Your Career Begins at Timken
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.
This position reports directly to the Finance Manager at Timken Aerospace Drive Systems in Manchester, CT and is responsible for processing, analyzing & reporting payroll data (direct, indirect & overtime hours) for the site. The role will:
- Forecast operational labor based on volume demand and provide recommendations to management for improvement.
- be responsible for identifying financial trends and providing recommendations for improvement on such items as Material, Operational and SG&A expenses. A strong link between finance, operations and sales in order to identify problem areas vs. forecast/plan.
- be responsible for the site's fixed assets (inventory verification, additions, disposals, depreciation) as well as monthly capital reporting.
- assist with the annual rate development process and with the annual standard cost development for the front-end, compile site budgets & forecasts, assist with the annual physical inventory, conduct legal entity financial closing & reporting (i.e. - journal entries & uploading data to Hyperion) on a monthly basis to ensure all plant accounting activities comply with GAAP, Timken policies, and sound business practices.
Conduct direct testing of Sarbanes Oxley controls and interface with both internal & external auditors (E&Y and Government auditors) to ensure proper internal controls are in place, assisting with accountability and providing innovative solutions.
*Create forward looking financial models and "what if" modeling capabilities aiding the decision making process.
*Month-end close & reporting (Oracle journals & Hyperion uploads)
*Proactively interacting with department managers/supervisors analyzing tactics & researching issues - anticipating opportunities and providing answers & insight to key questions before they are asked.
*Perform Vendor set-ups.
*Conduct Balance sheet reconciliation
*Review and analyze sales & use tax analysis
*Conduct and analyze weekly labor reporting to identify variances to plan/forecast
*Perform SG&A Forecasting Planning & Analysis
*Support the Safety and participate in the BBS program and analyze the current trends and make suggestions on improvements
*Assist with the investment initiatives, analyzing cost & confirming related payback
*Assist with CI initiatives, analyzing cost, trends & confirming applicable savings
*Manage the Post-Investment reviews to ensure ROI is on track
*Conduct weekly Pulse checks to ensure KPI's are aligned with plan/forecast
US Citizen or green card holder
Bachelors degree in Accounting/Finance
4 to 6 years of general Accounting and FPA experience. Strong fundaments "know-how" in accounting and finance related topics
Solid communication, analytical and leadershio skills
Ability to develop and conduct training sessions for both groups and individuals
Project Management - Execution oriented and rigorous in meeting performance commitments
Creation of Models to aid in the decision making process
Solid systems and SOX assessment knowledge
Experience working with internal and external auditors (E&Y and DCAA)
Experience in Forecasting, Planning & Analysis (FPA)
Advisor & Consultant - business partner that provides what is asked and needed
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, or disability status.