Cost & Financial Analyst

Bosch - Burnsville, MN

Full-time - Mid Level

Burnsville, MN

Fabricated Metal Product Manufacturing

About the position

The Cost/Financial Analyst will play a crucial role in the Communications Systems Division of Bosch Security Systems, located in Burnsville, Minnesota. This position is primarily responsible for reviewing the Profit and Loss (P&L) statements with a strong emphasis on Selling, General and Administrative (SG&A) expenses. The analyst will support the controlling function by preparing management presentations and performance reports, while also driving cost measures across the business. The role requires a systematic and metrics-driven approach to ensure the achievement of financial results, making the analyst an integral part of the business operations. In the financial analysis aspect, the analyst will review monthly financial results, evaluate financial statements, and conduct thorough analyses of cost positions to determine if the business is on track to meet its targets. This includes translating and articulating business results to leadership, preparing structured analyses, and participating in financial forecasting and planning processes. The analyst will also engage in the annual business planning process and collaborate with auditors and accounting teams to finalize year-end results. Continuous monitoring of operating results against the Annual Business Plan is essential, along with identifying and managing risk issues. The business partnering component of the role involves collaborating with various business partners to provide insights into financial performance and support cost measure ideation. The analyst will lead review meetings, guide decision-making processes, and ensure that corrective actions are implemented effectively. Additionally, the analyst will engage with the cost accounting team to assess system efficiencies and support the implementation of automation projects and data analytics to optimize business processes.

Responsibilities

• Review financial monthly results by evaluating financial statements and reviewing P&L's.
• Conduct analysis of all cost positions and determine if the business is set to meet expected targets/goals.
• Translate and articulate business results with leaders and provide detailed summaries that support business gaps and/or outcomes.
• Conduct deep dives to identify gaps in financial KPI's & business results.
• Prepare a structured and formalized analysis & translate into meaningful reports and/or presentations.
• Participate in financial analysis and future financial analysis and forecasting, assessing the business's financial path and alignment to goals.
• Contribute to a variety of projects, including conducting forecasting and updating forecasts on a quarterly basis, and partnering with cross-functional international teams.
• Engage in the annual business planning process, financial closing activities at year-end, and collaborate with auditors and accounting teams to finalize year-end results.
• Monitor operating results and spend against the Annual Business Plan.
• Identify, report, and manage risk issues, ensuring that appropriate actions are taken.
• Collaborate with business partners across various segments of the business and provide meaningful insights regarding financial performance.
• Identify and coordinate cost measures with each functional group and steer the achievement of results.
• Lead review meetings with Business Partners, articulate results by business segment, and define action items to address deviations.
• Guide business partners in financial implications in decision-making processes and assist in forming decisions.
• Follow-up on open items regularly to ensure corrective action from a financial perspective is implemented and executed.
• Participate in critical meetings and contribute to decision-making processes regarding general business decisions.
• Engage with the cost accounting team to assess the system landscape and determine efficiencies in system fields.
• Identify and support the implementation of automation projects and data analytics with BI tools in the finance area.

Requirements

• Bachelor's degree (B.S.) in Finance, Business Management, or equivalent field required.
• Master's degree or CPA equivalent preferred.
• Minimum of 2-5 years of related experience in financial analyst role, SG&A focus preferred.
• Experience in SAP FI/CO modules is strongly preferred.
• Expert level in MS Excel required.
• Working knowledge of Power BI and automation tools is a plus.
• Knowledgeable in Accounting is a plus.
• Willingness to take initiative with strong analysis and organizational skills.
• Excellent communication skills, both orally and verbally.
• Purposeful and have a structured approach to work.

Nice-to-haves

• Experience in financial analysis within a manufacturing or technology environment.
• Familiarity with budgeting and forecasting processes.
• Ability to work collaboratively in a team environment.

Benefits

• Competitive salary and performance-based bonuses.
• Health, dental, and vision insurance.
• 401(k) retirement plan with company matching contributions.
• Paid time off and holidays.
• Professional development opportunities.
• Flexible work arrangements.