Financial Advisor - Cost Accounting

What Financial Planning & Analysis contributes to Cardinal Health

Financial Planning & Analysis is responsible for being objective and strategic financial partners, leading collaborative cross-functional effort to drive relevant, flexible and efficient financial planning and analysis that supports our key business decisions.

  • Understands how cost incurred in the manufacturing facility are collected, classified and recorded in the general ledger.
  • Applies judgement and recommends the most adequate cost drivers for the allocation of cost pools in preparation to set standard cost for the year understanding the impact to the P&L.
  • Understands period cost vs product cost.
  • Measures efficiency and utilization of manufacturing resources; included but not limited to, material usage variance, and price purchase variance.
  • Measures and analysis the cost of production by assessing the direct, variable and fixed cost to recommend a financial decision.
  • Applies a variance analysis to understand uses of labor and material compare to the standard and recommends possible savings.
  • Understands of Inter-Company sales vs trade sales and the impact to the value in inventory. (Profit in Inventory)
  • Performs Inventory reconciliations between general ledger and perpetual reports.
  • Understanding of Inter-Company sales vs trade sales and the impact to inventory when a markup is applied.
  • Leads and aligns financial forecasts and long range planning processes with our business leaders. Drives business value by providing financial and analytical counsel to facilitate decision-marking around strategic business initiatives.
  • Prepares monthly financial reporting including variance and financial statement analysis. Able to clearly communicate a cohesive and concise story around business drivers behind financial data and potential implications on future results.
  • Creates financial models and scenarios as a key input for business planning decisions in areas such as capital deployment, sourcing, product development, marketing strategies, and acquisitions.
  • Manages annual budget processes, incorporating business initiatives, economic trends and operational effectiveness. Aligns budget to business strategies and gains alignment from business partners.
  • Performs customer and product profitability analysis and makes investment and pricing decisions. Identifies opportunities to drive revenue growth, margin expansion and a more favorable mix (i.e., driving preferred products and services).
  • Understands market dynamics and competitors. Conducts complex analysis, synthesizes and summarizes implications to business, influencing business partners using analytics and business understanding.
  • Identifies and executes upon process improvement opportunities. Demonstrates proficiency of technical tools and financial systems.
  • Serves as an objective financial steward with an enterprise perspective, safeguarding our company's assets. Ensures strong controls are in place and the company's intellectual property is protected.

Qualifications

  • Bachelors degree in business related field, or equivalent work experience
  • 4+ years experience in related field

What is expected of you and others at this level

  • Applies comprehensive knowledge and a thorough understanding of concepts, principles, and technical capabilities to perform varied tasks and projects
  • May contribute to the development of policies and procedures
  • Works on complex projects of large scope
  • Develops technical solutions to a wide range of difficult problems. Solutions are innovative and consistent with organization objectives
  • Completes work independently receives general guidance on new projects
  • Work reviewed for purpose of meeting objectives
  • May act as a mentor to less experienced colleagues