What are the responsibilities and job description for the Financial Analyst position at Precision Castparts?
Summary
Position will be responsible for financial and costing activities for Matec, in accordance with GAAP, as well as in accordance with TIMET/PCC Corporate Policies. Position involves direct interaction with plant level personnel, commercial sales personnel, local operations manager in the preparation of product costing actives and inventory control, and Sarbanes Oxley responsibilities.
Essential Functions
Competencies
Position will be responsible for financial and costing activities for Matec, in accordance with GAAP, as well as in accordance with TIMET/PCC Corporate Policies. Position involves direct interaction with plant level personnel, commercial sales personnel, local operations manager in the preparation of product costing actives and inventory control, and Sarbanes Oxley responsibilities.
Essential Functions
- Ensure the integrity of key processes by understanding systems, flow of transactions, internal controls and recommending efficiency improvement
- Produce and maintain business dashboards reports (Daily Flex, Weekly P&L, and others)
- Develop, maintain, and distribute ad-hoc reports and financial models as required
- Assist with month end closing including the preparation of month end journal entries and account reconciliations
- Develop and maintain cost models
- Oversee inventory counts and reconciliations
- Assist with internal and external audits
- Assist with creating budgets and forecasts
- Assist with audit requests including SOX and internal and external auditors
- Participate in various team projects
- Assist SOX Coordinator with various Sarbanes Oxley responsibilities
- Assist with the completion of the FQR and MOR package
- Complete various census, tax, and other government survey requests.
- Create and monitor various metrics for projects assigned
Competencies
- Analytical - Analyzes complex or diverse information; Collects and researches data; Uses intuition and experience to complement data; Designs work flows and procedures
- Accountability – Accepts personal responsibility for the quality and timeliness of his/her work. Acknowledges and corrects mistakes. Doesn’t make excuses or blame others for errors or problems. Carries his/her fair share of the workload. Does what he/she commits to doing
- Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events
- Teamwork - Balances team and individual responsibilities; Exhibits objectivity and openness to others' views; Gives and welcomes feedback; Contributes to building a positive team spirit; Puts success of team above own interests; Able to build morale and group commitments to goals and objectives; Supports everyone's efforts to succeed
- Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things
- Focuses on Continuous Improvement - Constantly seeks to examine and improve those aspects of TIMET’s business where they have influence. Plans and implements change, seeking feedback on its effectiveness. Willingly offers support where necessary to those other managers who are seeking to improve the performance of their business areas
- Cost Consciousness - Works within approved budget; Contributes to profits and revenue ; Develops and implements cost saving measures; Conserves organizational resources
- Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals.; Completes tasks on time or notifies appropriate person with an alternate plan
- Delivers Results - Sets goals and objectives for self and team and takes responsibility to achieve these in a timely manner. Ensures that actions are taken in support of goals and objectives. Examples - sets and delivers goals, results focused, action orientated
- Effective Decision Making - Skilled at analyzing the soft and hard aspects of a problem and using functional expertise to make effective decisions. Comfortable in dealing with concepts and uncertainty in problem solving
- Works Efficiently - Effective at planning and organizing work and using time management to ensure deadlines are met and targets are achieved. Able to reschedule plans to cope with unexpected occurrences Maintains well-organized materials, files, systems and tools. Breaks work down into logical steps. Anticipates and eliminates roadblocks and delays. Stays within allotted time for accomplishing tasks. Completes tasks in the shortest, most efficient manner. Makes sure all parts of a job are completed in full, including follow-up plans and paperwork
- Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality
- Safety & Environmental - Performs work in a safe manner at all times. Checks the work area for hazards and corrects unsafe situations. Uses personal protection equipment. Maintains an organized work area. Seeks guidance from supervisor if needed. Considers the safety of other employees. Understands and follows safety regulations. Reports unsafe conditions
- Leadership - Exhibits confidence in self and others; Inspires and motivates others to perform well; Effectively influences actions and opinions of others; Accepts feedback from others; Gives appropriate recognition to others
- Bachelors Degree – Accounting or Finance
- 3-5 years in related field in a manufacturing environment
- Excellent computer skills, especially with spreadsheet software (i.e. Excel)
- Ability to manage multiple tasks simultaneously N/A
- Ability to work independently, or in a group setting, on assigned projects.
- Ability to analyze problems and present resolutions.
- Reconciliation of specific asset and liability accounts.
- Preparation and posting of journal vouchers.
- Distributions to multiple cost centers.
- Sales/Use Tax analysis and accrual.
- Fixed asset accounting.