Cost Analyst

Xylem is a Fortune 500 global water solutions company dedicated to advancing sustainable impact and empowering the people who make water work every day. As a leading water technology company with 23,000 employees operating in over 150 countries, Xylem is at the forefront of addressing the world's most critical water challenges. We invite passionate individuals to join our team, dedicated to exceeding customer expectations through innovative and sustainable solutions.

Job Summary:

The Cost Analyst role is a vital member of the finance team, contributing to the accurate and timely financial reporting of our organization. Your duties will include preparing financial statements, conducting monthly and annual account reconciliations, and ensuring compliance with generally accepted accounting principles (GAAP). You will also be involved in budgeting processes, financial forecasting, and providing tax support. Your analytical skills will be essential in identifying discrepancies and implementing corrective actions. This role requires a detail oriented individual with strong problem solving abilities and a commitment to maintaining the highest standards of financial integrity.

This is a hybrid role based in Charlotte, NC. This person is expected to be onsite at least 3x per week.

Responsibilities:

Financial Reporting
• Prepare and analyze financial statements
• Monitor and reconcile accounts
• Assist with budgeting and forecasting

Bookkeeping
• Record and maintain financial transactions
• Manage accounts payable and receivable
• Reconcile bank statements
• Assist with payroll processing

Auditing
• Conduct internal audits on accounting
• Ensure compliance with financial regulations
• Identify and report any discrepancies or errors

Financial Analysis
• Analyze financial data and provide insights
• Prepare financial reports and presentations as required
• Assist with financial planning and decision making

Client Management
• Communicate with clients to gather financial information
• Provide financial advice and guidance
• Build and maintain client relationships

Software Management
• Utilize accounting software for financial recording and reporting
• Train and assist colleagues on software usage
• Stay updated on new software and technology developments

Team Collaboration
• Work with other departments to gather financial information
• Collaborate with colleagues to improve processes and procedures
• Participate in team meetings and discussions

Ad Hoc Projects
• Assist with special projects and initiatives as needed
• Conduct research and analysis for various business needs
• Identify and implement process improvements for increased efficiency.

High Impact Behaviors:
• Continuous Professional Development: Professionals should be committed to lifelong learning, seeking out opportunities for self improvement, and staying abreast of industry trends and best practices.
• Collaboration and Teamwork: Effective professionals understand the value of collaboration. They work well with others, contribute to team goals, and understand that diverse perspectives can lead to better solutions.
• Results Driven Performance: High performing professionals focus on delivering results. They set high standards for their own performance and are committed to achieving objectives efficiently and effectively.

Qualifications:
• A bachelor’s degree in Finance, Accounting, Business, or a related field with at least 2 years experience or equivalent work experience that provides exposure to fundamental theories, principles, and concepts.
• Proficiency in accounting software (like QuickBooks, SAP, or Oracle), spreadsheet programs (such as Microsoft Excel), and a strong understanding of Generally Accepted Accounting Principles (GAAP).
• The ability to analyze financial data, identify trends, and provide accurate financial reports.
• Strong understanding of accuracy of financial documents and compliance with laws and regulations.
• Clear and effective communication is essential for collaborating with team members and explaining financial information to non financial individuals.
• A strong sense of ethics and integrity, as accountants handle sensitive financial information.
• A commitment to ongoing learning and staying current with changes in tax laws, regulations, and financial reporting standards.

The estimated salary range for this position is $70,000 to $90,000. Starting pay is dependent on multiple factors, such as skills, experience and work location, and is not typically at the top of the range.  At Xylem we offer a competitive compensation package with a generous benefit package, including Medical, Dental, Vision plans, 401(k) with company contribution, paid time off, paid parental leave and tuition reimbursement.

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Join the global Xylem team to be a part of innovative technology solutions transforming water usage, conservation, and re-use. Our products impact public utilities, industrial sectors, residential areas, and commercial buildings, with a commitment to providing smart metering, network technologies, and advanced analytics for water, electric, and gas utilities. Partner with us in creating a world where water challenges are met with ingenuity and dedication; where we recognize the power of inclusion and belonging in driving innovation and allowing us to compete more effectively around the world.