Financial Analyst

Eaton Corporation Eden Prairie , MN 55344

Posted 2 months ago

Eaton's Hydraulic Sector is currently seeking a Financial Analyst to join our team. This position is based at our Eden Prairie, MN location.

Position Overview:

The Lead Financial Analyst will perform financial analysis, forecasting, budgeting, accounting, special project analysis and creation of financial reports to provide Plant and Division Management with reliable information to make decisions impacting the financial performance of the corporation. Provide accurate and timely cost accounting data to facilitate management decision making, and maintain standard cost systems for the plant.

Making what matters work at Eaton takes the passion of every employee around the world. We create an environment where creativity, invention and discovery become reality, each and every day. It's where bold, bright professionals like you can reach your full potential-and where you can help us reach ours.

In this function you will:

  • Prepare journal entries for costs of sales, scrap, and other inventory transactions. Reconcile balance sheet accounts associated with inventory and prepare adjusting entries as needed.

  • Perform cost aspects of monthly and yearly closing.

  • Maintain standard costs system, including updating material costs and reviewing product structures and routings to ensure accuracy. Review and report variances from standard costs.

  • Maintain interplant selling prices and monitor interplant purchases for discrepancies.

  • Prepare and interpret various daily, monthly, quarterly, and yearly reports for Plant Management, Divisional, Corporate and Government purposes.

  • Monitor and confirm inventory transactions, such as inventory on consignment at vendors, sales transfer to Divisional HQ, etc.: perform journal entries and prepare reports to reflect such transactions

  • Maintain records on cost increases and cost savings on purchased materials.

  • Monitor performance against and coordinate forecasting of cost savings budgets.

  • Coordinates scrap processing and report results.

  • Assist in completion of yearly physical inventory; perform functions of planning and preparation, as well as costing and reconciling results between general ledger and perpetual records.

  • Actively participate on min-plant team, value stream teams and business process improvement teams to drive continuous improvement culture.

  • Model the Eaton ethical conduct policy, the Eaton Values and Philosophy, and comply with all other corporate, plant, and regulatory policies and regulations as applicable.

When we embrace the different ideas, perspectives and backgrounds that make each of us unique, we - as individuals and as a company - are stronger.

Eaton has announced it has reached an agreement to sell its Hydraulics Business to Danfoss A/S. This transaction is expected to be completed by the end of 2020 and this position is expected to remain with the Hydraulics Business and would transfer to Danfoss A/S. upon close. The compensation and benefits that will initially be offered for this position are based on Eaton's plans, programs and practices. If you are offered and accept this position and are actively employed by the Hydraulics Business when the transaction closes, Danfoss A/S will provide further details to employees concerning compensation and benefits at that time.


Required (Basic) Qualifications:

  • Bachelor's degree in Accounting and/or Finance from an accredited institution

  • Minimum two (2) years of accounting and/or finance experience

  • Must be able to work in the United States without corporate sponsorship now and within the future.

  • No relocation benefit is being offered for this position. Only candidates within a 50-mile radius of Eden Prairie, MN will be considered. Active Duty Military Service member candidates are exempt from the geographical area limitation.

Preferred qualifications:

  • MBA, CMA, or CPA

  • Experience using Oracle Financials and Manufacturing

Position Criteria:

  • Prior experience in performing both financial and cost aspects of monthly and yearly closing

  • Prior experience in preparing financial statements and analysis of operating results

  • Prior experience monitoring performance against and coordinate forecasting of financial performance

  • Proficient in Microsoft applications, specifically PowerPoint and Excel

  • Able to work well with people across multiple functions

  • Ability to communicate with senior level managers

  • Ability to handle multiple priorities against multiple deadlines

We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.


We make what matters work. Everywhere you look-from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day-you'll find one thing in common. It all relies on power. That's why Eaton is dedicated to improving people's lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters. We are confident we can deliver on this promise because of the attributes that our employees embody. We're ethical, passionate, accountable, efficient, transparent and we're committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters.

Job: Finance/Accounting

Region: North America - US/Puerto Rico

Organization: HYD PMC Power Motion Control

Job Level: Individual Contributor

Schedule: Full-time

Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: Yes

Does this position offer relocation?: No

Travel: Yes, 10 % of the Time

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Financial Analyst

Eaton Corporation