Principal Financial Analyst

The Timken Company (NYSE: TKR) engineers, manufactures and markets bearings, gear drives, belts, chain, couplings, and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world.

This individual is exposed to all major FP&A processes and functions for Timken Bearings and Power Transmission Segment (B&PT), approximately $3B in sales, including the segment’s financial monthly forecast, annual budgeting process, variance analysis, and value based decision making. S/he provides decision support and strategic support to senior management including preparing board presentations, financial presentations, Investment analysis industry/peer group comparisons, new business opportunities, acquisition analysis and other projects requested by senior management. This is a key role in maintaining and improving current processes related to Global annual business planning, forecasting, variance analysis and value based decision making. FP&A acts as the analytical engine of the business to provide insights and support business decision making.

• Analyze current and past trends in key performance indicators including all areas of revenue, cost of sales, and S&A.
• Participate in developing solutions for improved Hyperion forecast modeling in Timken13 and SGA10.
• Quarterly and monthly financial reporting.
• Develop financial models and analyses to support strategic initiatives.
• Analyze complex financial information and reports to provide accurate and timely financial recommendations to management for decision making purposes.
• Supporting senior management team and department heads with in-depth analysis.
• Prepare presentations to senior management team,
• Interface with finance managers around the world to ensure accurate B&PT reporting, forecasting and variance analysis.
• Conduct Forecast Reviews of P&L and Balance Sheet recommending adjustments to align the forecast.
• Other ad hoc reporting and analysis as necessary to support the B&PT organization.

Technical/Functional Skills Required

• Strong variance and root cause analysis skills
• Hyperion Planning (Oracle product) familiarity
• SAP and Business Intelligence experience
• Advanced Excel and PowerPoint capability
• Excellent verbal and written communication skills
• Strong collaborative team skills

Minimum Qualifications

• Bachelor's degree in Accounting/Finance or Business with 7 or more years’ experience, or
• Master’s degree in Accounting/Finance (or MBA) with 5 or more years’ experience.
• CPA/CMA (preferred)