Manufacturing Financial Planning Analyst (Maine)

Texas Instruments Incorporated; Portland (ME); On-site; USD 80,000 - 110,000; Full time

Job summary

Texas Instruments Incorporated in Portland, ME, is seeking an experienced Financial Planning Analyst to drive financial excellence for the business. You will lead forecasting, reporting, and profitability analyses to support management decisions and provide data-driven insight for operations.

The role emphasizes developing predictive indices, dashboards, and reports, partnering with factory leadership to identify cost-improvement opportunities and enhance financial visibility across the

Responsibilities

• Drive quarterly and annual forecasting for the manufacturing facility.
• Analyze actual results versus forecast and explain variances.
• Prepare monthly financial results including operating expenses, costs, labor, materials, overhead, and inventory.
• Partner with Factory Leadership and Controller to boost cost efficiency.
• Analyze manufacturing cost drivers such as materials, labor, overhead, scrap, and volumes.
• Develop and maintain financial models, dashboards, and reports for leadership.
• Support capital expenditure analysis and business case development.

Job description

Change the world. Love your job.
Texas Instruments (TI) is looking for an experienced Financial Planning Analyst to join our team. At TI, the role of the Financial Planning Analyst is to drive financial excellence for the business. This individual ensures the financial health of the business (credibility, integrity and compliance). They support management with information and analysis to make better business decisions, and support the data needs of TI management. And they provide leadership to in the areas of financial forecasting, efficiency improvements, reporting enhancements, risk and profitability analyses, and development of predictive indices.

Responsibilities include:

• Driving the quarterly and annual forecasting process for the manufacturing facility.
• Analyzing actual results versus forecast and prior-period performance and assisting in explaining significant variances.
• Preparing and analyzing monthly financial results for the manufacturing facility, including operating expenses, manufacturing costs, labor, materials, overhead, and inventory.
• Partnering with Factory Leadership and the Controller to understand financial and operational performance and identify opportunities for cost improvement and efficiency.
• Analyzing manufacturing cost drivers, including raw materials, labor, overtime, overhead, scrap, & production volumes.
• Tracking and reporting key financial and operational metrics and assisting in identifying trends and areas requiring management attention.
• Preparing monthly and recurring financial reports, dashboards, and presentations for Factory Leadership
• Leading financial analysis for cost-reduction initiatives, productivity improvements, process changes, and other operational projects.
• Supporting capital expenditure analysis, including preparation of business cases, financial models, and tracking of approved capital projects.
• Developing, maintaining and improving financial models, reporting tools, and analytical processes.
• Partnering with other functional groups (such as Operations, Planning and Procurement) to understand material costs, purchasing activity, and other factors impacting factory financial performance.
• Ensuring financial reporting complies with corporate policies, internal controls, and established processes.
• Supporting internal and external audits by providing financial information, analysis, reconciliations, and supporting documentation.
• Identifying opportunities to improve reporting accuracy, data integrity, processes, and financial visibility.
• Providing ad hoc financial analysis and support special projects for Factory Leadership and the Controller