The Financial Analyst encompasses both Finance and Operations support for the distribution, transportation, and manufacturing activities of the organization. It includes supporting the month-end close process with posting GL entries, accruing and allocating expenses, and creating accurate and timely financial reports. This role includes performing monthly reconciliations of inventory and inventory adjustment accounts. The Financial Analyst assists with costing materials, creating budgets, reviewing actual results, forecasting expenses and understanding cost savings opportunities for Manufacturing Facilities, Distribution Centers, and shipping and transportation costs. Also, to collect various forms of statistical data, complete research and evaluate costing of services to help analyze the current and possible future methods of shipping operations supporting domestic and international activities.
1. Creates and books manual journal entries into the General Ledger as a part of the monthly financial close process.
2. Creates monthly accrual reports as needed – mostly relating to shipping – and book manual journal entries in the General Ledger so expenses hit the correct period.
3. Reconciles the USPS shipping account monthly, which includes timely reviewing, and coding of all charges before sending to A/P to be processed.
4. Reconciles all supply chain balance sheet accounts monthly, which includes timely preparation and reviewing of information and processing an adjustment journal entry, and submission of final reconciliation schedule.
5. Reconciles the Inventory Adjustments monthly and reports final activities in summary to Executive Team.
6. Assists with understanding the financial reporting of the DC’s operations during monthly reviews with the Director of Logistics and the Supply Chain Controller.
7. Reviews/audits all shipping and freight invoices for discrepancies, processing errors, and overcharges. Submits claims/disputes for reimbursement through vendor’s established processes.