Financial Analyst

Novaspect, Inc., an Emerson Impact Partner, the global leader of automation systems and solutions, is currently offering an opportunity for a Financial Analyst to join our fast-paced, customer-oriented team. In this role, you will play a critical role in supporting our business units through comprehensive financial analysis, strategic planning, reporting, and insightful recommendations. You will collaborate closely with cross-functional teams, including executive leadership, sales, business unit leaders, and operations, to provide reporting, financial expertise, and guidance for decision-making. The ideal candidate has a strong background in financial analysis, distribution and services processes, and a desire to understand and navigate our complex organization.

Essential Duties and Responsibilities:

• Financial Reporting and Analysis: Prepare monthly, quarterly, and annual reports on the company’s financial performance. Analyze financial data related to revenue, sales trends, bookings, and returns to identify patterns, areas of improvement, and growth opportunities. Reporting will be needed for external requirements.
• Budgeting and Forecasting: Collaborate with business unit leaders to develop accurate budgets and forecasts. Monitor actual financial performance against targets and provide variance analysis, highlighting key drivers and recommending corrective actions when necessary.
• Sales Trends Analysis: Conduct in-depth analysis of sales data to identify trends, opportunities, and challenges. Provide recommendations to enhance profitability and revenue growth.
• Returns Analysis: Analyze returns data to determine patterns and root causes. Work with the sales and operations teams to implement strategies to reduce return rates and improve customer satisfaction.
• Performance Metrics: Develop and monitor key financial performance indicators (KPIs) related to manufacturing efficiency, sales performance, delivered not invoiced, commissions, and product returns. Prepare reports for senior management highlighting findings and recommendations. Work with Business Analyst to create reports in Power BI or Workday Adaptive and establish an organized repository of metrics and dashboards.
• Strategic Planning: Collaborate with key stakeholders to develop and implement strategic plans for business unit growth. Provide valuable insights and recommendations on resource allocation, cost optimization, pricing strategies, and revenue forecasting.
• Financial Modeling: Develop and maintain complex financial models to support decision-making regarding manufacturing processes, cost management, investment opportunities, and sales strategies. Ensure models accurately reflect operational and financial scenarios.
• Scenario Analysis: Conduct scenario analyses to evaluate the financial implications of various business strategies under different conditions. Utilize models to simulate the financial impact of changes in market conditions, production costs, sales volumes, and pricing strategies.
• Cross-functional Collaboration: Work closely with internal teams, managers, and business development to provide financial guidance and support. Collaborate on the development of pricing models, cost modeling, and financial performance indicators.
• Process Improvement: Continuously identify opportunities to streamline financial processes, enhance financial reporting systems, and improve the accuracy and efficiency of financial analysis. Implement best practices and contribute to the ongoing development and enhancement of financial tools and methodologies.

 Qualifications:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field. 
• Minimum of 5 years of experience in financial analysis, preferably in a manufacturing environment.
• Strong analytical and data analysis skills, with proficiency in Excel and financial modeling.
• Experience with financial reporting and forecasting tools.
• Excellent communication and presentation skills, with the ability to convey complex financial information in an understandable manner.
• Detail-oriented with strong organizational and multitasking abilities.
• Proven ability to work independently and as part of a team.
• Working knowledge in financial software and tools, including Adaptive, Power BI, ERP systems including IFS and Salesforce, and Microsoft suite would be a plus. 

Financial Analyst Pay & Benefits:

• 100 - 125K base salary + a 5% bonus

Recognized with a Top Employee Benefit Plan Award, below you will find our outstanding total rewards package when you join our team including:

• Generous paid time off; starting at 15 vacation days, 10 holidays, and personal time off
• 401K with 6% company match 
• Employee Stock Ownership Program (ESOP) 
• Excellent health & wellness benefits
• Student debt & tuition reimbursement
• Referral bonus

Financial Analyst Schedule:

• Monday - Friday: 8am - 5pm
• In Office: Daily for first 6 months; eligible for 2 work from home days per week after that

Financial Analyst Location:

• Schaumburg, IL

Who We Are:

Novaspect, Inc., is an employee-owned company that engineers, sells, and services industrial process controls. Our Core Purpose is to improve our customer’s performance through the innovative application of technology. We are passionate about creating effective processes and building customer relationships. We position ourselves to attract the best talent, and ensure we are delivering local services with proven technologies.