Tooling Financial Analyst

Chicago Magnesium Casting Co; Harvey (IL); On-site; USD 70,000 - 110,000; Full time

Job summary

Chicago Magnesium Casting Co. is seeking a financial and operations analyst to support management through budgeting, tracking project spend, and cash flow forecasting.

The role requires attention to detail and the ability to identify opportunities and provide recommendations. Responsibilities include coordinating with engineering, purchasing, and operations, preparing monthly and quarterly forecasts, and contributing to month-end close and reporting.

Qualifications

• Requires strong attention to detail.
• Experience in budgeting and forecasting projects.
• Ability to analyze variances and provide recommendations.

Responsibilities

• Create projects in the accounting system.
• Generate reports, quotations, invoices, and prepare recommendations regarding financial plans.
• Coordinate activities with engineering, purchasing, and operations to improve forecast accuracy.
• Investigate project expenses and perform month-end close with accounting support.
• Prepare monthly/quarterly/annual forecasting and budgeting reports.

Skills

Financial analysis

Budgeting

Forecasting

Variance analysis

Management reporting

Tools

Accounting software

Financial modeling

Job description

Summary

Provide operational and financial analysis to management by budgeting and tracking project spend, forecasting cash flow, reporting variances and other tasks as assigned. Will support management planning and decision making by identifying, maintaining, and evaluating information; may offer recommendations. Requires attention to detail, conceptual understanding of projects and opportunities, and diligent follow-up.

Summary

Provide operational and financial analysis to management by budgeting and tracking project spend, forecasting cash flow, reporting variances and other tasks as assigned. Will support management planning and decision making by identifying, maintaining, and evaluating information; may offer recommendations. Requires attention to detail, conceptual understanding of projects and opportunities, and diligent follow-up.

Duties And Responsibilities

• Create projects in the accounting system
• Generate statistical reports, quotations, invoices, and prepare recommendations regarding financial plans, new business planning, trended future requirements, cash flow projections and operating forecasts.
• Coordinate the activities of internal company personnel from various departments including engineering, purchasing, and operations to accomplish assigned objectives, understand key drivers, and enhance financial modeling and forecast accuracy.
• Investigate all project expenses
• Perform month end close process with support of accounting staff and prepare monthly financial reports.
• Evaluate and interpret analyst reports, depreciation, working capital, rates of return and recommendations to draw conclusions on viability and impact.
• Prepare monthly, quarterly, and annual forecasting and budgeting reports for management review.
• Analyze data to explain trends and variances from budget and forecast.
• Report on project profitability to management
• Provide secondary leadership in training and coaching employees in the department. Direct workload of administrative support staff to accomplish purchasing, budgeting, and accounting initiatives.

Key Competencies

• Ethics & Value
• Listening/Informing
• Action Oriented
• Time Management/Personal Organization
• Negotiating
• Decision Quality
• Problem Solving
• Customer Focus
• Approachability
• Functional/Technical Skills