Financial Business Partner Job in Johnston 02919, Rhode Island Us
SCHNITZER STEEL INDUSTRIES, INC.
JOB DESCRIPTION
Job Title: Financial Business Partner
Location: Johnston, Rhode Island
General Position Summary Responsibilities:
The Financial Business Partner (FBP) reports directly to the Regional Director while maintaining a line of communication with the MRB Chief Strategic Officer, and MRB Finance. The FBP is responsible for providing support and analysis to regional and division management that leads to decision-making in all areas of the company. This support and analysis is focused evaluating strategic alternatives and new business opportunities; it also encompasses the operational and Continuous Improvement (CI) metrics that are central to the metal recycling process. This position is responsible for analyzing and presenting financial, operational and CI results to operational, regional and divisional management monthly. The incumbent develops and implements plans to improve the efficiency and effectiveness of various functions including recommending system and process improvements. The FBP challenges conventional thinking in order to obtain the most efficient solutions to issues, and uses best practices, benchmarks and metrics to improve the organization. This position participates as necessary in new financial system implementations and upgrades. The FBP can be called upon to manage regional, divisional and corporate projects and provide ongoing day-to-day finance support to operations.
This position operates within somewhat flexible parameters. The primary goal of this position is to achieve excellence in all facets of operational finances. Providing the highest quality product safely, effectively, and efficiently decreases accidents and errors and increase profits.
Essential Functions:
1) Environmental and Health Safety (HS)
a) Provides a safe environment for all employees, customers and visitors.
2) Operational Performance Best Business Practices
a) Collects, analyzes and presents financial and operational results and associated CI metrics to operational, regional and divisional management monthly.
b) Serves as a subject matter expert on the financial and operational drivers of the business; disseminates information on a routine basis to operations management.
c) Proactively prepares consultation, interpretation and education on financial and operational matters.
d) Collaborate with General Managers and Regional Directors to quantify and evaluate potential growth opportunities.
e) Performs analyses, as requested, to support varied business decisions.
f) Collects data and works on complex phases of financial studies.
g) Prepares capital commitment requests (AFE) and IRR analyses for the region, ensuring that returns meet desired thresholds.
h) Reviews progress reports on expenses and other deliverables/expectations set out in the AFE, as well as the monthly fixed asset reconciliation.
i) Works in coordination with MRB Finance and Accounting to confirm accurate Oracle coding and cost centers, AFE, invoices, etc.
j) Works in conjunction with the Operations Analyst and other CI team members in other regions to learn from shared experiences and improve the value of the program:
i. Improves accuracy and comparability of reporting across regions in order to identify gaps in performance.
ii. Documents and transfers knowledge across regions on ways to improve processes.
iii. Evolves the company’s existing set of Key Performance Indicators to be better drivers of performance.
k) Assists in driving continuous improvement initiatives within operations.
3) Inventory Quality Control
a) In coordination with MRB Finance/Accounting, performs physical inventory counts at each yard on a rotating basis, prepares monthly rollforward schedules.
b) Communicates monthly results and supports operations in their efforts to improve inventory management.
4) Budgeting Forecasting
a) Processes the regional month-end operational financial data, inventory management, regional consolidation of results, account analysis and forecast vs. actual variance analysis performed by the Associate Financial Business Partner.
b) In coordination with MRB Finance/Accounting, oversees the preparation and performs the initial review of the weekly Flash forecast, monthly regional forecast, annual planning and three-year plans.
c) Prepares and/or reviewing support for union negotiations, Board of Director presentations, and capital project analysis and follow-up, etc.
5) Equipment Maintenance
a) Provides analysis such as “make vs. buy” or “lease vs. buy” to the purchasing manager and maintenance manager in their efforts to select cost-effective manners to procure parts and machinery.
b) Reviews leases and contracts in an effort to provide lowest-cost terms and conditions.
6) Administrative Management
a) Interviews prospective management and/or production employees.
b) Works with Human Resources personnel to prepare job descriptions
7) Special Projects
a) Supports due diligence for acquisitions based in the region by assisting in the development of valuation models and providing balance sheet detailed review, income statement flux analysis, review of internal control and potential public company fit, GAAP review of accounting practices and an accounting and finance integration plan.
b) May, on occasion, support acquisition efforts outside of the immediate region.
Qualifications:
Bachelor’s degree in Finance, Accounting or Economics, with 7-10 years experience in the field. At least 4 years of financial modeling and proven skills in accounting. CPA, CMA and/or CFM desired. Oracle or other major ERP system experience preferred. Proven skills in Microsoft Excel and Word software. Working knowledge of Windows XP and MS Office Suite a plus. Additionally, this position requires the ability to work under time pressure to meet deadlines and to be able to operate with minimal day-to-day direction, be able to work from general guidelines and be able to make the majority of decisions needed to successfully carry out assigned duties and projects. This position requires possession of a valid driver’s license and the ability to drive an automobile.
Excellent analytical skills and a basic knowledge of accounting principles and financial reporting requirements are required, as are well-honed problem-solving skills. Ability to apply principles of logical thinking to define problems, collect data, establish facts and draw valid conclusions. Strong planning, organizational and project management skills. Ability to work and cooperate with others to complete various tasks with established deadlines. Strong oral and written communication skills and the ability to leverage these skills to successfully present business cases and resolve various types of negotiations.