Financial Analyst, Food & Industrial Ingredients US/Canada

Illinois Ag; Westchester (IL); Hybrid; USD 70,000 - 93,000; Full time

Benefits offered by this job

Hybrid work arrangement

Medical, dental, and vision coverage

401(k) with company match

Job summary

Ingredion in Westchester, IL is seeking a Financial Analyst for Food & Industrial Ingredients US/CAN. You will support the FII US/Canada financial planning, forecasting, and budgeting while helping develop business and financial strategies and analyzing operating results.

This role focuses on operating expenses, capital planning, FP&A, budgeting/forecasting, and continuous improvement. You will collaborate with leaders, present findings to senior management, and advance toward rolling forecasts

Qualifications

• Bachelor's degree in Finance or Accounting required.
• CPA or MBA preferred.
• 0–3 years of financial analysis, reporting, forecasting, accounting, or auditing experience.
• Strong written, verbal communication and presentation skills; able to convey information at all levels.
• Must analyze financial results and assess impacts of business decisions.
• Working knowledge of income statement, balance sheet, and cash flow statements.
• Strong knowledge of Microsoft Excel and PowerPoint; GAAP knowledge.
• Limited travel required.

Responsibilities

• Prepare operating expense budgets and financial reporting for all functions within the FII US/Canada segment.
• Ensure SG&A plan alignment with profit growth outlook.
• Drive cost discipline in SG&A spending and maintain headcount oversight.
• Develop collaborative relationships with leadership and key stakeholders.
• Assist in development, execution, and launch of service-fee processes to allocate costs across segments.
• Facilitate capital expenditure recommendations with sound justification and cash flow models.
• Forecasting, monthly reporting, tracking project progression, and post-completion reviews on capital projects.
• Guide stakeholders in capital software understanding and approvals.
• Support 5-year Capital Strategic plan target setting and reporting.
• Prepare monthly and quarterly financial reports (income statements, balance sheets, cash flow).
• Analyze performance, explain deviations, and propose corrective actions.
• Collaborate with department heads to understand drivers and opportunities.
• Present findings to senior management and executives.
• Move toward rolling forecast process to improve timeliness and accuracy.
• Execute process improvements to enhance profit margins and cost efficiency.
• Provide ad-hoc financial analysis and presentations for leadership.
• Support HR-related development and capability initiatives.

Skills

Relationship building

Influencing

Communication

Excel

PowerPoint

GAAP understanding

Travel flexibility

Education

Bachelor's degree in Finance or Accounting

CPA or MBA preferred

Tools

Excel

Job description

About Ingredion:

Join Ingredion, where innovation impacts lives worldwide! Without even realizing it, you've experienced our work in your favorite chocolate, your pet's food, the paper you write on, and your everyday snacks. As a global powerhouse across more than 60 industries, we harness the potential of natural ingredients to transform lives. Whether you're just starting your career or bringing years of experience, there's a place for you here to make a real difference. Be part of our team that values a wide range of perspectives and is committed to shaping a better world with every product we create.

Location: Westchester, Illinois

Workplace Type: Hybrid

As a Financial Analyst, Food & Industrial Ingredients US/CAN you will be responsible for supporting and continuously improving the F&II US/Canada financial planning, forecasting, and budgeting processes and assisting the development of business and financial strategies as well as analysis of operating results. The individual will also be responsible for assisting in the development of the operating expense budget for the segment and supporting the segment's annual capital expenditure deployment program to ensure overall profitability and sustainability. This role reports to the Director, Finance Food & Industrial Ingredients US/CAN.

What you will do:

Operating Expenses

• Prepare operating expense budgets and financial reporting for all business functions within the F&II US/Canada segment including Commercial, Supply Chain, Marketing, and Manufacturing groups.
• Ensure overall SG&A plan alignment with profit growth outlook.
• Drive an owner's mindset, bring discipline around SG&A spending and ensure external commitments are upheld.
• Provide headcount oversight/control.
• Develop collaborative and influential relationships with the F&II US/Canada Leadership Team and key leaders within Operations, Commercial, and other functions.
• Assist in development, execution, and launch of new US/Can local service fee process to distribute costs across business segments and properly reflect cost to serve.

Capital Planning

• Review and develop capital expenditure recommendations by ensuring sound business justification, validating assumptions, understanding and developing discounted cash flow models, interacting with all stakeholders, and summarizing relevant data meaningfully.
• Facilitate execution of capital allocation by aiding in forecasting, reporting actual spending monthly, tracking individual project progression, ensuring timely approval of projects and completing post completion reviews on all capital projects in a timely manner.
• Assist and guide stakeholders in capital software understanding, input and approvals.
• Facilitate execution of 5-year Capital Strategic plan by assisting with target setting, project prioritization, and reporting.

Financial Planning and Analysis

• Assist in preparation of all monthly and quarterly comprehensive financial reports, including segment income statements, balance sheets, and cash flow statements.
• Conduct thorough analyses of financial performance, highlighting key drivers and areas for improvement; investigate and explain deviations from budgeted, forecasted, and prior period figures.
• Collaborate with department heads to understand underlying causes and propose corrective actions.
• Engage in regular business reviews with executives, offering actionable recommendations.
• Ensure timely and accurate reporting to internal and external stakeholders.

Budgeting/Forecasting

• Support the annual F&II US/Canada budgeting (Goal) process and the periodic forecast updates during the calendar year, by working cross-functionally with all stakeholders (Commercial, Operations, etc.) to establish annual financial goals and properly identify risks and opportunities.
• Begin process of moving the segment to a rolling forecast process to improve timeliness and accuracy of financial forecasts.

Continuous Improvement

• Execute special projects that focus on process improvements advancing an owner's mindset and cost reduction at all levels across the segment.
• Create value by implementing action plans to enhance profit margins across the business.
• Collaborate with cross-functional teams to address specific business challenges.
• Present findings and recommendations to senior management.
• Proactively identify opportunities for process enhancement and efficiency gains.
• Provide support for ad-hoc financial projects and analysis along with financial presentations for F&II US/Canada and Ingredion leaders.

Human Resources

• Ensure professional development to advance individual performance, organizational capability, succession planning, and recognition.

What you will bring:

• Strong relationship building, influencing and communication skills.
• Bachelor's degree required with emphasis in Finance or Accounting. CPA or MBA preferred.
• 0-3 years of experience in financial analysis, reporting, forecasting, accounting, or auditing.
• Strong written, verbal communication and presentation skills; must be able to convey information to all levels of the organization in a clear, focused, and concise manner.
• Must be able to analyze financial results and assess impacts of business decisions.
• Must have a working knowledge of income statement, balance sheet, and cash flow statements.
• Strong knowledge and demonstrated experience with Microsoft Excel and PowerPoint
• Strong understanding of GAAP and financial reporting standards.
• Limited travel required.

Who you are:

• Experience planning, coordinating multiple projects simultaneously.
• Embraces change and open to new ideas and approaches.

Why Join Ingredion?

Discover why Ingredion is the ideal place to advance your career with our exceptional rewards and benefits package designed to help you thrive.

Create the future with us and enjoy:

• Total Rewards Package - Competitive salary and performance-based pay recognizing your contributions to our success
• Comprehensive Benefits & Wellness Support - Health, long-term savings, and resources for your physical, mental, and emotional well-being
• Flexible Work Arrangements- We value flexibility to support you both professionally and personally
• Career Growth - Learning, training, and development opportunities, including tuition reimbursement
• Employee Recognition Program - A culture of real-time appreciation, with personalized recognition rewards globally
• Employee Discount Program - Provides exclusive discounts on everyday products, services, and travel

#LI-BS1

We are an equal opportunity employer and value diversity at our company. Ingredion seeks to provide a work environment that is free from harassment and discrimination. We will not tolerate any form of discrimination based on race, color, religion, age, gender, gender identity, gender expression, national origin, ancestry, handicap or disability-mental or physical-marital status, sexual orientation, veteran status, disability resulting from military service, or any other classification protected by law (protected classifications). We are committed to establishing and maintaining a work environment where everyone is treated with dignity and respect.

Ingredion provides accommodations to job applicants with disabilities throughout the hiring process. If a job applicant requires an accommodation during the application process or through the selection process, we will work with the applicant to meet the job applicant's accommodation needs.

Ingredion uses AI-enabled tools to support parts of the recruitment process, including resume screening and interview scheduling. These tools help match candidate skills to job requirements and streamline communication. All AI-assisted decisions are reviewed by our Talent Acquisition team to ensure fairness and compliance with applicable laws. By applying, you acknowledge that AI may be used to support your application journey.

Relocation Available:

No

Pay Range:

$69,800.00-$93,066.67 Annual

This pay range is not a guarantee of compensation or salary. Final base salary will be determined based on several factors which may include but are not limited to responsibilities of the job, education, experience, knowledge, skills, and abilities, as well as internal equity, alignment with market data and applicable bargaining agreement (if any).

Incentive Compensation:

As a part of the total compensation package, this role may be eligible for the Ingredion Annual Incentive Plan or a role-specific commission/bonus.

Benefits:

Full-time roles are eligible for our comprehensive benefits package which includes medical, dental and vision coverage as well as a 401(k) plan with an competitive company match.