Sr. Financial Analyst

The Timken Company; North Canton (OH); On-site; USD 65,000 - 95,000; Full time

Job summary

The Timken Company in North Canton, OH is seeking a Financial Planning & Analysis (FP&A) professional to join our global finance team. You will contribute to the monthly forecast, annual budgeting, and variance analysis while delivering insights to senior management to support strategic decisions.

You will build financial models, prepare presentations, and partner with global finance teams to ensure accurate reporting and value-based decision making in a manufacturing environment.

Qualifications

• Bachelor’s degree in Accounting or Finance with 2+ years of relevant experience.
• Experience in a global manufacturing company is preferred.
• Master’s degree in Accounting/Finance is preferred.

Responsibilities

• Analyze current and past trends in revenue, cost of sales, SG&A and cash flow.
• Prepare quarterly and monthly financial reporting for senior management.
• Consolidate and analyze monthly financial forecasts and annual budgets.
• Develop financial models and analyses to support strategic initiatives.
• Analyze financial information and reports to provide accurate and timely financial recommendations to management.
• Support senior management and department heads with in-depth financial analysis.
• Prepare presentations for senior management team.
• Interface with finance managers around the world to ensure accurate reporting, forecasting and variance analysis.
• Conduct forecast reviews of the income statement, balance sheet, and cash flow statement and recommend adjustments.
• Provide other ad hoc reporting and analyses as necessary to support the organization

Skills

Analytical skills

Communication

Business understanding

Strategic thinking

OneStream

SAP

Power BI

Microsoft Office

Education

Bachelor's in Accounting or Finance

Master's degree preferred

Tools

OneStream

SAP

Power BI

Job description

What Timken Makes Possible Begins With You.

Those who came before us helped land a man on the moon, create the world's infrastructure, and introduce renewable energy alternatives. Now you can join the Timken team to write your own unique story and help drive what's next.

A career at Timken means you can have an immediate impact doing Work That Matters to the world— improving the efficiency of today's industrial equipment and preparing for the future of motion on our planet and beyond. New employees can start contributing right away, and there are many opportunities to advance your career at your own pace. Join our global team of 19,000 people in 45 countries, and start helping our customers push the limits of what's possible in their world of motion.

Purpose

This individual will participate in all major FP&A processes and functions for The Timken Company including the monthly financial forecast, annual budgeting process, and variance analysis. This position provides strategic support to senior management by preparing presentations, investment analysis, industry/peer group comparisons, new business opportunity evaluations and other financial projects. This is a key role in maintaining and improving current processes related to global annual business planning, forecasting, variance analysis and value based decision making. This role is also viewed as a subject matter expert in elements of the forecast, reporting and financial systems. FP&A acts as the analytical engine of the business to provide insight and support for business decision making. This position reports to the Manager - Financial Planning & Analysis.

Essential Responsibilities

• Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, SG&A and cash flow
• Prepare quarterly and monthly financial reporting and analysis for senior management
• Consolidate and analyze monthly financial forecasts and annual budgets
• Develop financial models and analyses to support strategic initiatives
• Analyze financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes
• Support senior management team and department heads with in-depth financial analysis
• Prepare presentations for senior management team
• Interface with finance managers around the world to ensure accurate reporting, forecasting and variance analysis
• Conduct forecast reviews of the income statement, balance sheet, and cash flow statement and recommend adjustments
• Provide other ad hoc reporting and analyses as necessary to support the organization

Technical/Functional Skills

• Strong analytical skills for variance/root cause analysis
• Strong communications and team skills
• Strong business understanding
• Strong strategic thinking
• OneStream expertise (preferred)
• SAP and Business Intelligence expertise (preferred)
• High proficiency with Microsoft Office applications including Power BI

Minimum Qualifications

• Bachelor’s degree in Accounting or Finance or related field with at least 2 years' relevant experience. Experience with a global manufacturing company is preferred.
• Master’s degree in Accounting/Finance preferred.
• Position level will be dependent upon years of qualified, relevant experience and education.

This position may require access to United States export controlled technical data (“CTD”) and hardware under the Departments of US State (ITAR) and/or Commerce (EAR). Eligible candidates are; US Citizens, Green Card holders, Asylees or others eligible to receive US export license authorizations. Candidate must be authorized to work in the US.

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.