Analyst, Financial L2

Power the Future with Us! At Hammond Power Solutions (HPS), HPS Micron Group, and Mesta Electronics, we are passionate about powering the world through innovative electrical solutions. As a global leader with more than a century of manufacturing and engineering excellence, we design and deliver industry-leading transformer, power quality, and power conversion technologies for customers worldwide. We are looking for talented individuals who share our commitment to innovation, collaboration, and continuous improvement to help drive our success into the future. We seek a Financial Analyst to join our team and contribute to our continued growth at our Sterling, IL location. Come grow with us!

The Financial Analyst reports directly to and assists the Controller/US Accounting Manager. The Financial Analyst is responsible for analyzing and interpreting financial data and recommending changes to improve systems and financial performance; supporting the preparation of consolidated annual and quarterly financial statements, assisting with preparation and posting of monthly journal entries, assisting in preparing specific internal management reports, and supporting business analysis.

Key Responsibilities include:

FINANCIAL REPORTING

• Collaborate with the Controller/US Accounting Manager in preparing the internal consolidated HPS financial results, including a detailed review ensuring completeness and accuracy per the established reporting deadlines.


• Develop an understanding of the strategic business and utilize information to support other functions or information requests.


• Lead monthly department expense review meetings with Managers to ensure accuracy and appropriate management by departments.


• Prepare and enter monthly journal entries.


• Prepare and review monthly commissions.


• Prepare, review, and analyze ad hoc information requirements as they are requested.


• Update weekly surcharges in connection with Ops review and charge customers monthly.


• Identify and implement continuous improvement opportunities through various initiatives.


• Plan and implement other department specific projects as required.


• Financial reporting development as required.

BUDGET AND FORECAST

• Complete monthly budget analysis against actual and forecasted values.


• Ensure monthly reporting incorporates the appropriate/consistent budget and forecast values.


• Assist in preparing budget details for department Managers.


• Respond to questions about budget details as required.

SUPPORT AND PROJECTS

• Provide auditors with support and analysis.


• Provide backup support to all functions within the Finance Department.


• Support annual standard cost roll


• Support and review of inventory reporting and analysis


• Investigate shipping and inventory issues as they arise


• Ensure a culture of continuous improvement in the policies, systems, processes and methods of the supported functions.


• Develop understanding of the Business Intelligence Cube and utilize information to support other functions or information requests.


• Working closely with Controller/US Accounting Manager, IT ERP project manager(s) and IT teams to develop enhancements to ERP system and troubleshooting problems.


• Identify and implement continuous improvement opportunities through Transform initiatives.


• Plan and implement other department specific projects as required.


• Financial reporting development as required.

Do you qualify? We are seeking:

• Bachelor’s Degree in Finance or field. Masters Degree or CPA designation preferred. 


• 5+ years of experience working in Finance/Accounting.


• Strong working knowledge of both IFRS and U.S. GAAP. 


• Excellent computer skills - excel, word, project. 


• Strong organizational and communication skills. 


• Ability to work under pressure and to deadlines. 


• Ability to define problems, collect data, establish facts and draw valid conclusions.


• Ability to interpret an extensive variety of technical and business information and deal with several abstract and concrete variables.

NOTE: Hammond Power Solutions encourages applications from all qualified candidates. HPS has a great record of accommodating persons with disabilities. Contact our People & Culture team if you need accommodation at any stage of the application process or want more information on our accommodation policies.

Some of the benefits of working at Hammond: 

We are Great Place to Work Certified!  Our people work hard for us—so we make sure our benefits work hard for them. Our equitable pay, benefits, and practices prioritize security, health, and well-being while sharing in our business success through variable pay programs. 

Our core benefits focus on wellness, mental health, and financial security when employees need them the most, early career or getting ready for retirement. We also support work-life balance through flexible work schedules, paid time off, and leaves of absence. Employees and their families also have access to our confidential, best-in-class Employee and Family Assistance Program (EFAP). 

We are committed to sustainable business practices and offer opportunities for our employees to support the communities where we live and work through our Hammond Giving Strategy.

Some of the benefits of working at HPS Micron Group LLC: 

• Casual dress


• Retirement 401k plan


• Medical, Dental and Vision Insurance


• Health Savings and Health Reimbursement accounts


• Life Insurance - employee, spouse and children


• Disability insurance


• Critical Illness and Accident Coverage


• Employee assistance program


• Employee stock purchase plan


• Paid time off


• Tuition reimbursement


• Competitive Salary based on education and experience can range from $65,000-$85,000

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