Job Information
Englewood Lab, Inc Financial Analyst- Cost Management- (Accounting) in Totowa, New Jersey
The Financial Analyst-Cost Management is responsible in supporting Englewood Lab's financial health and growth strategy. The Financial Analyst-Cost Management will leverage their analytical and technical skills to optimize pricing, mange inventory costs, and generate insightful reports for informed decision-making.
Responsibilities:
Business Planning & Analysis:
Collaborate with internal teams to develop a comprehensive annual business plan.
Monitor progress against Key Performance Indicators (KPIs) for strategic alignment.
Conduct industry research to stay informed on market trends.
Cost Management & Optimization:
Analyze inventory costs from financial and operational perspectives.
Manage monthly cost closing procedures for accurate cost allocation.
Ensure accurate inventory valuation through master file management.
Develop strategies for disposing of excess or obsolete inventory.
Review and assess inventory counting procedures for efficiency and accuracy.
Identify cost-saving opportunities through analysis of material prices, production processes, and key expenses.
Financial Reporting & Analysis:
Prepare monthly business performance reports, analyzing trends and identifying potential issues.
Analyze actual production costs and variances.
Regularly download and analyze data to assess product profitability.
Generate presentations for leadership, summarizing key financial insights.
Internal Controls & Compliance:
Maintain Internal Audit Control System (IACS) planning and testing procedures.
Review IACS plans and prepare test procedures for Controller approval.
Conduct IACS testing and report results.
Prepare bi-annual IACS operational status reports for relevant stakeholders.
Pricing & Revenue Management:
Manage Requests for Quotes (RFQs) from Sales, collaborating with cross-functional teams to establish pricing strategies.
Analyze market data and draft pricing calculations for CFO approval.
Process Improvement:
Identify and implement improvements to the financing process for enhanced data integrity.
Requirements
Bachelor's degree in Finance, Economics, Business Administration, or a related field.
5+ years of experience in a relevant financial analysis or cost management role.
Strong analytical and problem-solving skills with a focus on cost optimization.
Excellent communication and interpersonal skills, with the ability to present complex financial information clearly and concisely.
Proficient in MS Office Suite (Excel, Word, PowerPoint).
Experience with SAP, Power BI, and advanced Excel functions is a plus.
Business Management experience is preferred.
Bilingualism in English and Korean is a plus.
Benefits
Medical, Dental, and Vision Insurance
Life Insurance 100% contributed by the Company
401k after 6 months