Inspired Flight Technologies is looking to expand its Finance team with the addition of a Financial Analyst. In this role, you will provide support for all financial aspects including reporting results, budgeting/forecasting, financial modeling, incentive compensation, and analytical and strategic support. This role will also provide support for corporate FP&A deliverables and integrate seamlessly with IFT's internal reporting and planning processes, including monthly reporting, quarterly forecast updates, annual budget, and long-range planning.
This role will report directly to the VP of Operations within the Finance department. This is a prime opportunity for a highly motivated and creative professional that thrives in a startup environment and is looking for career development and advancement.
Typical responsibilities:
Financial Analysis:
Prepare budgeting, forecasting, latest estimates, multi-year forecasting, financial reviews for actuals to budget and forecast, ad hoc analysis, incentive compensation, tactical planning support, and management reporting.
Prepare monthly variance analysis of actuals to forecast and budget, explain and investigate any major discrepancies, and understand key business drivers.
Prepare analysis to determine present and future financial performance to understand opportunities and risks to the forecast
Budgeting and Operational Forecasting:
Contribute to the budgeting process, focusing on production costs, procurement, and distribution.
Regularly update forecasts to reflect changes and operational adjustments to proactive communication to leadership.
Responsible for headcount tracking and reconciliation to support planning cycles and Human Resources
Performance Reporting:
Ensure the generation of detailed reports on production performance, cost of goods sold, and operational efficiency.
Provide insights into remaining forecasted spend based on current actuals.
Strategic Business Partnering:
Collaborate teams and cross functional stakeholders including production, supply chain, and sales departments to align financial strategies with business operations. Offer financial solutions that enhance production efficiencies and profitability.
Perform ad hoc analysis to support strategy discussions and decisions, process improvement initiatives, and other special projects as needed
Cost Management:
Lead initiatives to optimize manufacturing costs and improve profit margins.
Assess financial impacts of operational decisions and recommend cost-saving measures.
Identify cost-saving and efficiency opportunities. Implement cost control measures and monitor their effectiveness.
Investment and CapEx Analysis: Evaluate and propose financial justification for capital expenditures and investments in new manufacturing technologies, facilities, or business ventures as needed.
Reporting:
Manage accurate monthly, quarterly, and annual financial reports for senior management.
Highlight significant variances, trends, and areas of concern.
Work closely with Accounting on the month-end and quarter-end close processes, including vendor confirmations, accruals, preliminary close analysis, reconciliations, etc.
Update budget and forecast presentations
Business Partnering: Act as a finance business partner to various departments, providing financial expertise and support in decision-making processes.
Process Improvement: Develops standards for financial planning, including researching & employing best-in-class financial analysis techniques
Compensation Management: Manage incentive compensation accrual review procedures and direct quarterly payout approval process
You’ll excel in this role if you have:
Strong budgeting, forecasting, and financial analysis experience required, with previous experience working with Manufacturing organizations
Experience with financial systems (Quickbooks, E2, Netsuite) is preferred
Advanced knowledge of Excel & PowerPoint and Google Suite
Experience in the following industries: aviation, aerospace, defense sector
Willingness to work in a fast-paced and changing environment, meeting deadlines in an accurate and timely manner
Education/Experience Requirements:
Bachelor’s degree in Finance, Accounting, or related field; MBA or CPA preferred.
Minimum 5 years of experience in FP&A, ideally in manufacturing or food production.
Benefits Offered
Unlimited Paid Time Off
World Class Health, Dental, Vision Insurance Plan
401k w/ 6% company match
Equity Stock Options
Quarterly Team Bonus Plan
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee may need to sit and stand for long periods; talk, hear, and use hands and fingers to operate a computer and telephone.
Equal Opportunity Employer Inspired Flight is deeply committed to building a workplace where inclusion is not only valued, but prioritized. We pride ourselves on being an equal opportunity employer that seeks to create a welcoming and diverse environment. All applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, or expression, family status, marital status, sexual orientation, national origin, genetics, neurodiversity, age, or veteran status, or any other non-merit based or legally protected grounds.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.
