PR20027 Financial Analyst

Employer: TMEIC
Job Location: Roanoke, Virginia
Category: Accounting/Finance
Employment Type: Full Time
Last Updated: 6/19/2020
Closing Date: 7/17/2020
TMEIC Corporation, headquartered in Roanoke, VA, designs, develops and engineers advanced automation, large AC and DC motors, photovoltaic inverters and variable frequency drive systems. TMEIC Corporation specializes in the Renewable Energy, Metals, Material Handling, Oil & Gas, Mining, Testing and other industrial markets worldwide. We drive industry.
Job Description Job #PR20027
Job TitleFinancial AnalystOffice LocationRoanoke, VA
Business/DepartmentFinanceSales Territory, if applicableN/A
General Role Description
Provide financial, tax and business analysis services to a multi-business unit, multi-entity, multi-currency driven global business
Role Accountabilities
  • Perform accurate and timely completion of the monthly and annual financial closing processes for the areas assigned
  • Perform month-end closing of the projects, purchasing, and inventory modules
  • Perform variance analysis of and account reconciliation for assigned General Ledger (GL), taking corrective action, as necessary, to adjust the GL based on the analysis
  • Validate the accuracy of project cost accounting and provide analysis on contribution margin (CM) to the assigned business units
  • Analyze sales and COS elements for projects and request appropriate adjustments from business unit (BU) personnel, if needed
  • Analyze and ensure accuracy of intercompany sales and contribution margin split among Company entities for multi-entity profitability management
  • Consolidate monthly results
  • Ensure accurate and timely closing of projects, project accruals, and unbilled accounts receivable, in coordination with appropriate personnel
  • Generate data and reports for the monthly management reporting package, as assigned
  • Perform analysis of and account reconciliation for high volume/value GL accounts
  • Perform variance analysis for major expense accounts
  • Review project accruals and request appropriate adjustments from BU personnel
  • Review warranty and concession reserves/costs as assigned and report major variances to the immediate manager
  • Monitor financial and tax policies, processes and outputs of foreign branches/subsidiaries, assess and report impact to the foreign entities to management
  • Close projects, in coordination with appropriate BU personnel
  • Assign project labor rates

General Employee Accountabilities
  • Bring full effort to bear on tasks assigned by manager
  • Give manager best advice
  • Give earliest notice when work cannot be delivered as specified
  • Cooperate and collaborate with peers and interact cross-organizationally as specified by manager
  • Exemplify Company Core Values:  Integrity, Client Focus, Team Orientation, and Personal Commitment
  • Comply with all Company policies, practices, and procedures and all regulations and laws
  • Recommend viable improvements proactively
  • Ensure effective utilization of business tools and processes

Minimum Qualifications
  • BS in Accounting or Finance or equivalent via education and/or work experience
  • 3 years’ financial analysis experience
  • 4 years’ total experience of accounting or finance professional level work
  • Proficiency in financial module of ERP system
  • Demonstrated analytical and creative problem-solving skills
  • Demonstrated continuous improvement in areas of responsibility
  • Demonstrated successful and positive personal leadership, interpersonal, organizational, administrative, and communication skills
  • Demonstrated successful working relationships with clients, suppliers, and other internal and external contacts
  • Proficiency in MS Word, Excel, Access, and Outlook
  • Availability to travel domestically less than 5%

Preferred Qualifications
  • Demonstrated continuous improvement in areas of responsibility
  • Demonstrated ability to analyze and project impact of multi-currency, multi-entity transactions on projects and GL accounts
  • Demonstrated knowledge of applicable legislation and regulatory guidelines and their impact on business processes
  • Demonstrated knowledge of financial aspects of foreign affiliates and related accounting processes
  • Experience in a business which measures results principally by project and by levels of overall support costs
  • Proficiency in financial module of Oracle ERP system
  • Demonstrated project costing experience
  • International operations experience
  • Demonstrated knowledge of foreign and US taxes with regard to business operations
  • Experience in a business with foreign ownership, preferably Japanese
  • CPA or CMA

Link to TMEIC Corporation website: order to be considered for a job opening, all applicants must complete an on-line job application, in full, for each job opening.  A resume can be attached to the on-line application, but is not considered a substitute for the information in the application.  Applications are not accepted for positions not posted.  Current job listings, along with our application, can be found on our website.  Select “Career Opportunities” on the “Careers” tab of our website. Please, no telephone calls.
EEO/AA/M/F/Vet/Disability Employer
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