What are the responsibilities and job description for the Financial Analyst position at Loeb Electric?
Job Summary:
The Financial Analyst will support financial planning, budgeting, forecasting, and reporting for the organization. This role will analyze financial data, optimize costs, and provide strategic insight to improve profitability and efficiency.
Responsibilities
- Prepare and analyze financial reports, including profit and loss statements, balance sheets, and cash flow report.
- Identify trends, risks, and opportunities within financial data to support decision-making.
- Assist in monthly, quarterly, and annual financial closing processes.
- Develop financial models to support budgeting and forecasting activities.
- Collaborate with departments to ensure accurate financial information.
- Analyze costs, including transportation, warehousing, inventory, and payroll.
- Review and analyze sales tax compliance, ensuring accurate reporting.
- Maintain and improve financial databases, ensuring data accuracy and integrity.
- Utilize ERP systems and financial software for analysis and reporting.
- Supports Accounting Manager and Director of Finance to establish accounting policies and procedures aligned with the company’s objectives.
- Respond to ad hoc requests from senior leadership.
- Prepares customer profitability review templates as requested for business analysis.
- Maintains SOP documents on all standard work.
- Fosters a positive work environment and collaborates effectively with all associates and leadership; especially those within the Accounting & Finance team.
- Responds appropriately to vendor, customer, and internal requests.
Qualifications:
- Bachelor's degree in accounting, Economics, or Finance or equivalent experience (MBA or CMA a plus.)
- 2-5 years' financial analysis and modeling experience.
- Advanced knowledge of Excel.
- Financial modeling & Data visualization tools.
- Ability to interpret complex data.
Nice to have:
- Experience in distribution or supply chain.
- Understanding of Supply Chain Finance and distribution metrics.
- Knowledge of GAAP and financial compliance standards.
- Presentation skills
