What are the responsibilities and job description for the Financial Analyst position at Hammond Power Solutions?
HPS Micron Group LLC is a leading manufacturer based in the United States, specializing in customizing and producing advanced transformer solutions. As part of the global Hammond Power Solutions network, HPS Micron Group LLC is committed to providing cutting-edge transformers that play a crucial role in changing electrical power, making them usable in control circuits within power panels that control equipment and machinery in the areas of industrial manufacturing, food services, retail, entertainment, HVACO, oil and gas and elevators/escalators. Our expertise in designing dry-type transformers and related technologies has positioned us as an industry leader for over a century. We seek a Financial Analyst to join our team and contribute to our continued growth. Come grow with us!
The Financial Analyst reports directly to and assists the Controller/US Accounting Manager. The Financial Analyst is responsible for supporting the preparation of consolidated annual and quarterly financial statements, preparation and posting of monthly journal entries, assisting in preparing specific internal management reports, and assisting with corporate audits.
Key Responsibilities Include
Financial Reporting
Some Of The Benefits Of Working At Hammond
We are Great Place to Work Certified! Our people work hard for us—so we make sure our benefits work hard for them. Our equitable pay, benefits, and practices prioritize security, health, and well-being while sharing in our business success through variable pay programs.
Our core benefits focus on wellness, mental health, and financial security when employees need them the most, early career or getting ready for retirement. We also support work-life balance through flexible work schedules, paid time off, and leaves of absence. Employees and their families also have access to our confidential, best-in-class Employee and Family Assistance Program (EFAP).
We are committed to sustainable business practices and offer opportunities for our employees to support the communities where we live and work through our Hammond Giving Strategy. SC1
#HP
The Financial Analyst reports directly to and assists the Controller/US Accounting Manager. The Financial Analyst is responsible for supporting the preparation of consolidated annual and quarterly financial statements, preparation and posting of monthly journal entries, assisting in preparing specific internal management reports, and assisting with corporate audits.
Key Responsibilities Include
Financial Reporting
- Accounting and Compliance – IFRS and US GAAP
- Collaborate with the Controller/US Accounting Manager in preparing the internal consolidated HPS financial results, including a detailed review ensuring completeness and accuracy per the established reporting deadlines.
- Preparation of account reconciliations on a regular basis
- Prepare, review, and analyze ad hoc information requirements as they are requested.
- Oversee reconciliation of intercompany transaction with subsidiaries and entities.
- Lead monthly department expense review meetings with Managers to ensure accuracy and appropriate management by departments.
- Prepare and enter monthly journal entries.
- Prepare and review monthly commissions
- Update weekly surcharges in connection with Ops review and charge customers monthly
- Assist with preparing annual audit lead sheets and working papers as requested.
- Provide auditors with support and analysis
- Ad-hoc cost rolls
- Support annual standard cost roll
- Inventory reporting and analysis
- Investigate shipping and inventory issues as they arise
- Ensure monthly reporting incorporates the appropriate/consistent budget and forecast values.
- Assist in preparing budget details for department Managers.
- Respond to questions about budget details as required.
- Provide backup support to all functions within the Finance Department
- Ensure a culture of continuous improvement in the policies, systems, processes and methods of the supported functions.
- Develop understanding of the Business Intelligence Cube and utilize information to support other functions or information requests.
- Working closely with Controller/US Accounting Manager, IT ERP project manager(s) and IT teams to develop enhancements to ERP system and troubleshooting problems.
- Identify and implement continuous improvement opportunities through Transform initiatives.
- Plan and implement other department specific projects as required
- Financial reporting development as required.
- Complete budget analysis
- Bachelor’s Degree in Finance or field. Masters Degree or CPA designation preferred.
- 5 years of experience working in the Finance.
- Strong working knowledge of both IFRS and U.S. GAAP.
- Excellent computer skills - excel, word, project.
- Strong organizational and communication skills.
- Ability to work under pressure and to deadlines.
- Ability to define problems, collect data, establish facts and draw valid conclusions.
- Ability to interpret an extensive variety of technical and business information and deal with several abstract and concrete variables.
Some Of The Benefits Of Working At Hammond
We are Great Place to Work Certified! Our people work hard for us—so we make sure our benefits work hard for them. Our equitable pay, benefits, and practices prioritize security, health, and well-being while sharing in our business success through variable pay programs.
Our core benefits focus on wellness, mental health, and financial security when employees need them the most, early career or getting ready for retirement. We also support work-life balance through flexible work schedules, paid time off, and leaves of absence. Employees and their families also have access to our confidential, best-in-class Employee and Family Assistance Program (EFAP).
We are committed to sustainable business practices and offer opportunities for our employees to support the communities where we live and work through our Hammond Giving Strategy. SC1
#HP
