Senior Financial Analyst
Job Description
Eaton’s IS VEH EMB division is currently seeking a Senior Financial Analyst. Relocation assistance is provided and this position sit in our Carol Steam, IL site.
The expected annual salary range for this role is $86000 - $126000 a year. This position is also eligible for a variable incentive program.
Please note the salary information shown above is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.
What you’ll do:
Eaton’s Vehicle Group, Royal Power Solutions business is currently seeking a Senior Financial Analyst to join our team at the Carol Stream, IL manufacturing facility. Relocation assistance is available for this position.
We make the electric revolution work. Every day, we work to improve people’s lives and the environment by making power management technologies that are more reliable, efficient, safe and sustainable.
Preparing for the electrified future of mobility takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours.
Our team is collaborating with companies to innovate the transportation technologies of the future, creating efficient vehicles that travel faster, farther, higher and safer at a lower overall cost to the consumer and the environment.
Position overview
The Senior Financial Analyst is responsible for providing financial examination and support to plant management while ensuring the integrity of financial reporting within the guidelines of GAAP, Sarbanes Oxley, Eaton financial policies, procedures, and applicable tax codes. Key responsibilities include analysis of systems and review of plant costing and accounting activities, providing recommendations and performing actions to ensure efficiency in both the manufacturing and the administration areas. The Senior Financial Analyst is a key member of the Accounting department and reports to the Plant Finance Leader.
Essential functions:
- Support in month end financial closings, preparing journal entries, variance analysis and financial reporting
- Assist with the preparation of monthly forecasts, annual profit plan, strategic plan, operating reviews and reporting of financial data and analysis
- Research, compile and analyze financial data; present summarized results and recommendations to management. Review and evaluate financial results for accuracy, consistency, and transparency. Maintain integrity of financial results
- Help review balance sheet reconciliations to ensure no variances on the balance sheet
- Prepare special projects and operational reports for presentation to plant and/or division management as well as work to design, develop, and execute improved financial processes
- Assist in resolving accounting problems related to the plant and complying with corporate requirements
- Provide guidance and education as needed to plant personnel on financial objectives and means of achievement
- Monitor, maintain, and report all plant cost out project results
- Review and analyze production jobs to understand variances, inventory movement, and perform closures once orders are complete
- Partner with materials team to ensure inventory controls and compliance
- Support inventory reviews with cross functional teams to minimize excess and obsolete and maintain healthy inventory levels
- Review production scrap, sale of scrap, and operational performance to understand drivers and potential opportunities
- Lead capital project accounting for plant including budgeting, recognition of expense, and tracking and closing projects as needed
- Create complex, global, multi project CARS to obtain senior management approval for capital spend. All costs pertaining to purchases, services, internal resources, and external consultant work are evaluated based on prescribed accounting rules to determine the appropriate classification
- Host meetings with local finance personnel and project managers to understand the extent of progress made and supporting the monthly accruals for capital and expense
- Perform monthly reconciliations and monitoring for Plex and Oracle transactions, including construction in progress accounts and any operational data, to minimize variances between Plex ERP and Oracle modules
Qualifications:
Required (Basic) Qualifications
- Bachelor’s Degree in Accounting, Finance or Business from an accredited institution
- Minimum of three (3) years of experience in financial planning, analysis and/or performance reporting
- Must be legally authorized to work in the United States without company sponsorship both now and in the future
Preferred qualifications
- Strong understanding of SOX/US GAAP
- Experience in a plant/manufacturing environment
Continued Process Improvement
Master in excel - Knowledge of financial analysis, ledger accounting, standard costs and business management processes
- Strong knowledge in the creation of project budgets, the accounting close and forecast processes
- Broad knowledge of key operational systems including sales inventory operations planning (SIOP), materials planning systems (MRP), enterprise resource planning (ERP) and quality systems with diverse experience managing varied and complex manufacturing processes
- Intermediate to expert level proficiency in Microsoft Excel and Office
- Bilingual skills in Spanish
- Plex and Oracle ERP System experience
Skills:
Position Success Criteria:
• Ability to analyze and interpret financial and operational data
• Strong attention to detail, ability to maintain several multiple responsibilities simultaneously and a willingness to investigate all areas of the P&L
• Ability to understand, interpret and implement corporate policies and procedures
• Ability to determine costs that qualify for capital versus expense
• Excellent written and oral communication skills - ability to develop and maintain positive relationships
• Eagerness to learn, ask questions and challenge assumptions
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
We provide benefits that are industry competitive and focused on employee well-being. Listed below are programs that are offered globally, but program availabilities may vary by site.
• Flexible work options to help balance work/life demands (at participating Eaton sites)
• Healthcare/retirement savings programs
• Competitive compensation packages to reward skills and performance
• Tuition assistance or financial help for ongoing learning and development
• Health, Dental, Vision & Wellness programs
• Donation matching (U.S., Canada, Puerto Rico)
All positions may require participation in video and in-person interviews as part of the hiring process. All candidates will be evaluated based on job-related competencies, and all candidates’ privacy rights and data security will be protected in accordance with applicable laws.
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
Eaton believes in second chance employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws.
You do not need to disclose your conviction history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if Eaton is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.
To request a disability-related reasonable accommodation to assist you in your job search, application, or interview process, please call us at 1-800-836-6345 to discuss your specific need. Only accommodation requests will be accepted by this phone number.
We know that good benefit programs are important to employees and their families. Eaton provides various Health and Welfare benefits as well as Retirement benefits, and several programs that provide for paid and unpaid time away from work. Click here for more detail: Eaton Benefits Overview. Please note that specific programs and options available to an employee may depend on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.