Senior Financial Analyst

Eaton’s IS VEH EMB division is currently seeking a Senior Financial Analyst. Relocation assistance is provided and this position sit in our Carol Steam, IL site.

The expected annual salary range for this role is $86000 - $126000 a year. This position is also eligible for a variable incentive program.

Please note the salary information shown above is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.

What you’ll do:

Eaton’s Vehicle Group, Royal Power Solutions business is currently seeking a Senior Financial Analyst to join our team at the Carol Stream, IL manufacturing facility. Relocation assistance is available for this position.

We make the electric revolution work. Every day, we work to improve people’s lives and the environment by making power management technologies that are more reliable, efficient, safe and sustainable.

Preparing for the electrified future of mobility takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours.

Our team is collaborating with companies to innovate the transportation technologies of the future, creating efficient vehicles that travel faster, farther, higher and safer at a lower overall cost to the consumer and the environment.

Position overview

The Senior Financial Analyst is responsible for providing financial examination and support to plant management while ensuring the integrity of financial reporting within the guidelines of GAAP, Sarbanes Oxley, Eaton financial policies, procedures, and applicable tax codes. Key responsibilities include analysis of systems and review of plant costing and accounting activities, providing recommendations and performing actions to ensure efficiency in both the manufacturing and the administration areas.

The Senior Financial Analyst is a key member of the Accounting department and reports to the Plant Finance Leader.

Essential functions:

Support in month end financial closings, preparing journal entries, variance analysis and financial reporting

Assist with the preparation of monthly forecasts, annual profit plan, strategic plan, operating reviews and reporting of financial data and analysis

Research, compile and analyze financial data; present summarized results and recommendations to management. Review and evaluate financial results for accuracy, consistency, and transparency. Maintain integrity of financial results

Help review balance sheet reconciliations to ensure no variances on the balance sheet

Prepare special projects and operational reports for presentation to plant and/or division management as well as work to design, develop, and execute improved financial processes

Assist in resolving accounting problems related to the plant and complying with corporate requirements

Provide guidance and education as needed to plant personnel on financial objectives and means of achievement

Monitor, maintain, and report all plant cost out project results

Review and analyze production jobs to understand variances, inventory movement, and perform closures once orders are complete

Partner with materials team to ensure inventory controls and compliance

Support inventory reviews with cross functional teams to minimize excess and obsolete and maintain healthy inventory levels

Review production scrap, sale of scrap, and operational performance to understand drivers and potential opportunities

Lead capital project accounting for plant including budgeting, recognition of expense, and tracking and closing projects as needed

Create complex, global, multi project CARS to obtain senior management approval for capital spend. All costs pertaining to purchases, services, internal resources, and external consultant work are evaluated based on prescribed accounting rules to determine the appropriate classification

Host meetings with local finance personnel and project managers to understand the extent of progress made and supporting the monthly accruals for…