Sr Financial Analyst

Company: Meritor
Location: Florence
Posted on: June 26, 2022

Job Description:

Job Flexibility -
--- - - -Onsite: This position requires an employee to be on-site on a full-time basis. Why work for us
We run together. We're stronger together. You belong here.
At Meritor, we live by the Meritor Code - our shared commitment to be our best. Each one of us contributes to our culture rooted in driving innovation and championing inclusion for all. Our success has always been centered on collaboration, bringing together diverse talent and ideas to drive innovation and promote continuous learning. We empower our team members to do what's right for our customers and each other every day, championing flexible and sustainable teamwork where everyone feels valued and can make an impact. - Overview -
The Senior Cost Financial Analyst is a key member of the North American (NA) Aftermarket Finance team who will have responsibility for all costing activity within the North American Aftermarket. This individual will be expected to have a thorough knowledge of the costing process across all systems. The ideal candidate should be someone who is always looking for ways to improve and simplify existing processes and is comfortable driving the improvements themselves.The Senior Analyst will report directly to the Finance Manager, Operations and Costs (located in Florence, KY) and can be located either at the NA Aftermarket headquarters in Florence, KY (near Cincinnati) or at the manufacturing facility in Plainfield, IN (near Indianapolis). Job Responsibilities: --- - - -Lead the costing process for all NA Aftermarket locations, which includes the annual standards roll in addition to costing activities throughout the year
--- - - -Proactively evaluate the costing process and systems, identify and implement solutions to improve, standardize, and simplify the costing
--- - - -Responsible for the accuracy of the NA Aftermarket annual standard cost which includes:
- - - -o - - -Calculate the appropriate standard costs for material, freight, duty, labor, burden, scrap, new for used, and core elements
- - - -o - - -Coordinate with various business unit functions including operations, packaging, purchasing, materials, and logistics
- - - -o - - -Analyze year over year variances to ensure accuracy and provide explanations for larger variances
- - - -o - - -Coordinate with inter-plant locations to ensure timely cost roll
- - - -o - - -Accurately and timely load all updated standard costs into the ERP system
- - - -o - - -Ensure compliance with Meritor Financial Policy and Guidelines
--- - - -Develop a thorough understanding of labor and burden performance and expectations, proactively identify risks so they can be appropriately and timely mitigated
--- - - -Actively participate in operational meetings to discuss risks and opportunities
--- - - -Proactively give sound advice and analysis to assist the operations team with making good business decisions
--- - - -Assist the Finance Manager with preparing and evaluating operational appropriation requests, review for appropriateness, and include all applicable support to ensure maximized return on company funds
--- - - -Actively engaged with the business to identify and implement process improvements
--- - - -Ensure all core accounting is accurately reported and appropriately supported
--- - - -Analyze and record monthly inventory transaction journals including purchase price variance, absorption, cost of sales, interplant purchases/sales, and core entries
--- - - -Reconcile inventory and other cost accounts from sub-ledger to general ledger. Prepare trend analysis to identify anomalies. Monitor problem accounts or activity including core, in-transit, interplant, A/P interface, and other transactions.
--- - - -Resolve differences and publish results.
--- - - -Prepare and enter other journal entries as needed
--- - - -Ensure that work processes and initiatives are undertaken in a fiscally, legally and operationally responsible manner and are subject to review and/or audit on a regular basis
--- - - -Limit financial exposure by ensuring compliance with corporate policies and support remediation of any deficiencies
--- - - -Actively participate in the annual physical inventory process to ensure accuracy and compliance with Meritor Financial Policy
--- - - -Support internal and external audits as required
--- - - -Ensure thorough documentation of key tasks and processes

Job Requirements:
--- - - -Degree in Business Administration with emphasis in Finance or Accounting is required
--- - - -MBA and/or CPA/CMA a plus but not required
--- - - -Minimum 3 -years cost accounting / financial analysis experience
--- - - -Prior standard cost experience required
--- - - -Prior physical inventory and/or cycle count experience required
--- - - -Strong analytical and organization skills
--- - - -Strong verbal and written communication skills
--- - - -Ability to function in a changing environment and meet scheduled deadlines
--- - - -Strong Microsoft Office Excel, Word, PowerPoint, and Access skills required
--- - - -Experience with Oracle and/or AS400 is a plus but not required
--- - - -Minimal travel - approximately 5%, primarily between Florence and Plainfield (can typically be day or overnight trips) Bonus Potential -
This position is eligible for Meritor's Incentive Compensation Plan, which offers payouts based on company performance, job level, and individual performance. Benefits
Meritor provides a comprehensive total rewards benefit program. Options include medical, dental, vision, Health savings account, flexible spending accounts, retirement savings plan, sickness and accident benefits, life insurance, paid vacation & holidays, employee assistance program, vehicle discounts and more. Diversity Statement
At Meritor, all are welcome. Our focus is on creating a people-focused culture that enables each one of us to perform at our best. Celebrating the uniqueness of our individual team members helps us build diverse teams where we all can thrive. At Meritor, we run together. You belong here. Equal Employment Opportunity Statement
Meritor is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.

Keywords: Meritor, Cincinnati , Sr Financial Analyst, Professions , Florence, Ohio