Full-Time

Financial Planning and Analysis Associate

Confirmed live in the last 24 hours

Challenge Manufacturing

Challenge Manufacturing

1,001-5,000 employees

Automotive parts manufacturing and assembly services

Automotive & Transportation
Industrial & Manufacturing
Social Impact

Junior, Mid

Grand Rapids, MI, USA

Position located at Corporate Office in Walker, MI, with working hours from 8:30 AM to 5 PM, Monday to Friday.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Bachelor's degree in finance, accounting, economics, or a related field
  • Advanced degree or relevant certification preferred
  • At least 1-3 years of relevant experience, with a proven track record of success and increasing responsibility
  • Strong analytical skills, with advanced proficiency in Microsoft Excel
  • Knowledge of accounting principles and financial reporting standards, with experience in a manufacturing environment
  • Excellent communication skills, both verbal and written, with the ability to explain complex financial concepts to non-financial stakeholders
  • Ability to work effectively in a fast-paced, dynamic manufacturing environment
Responsibilities
  • Conducting detailed financial analysis to support business decisions, such as assessing the profitability of products, evaluating cost reduction opportunities, and identifying areas for cost optimization.
  • Creating financial models and developing forecasts to support the budgeting process, as well as monitoring and reporting on actual performance compared to budget.
  • Preparing financial reports and presentations for senior management, board of directors, and external stakeholders.
  • Participating in strategic planning processes to help identify key business objectives and develop financial plans to support them.
  • Search out and correct inconsistent data, solve problems, and develop new methods of analysis.
  • Providing financial analysis and support to cross-functional teams, such as sales, marketing, human resources, and operations.
  • Executing ad hoc financial analysis
Challenge Manufacturing

Challenge Manufacturing

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Challenge Manufacturing specializes in high-speed progressive stamping and high-tonnage transfer processes for the automotive industry. The company provides automated assembly and various welding techniques, ensuring precise and efficient production of automotive components. It primarily serves Tier 1 automotive manufacturers, entering contracts to supply essential parts and assemblies. What sets Challenge Manufacturing apart from its competitors is its Employee Stock Ownership Plan (ESOP), which allows employees to own shares in the company, fostering a collaborative culture and aligning employee interests with the company's success. The goal of Challenge Manufacturing is to be the leading global supplier of automotive structures while delivering value to its employee-owners, guided by core values of Safety, Ownership, and Teamwork.

Company Stage

Debt Financing

Total Funding

$100M

Headquarters

Walker, Michigan

Founded

1981

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for EV components benefits high-precision assembly companies like Challenge Manufacturing.
  • Reshoring manufacturing to North America boosts demand for local suppliers like Challenge Manufacturing.
  • Industry 4.0 technologies enhance operational efficiency in Challenge Manufacturing's automated assembly lines.

What critics are saying

  • Competition from low-cost countries pressures Challenge Manufacturing's pricing and market share.
  • Rising raw material costs impact profitability for stamping and welding manufacturers.
  • Labor shortages increase operational costs and may delay production at Challenge Manufacturing.

What makes Challenge Manufacturing unique

  • Challenge Manufacturing specializes in high-speed progressive stamping and high-tonnage transfer processes.
  • The company offers a unique Employee Stock Ownership Plan (ESOP) for its employees.
  • Challenge Manufacturing has a global presence with 12 locations in North America and Asia.

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