The Financial Analyst is expected to drive and ensure a rigorous financial controls environment in the inventory related area (Inventory, freight, logistics, planning, supply assuranc). The colleague ensures the accuracy and reporting on inventory balances, inventory costs performance (e.g. E&O reserve, cycle count differences, scrap) as well as for logistic, freight and planning costs. The role also involves preparing forward-looking analysis to help with the decision making process in the inventory related area.
How You'll make an impact:
Inventory Controlling activities:
- Ensure accuracy of the financial reported inventory numbers for the EMEA designated entities (manufacturing plants, distribution centers, LRDs), including abroad locations of the EHQ (finished goods, raw materials, semi-finished goods, WIP – tangentially)
- Ensure accuracy of the financial reported logistic, freight and planning numbers for the EMEA designated entities (manufacturing plants, distribution centers, LRDs)
- Acting like a Business Partner for finance and non-finance stakeholders
- Monitors and ensure accuracy of the inventory impact resulting from the reagent rental process;
- Continuously monitor performance in order to identify improvement potential for inventory costs (E&O reserve, scrap, cycle counts), logistic costs, (freight, warehousing, fixed costs...) and PPVs in the EMEA perimeter
- Month end activities: prepare journals, reporting and reconciliations as needed
- Ensure compliance with the SOX controls in the inventory area ; support audit request
- KPI calculation and analysis
- Partner with regional Planning, Logistic and Procurement teams
- Monitor actual performance vs plan / target
- Forward looking analysis and other ad hoc analysis to drive decision making
Budget, forecast:
- Work with the business partners and GSC FP&A team to define assumptions
- Prepare systems and supporting calculations, and reporting of the Forecast/Plan data
- Review Forecast/Plan data with EMEA Inventory Controller for the inventory related area.
- Participate in special requests and projects if needed
What You'll bring:
- Bachelor’s degree is required, prferably in Finance, Economics
- Ability to synthetize important information and understand end to end processes
- Good communication skills – able to act like a trusted Business Partner, clearly communicate with finance and non-finance colleagues about the results and implications of prepared analysis
- Excellent analytical skills – patience and determination to prepare reports and analyze data in detail, to get to the root cause of issues
- Excellent command of English
- Good understanding of financial processes and financial statements
- Min 3 years in finance, preferably in accounting or reporting
- Previous experience in a multinational environment
- Experience with ERP system, preferably SAP
Who We Are: For 70 years, Bio-Rad has focused on advancing the discovery process and transforming the fields of science and healthcare. As one of the top five life science companies, we are a global leader in developing, manufacturing, and marketing a broad range of high-quality research and clinical diagnostic products. We help people everywhere live longer, healthier lives. Recently voted a Best Place to Work, Bio-Rad offers a unique employee experience with collaborative teams that span the globe. Here, you are supported by leadership to build your career and are empowered to drive change that makes an impact you can see.
Benefits: Bio-Rad's biggest asset is its people, and the reason why our Total Rewards deliver programs that provide value, quality, and inclusivity while satisfying the diverse needs of our evolving workforce. Our robust offerings serve to enrich the overall health, wealth, and wellbeing of our employees and their families through the various stages of an employee’s work and life cycle. We’re proud to offer a variety of options, including:
- Life and accident insurance,
- Private Health Care Services – unlimited examinations, checkups in numerous specialties free of charge
- Competitive salary and cafeteria
- 100% commuting allowance for non Budapest residents
- Annual bonus
- Annual salary review
- Marriage and childbirth allowance
- School start allowance
- Loyalty award
- Employee Referral Program with remarkable referral bonus
- All You Can Move contract possibility/gym facility discount
- Hybrid working model (3 days onsite and 2 days home office. Our office is located in Budapest, Futó u. 47, 1082)
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