Financial Analyst

The Financial Analyst Cost Accounting & Inventory is responsible for supporting the company's cost accounting processes, inventory valuation, forecasting, and financial analysis with a particular focus on inventory management. This role partners closely with Operations, Supply Chain, Engineering, and Accounting to ensure inventory accuracy, support month-end close activities, analyze manufacturing performance, and provide actionable insights that improve profitability and operational decision-making.\ Key Responsibilities:\ Inventory Management\ - Monitor inventory balances and ensure accurate valuation of Inventory.\ - Perform detailed reconciliations of Inventory purchases, consumption, transfers, recoveries, and scrap.\ - Analyze Inventory usage and yield, identifying opportunities to improve recovery rates and reduce losses.\ - Support physical inventory counts and cycle count programs, including reconciliation of inventory discrepancies.\ - Track Inventory market pricing and evaluate financial impacts on inventory valuation, manufacturing costs, and customer pricing.\ - Collaborate with Supply Chain and Operations to improve inventory controls and optimize inventory levels.\ Cost Accounting\ - Support monthly cost accounting close activities, including inventory valuation, manufacturing variances, and journal entries.\ - Analyze purchase price, labor, overhead, scrap, and production variances and communicate key drivers to management.\ - Assist with standard cost development, annual cost roll updates, and ongoing standard cost maintenance.\ - Partner with Operations to improve manufacturing cost visibility and identify cost reduction opportunities.\ - Perform inventory reserve analysis and assist with excess and obsolete inventory reviews.\ - Support internal and external audits related to inventory and manufacturing accounting.\ Forecasting & Financial Analysis\ - Help prepare monthly forecasts and assist with the annual budgeting process for manufacturing operations.\ - Help develop variance analyses comparing actual results to forecast, budget, and prior year performance.\ - Analyze manufacturing performance, inventory trends, and key operational metrics to identify risks and opportunities.\ - Create and maintain financial models to support business decisions and operational improvements.\ - Prepare management reporting packages and present financial insights to business partners.\ Must Have:\ - Bachelor's degree in Accounting, Finance, or related field.\ - 25 years of experience in financial analysis, cost accounting, or manufacturing finance.\ - Experience in a manufacturing environment.\ - Strong understanding of cost accounting principles and manufacturing finance.\ - Knowledge of inventory accounting, standard costing, and variance analysis.\ - Advanced Microsoft Excel skills, including PivotTables, Power Query, and financial modeling.\ - Experience with ERP systems such as Oracle, SAP, Microsoft Dynamics, or similar.\ - Strong analytical and problem-solving skills with exceptional attention to detail.\ - Excellent communication skills with the ability to present financial information to both finance and operational leaders.\ - Ability to manage multiple priorities in a fast-paced manufacturing environment.\ Good to have:\ - Medical device or highly regulated industries preferred.\ - Experience with standard costing and inventory accounting.\ - Experience working with Inventory accounting or high-value inventory.