What are the responsibilities and job description for the Associate Financial Analyst position at Rolls-Royce Power Systems AG?
Job Description
Title: Associate Financial Analyst
Pioneer the next generation of innovation. Join us and you’ll develop your skills and expertise to the very highest levels, working in an international environment for a company known the world over for its brilliance.
Key Accountabilities:
- Analyze and report country of origin for all consumed materials monthly; maintain a summarized record of material usage year-to-date and historically. Perform ad-hoc material analyses as needed.
- Analyze and report sources of direct variance five times per month or as needed; maintain a record of cost variances and variance resolution over time. Correct any errors in movement, invoicing, receiving, or cost.
- Perform annual cost roll for direct material and in-house material. Cost new or changed materials on an ad hoc basis.
- Analyze and report on additional material cost categories (scrap, QM orders, price difference, etc).
- Actively support the calculation of the government ICE model rates and other governmental projects by downloading and organizing data as needed.
- Assist in make vs buy analyses to ensure that only parts that will reduce cost and increase profit margin are pursued for remanufacture. Periodically review cost in the market to ensure reman remains the best cost option.
- Assist realization controlling of remanufacturing business case as needed to ensure that targets are being met and/or to determine and explain why they are not.
- Prepare daily/ monthly/ quarterly reporting tasks for headquarters and other managers outside of Controlling/ Finance timely. Conduct plausibility checks to ensure accuracy.
- Prepare monthly/ quarterly/ yearly planning/ forecasting tasks for assigned area of responsibility. Conduct actual vs. plan comparisons to analyze variances. Actively manage improvements.
- Ensure accuracy by working closely together with the internal business partners and financial shared service.
- Perform tasks related to month end close. Support co-workers during month end closing process, e.g. cost reconciliation, issuing credits/debits, processing monthly accruals, etc.
- Support internal and external audit tasks for assigned area of responsibility.
- Support special projects and miscellaneous ad-hoc requests as assigned including but not limited to preparation of financial analysis, evaluation of best alternatives & recommendations including scrubbing of legal cost allowance for governmental rates.
- Support internal control system and financial audits. Provide sufficient evidence of control timely.
- Trusted to deliver excellence to our (internal) customer and other stakeholder
- Develop and continuously improve FiCo tools, methodology, processes and IT systems
- Understand functions, responsibilities and procedures utilized in various financial departments.
- Maintain knowledge of developments in the field of finance, controlling and economic theory.
- Keep management actively abreast of progress, developments and pending problems.
- Promote a compliance culture in area of responsibility and live the letter and the spirit of the Rolls-Royce Code of Conduct.
- Maintain a clean and safe work environment
Basic Requirements:
- Bachelor’s degree in Finance, Accounting, Economics, or Business Administration or four years’ experience as a corporate controller.
- Must be available to work flexible hours.
- In order to be considerate for this role, you must be a U.S. Citizen or a U.S. Permanent Resident.
Preferred Qualifications:
- Knowledge of SAP systems
- Good knowledge of economic and accounting principles and practices (GAAP and IFRS), financial markets, and the analysis and reporting of financial data
- Able to work independently
- Proficient in PC and MS Office Suite
- Good analytical and problem-solving ability
- Good organization, planning and follow-up skills
- Good interpersonal skills and the ability to work effectively with others
- Good oral and written communication skills
- Good presentation skills
- Knowledge of Rolls Royce Solutions Internal Control Systems
- Knowledge of Rolls Royce Solutions or comparable diesel products and their applications
- Knowledge of cost allowances for governmental rates
- Proficient in German language
Work Environment:
- Reasonable accommodations may be made to enable an individual with disabilities to perform essential job functions.
- Daily work is performed in an office environment.
- This position has a Monday through Friday work schedule, as business requires.
- While performing duties of this position, the employee is occasionally required to stand, kneel, crouch, reach, and/or grasp, and is regularly required to sit and use hands to manipulate small items such as a keyboard or mouse.
- Specific vision requirements for this position include close vision, and the employee must have the ability to adjust focus.
Rolls-Royce is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to any protected characteristics.
At Rolls-Royce, we are committed to creating a workplace where all employees feel respected, supported, and empowered to do their best work. We foster a welcoming and innovative work environment that invests in you, giving you access to an incredible breadth and depth of opportunities where you can grow your career and make a difference.
Job Posting Date
Pay Range
Location:
Benefits
Rolls-Royce provides a comprehensive and competitive Total Rewards package that includes base pay and a discretionary bonus plan. Eligible employees may have the opportunity to enroll in other benefits, including health, dental, vision, disability, life and accidental death & dismemberment insurance; a flexible spending account; a health savings account; a 401(k) retirement savings plan with a company match; Employee Assistance Program; Paid Time Off; certain paid holidays; paid parental and family care leave; tuition reimbursement; and a long-term incentive plan. The options available to an employee may vary depending on eligibility factors such as date of hire, and employment type.
The Business Unit Power Systems of Rolls-Royce provides world-class power solutions and complete life-cycle support under our product and solution brand mtu. Through digitalization and electrification, we strive to develop drive and power generation solutions that are even cleaner and smarter and thus provide answers to the challenges posed by the rapidly growing societal demands for energy and mobility.
We deliver and service comprehensive, powerful and reliable systems, based on both gas and diesel engines, as well as electrified hybrid systems. These clean and technologically-advanced solutions serve our customers in the marine and infrastructure sectors worldwide.
Salary : $58,656 - $79,051
