Jobs · Finance · Illinois

Financial Analyst

S&C Electric Company · Chicago, IL · 1 wk ago
HybridFinance$74k–$98k/yrFull-time

As an S&C Electric team member, you’ll work on projects that have real-world impact. You’ll help transform the grid for resilient and reliable power worldwide. S&C has more than a 100-year history of innovation and has been 100% employee-owned since 2012. We continue this legacy as a trusted, forward-thinking leader in the electrical industry. You will advance a safer, more reliable, and more resilient electrical grid. Our products help the grid adapt to severe weather and transition to clean energy. We’re big enough to be a respected industry leader but small enough for you to impact our company directly.

About the role

The Financial Analyst prepares and analyzes financial reports, develops and monitors budgets, and provides insights to support strategic decision-making. This role collaborates with value stream leaders to enhance financial performance, ensures compliance with financial regulations, and drives process improvements to optimize resource allocation and profitability. Additionally, the Financial Analyst identifies and mitigates business risks to support the company's operational and financial goals.

Responsibilities

  • Prepare timely month-end and quarterly reports, analyze monthly financial statements, including variance analysis, and present findings to management.
  • Assist management with identifying and evaluating business drivers, KPIs, and trends to support strategic decision-making and operational improvements.
  • Develop and monitor budgets and forecasts, providing insights for improvement, driving planning accuracy, and ensuring alignment with corporate goals for a production Value Stream.
  • Partner with value stream leader to provide insights on financial performance.
  • Analyze and interpret financial data to identify trends, variances, and key performance drivers, providing results to management.
  • Support working capital and free cash flow improvement with ad-hoc plans on inventory reduction and managing capital expenditures budget and process.
  • Ensure compliance with internal controls and financial regulations.
  • Assist process improvement and cost-saving initiatives and optimize resource allocation to protect and increase the company’s profitability.
  • Report on capital expenditures and Value Stream activities.
  • Identify and mitigate business risks and organization blind spots to curb inefficiencies.
  • Understand and comply with all applicable Company policies and rules.

Requirements

  • Bachelor’s degree in Accounting, Finance, or related field.
  • 3+ years of experience in a manufacturing environment.
  • Strong analytical skills and proficiency in financial software.
  • Proficiency in the Microsoft 365 Business Suite (e.g., Excel, Word, PowerPoint, Outlook).
  • Excellent communication and leadership abilities.
  • Understanding of financial principles and accounting practices, including budgeting, forecasting, and variance analysis.
  • Ability to analyze financial data and provide actionable insights for operational improvement.
  • Excellent verbal and written communication skills to effectively collaborate with cross-functional teams and present financial information.
  • Critical thinking skills to identify problems and develop solutions in a manufacturing context.
  • High level of accuracy and attention to detail in financial reporting and analysis.

Preferred Qualifications

  • Oracle ERP Proficiency with Oracle ERP, Oracle EPM Cloud, and other accounting software used by the organization.
  • Experience with a mix of financial and cost accounting, FP&A, and business systems analysis experience supporting financial environments and a good understanding of ERP systems in a manufacturing environment.

Physical Requirements

  • Sitting: Frequently required to remain in a stationary position and perform desk-based work for 3-4 hours at a time approximately 5 days per work week.
  • Manual Dexterity: Infrequently required to use hand-eye coordination to control both hands and arms for a full range of motion to operate equipment/machinery/power tools/office productivity equipment.
  • Ascending/Descending: Infrequently ascending or descending ladders/stairs/scaffolding/ramps/poles.
  • Observation/Eyesight: Infrequently required to observe details at close range including depth perception, peripheral vision, and the ability to differentiate between colors.
  • Communication: Frequently required to talk and hear, in person and by phone/conference calls.

Schedule

8:00 am – 5:00 pm (Mon-Fri), Hybrid

Pay

The estimated annual base salary range for this position is $73,920 - $97,885. Individual pay within this salary range is determined by several compensable factors, including performance, knowledge, job-related skills and experience, and relevant education or training. This role is also eligible for S&C’s annual incentive plan (AIP), subject to eligibility criteria.

Benefits

S&C provides a comprehensive and competitive benefit package that includes the following (eligibility requirements apply):

  • Health and Welfare Benefits: Medical & Prescription, Dental, Vision, Health Care and Dependent Care Flexible Spending Accounts, Health Savings Account (HSA), Group Life Insurance, optional Supplemental Life and AD&D Insurance, Wellbeing Resources including Employee Assistance Program and Family Forming Benefits (i.e., Adoption and Fertility support).
  • Leave Benefits: Vacation Time, Sick Time, Paid Holidays and Company Shutdown days, Short-Term Disability, Long-Term Disability, Other Leaves, Paid Parental Time and Military Leave.
  • Retirement Benefits: 401(k) Retirement Savings and Employee Stock Ownership Plan (KSOP) offering traditional and Roth 401(k) options and an Employee Stock Ownership Plan (ESOP) component; KSOP participants can receive annual ESOP company contributions of over 11% of eligible earnings (3% Core, up to 3.5% Match, Variable Periodic).

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