Financial Analyst - Global Operations

Smiths Detection Inc; Hemel Hempstead; On-site; GBP 40,000 - 55,000; Full time

Job summary

A global technology company located in Hemel Hempstead is seeking a Financial Analyst to support the Global Operations finance team. The role involves managing financial reporting, ensuring cost control, and overseeing inventory risk management. The ideal candidate should have a strong background in financial analysis, proficiency in SAP, and experience in managing financial projects. This position is vital for delivering insights to drive strategic decision-making across global operations.

Qualifications

• Strong experience in financial reporting and planning.
• Expertise in cost control and inventory management.
• Ability to manage and execute financial projects.

Responsibilities

• Ensure completeness and timely reporting of financial metrics.
• Drive the financial planning process and manage relevant projects.
• Perform robust cost control and manage inventory reporting.

Skills

Financial reporting

Cost control

SAP proficiency

Analytical review

Tools

SAP

Job description

The role of Financial Analyst - Global Operations supports the provision of financial insight to the Global Operations Finance Director and VP Global Operations. The role will be focused on development and management of global finance reporting and processes, including identifying and centralising tasks. The individual will also ensure the appropriate existence and functioning of finance related operating procedures in respect of the division's manufacturing, procurement, supply chain, quality and other associated activities. The role will involve regular communication of management information to the Finance and operations functions, in addition to supporting the Finance Director in providing strategic input, identifying business risks and proposing mitigating actions.

Financial Reporting and Planning:

• Proactively ensure the completeness, consistency, and timely reporting of the monthly Operations metrics and financials.
• Ownership of consolidation and divisional reporting of monthly financials together with ensuring that the appropriate framework is adhered to.
• Develop and maintain an appropriate reporting tool to represent the various elements causing under/over absorption within operations.
• Creation of templates and analysis tools for global use, provision of training and support in use of tools.
• Drive the financial planning process for all quarterly, annual and strategic financial plans.
• Manage Global Ops Finance projects to completion to enhance the level of consistency and automation of Operations / Finance processes.

Cost Control:

• Robust and consistent cost control including SAP standard costing structure across the Smiths Detection entities, tracking of target benefits and understanding of monthly variances giving rise to under/over absorption.
• Employ techniques such as analytical review to identify and query anomalous costs and budget variances.
• Support, maintain and develop financial reports in partnership with the Ops functions - Quality, Procurement, Supply Chain, Logistics, ME.
• Ensure BS and P&L recognition of inventory and associated variances are aligned with Finance policies.

Inventory / Cost Roll:

• Ownership of inventory reporting and risk management, working closely with Supply Chain, Procurement and Operations Excellence and other functions.
• Ensure SAP compliance is maintained, and inventory policy adhered to.
• Delivery and support for all activities relating to the administration of the annual cost roll process, including detailed checks and reporting.

Financial Stewardship

• Internal Controls, Policies & Procedures, Continuous Improvement, Ad-hoc projects/requests, Stakeholder Management.