Finance Analyst

Company: Siemens Industry, Inc.

Location: 7000 Siemens Road, Wendell, NC 27591

Position Title: Finance Analyst

Hours: Monday – Friday, 8:00 am to 5:00 pm, 40 Hours/ Week

Summary of Duties: Ensure implementation of accounting policies, guidelines and standards, and adapts related procedures and processes. Ensure that all accounting operations are compliant with Siemens’ standards and local law. Ensure preparation and consolidation of financial statements, for all assigned organization units. Ensure regular closings and provides financial reporting for all stakeholders. Identify process improvement potentials in accounting processes and proposes remedial measures or projects. Ensure internal controls are in place, and accounting complies with all external regulations. Plan, prepare and consolidate balance sheet and P&L statements and reports, according to relevant accounting standards (IFRS, GAAP, local standards, etc.). Prepares reports for unit or "Finance & Controlling" management. Complete regular -monthly, quarterly, and yearly - closings and reports, for all stakeholders. Analyze and attribute variable and fixed cost portion to the respective cost accounts. Ensure the accuracy of product cost criteria (i.e. material, labor, factory overhead, etc). Support management in planning and calculating yearly budgets, for the organization unit assigned (i.e. Sales-, Production, P&O-, Procurement-, Logistics, R&D, IT). Consolidate budgets, including top down and bottom-up plans, and proceeds with revolving plannings, and periodic forecasts during the year. Perform comparisons Actual vs. Plan and pursues effects of agreed measures. Analyze and evaluate cost structures, and builds, maintain and improve the depended cost accounting system. Provide regular business reports, with respect to overall performance, and recommends actions to accountable management. Carry out ad-hoc analyses and profitability calculations and contributes to conceptual and project work related to controlling. Ensure implementation of Controlling policies, guidelines and standards, and adapts related procedures and processes. Coordinate budget planning processes, prepares and consolidates budget planning and derives respective forecasts. Ensure preparation and consolidation of financial statements and financial performance reporting for business accountable management. Ensure analyses, preparation and review of critical investments and expenditures, closings, and provides reporting for all stakeholders. Analyze regularly relevant Key Performance indicators, and provide reports, comments and recommendation. Collaborate with financial experts, business experts and other subject matter experts to understand data analytics requirements and identify data analytics-driven opportunities. Identify and explore relevant data sources (including data sources such as SAP FI/CO, ESPRIT) and determine sustainable processes to support fast growing data volumes and to ensure high data quality. Develop analytical models best suited to the given scenarios using state-of-the-art data mining methods. Complete financial planning and reporting activities. Perform financial analysis regarding trends, financial structure, asset, cash and liabilities, etc.

Qualifications: The position requires an Bachelor’s degree or foreign equivalent in Finance, Accounting, Economics, Business Administration, or a related field and four (4) years of experience in the job offered or an acceptable alternate occupation. Position requires experience with the following: Financial Modeling, Budgeting & Forecasting; Variance Analysis ; Cost-Benefit Analysis; KPI Design & Monitoring; Dashboarding & Visualization; Advanced Excel (pivottables, Power Query, VBA) and/or SQL; ERP System Knowledge (e.g., SAP S/4HANA); Process Automation (RPA, Power Automate); Storytelling with Data; Change Management; Cross-Functional Collaboration.