Sr Business Finance Analyst II
Location: Toledo, Ohio – United States
Purpose of Role:
The Roofing Components Finance Analyst provides financial support covering all the facets of the business he/she is responsible for, including, but not limited to, Financial Planning & Analysis (“FP&A”) and Commercial Finance. This analyst gathers, analyzes, prepares and summarizes recommendations for strategic and operating plans as well as near term financial forecasts. This individual will be responsible to report the financials of the business including the income statement, balance sheet, and cash flow statement and deliver those in a timely and accurate manner. He/She partners with Commercial leaders to provide financial analytics that drive business results in support of the short-term and long-term value of the assets, liabilities and investments of the Roofing Components Business. The position provides functional leadership and recommendation for several aspects of Finance including objective business insights, pricing, systems implementation, cost control, external financial perspective, key contract reviews, asset management, timely financial analysis and effective control infrastructure. He/She will develop and continuously raise the bar for all Finance individuals in this segment. The position is an important part of the financial talent pipeline and serves as a feeder for commercial, manufacturing finance, and corporate roles (i.e. sales manager, plant controller, corporate financial analyst, etc.)
Reports to: This position reports to the Components Commercial Financial Leader
Span of Control: No direct reports, but informal leadership and influence needed
- Influence the performance of the business segment
- Provide effective and timely financial information, thoughtful business insights/analytics and business performance evaluations to ensure the General Managers are effective in creating and executing the business segment’s strategy and operating plan.
- Tell the near and long-term story of the business to various audiences
- Create Price-Volume-Mix (PVM) reporting by region and top customers and provide insight into drivers of results; PVM reporting to be utilized in the review of results and identifying risks and opportunities.
- Help manage continuous improvement opportunities in support of more profitable, faster, and more accurate business decisions.
- Gather, compile, analyze, prepare and summarize data for complex financial projects/subjects such as planning, formulating and conducting business case development and analysis for new product development and launch in support of short and long-range business segment goals.
- Evaluate financial implications of specific business decisions/opportunities and advise management accordingly to ensure targeted financial performance achievement.
- Exercise judgment to determine appropriate course of action and prepare business recommendations based on sound financial analysis.
- Participate in the development of strategic and operational objectives for the segment that are aligned to Corporate and Group strategic objectives
- Reporting and Analysis
- Design, maintain, deliver, and own a financial forecast analysis model for P&L, Balance Sheet and Cash Flow that provides an accurate forecast of the business
- Monitor the business’ monthly closing process in conjunction with R&A and Corporate back office teams such as accounting, treasury, tax, legal…
- Demonstrate with insight, analysis, and working with others an extremely strong financial acumen founded on solid fundamentals as well as a business acumen that reflects an understanding of the dynamics of the business
- Provides in-depth analysis on variances to plan, forecast, and prior year
- Drives group price and revenue forecasting process through collaboration across the business
- Understand the business SG&A base and ensure plans and forecasts are met
- Monitors reserve adequacy and ensures appropriate accruals are made to ensure accurate reporting of the Business’ financial statements
- Ensures leveraging the Owens Corning Consolidations system (“BPC”) and the Business Information System (“BI”)
- Leads the management reporting process and produces the monthly finance reports including in-depth analysis on variances reconciling actual results compared to plan and forecast.
- Provides risk analysis for contingency planning for the Business
- Continuously challenge the business, using benchmark approach in order to constantly drive the business towards performance improvements
- Lead across the Company, business group, and Finance function
- Live the Safety stand, adhering to safety responsibilities.
- Team with others across the Company, business group and Finance function to maximize performance of Owens Corning and lead change.
- Influence Business Segment leaders and elevate the performance of the Finance function.
- Lead the continuous improvement of systems, tools, and methodologies across the Finance function and throughout the segment.
- Act as a resource to the non-financial leaders of the business by teaching financial acumen and business information concepts to ensure financial based decision making occurs throughout the corporation.
- Work across organization boundaries and all levels of the company to achieve plant, division or corporate objectives
- Share business and financial best practices across the Components, R&A and Owens Corning.
- Lead an effective financial controls environment
- Support process of ensuring that there is an effective and efficient system of internal controls including; data integrity, asset protection, segregation of duties, budgeting, financial reporting, information systems and adherence to corporate policies and governmental regulations (GAAP, SOX compliance, etc.)
- Maintain a clear tone regarding business conduct, ethics, the law and financial controls.
- Solve controls issues at the “root cause” and create broad organizational learning.
- Maintain independence in the view and assessment of the business control environment.
- Raise all issues of significant risk and non-compliance to the Financial Leader for the business group.
- Bachelor’s Degree in Finance, Accounting or related business degree required
- Success in a market-facing role with direct customer interaction
- Experience functioning in a highly-matrixed structure across functional, business, geographic and cultural boundaries
- Demonstrated ability to identify, develop and implement process improvements
- At least 5 years relevant experience
- Progressive Financial Analysis experience in a manufacturing/corporate environment
- Demonstrated process focused and organized work style
- Developing business cases and enrolling leaders at all levels in taking appropriate action
- Experience with SAP, Business Information, and high level of Excel expertise required
- Demonstrated rate of growth and success in prior roles
- Experience with financial planning and forecasting
Knowledge, Skills and Abilities:
- Strong financial and analytical acumen
- Corporate finance, understands P&L and balance sheet dynamics
- Strong Microsoft Office Suite (Excel and PowerPoint) skills
- Develops and uses knowledge of customers, competition, and the market to drive business decisions
- Distills multiple points of view and inputs to develop near and long-term actions
- Effective listening skills, with flexibility in approach to solutions.
- Form and then share candid and sometimes unpopular messages successfully
- Must be a self-starter, be an active participant on teams, and proactively meet with internal or external customers to meet their needs
- Must be able to manage many projects simultaneously and prioritize workload appropriately
- Must be able to respond easily and quickly to shifting business priorities
- Highly motivated and results driven with a high energy level, has a bias for proactive action
- Ability to adapt quickly to new systems and a changing business environment
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning posted 2015 sales of $5.4 billion and employs about 16,000 people in 25 countries. It has been a Fortune 500® company for 62 consecutive years. For more information, please visit www.owenscorning.com.
A career at Owens Corning offers the ability to enhance your expertise and achieve your personal and professional aspirations. Through it all, we’ll empower you with an environment that encourages open communication and big ideas, competitive pay for your performance, comprehensive benefits, and more opportunities to make your impact.
Must be eligible to work in the U.S. on a permanent basis.
Owens Corning is an Equal Opportunity, Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status or status as an individual with a disability.
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