Senior Financial Analyst at Ideal Industries in Sycamore, Illinois, United States

Senior Financial Analyst at Ideal IndustriesSycamore, Illinois, United States — full-time

Overview

IDEAL INDUSTRIES, INC. has built a reputation for over a century by crafting iconic tools and practical technology required in aerospace, data communications, electrical, wire processing and construction. The global family of IDEAL brands includes IDEAL Electrical, Anderson Power, and Enatel.

A vibrant and dynamic company, IDEAL is best known for our wire connectors, the gold standard for making electrical connections around the world. Nearly every commercial jet is assembled using IDEAL wire strippers and, as part of the critical equipment on NASA missions, our tools even help NASA astronauts fly to the moon. Most important, our products benefit skilled tradespeople, who reach for IDEAL tools every day.

IDEAL is propelled by the concept of Building an IDEAL World. Our family-run business is committed to building ideal relationships with customers, employees, and communities by crafting some of our industry’s most innovative and trusted tools.

Responsibilities

Reporting to the Plant Controller, the Senior Financial Analyst will understand the details associated with inventory, cost of sales, and production variances. This role is responsible for providing critical operational and financial support to the manufacturing plant and for supporting day-to-day business partnering with the operations team. This role will also support network-wide control and analysis objectives while driving best-in-class improvements in process and analytical capabilities. Here are some specific details about the role:

· Build strong interpersonal relationships with the plant management team, provide strategic business support, maximize plant profit, efficiencies and eliminate waste.

· Take ownership of assigned general ledger accounts, including the accurate and timely recording of journal entries into the general ledger for the month-end financial close.

· Aid the plant controller in preparation of financial reporting of inventory, cost of sales, and production variances.

· Prepare, review and distribute weekly, monthly, quarterly and annual financial, operating and executive reports

· Prepare balance sheet reconciliations and proper supporting documentation, including month-end adjusting entries.

· Aid in preparation of monthly inventory reporting package.

· Aid in analysis and reporting on Purchase Price Variance (PPV), Inventory Variations, and Slow Moving and Obsolete Inventory (SLOB) based on corporate policy.

· Assist with calc