Manufacturing Financial Analyst

Manufacturing Financial Analyst

Location: Monroe, NC, US

For over a century Charlotte Pipe and Foundry Company has been manufacturing pipe and fittings exclusively in the USA, employing 1,400 loyal, hard-working Americans. Today we manufacture the industry's broadest range of standard and specialty DWV products, including cast iron and plastic pipe and fittings. Charlotte Pipe is headquartered in Charlotte, NC, and has seven plant locations across the United States.

Job Summary

The Manufacturing Financial Analyst is responsible for providing in-depth financial, operational, and forward-looking insights to support decision-making within the manufacturing operations of the company. This role involves understanding historical performance but also facilitating data driven decisions, predicting future trends, identifying potential risks and opportunities, and driving strategic initiatives that enhance profitability and operational efficiency.

Key Responsibilities

• In-Depth Financial Analysis: Perform comprehensive analysis of manufacturing costs, including direct labor, raw materials, overhead, and indirect expenses. Develop and maintain detailed financial models to analyze the impact of production volumes, product mix, and pricing strategies on overall profitability. Conduct break-even analysis, margin analysis, and sensitivity analysis to production decisions.
• Forward-Looking Financial Planning: Lead the development of rolling forecasts that reflect the dynamic nature of manufacturing operations, incorporating key variables such as market demand, production capacity, and supply chain constraints. Utilize scenario planning and what-if analysis to evaluate the financial implications of potential business decisions, such as entering new markets, launching new products, or expanding production capacity. Provide strategic financial guidance on capital investment projects, including long-term ROI analysis, payback period, and risk assessment.
• Advanced Financial Reporting: Design and implement advanced financial reporting tools and dashboards that provide real-time insights into manufacturing performance. Regularly present financial results and forward-looking analyses to senior management, highlighting key drivers of profitability and areas requiring attention. Analyze the monthly operational metrics to the monthly financials to properly interpret what is happening in the business.
• Risk Management and Mitigation: Identify and assess financial risks associated with manufacturing operations, including fluctuating raw material costs, production delays, and supply chain disruptions. Develop risk mitigation strategies, contingency planning, and cost-control measures, to protect the company's financial interests. Monitor external economic factors, such as inflation and commodity prices, that could impact manufacturing costs and profitability.
• Innovation and Process Improvement: Drive continuous improvement in financial processes related to manufacturing, including cost allocation, budgeting, and forecasting methodologies. Implement best practices in financial analysis, leveraging advanced analytics and automation tools to enhance the accuracy and efficiency of financial reporting. Stay abreast of emerging technologies and trends in manufacturing, and assess their potential impact on the company's financial performance.
• Accounting: Month-end and year-end financial close. Reconcile general ledger accounts monthly and make any journal entries needed. Perform cost studies and payback analysis as requested.

Qualifications

Education: Bachelor's degree in Finance, Accounting, Economics, or a related field. An advanced degree (e.g., MBA) or professional certification (e.g., CFA, CPA, CIMA) is a plus.

Experience: 3-5 years of experience in financial analysis, with a focus on forward-looking financial planning and strategic decision support, preferably within a manufacturing or industrial environment.

Skills: Expertise in financial modeling, forecasting, and scenario analysis, with proficiency in tools like Excel, SAP, Tableau, Power BI etc. Strong analytical and strategic thinking skills, with the ability to translate complex financial data into actionable business insights. Excellent communication and presentation skills, capable of effectively conveying financial concepts to non-financial stakeholders and senior management. Ability to manage multiple projects simultaneously and adapt to changing priorities in a fast-paced environment. Strong organizational and project management skills. Familiarity with SAP, Tableau and other excel based analytical tools.

Working Conditions: The role is an in-office role that is based in Monroe, NC

Compensation: Competitive salary based on experience. Benefits package including health insurance, retirement plans, and performance-based bonuses. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or disability.