What are the responsibilities and job description for the Financial Analyst II position at Shapiro Metals?
Financial Analyst II – Metal Recycling Industry
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Reports to: Finance Manager Department: FP&A
Classification: Exempt Date Modified: 12/13/2024
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Position Overview:
We are seeking a detail-oriented and analytical Financial Analyst to join our team in the metal recycling industry. This role will be responsible for providing financial analysis, reporting, and insights to support business decisions. The successful candidate will work closely with management and operational teams to optimize financial performance and improve business processes related to the recycling of ferrous and non-ferrous metals.
Key Responsibilities:
- Financial Analysis and Reporting:
- Track and analyze revenue, costs, margins, and profitability, focusing on material costs, pricing fluctuations, and operational efficiency.
- Provide detailed financial reports and forecasts to senior management, highlighting key trends in market conditions and material prices.
- Analyze transportation cost and efficiency, including route optimization, average weight per truck, internal vs external carries, and fleet management.
- Conduct variance analysis to identify discrepancies between budgeted and actual performance, providing actionable insights for cost-saving initiatives and revenue growth.
- Budgeting and Forecasting:
- Assist in the preparation of annual budgets and long-term financial.
- Monitor key performance indicators (KPIs) related to processing, inventory management, and recycling yield to ensure alignment with financial goals.
- Develop and maintain models to forecast metal prices, recycling volumes, operational costs, and other factors influencing profitability.
- Collaboration and Communication:
- Collaborate with operational, sales, and supply chain teams to develop financial strategies that improve business performance.
- Communicate financial insights and recommendations to business leaders, ensuring clear understanding of complex financial data.
Qualifications:
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Education:
- Bachelor’s degree in Finance, Accounting, Economics, or a related field.
- Professional certification (CFA, CPA, or CMA) preferred.
- Experience:
- Minimum of 4 years of experience in financial analysis, ideally within the manufacturing, recycling, transportation, or commodities industries.
- Skills:
- Strong financial modeling, analysis, and reporting skills.
- Proficient in Excel and financial management software
- Solid understanding of cost accounting, budgeting, and forecasting techniques.
- Excellent communication skills with the ability to present complex data to various stakeholders.
- Personal Attributes:
- Detail-oriented, with the ability to analyze and interpret large volumes of data.
- Ability to work independently and in a collaborative team environment.
- Strong problem-solving and critical thinking abilities.
- Ownership mindset.
Why Join Us?
- Be part of the solution, we’re here to make the world a better place by increasing sustainability
- Competitive salary and benefits package.
- An inclusive work environment with opportunities for professional growth.
If you are passionate about the financial aspects of the metal recycling industry and want to contribute to a more sustainable future, we encourage you to apply!