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Finance Operations Specialist - Full Time

The Timken Company - Fulton, IL


Posted on 06/07/21 (Ref: ILap89g26n)

Finance Operations Specialist - Fulton, IL - The Timken Company

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 role is responsible for the accuracy and integrity of all financial information for chain and auger product plants' activities (Fulton and Clinton locations). As a critical member of the plant's management team, the Finance Operations Specialist is responsible for driving the financial performance of each plant and ensuring that economic rigor is applied to the decision-making process. This includes efforts to reduce invested capital, improve cash flow, and drive continuous improvement in cost and productivity. This position reports directly to the Controller - Belts & Chain.

Essential Responsibilities

  • Prepare, review, and analyze monthly financial statements/KPI reports for the chain and auger plants in accordance with company policies and GAAP.
  • Proactively partner with plant management and the Controller to ensure that all parties have a clear and accurate picture of the plants overall financial performance.
  • Lead the preparation of the plants' business planning process, incorporating productivity and cost targets for both manufacturing and sourcing.
  • Prepare monthly rolling forecasts and provide plant and operations leadership with insight and commentary for all major variances from both plan and prior forecast.
  • Provide financial guidance for all plant capital investments and related business case justifications.
  • Lead and drive plant cost reduction efforts, holding plant management team responsible for delivering annual cost reductions and productivity improvements.
  • Develop and maintain accurate standard cost data for all products, working with both product teams and business management on new product development and new business opportunities.
  • Ensure proper internal controls are in place to safeguard company assets.
  • Develop necessary inventory polices and controls to ensure integrity of financial statements.
  • Lead annual physical inventory for all plants.
  • Have flexibility to travel between the plants as needed.

Technical Skills

  • Strong variance and root cause analysis skills
  • Advanced Excel and SAP capabilities
  • Excellent verbal and written communication skills

Education:

  • Bachelor's degree in Accounting/ Finance or Business required. Plus, 5+ years of experience in Accounting/ Finance. (or)
  • Master's degree in Accounting/ Finance or Business (or MBA) preferred. Plus, 3+ years of experience with MA/ MBA completed.

Certification: CPA/ CMA preferred

All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.

Finance Operations Specialist - Fulton, IL - The Timken Company


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