What are the responsibilities and job description for the Financial Analyst position at Precision Castparts Corp.?
Position Summary :
The Financial Analyst performs accounting and finance functions related to financial processes, reporting, analysis, costing and interpretation and provides input to management and guidance to other Finance and Operations personnel regarding these functions. This position reports to the Controller.
Primary Duties & Responsibilities :
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. In performing functions, duties or tasks, employees are required to know and follow safe work practices, and to be aware of Company policies and procedures related to job safety, including safety rules and regulations. All functions, duties or tasks are to be carried out in an honest, ethical and professional manner, and to be performed in conformance with applicable Company policies and procedures. In the event of uncertainty or lack of knowledge of Company policies and procedures, employees are required to request clarification or explanations from superiors or authorized company representatives.
- Analyze Financial Information :
- Assist with month end closing processes, maintain the general ledger, generate monthly journal entries and reconcile accounts.
- Prepare and analyze financial statements and internal reports and provide summaries and recommendations to management regarding financial activities.
- Prepare daily, weekly, monthly, quarterly, and annual reporting.
- Provide financial analysis and reporting on results and trends of operations like WIP, days of inventory, throughput, etc.
- Assist with product cost analysis (actual vs standard) and cost savings calculations, creating budgets, forecasts and activity rates.
- Develop a strong understanding of the Financial and ERP systems and the ability to data mine.
- Budgeting and Forecasting
- Prepare and maintain budgets, forecasts, and financial reports.
- Monitor and analyze key performance indicators (KPIs) to identify trends and opportunities for improvement.
- Collaborate with Cross Functional Teams
- Work closely with various departments (such as accounting, purchasing, and logistics) to align business goals with financial performance.
- Analyze variances in expenses and identify revenue and expense trends.
- Strategic Decision Support
- Conduct financial and profitability analysis for new products, projects, or initiatives.
- Assist in the preparation and review of business plans, financial projections, and investment proposals.
- Assist Sales with pricing recommendations on requests for quotes from our customers.
- Process Improvement
- Evaluate and recommend improvements to existing financial systems and processes.
- Participate in audits and internal control assessments to ensure compliance with financial regulations and standards specific to the manufacturing industry.
- Create and maintain adequate and appropriate procedural documentation.
- Audit Support
Provide audit support through the generation of timely, accurate schedules and documents.
Required Skills : ITAR Requirements :
Experience and Education :
Department & Reports to :
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Salary : $77,600 - $116,400
