Business Finance Senior Analyst Virtual Factory

The Role: Business Finance Senior Analyst (Virtual Factory)

The Business Finance Senior Analyst will be responsible for the Virtual Factories (East Asia and India territories) and Logistics. You shall act as the single point of contact responsible for serving as the primary liaison between the manufacturing department, Logistics and the finance team. Your role will involve providing financial analysis, reporting, and support to ensure effective decision-making and financial management within the manufacturing operations. You will collaborate closely with cross-functional teams to drive financial performance, cost control, and process improvements.

Responsibilities

Financial Analysis includes but not limited to:

• Conduct financial analysis on logistics costs, transportation expenses, and related key performance indicators (KPIs). Identify areas for improvement and cost-saving opportunities.
• Prepare detailed financial reports and presentations, forecasts, and budgets to aid in decision making activities/processes.
• Conduct variance analysis to identify discrepancies between forecast versus actual financial performance.
• Collaborate with inventory control teams to ensure accurate valuation, reconciliation, and analysis of inventory levels. Provide insights on inventory optimization and assist in the resolution of inventory-related issues.
• Other reporting and analysis such as Part weights validation, direct labor productivity, Price, volume & FX sales data, purchase productivity validation, freight and other logistic data collections and their lives.

Cost analysis:

• Collaborate with production teams to identify cost drivers, analyze cost trends, and implement strategies to optimize costs and improve profitability.
• Monitor and collect manufacturing costs such as labor and inventory and identify cost saving opportunities without compromising product quality or operational efficiency.
• Work closely with the logistics team to analyze cost drivers, evaluate cost trends, and implement strategies to optimize costs and improve profitability.

Budgeting and Forecasting:

• Create and compute accurate financial forecasts based on historical data and production requirements.
• Monitoring of budgets for manufacturing projects, department, and overall operations.
• Collaborate with the plant finance team and logistics team to develop and manage manufacturing budgets, forecasts and financial plans.

Freight and Carrier Management:

• Provide financial guidance and analysis on freight rates, carrier contracts, and transportation costs. Evaluate carrier performance and support negotiations to achieve favorable terms.

Data analysis:

• Extraction of information from large datasets translating them to meaningful use to support decision making.
• Utilize advanced data analysis techniques and financial modeling to provide insight into business performance.

Process optimization and transformation:

• Identify inefficiencies in financial processes and implement improvements to enhance data accuracy and efficiency.
• Identify opportunities to streamline financial processes and enhance operational efficiency. Implement best practices and standardize financial procedures across the manufacturing department.
• Streamline financial reporting and procedures and automate repetitive tasks using available software/solution such as Power Automate, BluePrism, UiPath and the likes.

Stakeholder & Cross-Functional Collaborations:

• Present financial reports (Monthly and Quarterly Business Reviews MBR & QBR) and analysis to management explaining financial implications and concepts in an understandable manner.
• Collaborating to plant finance business partners, production, supply chain and from other department to gather relevant financial information and to align financial objectives with overall business goals.
• Provide financial guidance and support on manufacturing-related projects and initiatives.

Other adhoc activities:

• One time financial reports and analysis.
• Participation on audit and compliance activities related to manufacturing.

Qualifications

• Bachelors degree in Finance, Accounting, Business, or a related field.
• A Masters degree or relevant professional certification (e.g., CPA, CMA) may be preferred.
• Proven experience in financial analysis, budgeting, and cost control, preferably within a manufacturing or production environment.
• Strong analytical skills with the ability to interpret financial data and provide actionable insights.
• Previous experience in finance, accounting, or a related role within a manufacturing environment is required.
• Knowledge of manufacturing processes and terminology.
• Proficiency in financial modeling, forecasting, and variance analysis.
• Excellent communication and interpersonal skills to effectively collaborate with cross-functional teams.
• Proficiency in financial analysis tools such as Oracle, Hyperion Financial Management (HFM) and SAP S/4 HANA (Digital Finance Layer), Oracle, and other data visualization or automation tools.
• Advanced skills in MS Excel, Power Query and data analysis.
• Strong analytical, problem-solving, and communication skills presenting financial insights to stakeholders.
• Understanding of cost accounting principles and techniques.
• Attention to detail and the ability to work independently as well as collaboratively within a team.

Required Skills

• Financial analysis
• Budgeting and forecasting
• Cost control and reduction
• Inventory management
• Data analysis and interpretation
• Communication and collaboration
• Problem-solving and critical thinking
• Attention to detail

Preferred Skills

• Experience in a manufacturing environment
• Knowledge of financial analysis tools

Other Details:

Work Setup: Hybrid

Location: Cavite