Financial Analyst

Job Title: Financial Analyst - Inventory & Asset management (Manufacturing)

Job Overview: We are seeking a detail-oriented and results-driven Financial Analyst with a focus on inventory management to join our finance team in a fast-paced manufacturing environment. The ideal candidate will be responsible for analyzing inventory-related financial data and ensuring cost-effective inventory management practices. The Financial Analyst will critically analyze data compared to material usage standards and provide input to support corrective and preventive actions, financial decision-making, improving inventory control, and turnover. This position reports directly to the Plant Financial Controller.

Key Responsibilities:

1. Inventory Analysis & Reporting:
   • Analyze and report on total inventory levels, turnover ratios, and trends.
   • Prepare weekly, monthly, quarterly, and annual reports on inventory costs, for raw materials, work-in-progress, and finished goods and MRO.
   • Track and report on key inventory metrics such as days of inventory, material usage variances, cost of goods sold (COGS), and inventory aging.
2. Costing & Valuation:
   • Assist in inventory valuation and cost accounting, ensuring that inventory is accurately valued based on the standard costing method.
   • Monitor and assess inventory-related costs, including material handling, warehousing, shrinkage, obsolescence, and handling costs.
   • Work with the procurement and production teams to understand the impact of inventory fluctuations on overall cost of goods sold (COGS).
3. Variance Analysis & Continuous Improvement:
   • Perform monthly variance analysis of inventory-related financial metrics and verify the key drivers identified behind discrepancies.
   • Participate in inventory teams and assess inventory cycle counting monthly, quarterly, and for the full year. 
   • Collaborate with the operations, procurement, and finance teams to develop corrective actions for inventory variances within the supply chain
   • Proactively identify areas for improvement in inventory processes, control measures, and financial reporting.
4. ERP & Inventory Systems Management:
   • Maintain accurate data in the ERP system related to inventory movements, including purchases, production, and sales.
   • Ensure that inventory records are up-to-date, accurate, and aligned with physical counts and financial reports.
   • Support the implementation or improvement of inventory management computational systems and work processes.
5. Audit & Compliance:
   • Assist with internal audits and external financial audits to ensure compliance with inventory-related accounting standards and company policies.
   • Maintain proper documentation for inventory transactions and support audit requests.
   • Ensure adherence to internal controls and financial reporting standards related to inventory management.

1. Owner for asset record accuracy and tracking of site capital assets
   • Partner with departments to conduct monthly asset audits to complete site wide status quarterly.
   • Execute fixed asset disposal orders, asset move orders, and asset transfer orders.
   • Maintain a strong system for communication with internal and external resources such as auditors.
   • Maintain the site capital asset register to be up to date and accurate

1. Cross-Functional Collaboration:
   • Work closely with the procurement, operations, and supply chain teams to align financial and operational goals.
   • Provide inventory-related financial insights and recommendations to senior management for strategic decision-making.
   • Support the management team with data-driven recommendations for inventory planning, production scheduling, and procurement strategies.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Supply Chain Management, or a related field or equivalent education and experience.
• Minimum of 2-4 years of financial analysis experience, preferably in a manufacturing environment with a focus on inventory.
• Strong proficiency in financial analysis tools and software, including ERP systems (e.g., Oracle NetSuite) and advanced Excel skills.
• Strong analytical skills, with the ability to interpret financial data and provide actionable insights.
• Strong communication skills, both written and verbal, with the ability to present complex inventory-related financial data to non-financial stakeholders.
• Ability to work collaboratively across multiple departments and contribute to process improvements.

Working Conditions:

• Full-time position based in the manufacturing facility.
• Collaborative work environment with frequent cross-departmental interaction.