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Element Electronics

Senior Financial Analyst

Element Electronics, Edina, Minnesota, United States,


Element Electronics started in 2007 with a simple belief - every home should have access to TVs with the latest technology. After a few years, we decided we wanted to do more; in 2014, we opened our factory in Winnsboro, SC making Element the only major television company assembling TVs in the United States. Today, we continue to push ourselves and have expanded our product range of electronics and home appliances while continuing to provide customers with products with the latest technology, but at the most accessible prices.PRIMARY FUNCTIONThe Senior Financial Analyst is responsible for budgeting and forecasting, monthly variance analysis, and providing financial insights to help drive key business decisions. This role will work closely with other teams within the organization, including finance, accounting, sales, marketing, and operations to ensure accurate and timely financial reporting.ESSENTIAL FUNCTIONSBudgeting and Forecasting (40%)Develop and maintain complex financial models to support budgeting and forecasting activities.Provide guidance to business partners on budget and forecast preparation and ensure adherence to budget and forecast guidelines and timelines.Analyze financial results against budgets and forecasts and identify areas for improvement and cost-saving opportunities.Conduct regular reviews of budgets and forecasts to ensure they are aligned with business objectives and market trends.Communicate budget and forecast updates and results to senior management and provide recommendations on actions to improve financial performance.Continuously evaluate and improve the budgeting and forecasting process to increase accuracy, efficiency, and alignment with business goals and objectives.Financial Analysis and Reporting (40%)Prepare monthly, quarterly, and annual financial reports, including variance analysis and trend analysis.Monitor financial performance against budgets and forecasts and identify areas for improvement.Assist with the development and implementation of accounting policies and procedures to ensure effective internal controls.Leading and assisting project teams with financial guidance, projections, and modeling.Performing ad hoc financial analysis as needed.Accounting and Compliance (20%)Work closely with the accounting team on month-end close processes, including accruals, journal entries, and account reconciliations.Collaborate with the accounting team to ensure timely and accurate financial reporting and compliance with GAAP and other regulatory requirements.Ensuring compliance with financial guidelines, company policies, and relevant legal regulations.Support the accounting team as needed on the remittance process.SPECIALIZED KNOWLEDGEBachelor’s degree in accounting, finance, or related field.5+ years of experience in financial analysis, budgeting, and forecasting.Strong analytical and problem-solving skills, with the ability to translate complex financial data into actionable insights.Expert knowledge of Microsoft Excel and financial modeling. Knowledge of ERP systems (NetSuite preferred).Excellent communication and interpersonal skills, with the ability to present complex financial information to non-financial stakeholders.Ability to work independently, prioritize competing demands, and manage multiple projects simultaneously.Proven leadership skills to independently conduct and recommend valuable financial analysis.Ability to work as part of a team to foster a collaborative environment.Initiative to gain insights and implement process improvements and efficiencies where needed.KEY COMPETENCIESBusiness Acumen and Financial Implementation.Communication Skills.Independent Problem Analysis and Problem-Solving.Decision-making.Attention to Detail.Strategic Planning and Organization.ADDITIONAL INFORMATIONThis job description in no way states or implies that these are the only duties to be performed by the incumbent in this position. Associate(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.All duties and responsibilities are essential job functions and requirements are subject to possible modification to reasonably accommodate individuals with disabilities. To perform this job successfully, the incumbent will possess the skills, aptitudes, and abilities to perform each duty proficiently. The requirements listed in this document are the minimum levels of knowledge, skills, or experience.This is a full-time position. Days of work are Monday through Friday. Evening, weekend, and holiday work may be required as job duties demand.This position requires travel as needed throughout the United States and abroad.

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