Senior Financial Analyst
Ferrara Pan Candy Co., Inc.

Job Location: Augusta

Augusta

Want to make an impact?

Amazing opportunity at Ferrara! This position is open due to internal promotion. This position offers an incredible exposure to manufacturing accounting and challenging complexities in manufacturing, accounting, and cost. A true stepping stone to a Controller position within our growing company structure.

The Senior Financial Analyst supports strategies to drive increased profitability, process efficiency, reduced costs, and overall business improvement. Direct responsibilities include standard generation, ongoing bill of material and routing maintenance, and the daily execution of production costing. The Senior provides analytical and interpretive advisement supporting remediation efforts and collaborates with the Controller to develop annual budgets and strategic forecasts. Monthly closing duties include the generation of cost derived accruals, overseeing of the overhead settlement process, and documenting period and projected cost savings.

As a Finance Team member, the Senior Financial Analyst ensures that financial processes are unadulterated and accurate, disseminating established policy and auditing compliance to Standard Operating Procedures. Partners with leadership to establish best practices and drive organizational understanding of financial results, utilizing clear communication skills.

Ways you will make a difference

Has overall responsibility for maintaining the integrity and accuracy of the facility standard cost accounting system including:

• Monitors variances from standard and initiates standard cost changes via the ECN process to management to maintain accurate current standards

• Prepares and submits cost maintenance data on a timely and accurate basis and ascertains that the cost profile reflects new/revised standards as submitted

• Ensures that product standards are established and maintained in compliance with corporate accounting policy and per Supply Chain finance guidelines, ensuring proper inventory valuation and variance calculation

• Supports product innovation projects as financial liaison to develop standards, cash flow projections, and internal rate of return calculations

Has overall responsibility of the plant production execution process:

• Ensures prior day production is accurately and expediently processed

• Completes and publishes Daily Variance reporting

• Analyzes variances and works with stakeholders to identify root causes and develop remediation strategies

• Organizes quarterly product variance review to identify cost savings opportunities and mitigate inefficiency trends

• Reports significant variances to the Site Leadership Team

• Conducts the period inventory meeting

• Tracks material spillage/spoilage and forwards quantities to accounting for posting

• Monitors usage to ensure proper posting of both material code and quantity

• Is the local liaison with the Plant System Engineer for the automated Scrap Waste Feed System maintenance and tracking

Directs many general cost accounting activities:

• Interprets and reports events and practices having impact on product cost operations

• Conducts ad hoc variance meetings to build rapport with production personnel and aid their comprehension of cost data

• Participates in formulating and implementing new methods, policies, and programs to improve cost control procedures

• Provides subordinate training and instruction to maintain effective departmental operations

• Supervises departmental personnel in the preparation of daily cost reports

• Ensures that all cost reports are accurate and issued to management on a timely basis

• Consults with the Plant Controller on the assignment of responsibilities, evaluation of employee performance and salary adjustments, hires and terminations

Integrally involved in the annual budget and period forecasting process:

• Leads the completion of the budget / forecast templates provided by Supply Chain Finance

• Reports fixed overhead absorption gains and losses resulting from forecast revisions

• Participates in the budget/forecast conference calls and meetings

• Analyzes and provides explanations of variances from budget / forecast

• Leads the completion of the standard change request templates

• Participates in the standard change requests conference calls with Supply Chain Finance

Collaborates in the period end close process:

• Coordinates and participates in the preparation of period end cost data to ensure an accurate and timely close

• Prepares specific period end cost journal entries and related schedules adhering to company guidelines and GAAP

Experiences that will support your success

Bachelor's Degree in Accounting or Finance with 5 years of related experience or equivalent. Must have strong Microsoft Office skills with an emphasis on Excel, Word, and PowerPoint. SAP experience is desirable. Strong knowledge of standard costing, cost analysis, and general accounting procedures and controls are desired