What are the responsibilities and job description for the Financial Analyst position at Precision Castparts Corp. (PCC)?
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With more than 120 operations and approximately 20,000 employees worldwide, Precision Castparts Corp. is the market leader in manufacturing large, complex structural investment castings, airfoil castings, forged components, aerostructures and highly engineered, critical fasteners for aerospace applications. In addition, we are the leading producer of airfoil castings for the industrial gas turbine market. We also manufacture extruded seamless pipe, fittings, and forgings for power generation and oil & gas applications; commercial and military airframe aerostructures; and metal alloys and other materials for the casting and forging industries. With such critical applications, we insist on quality and dependability - not just in the materials and products we make, but in the people we recruit.
PCC is relentless in its dedication to being a high-quality, low-cost and on-time producer; delivering the highest value to its customers while continually pursuing strategic, profitable growth.
In 2016, Berkshire Hathaway, led by Chairman and CEO Warren E. Buffett, acquired Precision Castparts Corp.
The Financial Analyst performs accounting and finance functions related to financial processes, reporting, analysis, costing and interpretation and provides input to management and guidance to other Finance and Operations personnel regarding these functions. This position reports to the Controller.
Primary Duties & Responsibilities:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. In performing functions, duties or tasks, employees are required to know and follow safe work practices, and to be aware of Company policies and procedures related to job safety, including safety rules and regulations. All functions, duties or tasks are to be carried out in an honest, ethical and professional manner, and to be performed in conformance with applicable Company policies and procedures. In the event of uncertainty or lack of knowledge of Company policies and procedures, employees are required to request clarification or explanations from superiors or authorized company representatives.
Analyze Financial Information:
- Assist with month end closing processes, maintain the general ledger, generate monthly journal entries and reconcile accounts.
- Prepare and analyze financial statements and internal reports and provide summaries and recommendations to management regarding financial activities.
- Prepare daily, weekly, monthly, quarterly, and annual reporting.
- Provide financial analysis and reporting on results and trends of operations like WIP, days of inventory, throughput, etc.
- Assist with product cost analysis (actual vs standard) and cost savings calculations, creating budgets, forecasts and activity rates.
- Develop a strong understanding of the Financial and ERP systems and the ability to data mine.
- Budgeting and Forecasting
- Prepare and maintain budgets, forecasts, and financial reports.
- Monitor and analyzekey performance indicators (KPIs)to identify trends and opportunities for improvement.
- Collaborate with Cross Functional Teams
- Work closely with various departments (such as accounting, purchasing, and logistics) to align business goals with financial performance.
- Analyze variances in expenses and identify revenue and expense trends.
- Strategic Decision Support
- Conduct financial and profitability analysis for new products, projects, or initiatives.
- Assist in the preparation and review of business plans, financial projections, and investment proposals.
- Assist Sales with pricing recommendations on requests for quotes from our customers.
- Process Improvement
- Evaluate and recommend improvements to existing financial systems and processes.
- Participate in audits and internal control assessments to ensure compliance with financial regulations and standards specific to the manufacturing industry.
- Create and maintain adequate and appropriate procedural documentation.
- Audit Support
- Provide audit support through the generation of timely, accurate schedules and documents.
- Assist with SOX compliance and reporting.
- Other duties and projects as assigned.
- Must work well under stress (or high-pressure environments)
- Must work well with deadlines
- Must be reliable
- Must have strong communication skills
Required Skills:
ITAR Requirements:
- Our organization has a responsibility to comply with all applicable requirements set forth by International Traffic Arms Regulations ("ITAR", 22 CFR 120-130). As such, this position may have access to ITAR controlled information and must meet eligibility requirements to work in the United States.
Experience and Education:
- 8 years of accounting/finance experience
- 5 years of Financial Analyst experience
- Accounting experience in a manufacturing or industrial environment
- BA/S in Accounting or Finance
Precision Castparts Corp. is an equal opportunity employer committed to recruit, hire, train, and promote in all job categories without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status or other status protected by applicable law.