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Sr Financial Analyst at Starkey Labs

Sr Financial Analyst

Starkey Labs Eden Prairie, MN Full-Time
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The Sr. Financial Analyst is responsible for analyzing and communicating the financial performance for assigned product lines and cost centers. The Senior Financial Analyst will identify and implement lean work-processes and key reporting measurements. The Senior Financial Analyst is responsible for the preparation and completion of annual operation, forecasts and capital budgets for assigned cost centers and product lines.

Approach and Deployment

Support and analysis of the company’s annual domestic expense and capital budgeting process  including the development and maintenance of the supporting systems and information needed to address financial reporting and budgeting.

Domestic Budgeting Process.

  • Develop and maintain budget and forecasting tools,  to capture units and revenue forecasts from the Sales staff.
  • Develop and maintain budget and forecasting tools,  to capture expense & capital projections from Department managers.
  • Communicate all corporate budgeting guidelines to managers, and identify and rationalize any variances to guidelines.
  • Analysis of budgets, and impact on the planned activities of each cost center, as well as the impact on the overall corporate financial performance.
  • Support Executive Leaders at all reviews

Analyze periodic operational cost information to pinpoint trends and issues.

  • Ensures accurate monthly financial results while providing operational analysis and variance explanations.
  • Product line margins and analysis
  • Departmental Expense Reporting and Forecasting

Interact with Business Managers to support the company’s sales and planning initiatives through financial and management information analyses, reports, and recommendations.

  • Develop standard and ad-hoc reports to support analysis and justification (ROI) of planned sales programs, pricing, product releases, marketing campaigns, and other departmental initiatives
  • Proactively work with Business Managers to develop expense budgets and forecasts along with identifying savings efficiencies and spending process improvements.
  • Develop detailed financial models and associated financial analysis to support decision-making
  • Train Business Managers on financials.

Analyze capital expenditures to highlight trends and variances to company plans.

  • Analytical reporting to facilitate review of capital expenditures each month.
  • Validate expenditures meet capital requirements, and are booked accordingly in Sub-Ledger
  • Develop tracking and reporting process to compare actual expenses to budgeted expenses.

Results – Performance Measures

  • Delivery of annual budget templates, schedules and guidance to managers. Attend and support Executive Leaders at Senior Budget Reviews, Final Budget completed by 12/15 each year.
  • Operational Cost Analysis:
  • Assist with the monthly financial close process, within 4-working days of month end.
  • Prepare related financial and managerial reporting.
  • Maintain SG&A analysis each month to identify potential expenditure variances to budget, previous year and year-to-date expense trends. Review is completed within 4-working days of month end.
  • Maintain reporting tools to evaluate viability and results of sales programs, pricing, marketing releases and departmental initiatives.
  • Review capital expenditure activity and identify variances to budget. Review needs to take place within 4-working days of month end.

Job Requirements


  • 4-year degree in Business/Finance. MBA, CPA or CMA preferred.


  • Minimum 5 years of related experience working in finance and cost accounting in a manufacturing company. Proficient with major ERP system (SAP, Oracle, JD Edwards).
  • 2 to 4 years public accounting experience preferred but not required
  • Thorough knowledge of business and planning processes required.
  • Working knowledge of cost accounting.
  • Excellent written and oral communication skills
  • Strong interpersonal skills
  • Ability to manage and prioritize multiple projects and initiatives at once.
  • Ability to develop and maintain strong working relationships across various levels and departments within the organization
  • Strong financial and systems analytical skills
  • Strong technical aptitude, Excel, PowerPoint proficient, comfortable with learning new technology.
  • Ability to make decisions and work independently
  • Communicates regularly with all departments within Starkey, and manufacturing departments in Mexico and China



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