What are the responsibilities and job description for the Financial Analysis Lead / Sr. Business Analyst position at Quantum Search Partners?
Job Description
Job Description
About the Role
Our client, a leading global automaker is seeking a talented Financial Analysis Lead to join their growing finance & accounting team.
The Financial Analysis Lead independently plans (budget, forecasts, outlook), creates and analyzes Warranty / Goodwill / Service Contract related provisions and liabilities. On a monthly basis this role provides actual / plan variance analysis of the financial result and creates reporting to senior management. This position also performs quarterly studies of Warranty / Goodwill / Service Contracts provisions and liabilities to ensure appropriate reserve levels. Further this position leads the development and implementation of tools to enhance and automate accounting processes.
WHAT AWAITS YOU.
Lead the financial analysis of the monthly, quarterly and annual financial statements (balance sheet and P&L) against budget, forecast and prior year actuals (total company analysis by segment and product line) and create reporting to senior management. Additional analysis of consolidated group view against budget / forecast in close collaboration with controlling.
Lead the monthly Financial Statement Meeting and explain variances and overall business developments to head of accounting and head of controlling.
Independently plan LRP, Budget, Forecast and Outlook for all aspects of provisions for Warranty, Goodwill (>
2 billion), as well as deferred revenue positions for Roadside Assistance, Scheduled Maintenance, Maintenance Plan Upgrades and CPO Protection (>
1.5 billion)
Cross-functional collaboration with multiple business departments on all management levels to lead the monitoring of program profitability / loss for service contracts on a vendor code / program level. Independently provide timely analyses, reporting of developments and proposals regarding program structure, pricing, efficiencies, and other revenue enhancing and cost savings opportunities as applicable to direct and upper management.
Collaborate with multiple business departments on all management levels in order to align and understand the most current trends and to determine appropriate cost per unit for Warranty and Goodwill provisions.
Independently organize and facilitate quarterly management briefing related on Warranty / Goodwill / Maintenance Plans / Recalls and coordinates the preparation with various process partners.
Lead quarterly study of Warranty & Goodwill provision as well as Maintenance (Scheduled & Upgrades) and CPO Protection in order to ensure the appropriateness of provisions and reserves in books.
Serve as a subject matter expert specifically related to warranty provisions and deferred revenue positions while ensuring effective system utilization, accuracy of data flowing through systems.
Continuously drive initiatives to automate processes as well as development of any new systems and any enhancements to current systems in close collaboration with IT in the area of Financial Analysis and Warranty.
Independently prepare ad hoc tasks for direct and upper management (analyses, presentation, estimates).
Independently investigate topics regarding fundamental accounting treatments under IFRS for all balance sheet and profit and loss statement items.
Verify that internal accounting controls related to accounting processes are in place and effective.
Work with and provide explanations to external auditor (PwC) for the annual audit and mid-year review.
WHAT YOU SHOULD BRING.
Bachelor's degree, Major in Accounting
7 years of experience in accounting / finance
5 years experience in cost accounting, public accounting or general accounting.
Broad knowledge of general accounting topics
Advanced knowledge of International Financial Reporting Standards
Strong analytical skills and proficiency in Excel
Advanced use of BI tools (Tableau, QLIK, Power BI)
WHAT YOU CAN LOOK FORWARD TO.
Medical, Dental, and Vision insurance
401(k) with Company match and Retirement Income Account
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