What are the responsibilities and job description for the Financial Analyst position at Melling Tool Co?
SUMMARY
We are seeking a detail-oriented and analytical Financial Analyst to join our team. The ideal candidate will be responsible for analyzing financial data, preparing reports, forecasting future trends, and providing actionable insights to support strategic decision-making. This role requires strong quantitative skills, business acumen, and the ability to communicate complex financial concepts clearly.
We are seeking a detail-oriented and analytical Financial Analyst to join our team. The ideal candidate will be responsible for analyzing financial data, preparing reports, forecasting future trends, and providing actionable insights to support strategic decision-making. This role requires strong quantitative skills, business acumen, and the ability to communicate complex financial concepts clearly.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Analyze manufacturing data such as direct and indirect production labor, inventory, and scrap as necessary to develop reports that help managers make sound business decisions.
- Prepare reports which summarize and forecast company business activity and financial position in areas of income, expenses, and earnings based on past, present and expected operations.
- Investigate trends in manufacturing: efficiency, inventory, scrap and manufacturing variances.
- Research and determine the causes of production variances. Conduct weekly review meetings.
- Analyze manufacturing scrap reports and publish a weekly report illustrating the largest contributors in terms of both dollars and percentage
- Understanding of and improving ERP systems
- Prepare, post, verify and record customer payments and transactions
- Reconcile customer accounts and resolve billing discrepancies
- Assists with monthly closings
- Demonstrate teamwork and respect by working constructively with co-workers to achieve the best results possible
- All other duties assigned by the supervisor or department manager
LEADERSHIP/SUPERVISORY RESPONSIBILITIES
- No supervisory responsibilities.
EDUCATION, EXPERIENCE, KNOWLEDGE, SKILLS AND ABILITIES
- 5 - 7 years of related experience
- Bachelor’s degree or equivalent preferred
- Strong proficiency in Microsoft Excel, experience with financial software (JD Edwards preferred)
- Excellent analytical, organizational and problem-solving skills
- Strong command of basic mathematical, computer and communication skills
PHYSICAL DEMANDS, WORK ENVIRONMENT AND OTHER REQUIREMENTS
- Work in a manufacturing environment
- Exposure to heat, loud noise, dust, odors, dirt/dust and fumes
