Financial Analyst I

Position Summary

The Financial Analyst I, Production supports Manufacturing or Production Operations by providing financial analysis, cost tracking, and reporting to ensure accurate financial performance measurement. This entry-level role focuses on production cost analysis, budgeting support, variance analysis, and collaboration with the Operations teams to improve efficiency and cost control.

Job Duties And Responsibilities

• Analyze production costs, including labor, materials, and overhead.
• Track and report manufacturing variances (price, usage, volume, and efficiency).
• Support standard cost maintenance and cost roll-ups.
• Aid in monitoring work-in-process (WIP) and inventory valuation.
• Assist in monitoring annual operating budgets and rolling forecasts for production departments.
• Compare actual results to budget/forecast and explain variances.
• Aid with production capacity and cost projections.
• Prepare recurring financial reports and dashboards for production leadership.
• Support month-end close activities related to production accounting.
• Ensure accuracy of production financial data in ERP and reporting systems.
• Partner with Operations, Supply Chain, and Manufacturing teams to understand cost drivers.
• Identify trends, risks, and opportunities for cost improvement.
• Support continuous improvement initiatives with data-driven analysis.
• Ensure adherence to company policies, accounting standards, and internal controls.
• Support audits and documentation related to production costs and inventory.
• Engage in Continuous Improvement projects/tasks.
• Miscellaneous duties as assigned.
• Participate in and sustain 5S Standards.

Education/Experience & Skills

• Bachelor's degree in Finance, Accounting, or a related field, and 0-2 years of previous experience.
• Exposure to manufacturing, production, or Operations environment preferred.
• Internship or co-op experience preferred.
• Experience with standard costing or inventory accounting preferred.
• Strong analytical and quantitative skills.
• Ability to work on complex issues and support the team by gathering information to help analyze data and evaluate various outcomes.
• Proficiency in Microsoft Excel (pivot tables, formulas, basic modeling).
• Familiarity with ERP systems (SAP, Oracle, Costpoint, or similar) is a plus.
• Strong attention to detail and data accuracy.
• Ability to communicate financial information clearly to non-finance stakeholders.
• Ability to collaborate well with others inside and outside of the Finance team.
• Organized, proactive, and eager to learn.
• Must be able to clearly, concisely, and accurately convey ideas and information to others, both verbally and in written form.
• Ability to manage multiple tasks and deadlines in a fast-paced environment, demonstrating strong organizational skills and attention to detail while delivering accurate and timely work.
• Capable of analyzing data to identify potential trends, inconsistencies, and outliers; helping resolve issues and support decisions.