Senior Finance Analyst

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The facility in Mishawaka, Indiana, is a key strategic growth site for Point of Care. It is a reagent manufacturing facility with a high degree of automation. Mishawaka manufactures the reagent products that support Point of Care’s world leading status in Decentralized Urine Analysis and Diabetes Care.

Join our team now at Siemens Healthineers as a Senior Financial  the role of Senior Financial Analyst, important activities include monthly reporting and forecasting, cost center analysis, material variance analysis, and budgeting. Effective self-review, communication, teamwork, and a focus on internal and external customers are all required. Cost accounting with SAP in manufacturing industry is required. . Excellent MS Excel skills are a must.

As this role is expected to grow into controller position, knowledge of managerial accounting and Power BI will have significant advantage. This a perfect opportunity for whoever is willing to work hard and quickly grow his/her career with business.

Job duties may be modified or expanded, but typical assignments include:

Key Responsibilities:

Month end close and monthly reporting:

Lead department KPI reporting and variance analysis

Work with department leaders and reflect KPIs into financial forecast of the plant.

Compile accurate internal reporting package by established deadline each month

Prepare high-level PowerPoint presentation and meet with manufacturing team each month to effectively communicate results, trends, and concerns from projections

Work with team on productivity reporting, facilitate estimates for pipeline ideas, review project calculations for accuracy, and update financial and status information in reporting system Spend and material variance analysis:

Analyze manufacturing costs, including payroll, purchase orders, and allocations. Provide and effectively communicate meaningful explanations for variances to budget and forecast and prior year, and identify and work with business partners on improvement opportunities

Analyze, in detail, material costs and labor/overhead application for variances to standards and provide summarized explanations. Work with operations personnel to understand variances, mitigate risks, and identify opportunities in production process

Track and accurately report on project scrap and other costs

Support project implementation with financial analysis and master data review and update

Track spend and manufacturing orders at daily basis. Work with department leadership to proactively solve issues, if any.

Budgeting and forecasting:

Coordinate and consolidate cost center spend information for budget process

Calculate and communicate allocation information

Determine annual production costs and standards

Compile P&L, volume, spend, headcount, capital expenditure, and inventory projections

Ensure all schedules tie to each other and are consistent with communicated assumptions

Generate accurate schedules for annual budget package and for monthly forecasts and distribute within established deadlines

Generate and monitor monthly projections and identify and effectively communicate all material variances to budget/forecast

Ensure effective two-way communication with operations team to align projections with trends, underlying factors, and expected exceptions

Load budgets and forecasts in various systems and ensure alignment between systems

Complete cost roll in budget and maintain standard cost during fiscal year.

The position is in Mishawaka, IN and reports to the Finance Director at the Mishawaka site. The department supports manufacturing operations.

Job family specific responsibilities:

This position analyzes financial results to determine accuracy and completeness of information, prepares various financial reports, compiles and reviews financial plans and budgets, ensures compliance with budget allocations, performs financial analysis at complex levels including rate of return, depreciation, working capital, investments, budgeting, and financial and expense performance comparisons, ensures conformance to IFRS and SOA requirements, and may perform commercial/contract activities, pricing, margin…