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A leading financial recruitment firm is seeking a Financial Analyst in Milan, Italy to partner with the plant manager on cost reduction initiatives and financial planning. The ideal candidate will have a Bachelor's degree in finance, at least 4 years of experience in financial analysis, and strong skills in data analysis and inventory control. Responsibilities include managing financial forecasts, conducting audits, and optimizing inventory processes. This role offers a leadership trajectory and opportunities for professional growth.
This is a Financial Analyst role with a future for leadership. Need to be able to exhibit those qualities.
Function as a partner to the plant manager to drive cost reduction and productivity initiatives.
Drive development of plant financial operating plan and manage monthly financial forecasting.
Conduct month-end and year-end closing activities while reporting the financial results to plant manager, plant staff and division personnel.
Evaluate financials of capital spending projects.
Assist in the development of plant BOMs, routings, and standard costs.
Collaborate with procurement teams to negotiate favorable LTAs, considering cost savings and strategic partnerships.
Oversee the day-to-day inventory operations, ensuring accuracy and efficiency.
Implement and refine inventory control procedures to minimize discrepancies and enhance accuracy.
Collaborate with cross-functional teams to forecast demand, ensuring optimal stock levels and minimizing carrying costs.
Work closely with the Finance team to generate accurate and timely financial reports related to inventory.
Support financial planning by providing insights into inventory-related expenses and trends.
Assist in the preparation of budgets and forecasts for inventory and expenses.
Ensure adherence to financial and contractual obligations.
Collaborate with legal and procurement teams to address any compliance issues.
Provide support during audits to demonstrate compliance with LTA terms.
Identify opportunities for process improvement within inventory management functions.
Implement best practices to enhance efficiency and streamline operations.
Utilize data analysis tools to interpret complex data sets related to LTAs and inventory.
Generate insights and actionable recommendations based on data-driven analysis.
Bachelor's degree in finance or accounting or equivalent experience background with a minimum of 4 years overall experience which includes manufacturing cost accounting.
Proven experience in financial analysis, contract management, and inventory control.
Strong analytical and problem-solving skills.
Proficiency in data analysis tools and advanced MS Excel skills.
Excellent communication and negotiation skills.
Ability to work independently and collaboratively in a team-oriented environment.
Experience with ERP systems.
Knowledge of industry best practices and inventory management.
(Chartered Financial Analyst) are advantageous.