Position Purpose:

Essential Functions:

1.      Develop financial models and provide financial analysis to support the trends of the business unit.       

·         Create and maintain reporting methods to track and monitor key financial metrics.

·         Alert management of significant variances, the cause, and suggested corrective measures.

·         Perform analysis as needed to understand business performance.

2.      Perform consolidation and analysis for developing monthly reporting of all key financial metrics for the business unit.

·         Record journal entries.  Analyze variances, monthly operating results, and key operating measures to ensure accurate reporting.

·         Ensure proper department and general ledger accounts are charged.  Address data integrity issues in QAD, FAS, OneStream and other financial systems

·         Manage fixed assets, including CER review and approval. 

3.      Lead the business unit in identifying, defining, and documenting cost drivers and cost functions.

·         Provide assistance and guidance to functional area managers and senior manager to create understanding of costs and cost studies.    

·         Monitor annual cost reduction initiatives and assure system reflects changes.  Report out monthly.

·         Review the monthly cost detail on large programs to ensure the integrity of program costs and to identify any unusual trends or exceptions.

4.       Assist in the development of the five-year strategic annual operating plans and monthly forecast process from the initial requirements to final presentation and approval.

·         Conduct market research and analysis in support of business planning activities including mix by customer and product family

·         Lead the preparation of budget, plan and forecast including income statement, balance sheet and capital spend.

·         Lead the regular review of performance to prior year, budget, plan and forecast.

·         Report out financial performance to metrics monthly to Corporate finance.

·         Responsible for self-audit and acting as the local representative for external audits.

5.       Support new product development and capital planning activities.

·         Develop costed BOMs for new product initiatives.

·         Complete make vs. buy analysis for both new product programs and cost reduction opportunities.

·         Lead the cost research for all capital projects including ROI analysis and develop financial documentation to support capital requests. 

·         Track and manage capital spend and depreciation for all CBU projects.

6.       Responsible for budgeting and reporting expenses for the Wheel-End and Brake business unit and Administration entities within the Brake and Wheel-End Group

·         Perform consolidation and analysis for developing monthly reporting of financial metrics for the WEBR and Administration entities.

·         Record journal entries. Analyze variances, monthly operating results, and key operating measures to ensure accurate reporting.

·         Ensure proper department and general ledger accounts are charged and reconcile discrepancies. Address data integrity issues.

·         Assist with capital spend planning and manage fixed assets. 

·         Support new product development activities for the WEBR business unit.