Position Description

Financial Analyst

Company Overview:

DESTACO, a Stabilus Company, is a global leader in the design and manufacture of high-performance automation, workholding, and remote handling solutions.  The company serves customers in a variety of end-markets, including the automotive, life sciences, consumer goods, packaging, aerospace, and nuclear sectors. 

Built on a legacy of over 100 years, DESTACO offers a comprehensive portfolio of products to engineer precise movement, placement and control solutions that drive productivity and uptime for manufacturers around the world.  The DESTACO family of products consists of industry-leading brands such as DESTACO Manual and Power Clamps, Camco and Ferguson Indexers, Robohand Grippers and CRL Manipulators and Transfer Ports. 

DESTACO is based in Auburn Hills, Michigan, and operates globally through ~700 employees across 11 locations.

With nearly 90 years of demonstrated expertise, The Stabilus Group is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries.

Stabilus, approaching 1.5B EUR in revenue, is headquartered in Koblenz, Germany and employs more than 7,000 team members across 34 locations in 18 countries.

Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index. www.stabilus.com

Central Research Laboratories (CRL), the Remote Handling business within DESTACO is a key P&L serving the Life Sciences (pharmaceutical, radio-pharmaceutical and bio-containment) and Nuclear market segments. Our products are recognized in the marketplace under the CRL brand.

Position Summary:

This Financial Analyst is responsible for collaborating with the site Operations team to drive business results, assist in site financial forecasting and budgeting, perform business analysis for the Operations team, and publish management reports to communicate daily, monthly, quarterly and annual financial results.

The position is a key member of the DESTACO finance team and requires effective communication, cross-functional collaboration skills, process improvement skills, as well as the characteristics needed to proactively build internal business partnerships and influence at all levels of the organization to be successful and drive business results.

The Financial Analyst reports to the Director of Finance Americas & Global Supply Chain who is a member of DESTACO leadership. This position is located in Red Wing, MN.

Key Job Responsibilities included but not limited to:

Forecast and Budget Performance

• Provides monthly forecast projections including sales, bookings, expense, and investment analysis used to drive site business decisions.
• Manages reporting on and controlling site cost factors of labor, material utilization, overhead and freight versus forecast targets.
• Provide analysis on variances to plan, forecast, and prior periods.

Business Analysis

• Serves as financial business support to site leadership team.
• Works with Director, Finance Americas to standardize and improve site reporting and analysis.
• Reviews continuous improvement cost savings and reviews return on investment calculations for capital expense authorization requests.
• Prepares, reviews, and publishes daily operating metrics to monitor business performance.

Financial Reporting and Compliance

• Supports site monthly, quarterly and annual closing activities as needed, including preparation of journal entries.
• Supports preparation and reporting of end-of-month KPIs.
• Works with Director, Finance Americas to complete Stabilus requests and reporting.
• Supports annual standard cost update project.
• Works with cross-functional group to update new product standard costs as needed.
• Reviews material, labor, and overhead variances with site Operations team.
• Ensure internal controls and accounting procedures are being adhered to within site operations, including cycle count procedures.
• Monthly account reconciliation review.
• Performs other related duties as assigned or requested.

Leadership Competencies aligned with Stabilus and executed in DESTACO with appropriate expectations for the job level:

• Results Driven – Produces results that exceed Stabilus’s strategic objectives via a combination of planning and implementation, while living the Stabilus Values.
• Strong Business Acumen and Sound Judgment: Uses instinct and data to accurately assess business situations and industry trends; makes timely decisions.

Job Requirements:

Experience:

• Minimum of five years of similar experience in a manufacturing environment.
• Cost accounting experience is a plus for this role.
• Proficient in working in an ERP system (Oracle preferred).
• Possess excellent analytical and financial modeling skills.

Knowledge, Skills and Abilities:

• Advanced skillset in Microsoft Excel. Proficient with Word and Power Point.
• Knowledge of ERP systems such as Oracle is a big plus for this role.
• Ability to work with a high degree of confidentiality mandatory due to the sensitive nature of information in area of responsibility.
• Ability to collaborate and build relationships at all levels and across functions.
• Ability to influence decisions with objective facts and always act with integrity.
• Strong business acumen and organizational skills, keeps timeline commitments.
• Ability to effectively deal with ambiguity, and adjust priorities as needed.
• Excellent communicator including facilitation, verbal, and written skills.

Education and Certification Qualifications:

• Bachelor’s degree in accounting or finance required.

Travel Requirements

• Minimal Travel.

All qualified applicants will receive consideration for employment without discrimination on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other factors prohibited by law.