Financial Analyst, Sales and FP&A

Building the people that build the world.

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.

As part of HVAC Cooling, SPX Cooling Technologies is a leader in high quality industrial HVAC equipment used to cool large facilities like hospitals, data centers, and power plants. With cooling towers, fans, and refrigeration units, companies rely on brands like Marley, Recold, and SGS to provide comfort and mission critical and industrial cooling solutions.

SPX is a diverse team of unique individuals who all make an impact. The Financial Analyst - Sales Incentive and FP&A is responsible for supporting various analytical tasks across the finance and commercial organization. The incumbent will be a member of the Finance team but will serve as a primary business partner to the commercial organization by providing insightful sales analytics while also assisting in the administration of various incentive plans.

This role will be responsible for facilitating the annual development of sales targets, setting objectives with sales team members and calculating payments quarterly against targets. This role will perform updates and analysis of cost center spend versus budget, develop bridges of actual vs forecasted spend, and play a key role in annual budget preparation. This role will provide updates of certain key financial metrics including DSO, DPO and others.

This role will also help identify financial forecast risks, opportunities, and other financial impacts and communicate the impacts. The successful incumbent will be able to communicate a positive, consistent message of strategy and growth to all levels of the organization.

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

• Internal Sales Incentive Program - Provide data and analysis to assist development of internal sales targets. Perform quarterly calculations of actual sales results against targets. Facilitate approval and payment of calculated incentive amounts. Review and update internal documents and tables to ensure proper calculation of incentive amounts.
• External Sales Commission Program - Perform monthly calculations of external commission amounts to sales representatives. Facilitate approval and payment of calculated commission amounts. Review and update internal documents and tables to ensure proper calculation of commission amounts.
• Rebates - Work with internal sales team to establish, review and update customer rebate programs. Calculate, facilitate approval and payment of annual rebate amounts.
• Other - Provide ad-hoc data analysis or other data requests. Review and update monthly accruals for internal and external sales incentives, customer rebates, bonus accruals, etc.

• Monthly cost center reviews - Produce reports and conduct review of monthly cost center spend with department heads. Understand and document differences in actual vs budget spend.
• Quarterly cost center forecast updates - Work with management team to determine future cost center spend for forecasting purposes.
• Annual cost center budgeting - Responsible for updates, distribution and coordination of annual budget templates by cost center. Performs key analysis of initial budgets versus prior year and develops…