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The facility in Mishawaka, Indiana, is a key strategic growth site for Point of Care. It is a reagent manufacturing facility with a high degree of automation. Mishawaka manufactures the reagent products that support Point of Care's world leading status in Decentralized Urine Analysis and Diabetes Care. In addition, Mishawaka has been chosen as the reagent manufacturing site for our new world first product, in our Critical Care franchise, VTLi, within the Cardiac product line. The first reagent from this portfolio is planned to launch in FY22 as the first high sensitivity troponin test at the point of care, with a lab equivalent test result in just 8 minutes with a fingerstick sample. To support the anticipated growth, Point of Care have committed to investing significant capital over the next 5 years with facility development and additional automated manufacturing lines.
Join our team now at Siemens Healthineers as a Senior Financial Analyst.
In the role of Senior Financial Analyst , important activities include monthly reporting and forecasting, cost center analysis, material variance analysis, and budgeting. Effective self-review, communication, teamwork, and a focus on internal and external customers are all required. Cost accounting with SAP in manufacturing industry is required . . Excellent MS Excel skills are a must. As this role is expected to grow into controller position, knowledge of managerial accounting and Power BI will have significant advantage. This a perfect opportunity for whoever is willing to work hard and quickly grow his/her career with business.
Job duties may be modified or expanded, but typical assignments include:
Month end close and monthly reporting:
Ensure alignment of reporting in Jedox and SAP P41
Lead department KPI reporting and variance analysis
Work with department leaders and reflect KPIs into financial forecast of the plant.
Compile accurate internal reporting package by established deadline each month
Prepare high-level PowerPoint presentation and meet with manufacturing team each month to effectively communicate results, trends, and concerns from projections
Work with team on productivity reporting, facilitate estimates for pipeline ideas, review project calculations for accuracy, and update financial and status information in reporting system
Spend and material variance analysis :
Analyze manufacturing costs, including payroll, purchase orders, and allocations. Provide and effectively communicate meaningful explanations for variances to budget and forecast and prior year, and identify and work with business partners on improvement opportunities
Analyze, in detail, material costs and labor/overhead application for variances to standards and provide summarized explanations. Work with operations personnel to understand variances, mitigate risks, and identify opportunities in production process
Track and accurately report on project scrap and other costs
Support project implementation with financial analysis and master data review and update
Track spend and manufacturing orders at daily basis. Work with department leadership to proactively solve issues, if any.
Budgeting and forecasting :
Coordinate and consolidate cost center spend information for budget process
Calculate and communicate allocation information
Determine annual production costs and standards
Compile P&L, volume, spend, headcount, capital expenditure, and inventory projections
Ensure all schedules tie to each other and are consistent with communicated assumptions
Generate accurate schedules for annual budget package and for monthly forecasts and distribute within established deadlines
Generate and monitor monthly projections and identify and effectively communicate all material variances to budget/forecast
Ensure effective two-way communication with operations team to align projections with trends, underlying factors, and expected exceptions
Load budgets and forecasts in various systems and ensure alignment between systems
Complete cost roll in budget and maintain standard cost during fiscal year.
The position is in Mishawaka, IN and reports to the Finance Director at the Mishawaka site. The department supports manufacturing operations.
Job family specific responsibilities:
This position analyzes financial results to determine accuracy and completeness of information, prepares various financial reports, compiles and reviews financial plans and budgets, ensures compliance with budget allocations, performs financial analysis at complex levels including rate of return, depreciation, working capital, investments, budgeting, and financial and expense performance comparisons, ensures conformance to IFRS and SOA requirements, and may perform commercial/contract activities, pricing, margin calculations, etc. Excellent verbal and written communication, presentation, and leadership skills and ability to work with all levels of management are required.
Education:
BS/BA in related discipline or equivalent combination of education and experience
Advanced degree in related discipline is a plus
Certification for accounting, financial analysis or related discipline a plus:
Demonstrates high professional judgment competence. Changes existing ways and approaches. Impact on results in larger organization.
Well established in external and internal networks within specialist field. Proactively shares knowledge in a systematic way in larger organization to grow know-how base and supports a learning organization.
Experience:
5+ years of successful experience in cost accounting area of manufacturing industry. SAP knowledge and experience are must to this role.
Must demonstrate successful experience of working with functional partners to improve process and enhance efficiency.
Must demonstrate strong capability of handling challenges and pressures under dynamic situation.
Direction of Others:
May provide general guidance or train support and/or professional staff
Key Working Relationships:
Contacts are primarily intra-organizational and external
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