Financial Analyst

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With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world. Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development. We're a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world.

This opportunity is for our Electric Heat business. Electric Heat is a trusted leader in electric heating and ventilation solutions for commercial, industrial, and residential applications. Backed by the strength of ASPEQ Heating Group and Marley Engineered Products, we offer a wide range of standard and customized products through leading brands like QMark, Indeeco, Berko, and Brasch.

Our portfolio includes baseboard, wall, unit, and infrared heaters, along with ceiling fans and air circulators - designed to deliver comfort, reliability, and performance. We are committed to high-quality, energy-efficient solutions that improve environments where people live and work.

How you will make an Impact (Job Summary)

SPX is a diverse t eam of unique individuals who all make an impact . As a Financial Analyst , you will manage the development of Electric Heat’ s quarterly financial forecast, drive the annual budgeting and strategic plan processes, and play a key role in other processes . You will provide analytical and strategic support to senior management and act as the analytical engine of the company to provide insights and support ‘optimal’ business decision‑making through forecasting, creating financial budgets, and models, and conducting performance‑based analyses.

What you can expect in this role (Job Responsibilities)

While each day brings new opportunities at SPX, your core responsibilities will be:

Financial and Accounting Support

Conduct thorough analysis of financial data, including but not limited to income statements, balance sheets, cash flow statements, and budget reports

Work closely with senior management to model medium to long‑term financial forecasts to align with the Company’s strategic plans

Collaborate with the finance and accounting teams across Electric Heat to develop and monitor forecasts

Support business partners by providing financial insights and analysis to identify potential risks and opportunities

P artner with senior management to solve business challenges and identify opportunities to improve financial performance through analytical support

Run annual budgets and forecasts, including the roll‑out of regular re‑forecasting cycles and procedures

Corporate Expense

Reconcile and review financial results against budget/forecast and prior year

Update forecasts

Identify and explain variances to provide insights to senior management/leaders

Partner with Corporate Accounting and Department leaders to ensure compliance with relevant accounting standards and regulations

Standard Reporting and Documentation

Manage the budgeting, forecasting, and long‑term planning process

Create financial statements and other financial analyses for review

Prepare, analyze, and distribute weekly, monthly and quarterly financial reports to be used for predictive modelling, and identify drivers of business results

Track the performance of business units, segments, and the Company against forecasts

Monitor market and business‑specific key performance indicators, highlighting trends and analyzing causes of unexpected variances

Manage capital expenditure approval process

Maintain and update bonus and performance‑based compensation model

Develop presentations to communicate the Company’s results and forecasts to the investor community,…