What are the responsibilities and job description for the Senior Financial Analyst position at Point Eight Power?
Position Summary: The Senior Financial Analyst is responsible for the Company’s annual budgeting, financial forecasting, variance analysis and special projects. The position provides financial consulting and support to the President, senior management and operations personnel. The position includes preparing financial models and presentations, analyzing operating data and financial results as well as other ad hoc reporting. This is a hands-on role that requires working directly with the operations personnel in order to best understand and improve the business. This position will manage the finance function and assist the accounting function for Point Eight Power and interface on a regular basis with the parent company Mission Critical Group LLC.
Budgeting, Forecasting and Analysis
· Prepare the Annual Operating Budget in partnership with the management team.
· Oversee and further develop P&L, balance sheet and cash flow statement budgets and periodic forecasts.
· Prepare revised forecasts taking into consideration changes in the business, customer pipeline and current backlog.
· Provide explanations for monthly material variances from prior expectations.
Financial Reporting
· Prepare daily, weekly, and monthly analytical reports to support the President and corporate finance team.
· Provide guidance to IT to facilitate the creation of reporting and analysis tools in the Company ERP system (IFS).
· Oversee maintenance and distribution of daily percentage of completion flash reporting.
· Manage the preparation of all materials needed for management meetings, flash reporting, business reviews and quarterly board package.
· Partner with each department (e.g., Manufacturing, Engineering, Sales, IT, HR and Safety) to assist the tracking and reporting of key performance indicators.
· Update and monitor key performance indicators and key financial metrics, highlighting trends and analyzing. variances, to understand and be able to communicate the financial health of the business
Projects
· Preparing ad hoc analysis requested from time to time by PE Sponsor and Creditors.
· Develop “post-mortem” project analysis to analyze gross margins by project in IFS.
· Manage rolling 13-week liquidity forecast and weekly cash flow reports.
· Partner with accounting and corporate finance to standardized and align monthly financial reports with budgeting and forecasting models to allow clear and timely variance analysis.
· Other duties as required
