Financial Analyst at Nortech Systems Inc in Maple Grove, Minnesota

Posted in General Business 13 days ago.

Type: Full-Time





Job Description:

Great People Making Lifesaving Products


We are currently seeking a Financial Analyst to join our highly skilled, dynamic team.


Nortech Systems is a global leader in digital connectivity and data management engineering and manufacturing for medical device, aerospace, defense and industrial markets. We are a low-volume, high-mix global manufacturer with centers of excellence in United States, Mexico and China. Our expertise is in complex cable, PCBA and integrated higher level assemblies.


Nortech Systems is a global market leader in digital connectivity, data management, engineering and manufacturing. Our team is focused on delivering lifesaving products from medical devices which detect and treat cancer to mission-critical components for the U.S. military.  Nortech’s customers include some of the biggest names in industry, medical devices and aerospace and defense. We’re very proud of our team’s role in making products that make a difference.


Are you seeking a chance to engage directly with senior executives and shape business strategies? Do you enjoy crafting insightful reports using key performance indicators (KPIs)? Are you experienced in public accounting and eager to step into a position that directly impacts financial outcomes? If you resonate with any of these, we invite you to explore our Financial Analyst opportunity!


The Financial Analyst will perform Financial Planning and Analysis activities of the organization and assist with the preparation of internal/ external financial reports, monthly financial analysis of operations and ad hoc analysis by performing the following duties.


Responsibilities:



  • Prepares monthly, quarterly and annual planning and forecasting and prepares necessary supporting documentation and justification.

  • Drives key insights and analytics by evaluating current and past trends in key performance indicators including all areas of revenue, cost of sales, expenses and capital expenditures.

  • Executes value-added analysis and provide decision support for projects and initiatives, capital expenditures and acquisitions.

  • Support and direct continuous improvement.

  • Develops financial models and analyses to support strategic initiatives.

  • Prepares reports which summarize and forecast Company business activity and financial position in areas of income, expenses, and earnings based on past, present, and expected operations.

  • Provides financial consulting and strategic support to senior management.

  • Work with Corporate Accounting to optimize Monthly, Quarterly and Annual financial reports.

  • Works with business development, operations and other key stakeholders to generate requested reporting output.

  • Directs and analyzes studies of general economic, business, and financial conditions and their impact on the organization's policies and operations.

  • Analyzes operational issues impacting functional groups and the whole institution and determines their financial impact.

  • Evaluates and recommends business partnering opportunities.

  • Establishes and maintains contacts with stockholders, financial institutions, and the investment community.

  • May perform other duties and responsibilities as assigned.


Requirements:



  • Bachelor’s degree or equivalent in finance or related degree; or three to five years related experience and/or training; or equivalent combination of education and experience

  • Advanced Microsoft Office skills, or equivalent.


What Nortech Offers:



  • Competitive compensation

  • Outstanding benefits package including medical, dental and vision insurance for employee & family, including a 100% company-paid base medical plan for employees; 401k with company match; tuition reimbursement and PTO

  • Hybrid work environment

  • A diverse and inclusive workplace fostering responsible social engagement

  • Training and opportunity for advancement


Nortech is an Equal Opportunity Employer and Substance Free Workplace


Certain positions at Nortech require access to information, or technology that is subject to the International Traffic in Arms Regulations (ITAR) and other US government security regulations. These laws do not permit access rights to non-US citizens, or to other unauthorized individuals. Therefore, presently, all applicants must be US Citizens, or US Permanent Residents (“green card holders”), and/or otherwise comply with ITAR requirements for access rights, to be considered for a position.


 

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

Finance





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