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Financial Analyst

Insight Global, Inc. Cleveland, United States
Posted 4 months ago Hybrid Permanent Competitive Salary

Insight Global's aerospace client creates breakthrough products that transform the way we fly, drive, and power. Their wheel systems business unit is a business unit is a global leader in providing safe, strong, lightweight, and innovative aluminum transportation products.

This person will be responsible for compiling, maintaining and analyzing financial data to ensure accurate reporting and support daily business activities. The analyst must be well organized and high-energy and have a passion for the business.

Job Duties and Responsibilities:

This person will analyze financial, operational, and market data to advise on their impact on the location's financial performance. This position is a key role in the facility, given the volume and complexity of inventory in the Wheels Business Unit flow path, as well as the fluctuations in the metal market.

Major Activities and Key Challenges Include:

  • Partnering with manufacturing and planning teams for inventory management and metal cost forecasting
  • Forecasting and analyzing inventory costs, completing detailed variance analysis, including material costs and manufacturing absorption
  • Performing quarterly absorption testing to ensure costs are properly absorbed into inventory.
  • Leading the annual inventory standards review
  • Act as finance lead for inventory control activities; inventory movement & reporting
  • Analyzing flow path decisions and identify potential savings opportunities.
  • Ensuring appropriate internal controls are in place and corporate policy is followed. Leading Sarbanes Oxley compliance around inventory, and demonstrating location controls to internal and external auditors.
  • Providing guidance to manufacturing floor employees, manufacturing supervisors, and leadership team as it relates to all aspects of inventory integrity.
  • Analyzing metal market impact on inventory value
  • Reporting monthly inventory value and variance analysis against budget & forecast
  • Analyzing WIP job variances to understand drivers. Leading the manufacturing organization in understanding and making corrections where necessary
  • Preparing metal accounting monthly JE's, including metal market revaluation, LIFO, and intercompany revenue adjustments
  • Key partner in physical inventory process, including variance analysis and reporting and compliance.

Required Skills and Experience:

  • 2-3+ years of experience
  • Bachelor's Degree in Accounting, Finance, or an adjacent field
  • Experience with cost accounting and handling inventory - this role is very inventory focused
  • Background in a Big 4, large accounting firm, manufacturing environment, or environment where there are high levels of inventory to account for
  • Experience working with a larger ERP system (Oracle, SAP, etc.)
  • Excel skills
  • Motivated and ready to learn, solid communication skills

Nice to Have Skills and Experience:

  • Understanding of manufacturing - this person will be leading the entire physical inventory accounting
  • Background as a Cost Accountant
  • CPA or Master's degree
  • Public accounting experience
  • Experience with the metal industry
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