Business Finance Senior Analyst (Virtual Factory)

The Role: Business Finance Senior Analyst

The Business Finance Senior Analyst will be responsible for the Virtual Factories (East Asia and India territories) and Logistics.

You shall act as the single point of contact responsible for serving as the primary liaison between the manufacturing department, Logistics and the finance team.

Your role will involve providing financial analysis, reporting, and support to ensure effective decision-making and financial management within the manufacturing operations.

You will collaborate closely with cross-functional teams to drive financial performance, cost control, and process improvements.

What will you do?

Financial Analysis includes but not limited to:

Conduct financial analysis onlogistics costs, transportation expenses, and related key performance indicators (KPIs).

Identify areas for improvement and cost-saving opportunities.

Prepare detailed financial reportsand presentations, forecasts, and budgets to aid in decision making activities/processes

Conduct variance analysis toidentifydiscrepancies between forecast versus actual financial performance

d.Collaborate with inventory control teams to ensureaccurate valuation, reconciliation, and analysis of inventory levels.

Provide insights on inventory optimization and assist in the resolution of inventory-related issues.

e.Otherreporting and analysis such as Part weights validation, direct labor productivity, Price, volume & FX sales data, purchase productivity validation, freight and other logistic data collections and their lives

Cost analysis

Collaborate with production teamstoidentify cost drivers, analyze cost trends, and implement strategies to optimize costs and improve profitability

Monitor and collect manufacturing costs such as labor and inventory andidentifycost saving opportunities without compromising product quality or operational efficiency.

Work closely with thelogistics team to analyze cost drivers, evaluate cost trends, and implement strategies to optimize costs and improve profitability

Budgeting and Forecasting

Create and computeaccuratefinancial forecasts based on historical data and production requirements

Monitoring of budgets for manufacturing projects, department, and overall operations

Collaborate with theplant finance teamand logistics team to develop and manage manufacturing budgets, forecasts and financial plans

Freight and Carrier Management

Provide financial guidance and analysis on freight rates, carrier contracts, and transportation costs.

Evaluate carrier performance and support negotiations to achieve favorable terms

Data analysis

Extraction of information from large datasets translating them to meaningful use to support decision making

Utilizeadvanced data analysis techniques and financial modeling to provide insight into business performance

Process optimization and transformation

Identify inefficiencies in financial processes and implement improvements to enhan...