Financial Analyst
Tower International, Inc. 28 reviews - Elkton, MI

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Provide leadership and financial and business analysis to the finance team and support departments to achieve optimal levels of safety, quality, productivity and delivery to assure internal and external customer satisfaction.


Intermediate to advanced level position where colleague has reached competency in the discipline. Understands and applies concepts. Performs varied and more complex tasks, using independent judgment with minimum supervision. Makes decisions within broad parameters. May mentor less experienced colleagues.

Support the Company’s mission, vision, values and goals in performance of daily activities.

Provide key input into the development of departmental strategic goals along with identifying key measurable to support the departmental goals.

Responsible for review and modification of internal control, budgeting, forecasting, cost analysis and business practices and processes to ensure operational integrity.

Recommends systems process improvements and implements changes.

Leads projects and team assignments for general accounting and financial analysis activities in the plant.

Collects and analyzes plant, product and process results and statistics.

Determines alternatives and prepares cost, income or other projections for comparison.

Prepares weekly, monthly, quarterly and year-end financial statements/documents for approval.

Responsible for preparation, review and maintenance of capital expenditure requests (CERs).

Responsible for Weekly Flash and Monthly Forecast reporting-offal forecast, P&L account forecast.

Provides information for customer pricing issues and may be involved in customer meetings seeking resolution of the issues.

Responsible for fixed asset and depreciated work.

Financial responsibility for prototypes and work in process (WIP) tooling, coordinate costs and billings with corporate and all related month end journal entries.

Responsible for new program financial support.

Assist with annual budget preparation and weekly and monthly forecasting.

Responsible for accounts receivable review of past due issues, approving memos of customer reductions, EDI issues and supports Corporate A/R and Treasury in cash application.

Backup to Controller for labor, scrap and MRO spending; cash in advance approvals (CIA) and other approvals as necessary.

Responsible for special projects as assigned by Plant Manager, Controller or Corporate.

Responsible for training and coaching other finance colleagues.

Direct and/or participate in root cause analysis and team problem solving activities (ex. 8D reports, department meetings, etc.).

Support plant activities towards achieving customer awards and Quality registration (ex. TS 16949, ISO 14001, Pentastar, etc.)

Assist with plant activities to achieve quality, productivity and cost reduction goals.

Responsible for adhering to all internal and OSHA required safety procedures in performing daily work activities.

Maintain high standards of housekeeping throughout the plant.

Maintain a positive working relationship with all levels of the organization.

Assures compliance with federal, state, local and corporate policies, regulations and laws. Assists with the creation of acceptable standards in Finance.

Adherence to all company policies and procedures (ex. Quality Policy Manual, Colleague Handbook, Level II Procedures etc.)


Reports directly to the Controller. Interfaces on a frequent basis with the Operations, Materials, Quality, Plant & Corporate Finance Departments. Also interfaces on an as needed basis with Human Resources, Information Technologies and Maintenance. May interface with Customers and Suppliers.


Provides direct leadership to the Accounting/Finance staff.

Ability to identify, select, train and coach management talent.

Provides model behavior to demonstrate corporate values.


Bachelor’s Degree in Finance or Accounting,

Minimum of three (3) years experience in related financial, operational or business analysis.

Strong understanding of financial systems, manufacturing systems, general ledger, standardized cost accounting, along with budgeting and forecasting is required.

Hands on experience in audit procedures and processes, financial reporting, accounting and variance analysis and continuous improvements is preferred.

Experience with integrated manufacturing systems-( examples, QAD, SAP..).

Knowledge of Hyperion a plus.

Excellent organizational, analytical and communication skills.

Ability to work in a fast paced environment.

Ability to mentor and teach effective problem solving skills.

Proven leadership ability and excellent interpersonal skills.

Ability to interpret financial and performance data.

Ability to work well with others in a team environment.

Proficient in Microsoft Office software.

Ability to read and write in English and perform mathematical calculations.


Duties include but are not limited to: stand, walk, twist, bend, lift, see, talk and hear. Ability to travel. Occasionally exposed to moving mechanical parts, vibration and hazardous materials.

The above statements are intended to describe the general nature and level of work being performed by colleagues assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties, qualifications, or working conditions.

Required Skills

Required Experience

About this company
28 reviews
Tower International, Inc. is always looking for qualified, dedicated employees for various positions across the country and globe....