Financial Planning & Analysis Manager in Lafayette, Indiana at REA MAGNET WIRE CORP

Provide accurate, credible, and actionable financial analysis and accounting insights to support pricing, operation, finance and investment decisions. Serve as the finance partner to Commercial, Operations, and Supply Chain on all matters related to cost, margin, and profitability transparency.

Responsibilities:

• Develop,maintain, and continuously improve the company's unit costing and standard cost models, and ensure costing logic is clearly documented, understood, and trusted by stakeholders
• Supports the development of segmented profit and loss statements based on products produced and/or markets served to support corporate and operations decision-making.
• Partner with Operations and Supply Chain tovalidatecost inputs, routings, and assumptions
• Lead standard cost setting, periodical updates, and lead corporate variance analysis including material, labor, overhead, and yield variances
• Identifymargin erosion risks and proactively escalate concerns to finance leadership
• Support pricing decisions through margin analysisvia what-if scenarios and sensitivity analysis,and ensure product and customer margin accuracy and consistency
• Partner with Commercial teams on quoting, contract reviews, and margin improvement opportunities
• Support raw material pass-through logic and margin protection mechanisms
• Partner with Supply chainandOpexto analyzecost inputs andtrack cost savingsfor cost reduction opportunities
• Support the annual budgeting cycle and analyze variances to budget and prior year across revenue, cost, operating performance,and product groups,providing granularities behind the numbers
• Support capital and process improvement projects with profitability analysis
• Conduct ad hoc analysis on revenue, cost, margin, or business performanceandexplain "why" behind the numbers
• Develop and update analytical financial models and dashboards for executive decision-making

Position Specification

Performance Standards