Financial Planning & Analysis Manager

Financial Planning and Analysis Manager at KI Industries Inc. – Berkeley, IL

About KI Industries Inc.

KI Industries, founded in 1964, specializes in the design and manufacture of decorative plastic and die cast components for the automotive and appliance industry. Our attention to aesthetics and technical expertise creates components that our customers know will provide their end consumers with a high-quality interface experience. Those elements, in combination with our outstanding customer service and passion for delivering high quality product, make KI a trusted leader in the decorative parts industry. KI Industries is headquartered in Berkeley, Illinois, USA; we also have a regional office and production facilities in Asia and two manufacturing facilities in Querétaro, Mexico. Our wide global footprint provides extensive opportunity for growth and expansion. Across all our locations KI strives to find talented individuals who are highly motivated to work in a fast paced yet rewarding work environment. We seek creative, hard-working, and innovative personnel who will believe in the KI brand and the service & products we provide. For further information, please visit our website at www.kiindustries.com.

About the Job

We are seeking a dynamic and strategic FP&A Manager with a strong Operations mindset to join our financial team. The ideal candidate will monitor and analyze budgets and perform planning, forecasting, analysis, and reporting while collaborating closely with cross-functional teams to optimize operational efficiency. The FP&A Manager will review past and current financial performance against budgeted estimates and develop models that assist management in understanding the financial impact of business decisions.  They will recommend strategies meant to assist the organization in meeting its long-term financial objectives.  This person will report to the CFO and is responsible for systems that feed into or influence KI’s financial results. This role requires a blend of financial acumen, analytical skills, and a keen understanding of operational processes.

Responsibilities:

• Align financial goals with overall business objectives and drive initiatives to optimize financial performance.
• Collaborate with other department heads to understand their financial needs. Provide financial insights, scenario analysis, and support for special projects and initiatives.
• Develop and maintain complex financial models for scenario analysis, investment evaluations, and strategic decision-making.
• Drive processes related to price increases via pricing agility model and processes.
• Collaborate with the IT team to support IQMS upgrades, developments in BI tools, and ongoing system improvements.
• Lead the development and execution of the annual budgeting process.
• Use and strengthen cost accounting tools, including cost variance analysis, to gain insights on deviations from standard costs.
• Manage and mentor a team, including a Financial Analyst and Order Management Specialist. Provide guidance, set performance goals, and foster professional growth within the team.
• Support the EDI Analyst in researching and resolving EDI-related order/data issues.
• Work closely with operations teams to understand and analyze key drivers of operational performance.
• Collaborate with various departments to identify opportunities for cost optimization and process improvements.
• Establish and monitor key performance indicators (KPIs) to measure and track financial and operational performance.
• Collaborate with the sales team in managing all customers LTAs, pricing agreements, and tooling amortization agreements.
• Improve and maintain quarterly commission payments process.
• Effectively communicate financial information to non-financial stakeholders. Present complex data and insights in a clear and concise manner.
• Participate in internal & external audits in support of the contract review process.
• Drive process enhancements in FP&A procedures, reporting methodologies, and data analysis. Implement best practices to improve efficiency and accuracy.

Supervisory Responsibilities:

• Order Management Specialist
• Financial Analyst
• Dotted line – EDI Analyst

Qualifications / Competencies:

• Minimum 7 years of experience in financial planning and analysis, with a track record of progressive responsibility. Previous managerial experience is a plus.
• Proven experience in collaborating with cross-functional teams and driving process improvements.
• Strong analytical and problem-solving skills, with attention to detail.
• Advanced proficiency in Microsoft Excel, PowerPoint, and other financial modeling and data analysis tools.
• Excellent written communication and presentation skills.
• Strategic mindset with the ability to align financial goals with broader business objectives.
• Adaptability to thrive in a fast-paced and dynamic business environment.
• Ability to foster teamwork.
• Management skills.
• Ability to identify and seek needed information/research skills.
• Analytical thinking skills.

Education:

• Bachelor’s degree in business related field.
• MBA preferred.