Financial Analyst

At Flavorseal, we package opportunity! Our state-of-the-art food packaging solutions help transform our customers’ challenges into opportunities for competitive advantage. We deliver the future of food packaging to our customers through flavor technology, shrink packaging equipment and structures as well as netting. At Flavorseal, our goal is simple. We strive to understand our customers’ needs and exceed their expectations.

Overview

The Financial Analyst will be a key contributor to the success of the Accounting & Finance department and the overall Flavorseal business. Based in Avon, Ohio, and reporting to the Division Controller, Flavorseal, this is a role where core accounting and analysis skills, personal integrity, attention to detail and a willingness to learn systems, challenge current processes and work collaboratively with the team are critically important to success. This position will be expected to maintain the highest level of financial integrity. Adhere to accounting standards and ensure proper accounting controls. This position will play an integral part in identifying and implementing numerous control and process improvement initiatives while managing daily, weekly and monthly reporting. This position will be responsible for executing the closing process for the plant, maintaining accurate costs, complete required reporting activities, support all audit and tax requests as well as ad hoc requests from the Division Controller. This role will also be expected to collaborate and interact with all levels of the organization and take on additional responsibilities as experience is gained and success is achieved.

Function/Accountabilities:

The function of the Financial Analyst is to work collaboratively with the Accounting and Finance team and across the business to support all fiduciary requirements, maintain the proper controls of costing, inventory and all areas of the income statement and balance sheet. This role will also support the annual budgeting process, normal reporting and analysis activities each month, assist in the monthly closing process, support necessary tax and audit requests, support physical inventory preparation and execution and partner with the accounting team to execute all other necessary finance and accounting activities. This position will report to the Division Controller of Flavorseal.

Duties

· Provide daily, monthly, quarterly and annual support for the closing and reporting cycle in the business, assuming key responsibilities in the areas of inventory control, costing and standards administration integrity, balance sheet reconciliations, proper accounting for accruals and all required reporting.

· Taking direction from the Division Controller, execute the monthly closing process, ensure appropriate control policies and practices are in place across the business in the areas of inventory management, obsolescence and slow-moving policies, sales commission accruals, shop floor transaction integrity and cost/pricing standards and practices and many other areas. Follow the direction of the Division Controller to consistently assess policies, controls and processes for appropriate effectiveness.

· Own specific balance sheet accounts and the normal reconciliation requirements ensuring all accounts are properly documented and reconciled monthly and any necessary adjustments are investigated and remedied as part of the process – improving processes and controls as necessary.

· Support for external audits (accounting, sales tax, etc.) and compliance with federal, state and local tax regulations and other government agency requirements as needed.

· As needed, develop and ensure compliance with local and corporate policies and controls that will include cash receipts/disbursements (including bank reconciliation), inventory control and pricing, capital expenditure review, order entry and invoicing, shipping and receiving, payroll and information system security.

· At the direction of the Division Controller, ensure compliance with check requisition and purchasing procedures, perform capital expenditure reviews, as necessary, on significant capital purchases, ensure allocations of cost are coordinated and prepare needed business analyses for management review and approval.

· Support the refresh of annual standards for materials, labor and overhead ensuring accurate activity-based costing standard margin reporting. Create and maintain databases of costing statistics derived predominantly from production reporting and other sources to ensure the proper valuation of inventory and for related profitability analysis.

· Support the effort to budget and forecast revenues, margins, expenses, assets, liabilities, capital requirements and cashflow on a monthly, quarterly and annual basis.

· Provided cross-functional support for Accounts Receivable and Accounts Payable operations, ensuring continuity of invoicing, collections, vendor payments, and reconciliations during staff absences.

Qualifications

· Bachelor’s degree (MBA or CPA a plus) in accounting or finance

· 2+ years of various accounting/finance experience (including positions with increasing responsibility) in a public accounting and/or manufacturing environment, including direct accountability for key finance/accounting related processes and functions

· Excellent collaboration, team-oriented mindset and effective communication and interpersonal skills

· Self-motivated, curious and driven to execute and achieve targets while driving process improvement initiatives in a fast-paced organization.

· Strong bias for action, execution, and continuous improvement mindset to help the business meet or exceed its goals.

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Education:

• Bachelor's (Preferred)

Experience:

• Accounting/Finance : 2 years (Preferred)

Work Location: In person