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Sr. Financial Analyst
Sr. Financial AnalystSICK • Minneapolis, MN, United States
No longer accepting applications
Sr. Financial Analyst

Sr. Financial Analyst

SICK • Minneapolis, MN, United States
2 days ago
Job type
  • Full-time
Job description

Mission of the Role

  • This position is located in our SICK, Bloomington MN location. The peron will work in office four days a week and may work remotely the other day.

The Senior Financial Analyst is a key member of the finance team responsible for delivering strategic and operational financial insights. This role partners with cross-functional teams to support budgeting, forecasting, cost analysis, and performance monitoring. The Senior Financial Analyst will lead financial planning initiatives, develop and maintain financial models, and provide actionable recommendations to drive business performance and operational efficiency.

Key Responsibilities

  • Financial Planning & Analysis
  • Prepare analytical entity packages monthly for distribution to management and parent company.

  • Monitor performance and determine improvement areas by developing key performance indicators for critical department metrics such as inventory turns, service utilization, project margins, speed to cash.
  • Prepare accurate and timely financial and management reporting.
  • Prepare monthly management review presentation and service rest variance analysis.
  • Develop and maintain key metrics to support the project team and management.
  • Provide day-to-day detailed monitoring and analysis of project budgets and actuals.
  • Project Support & Cost Control
  • Develop a detailed understanding of the project contract to ensure all parties are meeting the required obligations. Actively monitor the change order process.

  • Collaborate with Project Managers (PMs), Project Analysts, procurement, and engineering to support development and maintenance of monthly project cost forecasts.
  • Coordinate project reviews for all assigned projects, working with management, PMs, analysts, CPM Pre, and other interested parties.
  • Support to optimize project cash flow and manage tax issues, financial reporting, accounting, and project financing requirements.
  • Promote commercial awareness within the project team and provide commercial input to the project execution plan.
  • Ensure Accounting Rules and Procedures are followed, including proper costing of project business.
  • Understand and support all aspects of the daily operations for the project accounting team including invoicing, accounts payable, and accounts receivables.
  • Oversee, identify plan deviations and recommend resolutions to project managers.
  • Support the project execution team to ensure that it meets budgetary goals and deadlines and discuss progress and options with project team.
  • Manage project accounting processes in SAP to ensure security and control while maintaining efficiency.
  • Support accurate time recording and accumulation for the LTS (Lifetime Services) Group.
  • Financial Reporting & Audit Compliance
  • Ensure accurate project reporting of scheduling, budgetary and cost control information.

  • Ensure financial information accuracy between SAP and subproject reporting.
  • Recommend and execute corrective actions to handle project compliance.
  • Participate in project / program audits and prepare internal corrective action plans.
  • Oversee annual audit requirements for the project business.
  • Assist with other financial and regulatory reporting.
  • Train Project and Service team to follow internal control procedures and policies.
  • Perform other duties as may be assigned or required by management.
  • Key Qualifications

  • Experience : 5+ years of Finance experience in a manufacturing, operational or project environment.
  • Education : Bachelor's degree in Finance, Business Management, or Accounting is required. Master's degree or MBA is preferred.
  • Certifications : CPA, CFA or other relevant certifications are preferred, but not required.
  • Position-specific Qualifications :
  • Large project management exposure in an industrial manufacturing business or similar.

  • Experience or exposure with risk management policies and procedures.
  • SAP Project Systems experience or similar.
  • Cost forecasting and scheduling experience or exposure.
  • Comprehensive understanding of generally accepted accounting principles or international financial reporting standards.
  • Strong analytical, critical thinking, and problem-solving skills.
  • Experience summarizing results and producing management reports.
  • Strong oral and written communication skills, including excellent presentation skills.
  • Outstanding attention to detail and adherence to project deadlines.
  • Ability to collaborate effectively across multiple functions within the organization.
  • Ability to work under pressure and manage multiple priorities simultaneously.
  • Computer / Technological :
  • General Ledger, ERP and Database Systems.

  • Professional competence in Microsoft Office tools with strong proficiency in Microsoft Excel.
  • SAP Project Systems or similar tools.
  • Language : Professional written and spoken fluency in English required.
  • Schedule : Generally Monday to Friday, full time; be on-call on some weekends (if required).
  • General Working Conditions : Be able to usually work in an office environment; flexible (hybrid) work arrangements available.
  • Travel : This position does not require travel.
  • Physical Demands : General office environment space and exposure. Computer monitor more than 4 hours a day.
  • Work Status : Legally permitted to work in the country you are applying and willing to undergo an employment background check.
  • This position is not eligible for sponsorship now or in the future.
  • Compensation

    The base salary is one part of our Total Rewards package and is determined within a range. The starting base salary range for this position is listed below; the actual starting salary will be based on a variety of factors including experience, skill set, education, performance, licenses / certifications, business needs and other job-related factors, as permitted by law.

  • Starting Base Annual Salary Range : $90,910 - $137,500
  • Bonus Eligibility : This role is eligible for an annual bonus (NAIP).
  • SICK is an equal opportunity employer that considers all qualified applicants without regard to race, color, religion, sex, sexual orientation, national origin, disability, or protected veteran status.

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