Manufacturing FP&A Lead: Forecasting & Cost Optimization

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

Job summary

Texas Instruments in Maine is seeking an experienced Financial Planning Analyst to drive financial excellence for the manufacturing business. You will support management with information and analysis to enable better decisions and lead forecasting, reporting enhancements, and profitability analyses for the plant.

The role requires a Bachelor's in Finance/Accounting and 2+ years in financial analysis or FP&A, with strong Excel skills and experience with ERP systems.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field.
• 2+ years of experience in financial analysis, FP&A, accounting, or a related finance role.
• Basic understanding of financial statements, budgeting, forecasting, and variance analysis.
• Proficiency in Microsoft Excel, including formulas, pivot tables, lookups, and data analysis.
• Willingness and ability to learn manufacturing operations and understand the financial impact of operational decisions.

Responsibilities

• 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, 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

Skills

Financial analysis

FP&A

Forecasting

Variance analysis

Excel (advanced)

Education

Bachelor's degree in Finance/Accounting

Tools

SAP

Oracle

Microsoft Dynamics

Power BI

Job description

Texas Instruments in Maine is seeking an experienced Financial Planning Analyst to drive financial excellence for the manufacturing business. You will support management with information and analysis to enable better decisions and lead forecasting, reporting enhancements, and profitability analyses for the plant.

The role requires a Bachelor's in Finance/Accounting and 2+ years in financial analysis or FP&A, with strong Excel skills and experience with ERP systems.