Idaho Staffing
Manufacturing Financial Analyst/Cost Accountant
The Manufacturing Financial Analyst is responsible for analyzing and managing cost data, financial metrics, and strategic insights related to manufacturing operations. This role involves preparing detailed financial and cost reports, monitoring manufacturing expenses, supporting budgeting and forecasting, and collaborating with various departments to drive efficiency and improve financial performance.
Essential Duties
- Financial Analysis and Reporting: Analyze financial and production data, trends, and variances to develop comprehensive reports and forecasts. Prepare and present monthly financial and cost analysis for management. Review and monitor key financial and operational metrics, including standard vs. actual costs, KPIs, and manufacturing overhead. Provide variance analysis with detailed explanations and actionable recommendations.
- Budgeting and Forecasting: Support budgeting and forecasting processes, ensuring accurate cost projections and financial alignment with production goals. Identify variances and provide recommendations for budget adherence and improvement. Collaborate with finance, accounting, and operations teams to ensure accurate financial data and adherence to budgetary goals.
- Cost Management and Strategic Planning: Conduct cost analysis and provide recommendations for cost-saving initiatives. Develop and maintain financial models to support strategic planning, pricing, inventory management, and new project evaluations. Assist in the evaluation and monitoring of cost drivers, collaborating with supply chain and procurement teams.
- Compliance and Process Improvement: Ensure compliance with internal policies, GAAP, and relevant regulatory standards. Identify and recommend process improvements to enhance cost efficiency and financial productivity.
Required Skills and Abilities
- Excellent communication and collaboration skills, with the ability to work effectively across multiple departments and levels of the organization.
- Ability to present information and recommendations in a clear and concise manner.
- Ability to plan, organize and oversee multiple projects and operations.
- Analytical, problem-solving, and decision-making skills.
- Strong attention to detail with a proactive approach to identifying and solving issues.
- Ability to effectively work with ERP system, spreadsheets, word processing documents, and other applicable computer systems and software.
- A results-oriented mindset with a focus on continuous improvement.
- Proven ability to work independently or collaboratively in a team environment.
Education and Experience
- Knowledge of finance and accounting principles normally acquired by the completion of a bachelors degree in Finance, Accounting, Economics, or similar discipline.
- Minimum of three years of experience in cost accounting and financial analysis in a manufacturing environment.
- Intermediate to advanced Excell skills.
- Proficiency in Syteline, Microsoft Dynamics 365 (D365), or similar ERP systems preferred.
- Experience in delivering training programs and facilitating change management initiatives preferred.
Physical Requirements
- Ability to stand, walk, and move around for extended periods of time.
- Ability to lift, push, pull, or carry objects up to 15 lbs., such as office supplies.
- Proficiency in using hands, fingers, and arms for tasks such as typing and writing.
- Sufficient visual acuity to read documents and recognize details at close and distant ranges.
- Ability to hear and understand verbal communication.
- Flexibility to bend, stoop, and reach low or high objects.
- Ability to perform physically demanding tasks, such as lifting, pushing, pulling, or carrying heavy objects.
- Willingness to adhere to safety protocols and wear protective gear, including helmets, goggles, gloves, and safety shoes, as required by the job.