Senior Financial Analyst

Position Summary:

Provide strong financial analysis and support to the Sr. Finance business partners. Assist in the annual standard costing process. Help prepare financial results on a monthly basis, including commentary on variances to plan. Play an integral role in compiling the annual operating plan. Account for capital expenditures, monitor debt covenants and calculate volume rebates.

Objectives:

• Monthly Financial Reporting
  • Present results at the WD5 meeting with senior management.
  • On a quarterly basis, assess inventory for reserves, LCM and obsolescence.
  • Assist with revenue and gross profit analysis and provide variance to plan and forecast explanations (i.e. volume vs. rate; customer vs. product mix; etc).
  • Monitor CapEx spend compared to plan & forecast and keep operations accountable to plan & forecast.

• Price / Cost Reviews
  • Assist in preparing analysis on current cost structure and attend meetings with sales team to discuss any necessary pricing actions.

• Quarterly forecasting
  • Partner with Sr. Finance business partners, sales and operations to assist in preparing quarterly forecasts.
  • Monitor targets and help communicate what is needed to achieve the forecast / plan.

• Annual Operating Plan
  • Partner with Sr. Finance business partners to develop the sales plan for the following year.

• Review consolidated results for alignment to 3-year strategic plan.
• Other assignments as made by management.

• General Accounting
• Manage LRC’s capital procurement process. Understand LRC’s policy & guidelines around capital procurement, enter capital assets in ERP system & monthly/annual maintenance.
• Monitor debt covenants on a regular basis. Report results to LRC’s bank as well as to senior management.
• On a monthly, quarterly, annual basis track customer rebate performance in accordance with their agreements. Ensure contract compliance and that rebates are paid out in a timely manner.

• Finance Systems Management
• Own data uploads to Power BI and Adaptive.
• Assist Sr. Finance business partners in determining areas for automation, standardization and efficiencies.
• Review systematic rules and suggest areas for improvement.

Results:

• Support Sr. Finance business partner with data to drive decision making at the division level.
• Communicate variances to plan & forecast in a clear and concise manner to senior leadership.
• Assist with the generation of the quarterly forecasts and annual operating plan in accordance with internal deadlines.
• Drive consistency, accuracy and clarity in capex, debt covenant and rebate reporting processes.
• Achieve subject matter expertise status on accounting systems and future AI implementations.

Actions:

• Meet with Senior Finance business partners on a regular basis to assist with delivering financial results.
• Work closely with operations to ensure capital plan spending is in line with the annual operating plan amount.
• Maintain a high focus on automation, standardization and efficiency.

This is not an exhaustive list of duties or functions and may not necessarily comprise all of the "essential functions" for purposes of the ADA.