Reporting Manager: Senior Financial Analyst and Costing Leader

Location: 688 Josephine Street, Wingham, ON

Position Summary:

The Cost Analyst plays a crucial role in the organization by analyzing financial data, providing insights, and making recommendations to support strategic financial decision-making. This role involves performing financial forecasting, budgeting, cost analysis, and other financial tasks to ensure the organization's financial health and growth.

All employees are to participate in, and positively contribute to the company culture, Health and Safety initiatives, continuous improvement and abide by the Employment Standards Act and all company policies and procedures while maintaining a customer service mindset.

Position Qualifications:

Education & Knowledge

• University degree or College Diploma in Finance, Accounting, Economics or related field
• Professional Accounting Designation – Asset

Skills

• Proven problem-solving and decision-making skills
• Demonstrated proficiency with computer programs such as MS Office
• Familiarity with financial software and databases
• Strong analytical skills and attention to detail
• Self-starter - a highly motivated and proactive individual who takes initiative, works effectively without constant supervision, and begins projects or tasks independently
• Proficiency in financial modelling, forecasting, and budgeting techniques
• Able to read blueprints and parts lists - Asset

Experience

• Minimum 3 - 5 years experience with an emphasis on costing, budgeting, forecasting and financial modelling in the manufacturing sector

Communication

• Excellent interpersonal, communication, organizational and time management skills
• Proven ability to communicate effectively through various means with internal and external customers

Responsibilities:

• Prepare monthly operational reports and commentary analysis, providing value-added recommendations to drive continuous improvement in the operations. Includes flex budget preparation, inventory reconciliations, calculation of inventory reserves and revaluations, and variance analysis.
• Support the development of forecasts and budgets (operating, capital and cash flow), with updates to the forecast on a quarterly basis.
• Analyze and recommend changes to the annual standard data information in the financial and quoting systems, including material, labour and overhead rates. Includes the final review and verification that overheads are fully absorbed into standard costs.
• Analyze and recommend changes to updating the steady-state financial models and rates that will be incorporated into the quoting templates and software.
• Perform cost walks (analysis of actual to expected margin) on completed projects and newly released product offerings.
• Communicate required financial information to operations (QOS, KPI, inventory values, etc) and assist in completing Finance scorecard file
• Work with the Product Development team to determine cost impacts on new or revised product offerings.
• Assist the Estimating department with day-to-day support when volumes dictate
• Liaise with others in the organization to share information, resolve problems and provide support
• Support the Britespan team and participate in Continuous Improvement initiatives.
• Comply with company policies and procedures.
• Other duties as assigned