Experience:
No experience
Employment Type:
Intern/Co-op
Posted:
3/5/2019
Job Category:
Analysis
Financial Analyst II-Cost Analyst
(This job is no longer available)
TRW | Tuscaloosa, AL
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Job Description

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Job DescriptionFinancial Analyst II-Cost Analyst

Responsibilities

Financial Analyst II-Cost Analyst

ZF Chassis Systems Tuscaloosa

Position Summary: The Financial Analyst II-Cost Analysis is responsible for performing

cost analysis in completion of cost accounting activities, in addition to

preparing financial data for the statements and monthly reports, in order to

ensure timely and accurate financial reporting and compliance with all internal

(ZF IFRS accounting manual) and external (regulatory) requirements.

Position Responsibilities:

Maintains accounting policies and controls, fiscal controls, preparing financial reports

and safeguarding the organization's assets.

Performs general accounting activities, including the preparation, maintenance and

reconciliation of ledger accounts and financial statements such as balance

sheets, profit-and-loss statements and capital expenditure schedules.

Prepares records, analyzes and reports accounting transactions and ensures the

integrity of accounting records for completeness, accuracy and compliance

with accepted accounting policies and principles.

Provides financial support, including forecasting, budgeting and analyzing variations

from budget.

Analyzes and prepares statutory accounts, financial statements and reports. Conducts

or assists in the documentation of accounting projects.

Perform cost accounting analysis to identify, analyze, and evaluate cost-related data, such as inventory receipts, inventory transactions, expenditures and standards to validate

and ensure the accuracy of inventory and cost of sales data.

Resolve questions concerning accounts payable inventory processing; work closely with Sr. Accountant to resolve discrepancies with accounts payable regarding inventory issues.

Investigate discrepancies related to analysis of customer payments (both current and retro).

Manage pricing transactions and cost planning data in SAP for all customer programs and track any price changes; complete periodic analysis and reporting of key costing data and metrics.

Evaluate and analyze manufacturing and financial results regarding sales price and material price variance; complete monthly reports which provide a detailed explanation of analysis and variance.

Work with operations department to determine cost impact of changes to manufacturing processes (e.g. scrap, OT, line balancing, etc.)

Perform balance sheet reconciliation.

Create accounting and costing views for material master data, standard costing runs/calculations, and cost collectors in SAP.

Prepare monthly detail inventory provision and reserve analysis; maintain and recommend improvements in the cost and inventory systems, as it relates to cost accounting procedures/compliance.

Participate in audits of the assembly areas physical inventory to ensure inventory accuracy.

Complete monthly sales, service, packaging, and scheduling agreement reports.

Analyze and prepare auditors' work papers for the annual audit and assist with annual report preparations.

Compile budgetary data and related information to assist with the development of business planning.

Provide financial guidance and/or developmental/compliance support for any new process implementations.

Participate in continuous improvement programs and provide support to team efforts.

Maintain professional and technical knowledge by attending educational workshops, formal training, reviewing professional publications, establishing and expanding professional networks, and participating in professional societies.

Comply with all TS16949 policies and procedures.

Perform other duties as assigned.

Essential Skills and Experience:

Bachelor's Degree in Accounting/Finance or related discipline.

3 to 5 years of experience (including internship/co-op) as a financial analyst, cost accountant, or comparable position/experience

Computer skills (i.e. Excel, Word, SAP, etc.)

Proven interpersonal and communication skills

Knowledge of modern quantitative and qualitative financial analysis techniques

Experience in one or more accounting/finance functions

ERP system experience

Familiarity with financial/controlling operations in the durable goods manufacturing industry typically associated with industry experience directly related to accounting, finance, or controlling

Working knowledge of ad-hoc financial analysis and the generation of monthly executive-level

financial reports (e.g. profitability and forecasts)

Solid organizational and project management abilities

Strong problem solving and analytical skills

Ability to work independently in a fast-paced high-volume environment

Ability to interface with cross-functional teams and all levels of personnel and management

English language competency - both written and oral

Preferred Skills and experience:

C.P.A. or related certification

Experience in the Automotive Industry

German and/or Spanish language skills

ZF North America, Inc. provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. ZF North America, Inc. complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training. ZF North America, Inc. expressly prohibits any form of unlawful employee harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of ZF North America, Inc. employees to perform their expected job duties is absolutely not tolerated.

Requirements

About TRW

Northrop Grumman Corporation (Northrop Grumman) is an integrated enterprise consisting of businesses that cover the entire defense spectrum, from undersea to outer space and into cyberspace. The Company is aligned into seven segments categorized into four primary businesses. The Mission Systems, Information Technology, and Technical Services segments are presented as Information and Services. The Integrated Systems and Space Technology segments are presented as Aerospace. The Electronics and Ships segments are each presented as separate businesses. In January 2008, the Newport News and Ship Systems businesses were realigned into a single operating segment called Northrop Grumman Shipbuilding. In April 2008, the Company announced that it has completed the sale of its Electro-Optical Systems business to L-3 Communications. In October 2008, the Company acquired 3001 International, Inc. (3001).