FP&A Analyst

Description

Position Overview

The FP&A Analyst supports financial planning, forecasting, and performance analysis across manufacturing operations. This role partners closely with plant leadership, operations, supply chain, and senior finance to provide insights on cost structure, productivity, and profitability drivers. The ideal candidate combines strong financial acumen with an understanding of manufacturing processes and cost behavior.

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Key Responsibilities

Financial Planning & Forecasting

• Develop and maintain Annual Operating Plans, forecasts, and long-range plans for manufacturing operations
• Partner with plant managers and controllers to align financial targets with operational plans
• Monitor key cost drivers including labor, materials, overhead, and production volumes

Performance Analysis

• Analyze monthly financial results versus plans, forecast, and prior periods
• Identify variances in cost of goods sold (COGS), gross margin, and manufacturing expenses
• Provide actionable insights to improve efficiency, reduce costs, and increase profitability

Cost & Operational Analysis

• Support standard costing processes, including updates to labor and overhead rates
• Analyze manufacturing variances (material usage, labor efficiency, scrap, yield, absorption)
• Evaluate production performance, capacity utilization, and productivity metrics
• Partner with supply chain to assess inventory levels, obsolescence, and working capital

Reporting & Decision Support

• Prepare monthly management reports and dashboards for plant and corporate leadership
• Build financial models to support capital investments, new product launches, and process improvements
• Conduct scenario and sensitivity analyses (e.g., volume changes, input cost fluctuations)
• Support business cases for capital expenditures (CapEx) and operational initiatives

Cross-Functional Collaboration

• Partner with operations, engineering, and procurement teams to understand cost drivers
• Support continuous improvement and Lean Manufacturing initiatives with financial insights
• Assist in pricing analysis by evaluating cost structures and margin requirements

Process Improvement & Systems

• Improve financial reporting tools and automate processes where possible
• Ensure data integrity across ERP systems (currently using AX)
• Support implementation of planning tools and dashboards

Requirements

Education & Experience

• Bachelor’s degree in Finance, Accounting, Economics, or related field
• 2–5+ years of FP&A, cost accounting, or manufacturing finance experience
• Experience in a manufacturing or industrial environment strongly preferred

Technical Skills

• Strong financial modeling and analytical skills
• Advanced Excel (pivot tables, modeling, data analysis)
• Familiarity with ERP systems
• Experience with BI tools is a plus

Business Skills

• Solid understanding of cost accounting and manufacturing processes
• Ability to translate complex data into clear business insights
• Strong communication skills and business partnering mindset

Personal Attributes

• Detail-oriented with strong problem-solving skills
• Proactive and results-driven
• Ability to work in a fast-paced, cross-functional environment