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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

Entry, Junior

Grand Rapids, MI, USA

Position located at Corporate Office in Walker, MI, with working hours of 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 essential services such as automated assembly and various welding techniques, including resistance, projection, MIG, and drawn arc stud welding, to Tier 1 automotive manufacturers. These services ensure the precise and efficient production of automotive structures. 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 its core values of Safety, Ownership, and Teamwork.

Company Stage

N/A

Total Funding

$100M

Headquarters

Walker, Michigan

Founded

1981

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • The senior term loan facility from WhiteHawk Capital Partners provides financial stability and potential for further growth and expansion.
  • Employee ownership through the ESOP can lead to higher job satisfaction and retention, fostering a more dedicated workforce.
  • The company's established reputation and long-standing relationships with Tier 1 automotive manufacturers ensure a steady stream of revenue and business opportunities.

What critics are saying

  • The highly competitive nature of the automotive industry requires continuous innovation and efficiency to maintain market position.
  • Dependence on the automotive sector makes the company vulnerable to industry-specific downturns and economic fluctuations.

What makes Challenge Manufacturing unique

  • Challenge Manufacturing's Employee Stock Ownership Plan (ESOP) fosters a unique collaborative culture, aligning employee interests with the company's financial success, unlike many competitors.
  • The company's specialization in high-speed progressive stamping and high-tonnage transfer processes sets it apart in the precision-driven automotive market.
  • With a global footprint and approximately 1,500 industrial robots, Challenge Manufacturing demonstrates a significant commitment to automation and efficiency.

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