Job Opening: Sr. Financial Analyst

Sr. Financial Analyst Location: Akron, OH, United States Job Type : Regular Posted : May 14, 2024 Job ID: 46792 Back to Search Results Job Description Apply Now > Save Job Job Saved Parker Aerospace, an operating segment of Parker Hannifin Corporation, is one of the world's leading producers of flight control, hydraulic, fuel and inerting, fluid conveyance, thermal management, and engine systems and components for the aerospace industry. We design and build equipment for virtually every aircraft and aero engine being produced in the world today. In addition to game-changing technology, our customers look to us for shorter lead times, lower costs, higher reliability, and lifetime support. All coupled with the positive attitude and innovative thinking of a true business partner. Parker Aerospace provides unmatched performance for both our customers and shareholders, built on a foundation of core company values. As a result, our business growth is impressive and consistent. Best of all, our team members share in the success resulting from that growth. * We offer competitive vacation and 13 paid holidays * 401(k) with a 5% matching contribution with immediate investing * Competitive annual bonus incentive plan * Health and dental options effective day 1! The Sr. Financial Analyst will develop, prepare, evaluate, and analyze complex financial analysis studies in an accurate and timely manner using financial analysis principles; company Financial practices and policies, to resolve intricate financial problems. The role is key to all major Financial Planning & Analysis processes and functions including, annual and monthly budgeting and forecasting processes, variance analysis, cash flow control, and value-based decision making. The role provides support to the FP&A Manager & other senior management as required and includes, but is not limited to, investment analysis, new business opportunities - pricing and costing support, and other ad-hoc projects. * * Accounting & Controlling Process Support o Participate in the preparation and analysis of weekly, monthly, and annual revenue and margin forecasting o Participate in the formulation and analysis of the financial data used to guide operations; participate in the advance development and analysis of policy geared toward the refinement of financial management techniques. o Support closing activities as required o Process improvement mindset; play a key role in evolving, improving and standardizing processes * Functional Department Support o Partner with Program Management function to support internal program reviews and customer requests o Work closely with Sales & Marketing team to prepare pro-forma financials in support of new contract negotiations o Participate in the monthly SIOP process as the Finance lead o Partner with Program Management and Engineering to support and develop Business Evaluation Models for leadership review * A/R & Cash Flow Controlling o Prepare and review AR & FCF for weekly forecast submittal o Assist with credit control process and credit limit establishment & maintenance o Work with Accounts Receivable team to report, analyze, and manage aged debt * Business Controlling o Prepares, analyzes and reports out on FOC (Free of Charge) requirements for the business o Provide a detailed analysis of a wide range of varying special project assignments o Ensure complete adherence to both corporate and statutory financial policies Education Bachelor degree required, preferably in Finance or Accounting. Master degree in Finance a plus. Experience 3-5 years of professional financial analysis experience Skills