour rate calculation, material price standard vs actual)
• Plant efficiencies report- quantities, labor productivity, Earned hour analysis
• Hour rate per department and plant elaboration and monitoring
• Stock monitoring (commodities evaluation), Purchase Price Variation (PPV) analysis
• Production orders variances
• Analysis of variations between forecasting, budget, and actual results (P&L and BS), according to organization specialized control model, systems, procedures, timeline
• Inventory excess and obsolete reserve and analysis
• Plant postprocessing of error records from automatic good movements
• Investment’s Return of Investment (ROI) monitoring, new investments evaluation (desired)
• Develop strategic insights and recommendations for investments, cost reduction, and other business decisions (desired)
• Implement and manage planning and control systems to ensure timely and accurate management accounts, focusing on production efficiency and plant profitability, cost reduction and inventory (desired)
• Support management in coordinating the programming process, including quarterly forecasts and ad-hoc financial analyses (desired)
• Provide comprehensive reporting on structure costs and industrial operations (desired)
  
  
  

Qualifications: Education, Experience, and Skills

Required:

• Bachelor’s degree in accounting/finance or a related field.
• Professional experience in a similar role: 3-5 years in a manufacturing environment preferably multinational company
• Excel, SAP (required)
• Business Analytics (required)
• Power BI tools. Example Qlik sense (desired)
• Dashboard creation (desired)
  
  
  

Associated Knowledge, Skills, And Abilities

• Financial Risk Management: Ability to analyze and manage financial risks to minimize costs and ensure stability.
• Control Model & Cost Accounting: Expertise in producing and evaluating control systems for effective financial management.
• Business Advisory: Ability to identify new business opportunities and conduct financial evaluations to enhance value creation.
• Planning & Forecasting: Proficiency in supporting business planning and evaluating results against key performance indicators.
• Big Data Analytics: Capable of building analytics systems and translating information into actionable business solutions.
  
  
  

Core Job Competencies

To perform the job successfully, an individual should demonstrate the following job competencies:

• Cooperation/Teamwork – Works harmoniously and contributes to building a positive team spirit, responding positively to instructions and procedures.
• Oral/Written Communication – Expresses oneself clearly in conversation and business writing, listens, and gets clarification while following work instructions.
• Attention to Detail – Effectively processes detailed information and follows verbal and written instructions.
• Attendance/Punctuality - Is consistently at work and on time and instills same in team members supervised.
• Fostering Innovation – Ability to develop, sponsor, or support the introduction of new and improved methods, procedures, or technologies
• Managing Work - Establishes a course of action for accomplishing specific goals by planning proper assignments.
• Results Orientation – Focuses on desired results, setting challenging goals, and meeting or exceeding them.
  
  
  

License/Certification

Preferred: N/A

Working Environment & Conditions/Physical Requirements

• Environment: Hybrid (office-home office)
• Physical Requirements: Sedentary work with occasional lifting of up to 10 pounds.
• Travel Requirements: Minimal travel required; occasional trips as necessary.
  
  
  

Equipment or Machines Routinely Used in This Position

• Office equipment, including computer, keyboard, and mouse.
  
  
  

Review Procedures

A regular review and evaluation of the team member’s work performance will be conducted.