Manufacturing Financial Analyst Job at GemTech LLC in Olathe

Who You Are:

You are detailed, organized, and methodical. You want a fast-paced environment with plenty of room to achieve goals with independence and support. You are a self-motivated doer that enjoys varied job responsibilities and is seeking new challenges for personal and professional growth. You are prepared to be a decision-maker and a key member of the GemTech leadership team.

Position Description:

The Manufacturing Financial Analyst will play a key role in optimizing our production processes by analyzing material and labor costs, identifying areas for improvement, and preparing cost estimates for future projects. This position requires a blend of cost accounting expertise and business analysis skills to drive efficiencies and contribute to the financial success of our manufacturing operations.

Responsibilities:

• Cost Analysis: Review and analyze job orders to assess material and labor costs. Identify variances and work with production teams to address and correct discrepancies.
• Process Improvement: Collaborate with cross-functional teams to identify opportunities for improving production processes. Recommend strategies to produce products more efficiently, with a focus on reducing costs and increasing output without compromising quality.
• Cost Estimation: Prepare detailed cost estimates for new products, projects, and process changes. Utilize historical data and market trends to project future costs and profitability.
• Data Analysis & Reporting: Gather and analyze data related to production efficiency, waste, and resource utilization. Prepare reports and present findings to management, offering actionable insights to enhance decision-making.
• Ensure Data Accuracy: Maintain a high level of accuracy in all data entry and reporting tasks, reviewing information to identify and correct errors or inconsistencies.
• Financial Modeling: Develop and maintain financial models to support business decisions related to pricing, product development, and process improvements.
• Cost Control: Monitor and track manufacturing costs, working closely with the finance and production teams to ensure adherence to budgeted costs. Identify and recommend cost-saving opportunities.
• Inventory Management: Review and analyze inventory levels, turnover rates, and procurement strategies to optimize material costs and reduce excess inventory.
• Cross-Functional Collaboration: Work closely with production, engineering, procurement, and finance teams to ensure alignment on cost objectives and process improvements.
• Feedback-Driven Improvement: Provide clear, actionable feedback to team members to drive team performance improvements
• Compliance & Standards: Ensure all cost analysis and reporting activities comply with company policies, industry standards, and regulatory requirements.

Qualifications:

• Bachelor’s degree in Business, Finance, Accounting, or a related field.
• Minimum of 3-5 years of experience in a financial environment, with a focus on cost analysis, process improvement, or business analysis; specifically in a manufacturing environment is preferred.
• Strong understanding of manufacturing processes, cost accounting principles, and financial analysis.
• Proficient in data analysis tools and software, such as Excel, ERP systems, and financial modeling software.
• Excellent problem-solving skills and attention to detail.
• Strong communication and presentation skills, with the ability to convey complex data in a clear and actionable manner.
• Ability to work independently and as part of a team, with a proactive and results-driven mindset.
• Experience with Lean Manufacturing or Six Sigma methodologies is a plus.