Financial Analyst

Company Description

The Financial Analyst will work alongside and support the Senior Financial Analyst on the financial planning, analysis, and reporting for Red Bull North America. This involves significant interaction with the assigned North America budget owners within Finance, Information Technology, Data Science, Human Resources, Administration, Management, Facilities and Legal, as well as with finance personnel overseeing Operations, Trade, Consumer Marketing, Field and Global Finance. A key element of this role will be to build cross-departmental relationships to enhance our approach to the planning, analysis and reporting of Indirect Costs and Capital Expenditures, which includes three official planning cycles and over twelve latest estimates (profit/loss and cash flow outlooks). 

Job Description

BUSINESS PARTNERSHIPS

• Build strong relationships with budget holders based on mutual respect and trust.
• Maintain a service mentality by sharing insights, ensuring overall budget adherence, acting as a facilitator to achieve objectives, highlighting risks and opportunities, and providing financial simulations for new projects.
• Understand the business and the terms of contracts with external service providers to provide guidance and analysis.
• Provide training for employees to ensure budget owners are onboarded on Red Bull's finance structure, systems, and policies.
• Provide day-to-day support and act as the go-to resource for the business on finance matters.

PLANNING THE PROFIT AND LOSS STATEMENT AND BALANCE SHEET

• Inform and work with the business to adhere to the financial planning process and timeline.
• Communicate, support, and challenge budget owners on their forecasts to deliver a highly accurate plan.
• Design and build planning tools to aid budget owners in developing and tracking their forecasts.
• Work with various finance teams to validate accuracy and reasonableness of forecasts.
• Input the planning data into the financial planning system.

MONTH-END AND YEAR-END CLOSINGS

• Review expense postings to verify accurate P&L expense recognition and propose the correct treatment to accounting.
• Coordinate the monthly accrual process with relevant budget owners to ensure all expenses are correctly captured.

REPORTING AND ANALYSIS OF MONTHLY RESULTS

• Create, distribute, and consolidate multifunctional reports to analyze departmental results versus plan.
• Meet with RBNA budget managers to review the results against plan, to identify potential risks and opportunities and to update forecasts for the year.
• Collaborate with the finance teams to understand the dynamics and trends affecting RBNA’s financial position.
• Identify cost saving measures to engender more efficient use of company resources.
• Promote efficiency to minimize time spent for report generation and increases time for analysis, commenting and insights sharing.
• Aid the FP&A team in preparation of the management reporting package that highlights specific risks, trends, and results against major KPIs to support management in decision making.
• Ensure the accuracy and integrity of financial data, coordinating closely with the accounting team and other departments.

PROJECT IMPLEMENTATION AND DOCUMENTATION

• Support the implementation of various projects, tools and initiatives as required.
• Maintain documentation for the planning/analysis structures, systems, procedures, and best practices.

COMPLIANCE AND CONTROLS

• Assist with local and global financial initiatives to improve cost controlling while ensuring a proper balance of control, transparency, and efficiency across all functional departments.
• Ensure compliance with the Company’s controlling guidelines through developing tools and resources, communicating with the business partners and performing training.
• Ensure master data quality and verifies the consistency of the internal order hierarchies.

Qualifications

• 1-3 years of work experience in a Financial Planning and Analysis role, preferably in the consumer-packaged goods industry.
• Bachelor’s degree in Finance, Accounting or other quantitative discipline. CPA is a plus.
• Strong understanding of accounting principles, budgeting, forecasting, and variance analysis.
• Desire to learn and take on new challenges.
• Excellent communication skills with the ability to convey financial concepts to non-finance personnel.
• Highly analytical with strong problem-solving skills.
• A structured and well-organized individual.
• Must be able to manage priorities, be proactive and meet deadlines in a fast-paced team e