Senior Finance Analyst

Job description

Join us in pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably. Our inspiring and caring environment forms a global community that celebrates diversity and individuality. We encourage you to step beyond your comfort zone, offering resources and flexibility to foster your professional and personal growth, all while valuing your unique contributions. The facility in Mishawaka, Indiana, is a key strategic growth site for Point of Care. It is a reagent manufacturing facility with a high degree of automation. Mishawaka manufactures the reagent products that support Point of Care’s world leading status in Decentralized Urine Analysis and Diabetes Care. Join our team now at Siemens Healthineers as a Senior Financial Analyst. In the role of Senior Financial Analyst, important activities include monthly reporting and forecasting, cost center analysis, material variance analysis, and budgeting. Effective self-review, communication, teamwork, and a focus on internal and external customers are all required. Cost accounting with SAP in manufacturing industry is required. . Excellent MS Excel skills are a must. As this role is expected to grow into controller position, knowledge of managerial accounting and Power BI will have significant advantage. This a perfect opportunity for whoever is willing to work hard and quickly grow his/her career with business. Job duties may be modified or expanded, but typical assignments include:Key Responsibilities: Month end close and monthly reporting: Lead department KPI reporting and variance analysis Work with department leaders and reflect KPIs into financial forecast of the plant. Compile accurate internal reporting package by established deadline each month Prepare high-level PowerPoint presentation and meet with manufacturing team each month to effectively communicate results, trends, and concerns from projections Work with team on productivity reporting, facilitate estimates for pipeline ideas, review project calculations for accuracy, and update financial and status information in reporting system Spend and material variance analysis: Analyze manufacturing costs, including payroll, purchase orders, and allocations. Provide and effectively communicate meaningful explanations for variances to budget and forecast and prior year, and identify and work with business partners on improvement opportunities Analyze, in detail, material costs and labor/overhead application for variances to standards and provide summarized explanations. Work with operations personnel to understand variances, mitigate risks, and identify opportunities in production process Track and accurately report on project scrap and other costs Support project implementation with financial analysis and master data review and update Track spend and manufacturing orders at daily basis. Work with department leadership to proactively solve issues, if any. Budgeting and forecasting: Coordinate and consolidate cost center spend information for budget process Calculate and communicate allocation information Determine annual production costs and standards Compile P&L, volume, spend, headcount, capital expenditure, and inventory projections Ensure all schedules tie to each other and are consistent with communicated assumptions Generate accurate schedules for annual budget package and for monthly forecasts and distribute within established deadlines Generate and monitor monthly projections and identify and effectively communicate all material variances to budget/forecast Ensure effective two-way communication with operations team to align projections with trends, underlying factors, and expected exceptions Load budgets and forecasts in various systems and ensure alignment between systems Complete cost roll in budget and maintain standard cost during fiscal year. The position is in Mishawaka, IN and reports to the Finance Director at the Mishawaka site. The department supports manufacturing operations. Job family specific responsibilities: This position analyzes financial results to determine accuracy and completeness of information, prepares various financial reports, compiles and reviews financial plans and budgets, ensures compliance with budget allocations, performs financial analysis at complex levels including rate of return, depreciation, working capital, investments, budgeting, and financial and expense performance comparisons, ensures conformance to IFRS and SOA requirements, and may perform commercial/contract activities, pricing, margin calculations, etc. Excellent verbal and written communication, presentation, and leadership skills and ability to work with all levels of management are required. Education: BS/BA in related discipline or equivalent combination of education and experience Advanced degree in related discipline is a plus Demonstrates high professional judgment competence. Changes existing ways and approaches. Impact on results in larger organization. Well established in external and internal networks within specialist field. Proactively shares knowledge in a systematic way in larger organization to grow know-how base and supports a learning organization. Experience: 5+ years of successful experience in cost accounting area of manufacturing industry. Solid knowledge and experience in SAP, Excel is must to this role. CPA/CMA preferred Ability to work on site 3 days per week Must demonstrate successful experience of working with functional partners to improve process and enhance efficiency. Must demonstrate strong capability of handling challenges and pressures under dynamic situation. Direction of Others: May provide general guidance or train support and/or professional staff Key Working Relationships: Contacts are primarily intra-organizational and external Siemens Healthineers has recently announced the next steps in our continued commitment to prioritize colleague health, comply with customer/business partner requirements, and help preserve our business continuity. Going forward, please be aware that Siemens Healthineers requires full vaccination for all new hires by their start date. (Note: Accommodations may be requested for certain medical or religious reasons) At Siemens Healthineers, we value those who dedicate their energy and passion to a greater cause. Our people make us unique as an employer in the med-tech industry. What unites and motivates our global team is the inspiration of our common purpose: To innovate for healthcare, building on our remarkable legacy of pioneering ideas that translate into even better healthcare products and services. We recognize that taking ownership of our work allows both us and the company to grow. We offer you a flexible and dynamic environment and the space to move beyond your comfort zone to grow both personally and professionally. If you want to join us in transforming the way healthcare is delivered, visit our career site at https://usa.healthcare.siemens.com/careers. If you wish to find out more about the specific before applying, please visit: https://usa.healthcare.siemens.com/about. As an equal-opportunity employer we are happy to consider applications from individuals with disabilities. Who we are: We are a team of more than 72,000 highly dedicated Healthineers in more than 70 countries. As a leader in medical technology, we constantly push the boundaries to create better outcomes and experiences for patients, no matter where they live or what health issues they are facing. Our portfolio is crucial for clinical decision-making and treatment pathways. How we work: When you join Siemens Healthineers, you become one in a global team of scientists, clinicians, developers, researchers, professionals, and skilled specialists, who believe in each individual’s potential to contribute with diverse ideas. We are from different backgrounds, cultures, religions, political and/or sexual orientations, and work together, to fight the world’s most threatening