Sr. Financial Analyst
Join Our Dynamic Team at TIG! TIG is a proud veteran-owned enterprise founded in Iowa. As leaders in value-added distribution, we provide innovative solutions nationwide. We offer diverse career opportunities, with state-of-the-art warehousing, packaging, logistics, and assembly operations. Our corporate offices are conveniently located in Marshalltown and Des Moines, Iowa. At TIG Distributing, we value our team members and offer excellent benefits, including bonuses, paid time off, holidays, and a competitive salary.
TIG practices equal opportunity employment to ensure that equal employment and advancement opportunities are made available to all employees based on individual qualifications, regardless of race, color, religion, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state, or local protected class.
TIG seeks a skilled and motivated individual to join our team as a Sr. Financial Analyst. The ideal candidate will have a strong background in finance and accounting, with a proven track record of accuracy and attention to detail. If you are seeking a dynamic role with a variety of work, this could be the perfect opportunity for you!
Job Summary
The Sr. Financial Analyst will lead day-to-day responsibility for managing and playing a key role in the development of financial forecasts, conducting thorough financial analyses, and delivering critical financial insights to support strategic initiatives and business goals. This role will support accurate planning, reporting, and analysis of operations. Participate in special projects focused on areas such as accounting, financial reporting, analysis, and forecasting as needed. You will prepare comprehensive financial reports, including variance analysis and performance metrics, to provide insights into business performance and assist in the development and enhancement of financial models to support strategic initiatives and scenario planning.
General Duties, and Responsibilities
Month-End Closing and Reporting:
- Assist in the month-end closing process by preparing journal entries related to inventory, including adjustments for variances, obsolescence, and write-offs.
- Support timely and accurate accounting of receivables and payables to support timely month-end close
- Perform monthly account reconciliations and ensure accuracy of the balance sheet.
- Prepare monthly financial reporting and supplementary information, including facility and customer profitability reports.
- Prepare and present inventory cost reports, variance analyses, and other financial data to management, providing insights and recommendations for process improvements.
Inventory – Costing, Management, and Analysis:
- Perform detailed analysis of inventory costs, including material, labor, and overhead expenses, to ensure accurate product costing and profitability assessments.
- Oversee the purchase clearing process, ensuring accurate and timely reconciliation of purchase orders, receipts, and vendor invoices to maintain accurate financial records and prevent discrepancies.
- Reconcile inventory balances with physical counts, investigating and resolving discrepancies to ensure alignment between inventory records and actual stock levels.
- Monitor and analyze inventory turnover ratios, slow-moving items, and obsolete inventory, providing recommendations for improvement and cost-saving opportunities.
Acquisition Integration, Team Collaboration and Process Improvement:
- Support acquisition integration efforts associated including, standardizing chart of accounts, reviewing existing accounting policies, reconciling financial statements and producing new financial reports, assisting with purchase accounting and opening balance sheet calculations, etc.
- Collaborate with supply chain and warehouse teams to optimize inventory levels, reduce waste, and minimize carrying costs.
- Support the annual physical inventory process, including planning, coordination, and review of results to ensure accurate inventory valuation.
- Ensure compliance with internal controls and accounting policies related to inventory management, identify areas for improvement and implement corrective actions.
Audit and Controls Support:
- Assist with annual audit requests, providing necessary documentation & explanations.
- Assist with developing and implementing internal controls for key accounting and treasury functions.
Requirements:
- At least 3 years’ accounting experience.
- Experience within the manufacturing, distribution, or logistics industry is preferred, including oversight of standard costs and variances.
- Bachelor’s degree in accounting; CPA a plus.
- Strong understanding of GAAP and financial reporting standards including how to apply them in real-time situations.
- Experience with ERP systems, particularly Sage X3 is a plus.
- Expert-level Excel user, total functionality, and robust financial modeling skills.
Competencies/Skills:
- Demonstrable analytical mindset and ability to make confident, fact-based decisions.
- Ability to work well in high-pressure situations to meet deadlines.
- Willingness to grow and adapt as the needs of the business grow.
- Detail-oriented, organized, and able to solve problems.
- Ability to work independently and team-orientated, able to work with diverse individuals within and outside the TIG/Exodus Organizations.
- Self-motivated, self-directed, and hardworking.
Physical Demands
The physical demands described here represent those that an employee must meet to perform the essential functions of this job successfully. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
While performing the duties of this job, the employee is frequently required to stand, sit, and walk. The employee is occasionally required to use hands to grasp or handle objects, reach with hands and arms, stoop, talk, and hear.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people in this position. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required from personnel. All personnel may be required to perform duties outside their normal responsibilities as needed.