Financial Analyst

Somerset Hardwood Flooring is a leading producer of the finest quality flooring through our investments in innovative machinery, quality materials, and our diverse and skilled team. We are successful because of our commitment to embrace change and challenges and get the right things done! We are seeking a dynamic finance leader with a growth mindset for the role of FINANCIAL ANALYST to join us at our North American (Somerset, KY) location.

We offer a competitive salary, casual and collaborative work environment, as well as competitive benefits including medical, 401k, vacation, and holidays.

About the role:

Somerset Hardwood Flooring is seeking a detail-oriented and strategic Financial Analyst to join our finance team. The ideal candidate will analyze financial data, prepare reports, and offer insights to help the company achieve its financial goals. The Financial Analyst will work closely with the finance team, department heads, and upper management to provide support in budgeting, forecasting, and financial decision-making.

The position will report to the VP, Finance.

Key Responsibilities:

· Financial Reporting & Analysis:

• Prepare accurate and timely financial reports using dashboards and data visualization.
• Conduct variance analysis, identifying trends, discrepancies, and potential areas for improvement.
• Provide insights and recommendations to improve profitability and financial performance.

· Budgeting & Forecasting:

• Budget preparation and forecasting, integrating historical data to create projections and track performance against targets.
• Collaborate with Master Scheduling to ensure budgets are aligned with operations and sales with company objectives.
• Develop interactive financial models to assess budget scenarios and financial forecasts.

· Financial Modeling:

• Build and maintain dynamic financial models, allowing for easy updates and adjustments based on new data or assumptions.
• Perform scenario analysis and evaluate the financial impact of strategic decisions or potential changes to business operations.

· Business Partnering & Decision Support:

• Provide financial insights and recommendations to business leaders and department heads.
• Track key financial metrics and KPIs, and present data in a clear, actionable format for senior leadership.

· Cost Control & Efficiency:

• Monitor and analyze operating costs to identify areas for cost reduction or improved efficiency.
• Ensure adherence to financial policies, internal controls, and compliance with regulations.
• Gross Margin analysis.

Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field.
• 5 years of experience in financial analysis, budgeting, or accounting (specific experience may vary by role).
• Strong proficiency in Excel and financial modeling.
• Proficiency in Power BI (or other data related resources), with creating financial dashboards, reports, and data models.
• Experience with accounting software.
• Solid understanding of financial statements and key performance indicators.
• Strong analytical and problem-solving skills.
• Excellent communication skills, with the ability to present complex data in a clear and concise manner.

Working Conditions:

• Full-time position, Monday-Friday, in Somerset, KY
• Occasional overtime may be required during peak periods (e.g., quarterly, or annual reporting).

Job Type: Full-time

Pay: $70,000.00 - $80,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Referral program
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Ability to Commute:

• Somerset, KY 42502 (Required)

Ability to Relocate:

• Somerset, KY 42502: Relocate before starting work (Required)

Work Location: In person

Salary : $70,000 - $80,000