Eaton Corporation Senior Financial Analyst in Beltsville, Maryland
Eaton’s Aerospace Division is currently seeking a Senior Financial Analyst to join our team. This position will be based at our Beltsville, MD facility.
Our Beltsville, MD manufacturing facility is home to 400+ passionate and creative team members. Our products power hundreds of military and commercial aircraft platforms with a focus on improved reliability, weight reduction and fuel efficiency. Components & products developed at our location are used for the Mar’s Rover, protecting the Declaration of Independence, and keeping passengers cool and safe as they travel to their favorite vacation destinations. Eaton’s comprehensive portfolio sets the industry standard for engineering excellence, customized solutions for today’s industry needs while developing new technologies for next-generation aircraft designs. If you’re looking for work that is engaging, exciting, and meaningful then join us and contribute to making what matters work.
At this level, incumbents perform highly complex accounting tasks providing specialized analyses in various accounting functions such as cost accounting, financial reporting, budgeting and forecasting. Assignments are diverse in nature and require a high level of problem-solving skill and the ability to communicate effectively across functional lines. This position has ownership of CIP and the capital request process, cost accounting and manufacturing variance analysis as well as inventory responsibility. Role will work with Accounting manager to achieve month-end deliverables and explanation and correction of variances.
Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It’s where bold, bright professionals like you can reach your full potential—and where you can help us reach ours.
In this function you will:
Maintain accurate standard and current cost system. This includes working with Engineering, Supply Management and Production teams to ensure bill of materials and routers are accurately set up and maintained. Own annual standard cost roll process as well as periodic updates as required.
Monitor, review and analyze manufacturing and budget variances. Includes the analysis of work order variance reports for proper and timely manufacturing close affecting overheads absorption. Scrap, PPV and profit margins analysis
Trouble shoots existing accounting systems to correct problems. Develops new procedures and process improvements to enhance financial control and reporting
Exerts strong controls over inventory including the preparation and /or review of balance sheet reconciliations including raw material, WIP and finished goods reconciliations plus the review and analysis of E&O with production to ensure obsolete inventory are accounted for
Assist in month end activities (including the rolling forecast) and financial analysis with special focus on manufacturing variances and standard margin
Organize and lead physical inventory
Assist in preparation of profit plan and department budgets
Maintain compliance with Eaton accounting and financial policies.
Own capital request process as well as reconciliation of CIP on general ledger. Work with project owners to ensure accurate and complete capital submissions
Participate as a member of the Beltsville finance team in driving standardized processes and procedures across the different value streams
Maintain SOX compliance and assist in audits as well as follow-up actions and control checks
When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we — as individuals and as a company — are stronger.
Required Basic) Qualifications:
Bachelor’s degree in accounting or finance from an accredited institution
Minimum two (2) years of accounting and/or finance experience
No relocation benefit is being offered for this position. Only candidates that currently reside within 50 miles of Beltsville, MD will be considered. Active Duty Military Service member candidates are exempt from the geographical area limitation.
Must be legally authorized to work in the United States without sponsorship
This position requires use of information or access to hardware which is subject to the International Traffic in Arms Regulations (ITAR). All applicants must be U.S. persons within the meaning of ITAR. ITAR defines a U.S. person as a U.S. Citizen, U.S. Permanent Resident (i.e. ‘Green Card Holder’), Political Asylee, or Refugee
4 years of accounting/financial experience
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
We make what matters work. Everywhere you look—from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day—you’ll find one thing in common. It all relies on power. That’s why Eaton is dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters. We are confident we can deliver on this promise because of the attributes that our employees embody. We’re ethical, passionate, accountable, efficient, transparent and we’re committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters.
Region: North America – US/Puerto Rico
Organization: AER FED Fluid Electrical Distribution
Job Level: Individual Contributor
Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No
Does this position offer relocation?: No
Eaton is an Equal Opportunity and Affirmative Action Employer. Eaton is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.