Senior Financial Analyst – Data Solutions

Posted 5 Days Ago
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St. Louis Park, MN
76K-141K Annually
Senior level
Big Data • Hardware • Other • Energy
The Role
The Senior Financial Analyst will support the Data Solutions Business, focusing on financial planning, cost analysis, budgeting, and collaboration with cross-functional teams to assess product viability and profitability. Responsibilities include developing financial models and reports, identifying cost-saving opportunities, and tracking financial performance against targets.
Summary Generated by Built In

We’re looking for people who put their innovation to work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions.

WHAT YOU WILL EXPERIENCE IN THIS POSITION:

We are seeking a detail-oriented and analytical finance professional to support our growing Data Solutions Business with a focus on New Product Development initiatives. This role will be supporting core financial processes (Annual Operating Plan, Quarterly forecasts, Monthly and weekly reporting and analysis). The role will have a focus on New Product Development initiatives, partnering closely with cross-functional teams, including Product Management, R&D, Marketing, Supply Chain and Operations, to assess financial feasibility, optimize costs, to ensure timely implementation across different systems and drive profitable growth.

KEY RESPONSIBILITIES:

  • Financial planning and analysis: Develop financial models, forecasts, and business cases to assess the viability and profitability of existing product performance and new product development initiatives

  • Cost analysis and optimization: Provide visibility to cost center spend, its sources of variation driving accountability on behalf of spend owners. Partner with R&D, supply chain, and operations teams to analyze product costs, identify cost-saving opportunities, and improve overall profitability. Support value engineering efforts to enhance cost efficiency

  • Budgeting and forecasting: support the budgeting and forecasting process for operational expenses and financial performance tracking to targets. Provide regular updates and projections to support resource allocation and investment planning.

  • Stakeholders collaboration: work closely with various functions to have new products set up in a timely, consistent manner across regions and systems, assist Product management with products set up with pricing analysis and strategies to ensure competitive positioning while maintaining profitability

  • Performance tracking: monitor financial performance against projections, analyze variances and suggest improvements to maximize financial outcomes. Support ongoing product lifecycle management by assessing financial viability of product enhancements or extensions.

YOU HAVE:

  • Bachelor’s degree in Finance Accounting, Economics or a related field (MBA, CFA preferred)

  • 5+ years of experience in finance, FP&A, product finance or a related field, preferably in a high growth, technology manufacturing environment. Experience working with cross-functional teams in a fast-paced environment

  • Skills: strong financial modeling, analytical and forecasting skills. Proficiency in financial planning tools, ERP systems and Excel. Excellent communication and presentation skills with the ability to convey financial insights to both finance and non-finance stakeholders

WE HAVE:

  • A dynamic global reach with diverse operations around the world that will stretch your abilities, provide plentiful career opportunities, and allow you to make an impact every day

    • At nVent, we believe safer systems ensure a more secure world. We connect and protect our customers with inventive electrical solutions. We design, manufacture, market, install and service high-performance products and solutions for mission-critical equipment, buildings and essential processes. Our solutions are helping build a more sustainable and electrified world.

    • We are a $3.3B company with a dedicated team of more than 11,000 employees around the globe. Our comprehensive portfolio of enclosures, electrical and fastening, and thermal management solutions dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, ILSCO, RAYCHEM and SCHROFF.

  • Commitment to strengthen communities where our employees live and work

    • We encourage and support the philanthropic activities of our employees worldwide

    • Through our nVent in Action matching program, we provide funds to nonprofit and educational organizations where our employees volunteer or donate money

  • Core values that shape our culture and drive us to deliver the best for our employees and our customers. We’re known for being:

    • Innovative & adaptable

    • Dedicated to absolute integrity

    • Focused on the customer first

    • Respectful and team oriented

    • Optimistic and energizing

    • Accountable for performance

  • Benefits to support the lives of our employees

Pay Transparency
 
nVent’s pay scale is based on the expected range of base pay for this job and the employee’s work location. Employee pay within this range will be based on a combination of factors including knowledge, skills, abilities, experience, education, and performance. Where federal, state, or local minimum wage requirements exist, employee pay will comply.
 
Compensation Range:

$76,000.00 - $141,100.00

Depending on the position offered, employee may be eligible for other forms of compensation, such as annual incentives.

Benefit Overview

At nVent, we value our people and their health and well-being.  We provide a broad benefits package with meaningful programs for full-time employees that includes:

  • Medical, dental, and vision plans along with flexible spending accounts, short-term and long-term disability benefits, critical illness, accident insurance and life insurance.

  • A 401(k) retirement plan and an employee stock purchase plan — both include a company match.

  • Other supplemental benefits such as tuition reimbursement, caregiver, personal and parental leave, back-up care services, paid time off including volunteer time, a well-being program, and legal & identity theft protection.

At nVent, we connect and protect our customers with inventive electrical solutions. People are our most valuable asset. Inclusion and diversity means that we celebrate and encourage each other’s authenticity because we understand that uniqueness sparks growth.

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#LI-On-site

Top Skills

Erp Systems
Excel
Financial Planning Tools
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The Company
HQ: St Louis Park, MN
10,001 Employees
On-site Workplace
Year Founded: 2018

What We Do

nVent is a global leader in enclosures, electric heat-tracing solutions, complete heat-management systems and electrical and fastening solutions. Our products connect and protect our customers’ systems in facilities where the cost of failure is very high. We help customers enhance productivity and reduce their cost of ownership by simplifying installation and minimizing downtime during operation.

Just as every idea begins with a spark, we at nVent view the dawn of every sunrise as a new opportunity to ignite innovation. Our inventive solutions benefit customers around the world every day, keeping lights on, data streaming and trains running on time.

We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation.

We are a $2 billion, high-performance electrical company with a dedicated team of 8,800 people at more than 130 sites around the world. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.

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