Sr. Financial Analyst

Position: Sr. Financial Analyst Location: Irving (Dallas), TX
Job : 3861 # of Openings: 1

About Shermco Since 1974, Shermco has become North America’s largest and fastest growing NETA‑accredited electrical testing organization. Our focus is to make sure electrical power systems are functioning properly and safely. Add to that our Professional Engineering Group, Rotating Machinery Division, Renewable Energy Services, and Field Repair and local Repair Service Centers, places Shermco in a position to handle all things electrical.

All done with an emphasis on safety and client service. That’s why we say… if it’s in the electrical power system, Shermco does it. Backed by Gryphon Investors, a leading private equity firm focused on profitably growing and competitively enhancing middle‑market companies in partnership with experienced management, Shermco is poised for the next decade and beyond. Shermco Industries, Inc. is seeking a Sr.

Financial Analyst

• Support group FP&A as it relates to budgeting/forecasting, reporting, dashboard/reporting tool maintenance, board or ELT presentations or various analytics and KPIs.
• Support group FP&A and Operational Leadership teams by partnering closely with the assigned business units to become the finance subject matter experts on their P&Ls, WIP, KPIs, forecasts and budgets.

• Budgeting/Forecasting - Assist as requested in developing process, templates, Adaptive updates, analysis and reporting; attend or schedule meetings as requested to support.
• Board Deck Preparation Support - Prepare assigned financial, business unit, or sales section of the MFR or other Board Presentations as requested by Director Corporate Finance and Coordinated through Director FPA. Provide analysis and MD&A as needed.
• Executive flash, sales reporting, KPI billable hours and utilization reporting as requested by Director FPA / Finance.
• Closing Financial Reporting – Month end departmental closing call packet preparation & month end divisional CEO/CFO closing call packet preparation support to FPA Director as requested and assigned.
• Support group FP&A with re‑occurring reporting and reporting tool/dashboard maintenance and ad hoc reporting and analytics as requested.
• Support in the maintenance of all reporting tools and integrations used by the FP&A group.

• Work In Process (WIP) & Revenue Recognition Monitor assigned business unit WIP from a finance exception viewpoint throughout the month (and communicate as needed with operational and finance/billing support groups) to flag for operational/admin review; maintain tracking of WIP review. Plan and lead monthly WIP closing call with operations & billing/finance support teams and ELT;
  Review forecasted revenue results for the month with the department. Coordinating with respective billing admin, operational leads, Director of corporate billing and accounting for required Business Central changes for job details and pricing setups. Escalate questions outside of previously identified best practices and process documents to Director FPA.
• Close & Financial Reporting Analysis Monitor GL Postings throughout the month (Analysis by Dimension reporting) for validation of accuracy and understanding of the expenses hitting the operating expense section of the P&L. Inquire with operations for understanding of anomalies, communicate with accounting for incorrect departmental postings, monitor trends and variances to plan to elevate areas of concerns to BU leaders and Director FPA.
  
  Review Revenue and Gross Margin MTD and YTD results in preparation for closing calls in a detailed manner, understanding both jobs and customers impacting, comparison to forecast reviewed in WIP close meetings, and provide analysis to operational department leaders (Revenue Job Walks/GL Margin Analysis/Job Results). Identify reasons for missing plan or forecasts in all P&L areas. Obtain responses from operational leaders as to these reasons and plans for future months to meet plan and forecasts.
  
  Plan and lead a departmental level closing call to review P&L results and provide analysis as referenced above; answer all…