Sr Financial Analyst

Job Description

This key position is responsible for supporting the Business Unit Controller in maintaining internal controls, overseeing accounting staff, budget preparations, forecasting and financial analysis. The Sr. Finacial Analst uses sound judgment to analyze trends in costs and revenues, assists in financial reporting, and offers suggestions for resource and process improvement. The role will focus on using ITW Core principles to produce and maintain financial records.

Month-end close responsibilities and monthly financial reporting including:Preparing and reviewing various journal entries and balance sheet reconciliations

Preparing GAAP financial statements and ensuring compliance

Monitoring internal control procedures and ensuring SOX compliance

Assist in inventory management including:Performing various cycle counts throughout the year in different warehouse locations

Organizing the annual physical inventory and working with the warehouse & purchasing teams

Creating and distributing the monthly Inventory grading analysis of active, slow moving and obsolete Inventory to management

Performing cost management analysis and overall management of standard costing including:Working with the purchasing team and product managers to update standard costs and rolling bill of materials as needed

Reviewing monthly purchase price variance reports and making updates to standard costs as needed after reviewing with various teams involved

Updating and analyzing variable and period costs on a monthly basis while also performing an annual review of variable and period costs included in the calculation

Assisting in annual standard cost revaluation with the Controller and purchasing team

Participate in internal, external and sales tax audits including:Providing necessary requested information to Enterprise Audit Services during the planning phase and when the audit is taking place

Assist in addressing audit findings and implementing recommendations

Assisting accounts receivable specialist in sales tax audit preparation

Overseeing filling tax returns, maintaining accurate tax records, including proper sales tax exemption certificates

Assist with annual operating plan including:Helping the Controller plan and collect departmental data

Preparing and analyzing various financial reports for the Controller/Division Controller

Identifying process improvements, assisting in designing and implementation of company accounting policies and procedures

Ad hoc reporting, analysis, and other projects as requested