IEM (Industrial Electric Manufacturing, Inc.) in Jacksonville, Fl. is the largest independent full-line manufacturer of custom electrical distribution and power quality equipment in North America. IEM has delivered customer-specific solutions to meet the ever-changing power requirements of growth industries in North America for over half a century. We are looking for a highly skilled and motivated Financial Analyst to join our FP&A team.
PURPOSE OF POSITION:
The ideal candidate will have at least three years of professional experience in finance, demonstrating strong analytical capabilities, attention to detail, and a strategic mindset. This role will provide critical financial insights and support to drive the company's strategic decision-making processes and operational efficiency.
Key Responsibilities include:
Financial Planning and Analysis (FP&A):
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Conduct comprehensive financial analysis, including budgeting, forecasting, variance analysis, and financial modeling
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Work with IT Department to track and forecast expenses related to the department activities
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Prepare and distribute monthly reporting, highlighting key trends, insights, and recommendations
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Collaborate with various departments to gather relevant financial data, ensure data consistency, and develop accurate forecasts and budgets
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Assist in the development of long-term financial plans, including capital expenditure planning and resource allocation
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Support senior management with financial insights to drive strategic initiatives and business growth
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Analyze financial performance against key performance indicators (KPIs) and provide actionable recommendations for improvement
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Partner with Accounting to ensure data consistency for reporting purposes
Operational Efficiency:
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Monitor and analyze manufacturing costs, suggesting areas for cost reduction and efficiency improvements
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Collaborate with the Operations team to understand production processes and quantify financial implications of operational decisions
Examples of other Ad-Hoc Analysis:
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Perform ad-hoc financial analysis to support various business initiatives, including new product launches, market expansion, and pricing strategies.
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Work with the Accounting team to create and improve departmental level reporting
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Partner with Business Intelligence team for data visualization
Qualifications:
Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field
Experience: Minimum of three years of professional experience in a finance role, preferably within the manufacturing industry
Technical Skills:
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Proficiency in financial modeling and analysis
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Advanced knowledge of Excel, Power Point and financial planning software (Prophix is a plus)
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Familiarity with business intelligence tools and ERP systems is a preferred
Analytical Skills:
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Strong analytical and problem-solving abilities with a keen attention to detail
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Ability to interpret complex financial data and translate it into actionable insights
Communication Skills:
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Excellent verbal and written communication skills, with the ability to present financial information clearly and concisely.
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Strong interpersonal skills, with the ability to collaborate effectively with cross-functional teams
Other Skills:
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Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment
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High level of integrity and professionalism