WHO ARE WE
LMI is a world-class leader in designing, building and manufacturing aerospace structures, systems and components for commercial, business and regional, and military aerospace customers. We employ engineering, manufacturing and testing experts throughout the United States and the rest of the world. Our integrated team approach and full life cycle of capabilities enable our employees to take advantage of a wide range of opportunities for career growth within our organization.
Summary: Under general direction and with minimal supervision, the Senior Financial Analyst is responsible for assisting the GM with the financial organization and financial responsibilities for the Wichita plants. This includes analysis of actual versus planned performance. While performing all duties and responsibilities, the Analyst will at all times, model LMI principles and act in a manner consistent with the LMI Code of Business Conduct and Ethics.
Essential Duties & Responsibilities include the following. Other duties may be assigned:
- Integration of general accounting functions with MRP software - responsible for postings to the general ledger including journal entries, and reconciling accounts monthly including responsibility for accurate month end and year end closing procedures.
- Financial Statements – emphasis on timely and accurate assistance in the preparation and analysis of monthly financial statements in accordance with GAAP including reporting package, intercompany, inter COE and consolidation activity.
- Develop and maintain an in-depth understanding of long-term contract accounting principles.
- Support the Program Management Team in developing and presenting program information for Program Management Reviews, and routine executive updates.
- Query LMI's systems to capture and analyze the data required to prepare month end journal entries in accordance with long term contract accounting guidelines.
- Provide cost and margin analysis to operations focusing on assemblies and sub-assemblies that make significant contribution to the bottom line that may represent opportunities for improvement.
- Budgeting – assist with developing budgets and analyze and report performance activity measured against these targets.
- Profitability analyses – analyze, learn the business and determine profitability by business segment including training and explanation with internal managers regarding reports and analysis. Provide information for sales with gross margins by segment, customer, part number, etc.
- Cost accounting – ensure costing accuracy and use information to empower managers with business knowledge of costs by part for materials, labor, overhead and outside processing to be used for quoting new business, driving costs out of the business, etc.
- Develop, monitor and enhance internal controls with significant emphasis on inventory control
- Ensure that inventory items are properly valued at the lower of cost or market. Determine adequacy of excess and obsolete inventory values.
- Production reporting and analysis - analyze, develop and report on various metrics to help drive performance in various business segments. This includes capacity planning, factory utilization and variance from standards.
- Establish and monitor internal control procedures.
- Daily billings - oversee, analyze and assist with the accuracy of charges posted on the general ledger for both intercompany and external customers.
- Report writing – accurately download information from MRP system and develop meaningful reports and analysis of activity.
- Maintain all documentation necessary to support internal and external audits relative to long term contract accounting.
- Hire, train, supervise and discipline staff as needed and directed.
- Participate in a variety of special projects and improvement teams as requested.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Education/Experience: Employee must have Bachelor's Degree in Business, Accounting or Finance, or the equivalent combination of education, training and experience combined. At least five years of experience in a business, cost, or financial analyst role in a manufacturing environment. Extensive cost accounting experience in a manufacturing environment and long-term, government and other types of contracting experience are preferred.
- Specific Job Skills: The employee must be proficient in Microsoft Office and possess strong analytical and critical thinking skills.
- Behavior/Work Management Skills: Employee must have the ability to work in a dynamic environment with multiple priorities and shifting time requirements. Must be able to promote a participative, team oriented environment, working with customers (both internal and external), all employees, vendors and others in a professional and respectful manner.
- Communication Skills: Employee must have excellent communication skills and be able to communicate clearly and professionally, both orally and in writing.
- Language Skills: Employee must have the ability to read, analyze and interpret general business periodicals, professional journals, technical materials and governmental regulations. Ability to write reports, business correspondence, work instructions and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, customers, employees and vendors.
- Reasoning Ability: Employee must have the ability to define problems, collect data, establish facts and draw valid conclusions. Ability to deal with several abstract and concrete variables.
- Team Facilitation Skills: Employee must be able to facilitate team improvement activities spanning multiple processes with diverse teams in various geographical areas.
- Mathematical Skills: Employee must have the ability to work with mathematical concepts such as probability and statistical inference, accounting and financial calculations and projections. Ability to produce and interpret financial reports in graph and diagram form.
Physical Requirements: The employee must be able to sit for extended periods of time, with periodic breaks. Employee may occasionally stand and/or walk and occasionally lift and /or move up to 10 pounds. Must be able to move throughout the office and manufacturing area and talk/hear or otherwise communicate with employees, management, customers, vendors, and others.
Work Environment: The employee will normally work in an office and periodically in the shop environment. The noise level in the work environment ranges from quite to moderate. Employee will be required to wear personal protective equipment when working on the shop floor.
Special Requirement: The employee may be required to work extended hours, including evenings and weekends, if necessary to meet deadlines.