Financial Analyst

Recruiter
Balfour Wilson Recruitment
Location
Kelso, The Scottish Borders
Salary
£30000 - £35000/annum
Posted
21 Jul 2017
Closes
20 Aug 2017
Sector
Engineering
Contract Type
Permanent
Hours
Full Time
Balfour Wilson Recruitment are recruiting for an experienced Financial Analyst for their manufacturing client based in Kelso. This is a fantastic opportunity for the right candidate to join a ever expanding and innovating company who are developing new products in a very specialised field to be used throughout the world. You will provide financial leadership to the relevant Team at a manufacturing site, and drive financial performance improvement. Responsible for a variety of financial activities, including product costing and pricing, sales and margin forecasting, analysis of customer margins, costs, and key balance sheet metrics, and financial risk avoidance.

Key Job Accountabilities:

Ownership for customer re-pricing process.
Ownership of customer forecasting process.
Using analysis of historical results, quoted margins and projected margins, establish financial goals for the Customer team and identify improvement opportunities.
Perform analysis of preliminary month-end customer sales and margins, and help ensure the integrity of the P&L and accounts.
Perform analysis of monthly financial results, and report results to the Customer Team and other site leadership as specified.
Participate in new product quote reviews.
Working with your team, help ensure quoted margins and costs are maintained and that the team understands what is driving them.
Identify gaps to quoted and expected margins and drive improvement opportunities with the Team.
Identify extraordinary costs incurred and ensure a recovery mechanism is in place.
Provide financial leadership to the Customer team and help identify continuous improvement opportunities through lean initiatives.
Understand customer contract terms relative to any commercial implications and help ensure customer and focus factory team members understand and abide by those terms.
Help ensure proper accounting of customer financial results including Sarbanes-Oxley implications.
Minimal travel may be required to meet the needs of the business.
Additional duties as assigned by management.

Education/Experience:

A minimum of a Bachelor's degree in Accounting, Finance or related field or
Professional Accountancy/Finance based qualification (ACA/CIMA/ACCA) or
Equivalent experience is required for this position - Professional Accountancy qualification is preferred.
Experience of 3 years is required for this position, assuming education requirements are met.

Skills & Abilities:

Intermediate computer skills
Intermediate decision-making, problem-solving skills, organisational skills
Advanced verbal and written communication skills
Self-motivated with the ability to work independently and in a team environment