Business Professional - Financial Analyst III at LanceSoft
Sunnyvale, California, United States — full-time
Title : Financial Analyst III
Location: Sunnyvale, CA 94085
Duration: 0-6+ months
Shift: First shift
Pay Rate: $45–$60/HR on w2
What You’ll Do
Support the monthly financial close process for manufacturing operations, ensuring accurate and timely reporting of inventory, cost of goods sold, and manufacturing expenses.
Prepare and analyze manufacturing variances, including purchase price variance (PPV), material usage, direct labor, overhead, absorption, scrap, and other production-related variances.
Perform actual vs. budget and forecast analysis, identify key drivers, and provide clear commentary on manufacturing performance.
Support standard costing activities, including annual standard cost updates, cost rolls, and analysis of changes in material, labor, and overhead costs.
Analyze and reconcile inventory balances, including raw materials, work in process, finished goods, and inventory held at third-party or contract manufacturing locations.
Support inventory reserve analysis, including excess and obsolete (E&O), slow-moving, and at-risk inventory.
Perform inventory and balance sheet reconciliations and investigate discrepancies to ensure accurate financial reporting.
Partner with Operations and Supply Chain to analyze scrap, inventory adjustments, productivity, manufacturing spending, and other factory cost drivers.
Support cycle count and physical inventory processes, including investigation and resolution of inventory variances.
Review manufacturing cost center expenses and prepare reclassifications and corrections as necessary.
Work closely with Accounting during financial statement reviews and ensure appropriate reconciliation between financial and management reporting.
Support the development of the Annual Operating Plan (AOP), forecasts, and manufacturing budgets, with particular focus on material costs, labor, overhead, inventory, and operating expenses.
Develop financial models and cost analyses for new product introductions, sourcing initiatives, manufacturing transfers, and other operational projects.
Partner with Procurement and Supply Chain to understand material cost changes, sourcing savings, supplier impacts, and purchase price variances.
Prepare recurring financial and manufacturing reports, highlighting key trends, risks, savings opportunities, and areas requiring management attention.
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