Senior Financial Analyst

1 month ago


Eden Prairie, Minnesota, United States Danfoss Full time
Job Summary

We are seeking a highly skilled Senior Cost Analyst to join our team at Danfoss. The successful candidate will be responsible for managing cost accounting, performing month-end closing tasks, and preparing journal entries.

Key Responsibilities
  • Manage cost center accounting and allocation cycles, calculating standard cost, and complete necessary updates.
  • Perform month-end closing tasks within deadline.
  • Prepare journal entries for accruals, reconciliation, costs of sales, scrap, warranty, etc.
  • Review and analyze cost variances including production order and purchase price variance.
  • Monitor actual sales/cogs and variable/fixed expenses based on budget and forecast.
  • Prepare and interpret various daily, monthly, and yearly reports for plant leadership and management.
  • Monitor inventory flows and perform yearly physical inventory observation.
  • Support external and internal audits as well as other statutory requests.
  • Support a safe working environment to minimize employee risk to injury and drive a zero-incident safety culture.
Requirements
  • Bachelor's degree in accounting, finance, economics or related fields.
  • 3 years accounting experience.
  • 1 year cost accounting experience.
Preferred Qualifications
  • 5-7 years accounting experience, preferably covering full-cycle month end closing, in-depth financial analysis with deep understanding of BS and PL.
  • 3 years cost accounting experience, preferably in manufacturing environment.
  • Working knowledge and experience in SAP CO/FI modules.
  • CPA is a plus.
Skills and Qualities
  • Advanced working knowledge of Microsoft Office, especially Excel.
  • Exceptional accuracy and attention to detail.
  • Strong analytical skills.
  • Strong verbal and written communication skills.
  • Collaborative.


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