Financial Analyst, Budgeting and Margin

IDI: Insulation Distributors Inc.; Chanhassen (MN); On-site; USD 72,000 - 101,000; Full time

Job summary

IDI: Insulation Distributors Inc. is seeking a Financial Analyst, Budgeting and Margin to own P&L budgeting and forecasting, and to lead margin analyses in collaboration with the FP&A team for Executive Management, operations, and business leaders.

Responsibilities include budgeting for sales, margin, and operating expenses; coordinating P&L forecasts; developing variance analyses; and delivering timely reports. The role supports margin improvements and process documentation.

Qualifications

• Bachelor's degree in accounting, finance, economics, math, or related field.
• 2+ years accounting/finance experience preferred.
• Strong proficiency with Excel, PowerPoint and Word.
• Experience with ERP accounting software; SAP preferred.
• GAAP knowledge and financial analysis experience.

Responsibilities

• Support annual budgeting process for sales, margin, and operating expenses.
• Coordinate P&L forecasting process for mid-year P&L updates.
• Develop variance analyses for budget and forecast presentations to executive leadership.
• Ensure accuracy and timeliness of key budget, forecast, and reporting deliverables.
• Publish and present monthly margin analysis based on vendor and customer pricing.
• Partner with business and operations to understand margins and recommend opportunities.
• Respond to customer feedback to improve budget, forecast, and margin processes.
• Document workflows, analytical techniques, and business processes.
• Develop, maintain, and distribute ad-hoc reports related to budget, forecasts, and margins.
• Other duties as required to benefit the organization.

Skills

Analytical thinking

Communication skills

Attention to detail

Teamwork

Storytelling with data

Education

Bachelor's degree in accounting, finance, economics, math, or related field

Tools

Excel

PowerPoint

Word

ERP software (SAP)

Job description

Compensation: $72,142 - $101,-050 The

Job Summary Financial Analyst, Budgeting and Margin is responsible for managing the P&L budgeting and forecasting processes, as well as leading margin analyses. This role involves collaborating with the IDI Financial Planning & Analysis (FP&A) team to provide essential support to Executive Management, operations, and business leadership.

Responsibilities/Duties

Budgeting and Forecasting

• Support annual budgeting process for sales, margin, and operating expenses
• Coordinate P&L forecasting process for mid-year P&L updates
• Develop variance analyses for budget and forecast presentations to executive leadership
• Ensure accuracy and timeliness of key budget, forecast, and reporting deliverables

Margin Analysis

• Publish and present monthly margin analysis based on vendor and customer pricing
• Partner with business and operations to understand margins and recommend opportunities

Process Improvement and Documentation

• Respond to customer feedback to improve budget, forecast, and margin processes
• Document workflows, analytical techniques, and business processes

Reporting and Ad-Hoc Analysis

• Develop, maintain, and distribute ad-hoc reports related to budget, forecasts, and margins

Miscellaneous

• Other duties as required to benefit the organization

Leadership Competencies

• Leads Self
• Communicates Effectively & Candidly
• Drives for Results
• Demonstrates Accountability
• Takes Initiative
• Collaborates

Qualifications/Skills

Technical Proficiency

• Highly skilled in the use of Microsoft Office products including Excel, PowerPoint, and Word
• Proficiency in the use of ERP accounting software; SAP preferred

Financial Knowledge

• Understanding of complex financial ratios and financial performance measurements
• General knowledge of GAAP and accounting theory

Analytical and Data Interpretation Skills

• Strong interest in interpreting and telling a story with data, trends, and analysis

Attention to Detail and Teamwork

• Detail-oriented, ability to work independently and as part of a team

Communication Skills

• Must have good written, verbal, and analytical skills

Education And/or Experience

• Bachelor's degree in accounting, finance, economics, math, or related field
• 2+ years accounting/finance experience preferred