Find Jobs
Find Jobs Near You – Available Work in Your Location
Skip to job details
LF
Lipari Foods
Financial Analyst- Manufacturing
Career Insights for Financial Analyst (General)
See where this job fits in the broader career landscape. Knowing your career path helps you see what's possible from here.
Scorecard
Based on Michigan data
Review key factors to help you decide if this role fits your goals. How is this calculated?
What they do
A Financial Analyst evaluates investment opportunities and makes recommendations to individuals and businesses. Analyzes the performance of different types of investments, studies business and economic trends and analyzes data to project company earnings
$87,659 / year median in Michigan
-6% projected decline
Job Description
The Financial Analyst- Manufacturing plays a key role in supporting financial operations within a manufacturing environment. This position is responsible for ensuring the accuracy of cost and inventory data, delivering insightful financial analysis, and partnering with operations and leadership to drive performance, cost control, and continuous improvement.
Monitor key plant KPIs, including labor efficiency, productivity metrics, cost performance, and inventory levels. Prepare and analyze monthly cost variance reports, including detailed actual vs. standard cost analysis in collaboration with plant management, provide actionable insights to improve operational and financial performance. Assist in the preparation of monthly manufacturing review materials for senior leadership review. Lead financial support for new product pricing and customer RFQs by collaborating with the New Product Development team to build accurate cost models and ensure alignment with margin expectations. Lead the identification and evaluation of cost savings initiatives in collaboration with plant management; track execution, validate realized savings against assumptions, and analyze key variances to ensure accountability and continuous improvement. Assist in the preparation of budgets and forecast for manufacturing plants. Support internal and external audits by ensuring accurate documentation, reconciliation, and compliance with accounting standards.
Key Responsibilities:
Working closely with the Master Data Management (MDM) team to ensure the accuracy and integrity of standard cost components (Bill of Material, Labor) Perform monthly inventory reconciliations between manufacturing and financial systems; investigate variances and support inventory adjustment journal entries. Conduct inventory analysis, including excess and obsolete (E&O) reviews, and prepare related reserve entries. Monitor cycle count programs across manufacturing plants and analyze root causes of inventory discrepancies and disposals. Support and participate in physical inventory counts and reconciliations.Monitor key plant KPIs, including labor efficiency, productivity metrics, cost performance, and inventory levels. Prepare and analyze monthly cost variance reports, including detailed actual vs. standard cost analysis in collaboration with plant management, provide actionable insights to improve operational and financial performance. Assist in the preparation of monthly manufacturing review materials for senior leadership review. Lead financial support for new product pricing and customer RFQs by collaborating with the New Product Development team to build accurate cost models and ensure alignment with margin expectations. Lead the identification and evaluation of cost savings initiatives in collaboration with plant management; track execution, validate realized savings against assumptions, and analyze key variances to ensure accountability and continuous improvement. Assist in the preparation of budgets and forecast for manufacturing plants. Support internal and external audits by ensuring accurate documentation, reconciliation, and compliance with accounting standards.