Your Career Begins at Timken
If you're ready for a challenging career that provides you with the ability to advance personally and professionally, look to Timken. Our associates make the world more productive by improving the efficiency and reliability of the machinery that keeps industry in motion.
Purpose of Position
This individual will be exposed to all major FP&A processes and functions for The Timken Company including the monthly financial forecast, annual budgeting process, and variance analysis. This position provides strategic support to senior management including preparing presentations, investment analysis, industry/peer group comparisons, new business opportunities, acquisition analysis and other financial projects. This is a key role in maintaining and improving current processes related to global annual business planning, forecasting, variance analysis and value based decision making. This role is also seen as a subject matter expert in elements of the forecast and reporting as well as specific systems. FP&A acts as the analytical engine of the business to provide insight and support for business decision making. This position reports to the Manager - Financial Planning & Analysis.
Essential Responsibilities
- Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, S&A and cash flow
- Prepare quarterly and monthly financial reporting and analysis for senior management
- Consolidate and analyze monthly financial forecasts and annual budgets
Develop financial models and analyses to support strategic initiatives
- Analyze financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes
- Support Senior Management Team and Department heads with in-depth analysis
- Prepare presentations to Senior Management Team
- Interface with finance managers around the world to ensure accurate reporting, forecasting and variance analysis
- Conduct Forecast Reviews of P&L, Balance Sheet, and Cash Flow recommending adjustments to align the forecast
- Provide other ad hoc reporting and analyses as necessary to support the organization
Technical/Functional Skills
- Strong analytical skills for variance/root cause analysis
- Strong communications and team skills
- Strong business understanding
- Strong strategic thinking
- Hyperion Planning expertise (preferred)
- SAP and Business Intelligence expertise (preferred)
- High proficiency with Microsoft Office applications
Minimum Qualifications
- Bachelor's degree in Accounting or Finance with at least 2 years' relevant experience. Experience with a global manufacturing company is preferred.
- Master's degree in Accounting/Finance preferred, but not required.
- Position level will be dependent upon years of qualified, relevant experience and education.
All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.
