Financial Manager, Cost Analysis

Job Description

The Financial Services Department (F$D) is looking for a motivated individual to join the Planning and Analysis (P&A) team.  As a team, Financial Planning & Analysis maintains, redefines, develops, and prepares meaningful financial reports, dashboards, and metrics for management reporting.  The group identifies and implements financial planning and reporting processes, systems, and reporting tools, all the while coordinating with the Laboratory business community and MIT campus on budgeting and forecasting issues.

Reporting to and working with the Senior Financial Manager, P&A, the Finance Manager – Cost Analysis, initially as an individual contributor, will play a hands-on role in expanding the group’s financial analysis and cost analysis capabilities.  The Finance Manager – Cost Analysis will be the point person working with the Enterprise Capabilities Board (ECB) for enterprise project lifecycle cost analysis.  The role will take the lead in auditing expenses and identifying opportunities to drive efficiencies across the enterprise resulting in recommendations prepared and presented to senior management.  To do this job well, this individual needs to be versed in data and financial analysis and have strong attention to detail.  Ultimately, the Finance Manager – Cost Analysis will be an integral part of efforts to ensure maximum efficiencies and business success and work toward expanding this capability at the Laboratory. 

Duties and Responsibilities

• Be a standing member of the Enterprise Capabilities Board (ECB) and perform enterprise project cost analysis, develop yearly operation plans, budgets, and estimate new product costs, including economic analysis.
• Gather and analyze financial data; prepare detailed reports, both periodically and ad-hoc
• Help management make important decisions based on costs and benefits (e.g. investments, market growth, inflationary impacts, pricing changes etc…)
• Conduct audits on financial processes and transactions; Monitor changes in processes or methods to calculate effects on overall costs
• Examine data to help with reducing costs in all operations and suggest cost-reducing or efficiency enhancing solutions

Requirements

• 5-10 years proven work experience as a Sr. financial analyst, preferably with a focus on cost analysis.  Some direct experience as a cost specialist or similar cost role is strongly desired.
• Must be ready for a hands-on managerial role.  Experience managing a financial analysis or cost function is strongly desired
• Experience in data, operational and financial analysis and knowledge of accounting processes and software
• Demonstrated analytical/problem solving skills and effective written and oral communication skills (including presentations)  
• Excellent customer service, verbal and written communication skills
• Ability to analyze, discuss and present financial results/reports
• Able to work independently, problem solve and drive positive change within an organization
• U.S. citizenship and the ability to obtain and maintain a government security clearance.
• Proficient in MS Office (primarily Excel (power query/pivot), Word & PowerPoint); Experience with SAP S/4, SAP BW & Power BI.  Hands-on use of OneStream or similar budgeting/planning/forecasting software strongly desired.
• Bachelor’s degree is required (Degree in Finance, Accounting or similar