FP&A Operations Sr. Analyst presso Industrial Electric Manufacturing, Inc. (IEM)

IEM (Industrial Electric Manufacturing, Inc.) in Jacksonville, Fl. is the largest independent full-line manufacturer of custom electrical distribution and power quality equipment in North America. IEM has delivered customer-specific solutions to meet the ever-changing power requirements of growth industries in North America for over half a century. We are looking for a highly skilled and motivated FP&A Sr. Analyst to join our FP&A team as we continue to grow.

Position Overview:
We are seeking a highly motivated and detail-oriented FP&A Sr Analyst with manufacturing industry experience to join our Financial Planning & Analysis (FP&A) team. This role will focus on modeling manufacturing operations, conducting in-depth analysis of COGS, providing detailed support for cash flow and balance sheet forecasting, and supporting planning processes specifically tailored to our manufacturing operations. The ideal candidate will have a strong understanding of manufacturing product cost structures, product profitability, and the ability to collaborate with cross-functional teams to drive strategic operations decisions.

Key Responsibilities:

1. Cost and Productivity Modeling:
   • Coordinate with Operations, Data & Analytics, and HR to develop, improve and automate accurate cost and productivity models on a monthly, quarterly, and annual basis. Support the development and maintenance of the long range plan, specifically with a focus on cost and productivity.
   • Collaborate with cross-functional teams (Operations, Engineering, Accounting, Supply Chain) to gather data and insights for cost projections, ensuring alignment with manufacturing schedules and capacity planning.
   • Perform root-cause analysis of margin variance to actuals at the product level, taking into account operations productivity, engineering complexity, rework, etc…
2. Capacity Planning:
   • Help ensure fidelity between the planning process, aligning manufacturing forecasts with business objectives, operational capacity, and market demand.
   • Harmonize and streamline various capacity planning, cost, and revenue forecasting models – with a focus on cost an productivity.
3. Balance Sheet & Cash Flow Forecasting:
   • Develop, improve and maintain tools for reconciling monthly balance sheet and cash flow forecast to actuals at a level of granularity consistent with the long range plan
   • Coordinate with Supply Chain, Data and Analytics, Operations and Sales to develop and automate inventory roll-forward models
4. Cost and Margin Analysis:
   • Analyze and report on product margins, factoring in direct and indirect manufacturing costs, such as raw materials, labor, overhead, and fixed versus variable costs.
   • Ability to analyze product mix and its impact on profitability compared to Budget and Forecast
   • Collaborate with the Operations teams to identify cost-saving opportunities and assess the impact of cost changes on overall revenue and profitability.
5. Continuous Improvement:
   • Recommend and implement best practices for integrating financial planning and forecasting with manufacturing planning systems and processes.
   • Improve usability of existing reporting on commissions and bookings
   • Stay current with industry trends, manufacturing technologies, and economic factors that may impact revenue, such as raw material price fluctuations or changes in production capacity.
6. Cross-functional Collaboration:
   • Partner with the operations, supply chain, and engineering teams to analyze manufacturing performance, plant capacity, inventory turnover and manufacturing capabilities and inventory levels.
   • Collaborate with supply chain and production teams to align revenue projections with supply chain constraints, production schedules, and inventory levels.

Qualifications:

• Education: Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field. MBA or relevant certification (CFA, CPA) is a plus.
• Experience: 5+ years of experience in financial analysis, revenue forecasting, or FP&A with a strong preference for candidates with a background in manufacturing or production environments.
• Skills:
  • Strong proficiency in financial modeling, Excel, and data analysis tools (e.g., Tableau, Power BI, or similar).
  • Experience with ERP systems, manufacturing planning tools, and forecasting software (e.g., Infor, Oracle, Adaptive Insights, Hyperion, or similar).
  • Solid understanding of manufacturing cost structures (direct/indirect costs, fixed/variable costs) and inventory management. Familiarity with accounting concepts is a plus.
  • Experience analyzing product profitability, including product-level margin analysis, cost of goods sold (COGS), and factory overhead.
  • Experience with three-statement and cash flow modeling
  • Excellent communication and presentation skills, with the ability to translate complex financial concepts into actionable recommendations for non-financial stakeholders.
• Traits:
  • Self-motivated and able to work independently with minimal supervision while effectively managing tasks and deadlines.
  • Detail-oriented and highly organized with the ability to manage multiple priorities in a fast-paced manufacturing environment.
  • Proactive, solution-driven, and able to work effectively under tight deadlines.
  • Demonstrates intellectual curiosity and a willingness to ask questions to deepen understanding and drive continuous improvement.
  • Strong team player with the ability to collaborate across functions and align diverse teams around common financial goals.
•  This role is not currently open to applicants who reside in or plan to work from the state of California.

What We Offer:

• Competitive salary and benefits package.
• Opportunities for professional growth and development in a fast-paced manufacturing environment.
• A collaborative and dynamic work environment with exposure to key business decisions.