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Senior Operations Financial Analyst - Full Time

The Timken Company - Fulton, IL

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Posted on 07/10/24 (Ref: ILabshkz6p)

Senior Operations Financial Analyst - 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.

Position Summary: As a Senior Operations Financial Analyst, you will play a key role in supporting the financial planning and analysis functions for our chain manufacturing operations. You will collaborate with cross-functional teams to analyze operational performance, identify opportunities for improvement, and contribute to the development of strategies that drive financial success.

Key Responsibilities:

  • Financial Planning and Analysis:
    • Conduct comprehensive financial analysis to support operational decision-making.
    • Prepare detailed financial models and forecasts for manufacturing operations.
    • Evaluate key performance indicators (KPIs) to assess the financial health of the operations.
  • Cost Analysis and Control:
    • Analyze and monitor manufacturing costs, identifying areas for cost optimization and efficiency improvements.
    • Collaborate with operations teams to understand cost drivers and implement strategies for cost control.
  • Budgeting and Forecasting:
    • Assist in the development of annual budgets and periodic forecasts for manufacturing operations.
    • Track and report on budget variances, providing insights and recommendations.
  • Operational Efficiency:
    • Work closely with operations teams to analyze processes and identify opportunities for operational efficiency.
    • Provide financial insights to support continuous improvement initiatives.
  • Reporting and Communication:
    • Generate regular financial reports for senior management, highlighting key performance metrics and financial trends.
    • Communicate financial insights clearly and concisely to non-financial stakeholders.
  • Ad-Hoc Analysis:
    • Conduct special financial analyses and projects as needed.
    • Provide decision support through scenario analysis and financial modeling.
  • Develop and maintain standard cost for all products, working with procurement teams, production teams, and engineering teams for the most accurate standard production costs.
  • Follows proper internal controls to safeguard company assets.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Business, or related field with 5+ years relative experience.
  • Master's degree or professional certification (e.g., CFA, CPA) is a plus.
  • Proven experience as a Financial Analyst, preferably in a manufacturing or operations-focused role.
  • Strong analytical skills with the ability to interpret complex financial data.
  • Excellent communication and presentation skills.
  • Detail-oriented with a commitment to accuracy.

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.

Senior Operations Financial Analyst - Fulton, IL - The Timken Company


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