Purpose:This individual will participate in all major FP&A processes and functions for The Timken Company including the monthly financial forecast, annual budgeting process, and variance analysis. This position provides strategic support to senior management by preparing presentations, investment analysis, industry/peer group comparisons, new business opportunity evaluations and other financial projects. This is a key role in maintaining and improving current processes related to global annual business planning, forecasting, variance analysis and value based decision making. This role is also viewed as a subject matter expert in elements of the forecast, reporting and financial systems. FP&A acts as the analytical engine of the business to provide insight and support for business decision making. This position reports to the Manager - Financial Planning & Analysis.
Essential Responsibilities:- Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, SG&A and cash flow
- Prepare quarterly and monthly financial reporting and analysis for senior management
- Consolidate and analyze monthly financial forecasts and annual budgets
- Develop financial models and analyses to support strategic initiatives
- Analyze financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes
- Support senior management team and department heads with in-depth financial analysis
- Prepare presentations for senior management team
- Interface with finance managers around the world to ensure accurate reporting, forecasting and variance analysis
- Conduct forecast reviews of the income statement, balance sheet, and cash flow statement and recommend adjustments
- Provide other ad hoc reporting and analyses as necessary to support the organization
Technical/Functional Skills- Strong analytical skills for variance/root cause analysis
- Strong communications and team skills
- Strong business understanding
- Strong strategic thinking
- OneStream expertise (preferred)
- SAP and Business Intelligence expertise (preferred)
- High proficiency with Microsoft Office applications including Power BI
Minimum Qualifications- Bachelor's degree in Accounting or Finance or related field with at least 2 years' relevant experience. Experience with a global manufacturing company is preferred.
- Master's degree in Accounting/Finance preferred.
- Position level will be dependent upon years of qualified, relevant experience and education.
This position may require access to United States export controlled technical data ("CTD") and hardware under the Departments of US State (ITAR) and/or Commerce (EAR). Eligible candidates are; US Citizens, Green Card holders, Asylees or others eligible to receive US export license authorizations. Candidate must be authorized to work in the US.
