What are the responsibilities and job description for the Financial Analyst position at Ready®?
Job Summary
The Financial Analyst is responsible for ensuring inventory accuracy and all costs associated with sourcing, production, and delivery of products to the end customer. This role supports daily, weekly, and monthly financial operations and serves as the subject matter expert on inventory and cost of goods sold (COGS). You will play a key role in actuals, budgeting, and forecasting processes.
Job Responsibilities
Work with manufacturing & 3PL locations to ensure effective inventory controls and accurate reporting
Ensure accuracy of perpetual inventory records to the general ledger.
Create and analyze product line profitability and review with cross functional business leaders.
Create and analyze the company’s freight and warehousing cost.
Assist with the annual budgeting and quarterly forecasting processes.
Support operations and procurement teams with special projects, including new product analysis and profitability assessments.
Analyze actual variances versus budget and prior year performance.
Review monthly COGS and related liabilities entries.
Identify and report obsolete inventory, including setting up reserves, directing disposition, and preparing monthly obsolescence reports.
Establish and maintain standard costs and manage the company’s item master.
Prepare journal entries and perform account reconciliations as needed.
Coordinate and participate in quarterly and year-end physical inventories.
Assist with annual and quarterly audits.
Qualifications
Education: Bachelor’s degree in accounting or finance. CPA is preferred.
Experience: 3 years inventory/cost accounting experience in manufacturing or consumer products company. Experience with NetSuite is preferred.
Proficient in Microsoft Office.
Strong analytical skills.
The Financial Analyst is responsible for ensuring inventory accuracy and all costs associated with sourcing, production, and delivery of products to the end customer. This role supports daily, weekly, and monthly financial operations and serves as the subject matter expert on inventory and cost of goods sold (COGS). You will play a key role in actuals, budgeting, and forecasting processes.
Job Responsibilities
Work with manufacturing & 3PL locations to ensure effective inventory controls and accurate reporting
Ensure accuracy of perpetual inventory records to the general ledger.
Create and analyze product line profitability and review with cross functional business leaders.
Create and analyze the company’s freight and warehousing cost.
Assist with the annual budgeting and quarterly forecasting processes.
Support operations and procurement teams with special projects, including new product analysis and profitability assessments.
Analyze actual variances versus budget and prior year performance.
Review monthly COGS and related liabilities entries.
Identify and report obsolete inventory, including setting up reserves, directing disposition, and preparing monthly obsolescence reports.
Establish and maintain standard costs and manage the company’s item master.
Prepare journal entries and perform account reconciliations as needed.
Coordinate and participate in quarterly and year-end physical inventories.
Assist with annual and quarterly audits.
Qualifications
Education: Bachelor’s degree in accounting or finance. CPA is preferred.
Experience: 3 years inventory/cost accounting experience in manufacturing or consumer products company. Experience with NetSuite is preferred.
Proficient in Microsoft Office.
Strong analytical skills.
