Senior Financial Analyst

Eaton; Chicago (IL); On-site; USD 86,000 - 126,000; Full time

Benefits offered by this job

Healthcare/retirement savings programs

Tuition assistance

Health, Dental, Vision & Wellness

Donation matching

Job summary

Eaton's IS VEH EMB division is seeking a Senior Financial Analyst for our Carol Stream, IL site. This role includes relocation assistance and an annual salary range of $86,000 to $126,000.

Responsibilities include month-end closings, forecasting, financial reporting, variance analysis and capital project accounting. Strong Excel, ERP (Plex/Oracle) and SOX/US GAAP knowledge are required to ensure accurate financial results and compliant processes.

Qualifications

• Bachelor's Degree in Accounting, Finance or Business from an accredited institution.
• Minimum of three (3) years of experience in financial planning, analysis and/or performance reporting.
• Must be legally authorized to work in the United States without company sponsorship both now and in the future.
• Strong understanding of SOX/US GAAP; knowledge of financial analysis and ledger accounting.

Responsibilities

• Support month-end closings, journal entries, variance analysis and financial reporting.
• Assist with monthly forecasts, annual profit plan, strategic plan and operating reviews.
• Research, compile and analyze financial data; present results and recommendations to management.
• Review and evaluate financial results for accuracy, consistency, and transparency.
• Maintain integrity of financial results and assist with balance sheet reconciliations.
• Lead capital project accounting including budgeting, expense recognition, tracking and closing.

Skills

SOX/US GAAP knowledge

Excel proficiency

Financial analysis

Budgeting/Forecasting

Communication skills

Education

Bachelor's degree in Accounting/Finance/Business

Tools

Plex ERP

Oracle ERP

Job description

Job Overview

Eaton’s IS VEH EMB division is currently seeking a Senior Financial Analyst. Relocation assistance is provided and this position sit in our Carol Steam, IL site.

The expected annual salary range for this role is $86000 - $126000 a year.

Responsibilities

• Support in month end financial closings, preparing journal entries, variance analysis and financial reporting
• Assist with the preparation of monthly forecasts, annual profit plan, strategic plan, operating reviews and reporting of financial data and analysis
• Research, compile and analyze financial data; present summarized results and recommendations to management.
• Review and evaluate financial results for accuracy, consistency, and transparency.
• Maintain integrity of financial results
• Help review balance sheet reconciliations to ensure no variances on the balance sheet
• Prepare special projects and operational reports for presentation to plant and/or division management as well as work to design, develop, and execute improved financial processes
• Assist in resolving accounting problems related to the plant and complying with corporate requirements
• Provide guidance and education as needed to plant personnel on financial objectives and means of achievement
• Monitor, maintain, and report all plant cost out project results
• Review and analyze production jobs to understand variances, inventory movement, and perform closures once orders are complete
• Partner with materials team to ensure inventory controls and compliance
• Support inventory reviews with cross functional teams to minimize excess and obsolete and maintain healthy inventory levels
• Review production scrap, sale of scrap, and operational performance to understand drivers and potential opportunities
• Lead capital project accounting for plant including budgeting, recognition of expense, and tracking and closing projects as needed
• Create complex, global, multi project CARS to obtain senior management approval for capital spend
• All costs pertaining to purchases, services, internal resources, and external consultant work are evaluated based on prescribed accounting rules to determine the appropriate classification
• Host meetings with local finance personnel and project managers to understand the extent of progress made and supporting the monthly accruals for capital and expense
• Perform monthly reconciliations and monitoring for Plex and Oracle transactions, including construction in progress accounts and any operational data, to minimize variances between Plex ERP and Oracle modules

Qualifications

• Bachelor's Degree in Accounting, Finance or Business from an accredited institution
• Minimum of three (3) years of experience in financial planning, analysis and/or performance reporting
• Must be legally authorized to work in the United States without company sponsorship both now and in the future
• Strong understanding of SOX/US GAAP
• Continued Process Improvement
• Master in excel
• Knowledge of financial analysis, ledger accounting, standard costs and business management processes
• Strong knowledge in the creation of project budgets, the accounting close and forecast processes
• Broad knowledge of key operational systems including sales inventory operations planning (SIOP), materials planning systems (MRP), enterprise resource planning (ERP) and quality systems with diverse experience managing varied and complex manufacturing processes
• Intermediate to expert level proficiency in Microsoft Excel and Office
• Bilingual skills in Spanish
• Plex and Oracle ERP System experience

Position Success Criteria

• Ability to analyze and interpret financial and operational data
• Strong attention to detail, ability to maintain several multiple responsibilities simultaneously and a willingness to investigate all areas of the P&L
• Ability to understand, interpret and implement corporate policies and procedures
• Ability to determine costs that qualify for capital versus expense
• Excellent written and oral communication skills - ability to develop and maintain positive relationships
• Eagerness to learn, ask questions and challenge assumptions

Benefits

• Healthcare/retirement savings programs
• Competitive compensation packages to reward skills and performance
• Tuition assistance or financial help for ongoing learning and development
• Health, Dental, Vision & Wellness programs
• Donation matching (U.S., Canada, Puerto Rico)

Equal Employment Opportunity

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.

Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws.

To request a disability-related reasonable accommodation to assist you in your job search, application, or interview process, please call us at 1-800-836-6345 to discuss your specific need. Only accommodation requests will be accepted by this phone number.

All positions may require participation in video and in-person interviews as part of the hiring process. All candidates will be evaluated based on job-related competencies, and all candidates' privacy rights and data security will be protected in accordance with applicable laws.

We know that good benefit programs are important to employees and their families. Please note that specific programs and options available to an employee may depend on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.