Summary of job contents

Under the direction of the Head of Finance, this position functions as a key contributor for the preparation, analysis, and submission of budget-related reporting packages as well as to control the company's financial performance. The successful candidate will perform functions with hands-on expertise in budget development processes, including financial and cost accounting, product costing, inventory, and general ledger, as well as handle projects assigned by management. This position is a hybrid work from office/home role.

Key accountabilities

• Prepare and comment monthly financial reporting package for FESTO US and assist in the preparation of the NAFTA financial report;
• Initiate, along with the Head of Financial Planning & Analysis, the annual budget planning cycle through preparation and dissemination of the annual budget letter, including economic outlook, budgeting guidelines, and reporting schedule;
• Coordinate and assist cost center leaders with the formulation of budgets, including operating expenses and capital expenditures, in accordance with corporate policies and guidelines;
• Assist with the collection of planning data, perform data uploads in FESTO's ERP systems and data analysis as required to produce reports in compliance with corporate reporting guidelines;
• Maintain key figures used for actual and plan cost allocations in SAP;
• Submit timely budget reports to Festo AG & Co in the required form and fashion;
• Periodic review of cost center actual versus plan expense development with cost center leaders;
• Perform detailed financial statement analysis as required, including discussions on various issues;
• Assist in the preparation and timely submission of quarterly forecasts to Festo AG & Co
• Support the Sales Analyst with the yearly price increase and sales planning processes;
• Work closely with our accounting supervisor on topics including sales tax, general accounting, support on audit/tax topics and fixed assets.
• Other tasks, projects and/or responsibilities may be assigned on an as needed basis.

Knowledge and Experience

• BS Accounting/Finance
• Minimum of 1-3 years manufacturing finance experience. Hands on experience in budgeting processes, general ledger, inventory and product costing.
• Communicates with co-workers, management, internal clients and others in a courteous and professional manner
• Use of modern communication tools to support cost center leaders
• Ensure accurate submission of agreed plan and forecast related reporting packages
• Read, analyze and interpret financial reports and transpose facts into statements or manageable work packages
• Continuous desire to learn and drive to further improve our analysis and reporting tools
• Strong PC and software skills, specifically in MS Excel, PowerPoint. SAP experience/knowledge is a plus.
• Working knowledge of financial ERP Model, finance experience in a manufacturing environment, SAP knowledge is a plus
• Experience using an enterprise business intelligence tool is a plus
• Knowledge of financial ERP model a plus

Company: Festo Didactic Inc.

Location: