Financial Analyst

Job Description

Danfoss Power Solutions is currently seeking a Financial Analyst to join our team. This position is based on site at our Brooklyn, OH facility.

In this position, you are primarily responsible for providing direct support to the Plant Controller. This requires accomplishing a variety of accounting and management level tasks, including but not limited to AP/AR analysis both trade and IC, processing and managing journal entries, inventory accounting and standard costing analysis, review and analysis of actual financial information as it relates to monthly financial reviews and forecasts, fixed asset accounting, balance sheet account management, Sarbanes-Oxley compliance and the development of processes and procedures to increase the efficiency and value of the Accounting department.

Job Responsibilities

Responsibilities of this position include, but are not limited to, the following.

• Prepare journal entries accurately and timely at month-end for various accounts, with primary focus on inventory and cost accounts. Must have a good understanding of manufacturing processes and transactional accounting to calculate and determine correct entries.
• Assist in the development and preparation of forecasts, annual budgets, profit and strategic plans, as well as managing balance sheet account reconciliations, including inventory, Capital in Progress, payroll, and various accruals
• Work closely with Engineering, Production and Procurement/Supply Chain groups to develop and maintain accurate product costing through proper maintenance of standard cost and manufacturing system.
• Manage plant inventory including cycle counts and assisting in planning and execution of annual plant physical inventory - including tag control, variance review, and analysis of results
• Perform variance analysis and explain variances to budgets/forecasts and work orders, monitor performance measurements and prepare periodic reports for management
• Manage the standard cost roll, coordinate transfer pricing changes and standard cost analysis throughout the year
• Work with local supervisors and Human Resources to accurately process weekly payroll information

Background & Skills

At Danfoss, we believe that a diverse and inclusive workplace fosters creativity, innovation, and a broader perspective in decision-making. When you consider this job posting, do you feel like your profile is not a perfect match? Numerous studies have found that women and people of color are more likely to apply only when they meet all requirements listed in the job posting. Even if you do not check all the boxes, we encourage you to apply anyway. We are curious to find out how you can bring new insights to the role or to Danfoss as an organization.

Basic Qualifications:

• Bachelor's degree from an accredited institution required
• Minimum 1 year experience in finance required
• This position requires the use of information or access to technology which is subject to the International Traffic in Arms Regulations (ITAR) and/or Export Administration Regulations (EAR). All applicants must be U.S. persons within the meaning of ITAR/EAR. ITAR/EAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. 'Green Card Holder'), Political Asylee, or Refugee
• No relocation provided, candidates must reside within 50 miles of the Brooklyn, OH facility

Preferred Qualifications

• Mfg/Pro, Encore, DFT and/or Oracle experience a plus
• Prior experience in manufacturing industry preferred

Danfoss - Engineering Tomorrow

At Danfoss, we are engineering solutions that allow the world to use resources in smarter ways - driving the sustainable transformation of tomorrow. No transformation has ever been started without a group of passionate, dedicated and empowered people. We believe that innovation and great results are driven by the right mix of people with diverse backgrounds, personalities, skills, and perspectives, reflecting the world in which we do business. To make sure the mix of people works, we strive to create an inclusive work environment where people of all backgrounds are treated equally, respected, and valued for who they are. It is a strong priority within Danfoss to improve the health, working environment and safety of our employees.

Following our founder's mindset "action speaks louder than words", we set ourselves ambitious targets to protect the environment by embarking on a plan to become CO2 neutral latest by 2030.

Danfoss is an EO employer and VEVRAA Federal Contractor. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or other protected category.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.

Danfoss engineers solutions that increase machine productivity, reduce emissions, lower energy consumption, and enable electrification.

Our solutions are used in such areas as refrigeration, air conditioning, heating, power conversion, motor control, industrial machinery, automotive, marine, and off- and on-highway equipment. We also provide solutions for renewable energy, such as solar and wind power, as well as district-energy infrastructure for cities.

Our innovative engineering dates back to 1933. Danfoss is family-owned, employing more than 42.000 people, serving customers in more than 100 countries through a global footprint of 95 factories.