Costing & Budgeting Financial Analyst - US Ops

MAT Holdings, Inc.; Long Grove (IL); Hybrid; USD 85,000 - 105,000; Full time

Benefits offered by this job

Medical, Dental, Vision Insurance

Paid Time Off

401k Retirement Plan + Company Match

Career Advancement Program

Wellness Programs

HSA and FSA

Life/AD&D

Job summary

MAT Holdings, Inc. in Farmington Hills, MI with Oklahoma distribution operations, seeks a finance professional to support US close, budgeting and cost development.

You will lead product costing, manage monthly close, and provide analyses to drive decisions across the US entities. Responsibilities include cost tracking by product, budgeting, variance analysis, working with Sales on margin trends, and maintaining reconciliations and working capital metrics.

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• MBA/CPA/CMA preferred and GAAP knowledge expected.
• Experience with cost accounting, budgeting, and financial analysis.

Responsibilities

• Close monthly US operations accounts and prepare financial statements.
• Lead product costing processes from raw materials through manufacturing.
• Support budgeting processes and analyze variances and trends.
• Maintain balance sheet reconciliations and working capital metrics.

Skills

Product costing

Program accounting

Numerical reasoning

GAAP knowledge

Budgeting

Financial analysis

Excel

SAP experience

Education

Bachelor's degree in Accounting or Finance

MBA, CPA, CMA preferred

Tools

SAP

MS Office

Job description

Join our vertically integrated team at MAT Holdings, Inc., a leading global manufacturer with a 40-year history. We're proud to provide employment opportunities for more than 14,000 employees across 12 countries. Headquartered in Long Grove, Illinois, we have over 40 factories on three continents, including 2.1 million square feet of U.S. distribution and manufacturing space.

You will find our products in home improvement centers, big box retailers, hardware stores and automotive chains. They're in the cars you drive, the trailers you tow, and the heavy-duty machinery you operate.

MAT can maintain consistent expertise and solutions across the entire supply chain. We’re experts in engineering, manufacturing, quality assurance, logistics and distribution, marketing, design, and customer service — we don't just make it happen, we ensure it happens with excellence.

Ride Control, LLC, a division of MAT Holdings, Inc., designs, manufactures and distributes suspension products for automotive, commercial vehicle, and specialty vehicle OEMs and aftermarkets. The company manufactures and sells Gabriel shocks and struts. The company originated the world’s first automotive shock absorber and continues today to be a leader in the design, engineering, development, and production of shock absorbers in North America. Ride Control currently employs more than 1,300 salaried and hourly employees at several locations in the US and Mexico. The company has manufacturing facilities in Chickasha, Oklahoma and Queretaro Mexico. Revenues for the company are approximately $180MM: For more information please visit www.gabriel.com , and www.matholdingsinc.com .

We’re more than manufacturing, we’re MAT.

• MAT Holdings Inc. and its subsidiaries offer a complete benefits package that includes medical, dental, vision, and disability insurance after 60 days of employment
• Paid Time Off (PTO), including paid vacation, sick days, and paid holidays
• 401k Retirement Plan + Company Match
• Career Advancement Program, training and development
• Wellness Programs, including fitness reimbursements and mental health support
• Health Savings Account (HSA) and Flexible Spending Accounts (FSA)
• Voluntary Life / AD&D , Employer Provided Life/AD&D
• and More

Job Description

This position is primarily responsible for financial support for the Farmington Hills Headquarters and Technical Center and the Oklahoma distribution center.Key responsibilities include closing the monthly accounts for the US operations, preparing financial statements, serving as the financial lead for product cost development and program accounting, providing financial support for decision-makers, preparing budgets, and analyzing variances.

• Develop and enforce product costing processes from raw material standards through manufacturing.
• Manage the periodic cost rolls within the system, reviewing and verifying the data, develop analytical checks to verify data integrity before and after system load.
• Cost tracking/trending by product family, down to the raw materials and manufacturing standards, to identify unfavorable trends.
• Support purchasing in component cost impacts by commodity cost changes.
• Support and direct the normal US entity monthly close process.
• Lead the US entity budgeting process preparing the budget templates, working with department heads in trending prior years cost, and calculating future year expenses.
• Direct cost tracking and control of US entity operating expenses and capital plan to budget.
• Work with Sales team to track sales and margin by customer/channel and identify trends.
• Balance sheet and account reconciliations.
• Net working capital calculations.
• Take on special projects as needed.
• Responsible for monthly close journal entries and account reconciliations.
• Provide support to the departments by gathering and analyzing data in the establishment and/or maintenance of corporate business processes, procedures and policies.
• Assist in the preparation of long-term financial forecast of revenues and expenditures.
• Assist with preparation and evaluation of Budgets and Forecasts.
• Provide support through ad hoc analyses and reports as required.

Qualifications

• Product costing and program accounting methods
• Thinks conceptually, links problems and symptoms to identify underlying issues and root causes; focuses on important information without getting bogged down in unnecessary detail; and defines issues clearly despite incomplete or ambiguous information.
• Results oriented with great attention to detail.
• Ability to maintain a high level of trust.
• Capable of handling sensitive information confidentially.
• Strong organizational skills and the ability to manage multiple tasks.
• Numerical reasoning, effectively dealing with numbers and the ability to read and prepare spreadsheets.
• Fosters open communication, promotes open discussion of ideas; provides others with open access to information; listens and responds to input and concerns expressed by others; encourages communication and information flow across boundaries.
• Values learning, seek feedback to enhance performance; create an environment that rewards critical self-assessment and challenges others to learn from experience and mistakes; learn from the successes and failures of self and others; adapt behavior in response to feedback and experience; accept criticism openly and non-defensively; establish expectations, processes, and systems to ensure continual individual and organizational learning.
• A demonstrated ability to work well in a team environment, to take initiative, to work independently of day-to-day supervision, and to communicate effectively at all levels of the organization.
• Business acumen, understanding of basic business flow.
• Change agent, being able to analyze unstructured problems and guide decision makers.
• Numerical reasoning, effectively dealing with numbers and the ability to read and prepare spreadsheets.

Education/Experience:

• Bachelor’s degree in Accounting or Finance
• MBA, CPA, and/or CMA preferred
• 6-8+years' finance experience
• MS Office Suite, including advanced Excel skills
• SAP experience highly desired
• Strong knowledge of GAAP
• Excellent verbal and written skills
• A demonstrated ability to work well in a team environment, to take initiative, to work independently of day-to-day supervision, and to communicate effectively at all levels of the organization

The posted salary range for this position is $85,450 to $104,700 annually. Final compensation will be determined based on the candidate’s skills, experience, and qualifications.

Additional Information

All your information will be kept confidential according to EEO guidelines.

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