Financial Analyst

Job Summary

The Financial Analyst is responsible for analyzing product costs across a range of inputs and assisting in determining pricing for finished products for both existing and new customers. This position liaises with the Product Development, Purchasing and Finance as well as Production and Packaging management teams, and interacts with members of the Sales Team.

Duties and Responsibilities

• Analyze product costs, including input material pricing, material usage, and labor and Production Overhead rates to establish appropriate cost per unit.
• Become familiar with the INFOR Syteline Enterprise Resource Planning software, and complete reporting as requested.
• Model the impact of potential input cost increases and determine the impact on Finished Goods prices and gross margins.
• Proactively work with the Finance Team to prepare for company-wide price increases or adjustment.
• Conduct Competitor analysis of product costs based on ingredient composition (reverse cost engineering).
• Collaborate with the Product Development team to improve product costs through substitutions, process change or other design changes.
• Review and advise on potential to negotiate vendor quotes.

Required Qualifications

• Bachelor's degree in industrial engineering, mathematics or economics from a four-year college or university
• Minimum of 5 years’ related experience and/or training or equivalent combination of education and experience
• Minimum 4 years of cumulative experience in one or more of the following:
• Cost Estimation
• Cost Benefit Analysis
• Proficiency using Microsoft Office applications (Excel, Word, PowerPoint, and Outlook)
• Strong quantitative skills and must have demonstrated the ability to apply analytical skills to problem solving

Personal Qualities

Leadership – Proven success in leading high-performance teams, achieving results through others, and being a strong team player
Innovative thinking – Ability to lead innovative and/or transformative projects and strives for continuous improvements
Analytical thinking - Exceptional ability to analyze data and utilize it to make sound business decisions
Customer oriented – Demonstrate strong focus on customer service and client satisfaction while maintaining high ethics and professional integrity in all interactions
Conflict management and resolution skills - Build consensus, anticipate and solve problems
Results focused – Ability to organize and manage multiple, and at times competing priorities
Communication skills – Demonstrate strong communication and collaboration skills necessary to lead and manage teams and projects effectively
Relationship building skills – Ability to work within a dynamic team setting and provide leadership to build and develop strong teams.

Physical Requirements

While performing the duties of this job, the employee is regularly required to talk and hear. This position is very active and requires standing, walking, bending, kneeling, stooping, crouching, crawling, and climbing all day. The employee must frequently lift and/or move up to 25 pounds and occasionally lift or move up to 50 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus. 

Work Environment

This position involves working in a temperature-controlled office environment with standard office hours. However, occasional visits to the food manufacturing plant may be required, where employees must adhere to strict safety and hygiene protocols.

Pay Range

The target salary range for this position is $65,000-$72,000/annually. The actual rate offered will depend on a variety of factors, which may include, as applicable, years of relevant experience. This role is also eligible for an annual incentive bonus plan.