Job Opening: Financial Analyst
- Company
- Cox Machine Inc.
- Location
- Wichita, KS
- Posted on
- April 6, 2024
This job was posted by https://www.kansasworks.com : For more
information, please see: https://www.kansasworks.com/jobs/12890415
Purpose
The Financial Analyst is responsible for the financial planning of our
manufacturing operations. The responsibilities include preparation of
budgets, forecasts, financial models, cash forecasts, financial
statements, performance analytics, customer payment coordination and
management of our line of credit tools. The Financial Analyst will
support the leadership team with data analysis to report on effective
business practices, refine cash forecasting and management processes and
will assist in development of a treasury function in the organization.
Additionally, the role will support the CFO in refining budgeting and
forecasting process, documentation for audit requirements, documentation
for tax compliance and special projects as assigned.
Education and Experience
- Bachelors degree in accounting required.
- Certified Public Accountant (CPA) or Certified Management Accountant
(CMA) a plus.
- Minimum of five to seven years of experience in progressively
responsible roles in a financial planning and analysis role.
Supervisory Responsibilities
- Review AR for open sales order issues, aging issues, and handling
collections. Coordinate corrections with plant accounting team.
- Manage cash deposits, provide a weekly cash reconciliation, and
develop a cash forecast.
- Works with department leaders to improve key performance indicators
and to analyze financial data.
- Develops skills to be a super user of the Global Shop ERP system.
Position Responsibilities
- Supports the financial strategy of the organization.
- Assists in the preparation of all financial statements which
includes but is not limited to income statements, balance sheets,
statement of cash flows and tax documentation.
- Responsible for managing annual budgeting and forecast process and
developing process improvements to move to a 18-month rolling
forecast.
- Reports on budget to actual variances for the executive leadership
team.
- Analyze data to assess operational or project effectiveness.
- Effectively and clearly communicates potential risks in a timely
manner.
- Prepares monthly financial information including key performance
indicators, financial ratios and financial statements including
variance explanations.
- Refine and manage cash forecasting process.
- Refine and manage sales analysis.
- Develop supporting functions for new line of credit management tool.
- Work with CFO to define treasury function for the business.
Tasks
- Support annual process to develop an organizational budget and
prepare monthly reports with variance to the finalized budget.
- Provide remittance information and manage line of credit through
banking tools provided by bank.
- Prepare analysis of pledged AR to manage fee structure.
- Prepare forecasts for cash weekly. Prepare forecasts for sales and
performance quarterly.
- Analyze operation costs to evaluate performance of organization.
- Prepare supporting documentation for compliance with all taxing
authorities for state and federal jurisdictions
- Prepare supporting information annual insurance renewal
- Prepare supporting documentation for annual external review.
- Manage accounts receivable aging to meet key performance metrics for
days sales outstanding (DSO).