Sr. Inventory Analyst

Job Description:

The Senior Inventory Analyst will be responsible for compiling, maintaining and analyzing financial data to ensure accurate reporting and support daily business activities. The analyst must be well organized and high-energy and have a passion for the business. This position will report to the Cleveland Wheels Controller and be based in Cleveland, OH.

Job Duties and Responsibilities:

The Senior Inventory Analyst will analyze financial, operational, and market data to advise on their impact on the location’s financial performance. This position is a key role in the facility, given the volume and complexity of inventory in the Cleveland Wheels flowpath, as well as the fluctuations in the metal market.

Major Activities and Key Challenges Include:

• Partnering with manufacturing and planning teams for inventory management and metal cost forecasting
• Forecasting and analyzing inventory costs, completing detailed variance analysis, including material costs and manufacturing absorption
• Performing quarterly absorption testing to ensure costs are properly absorbed into inventory
• Leading the annual inventory standards review
• Act as finance lead for inventory control activities; inventory movement & reporting
• Analyzing flowpath decisions and identify potential savings opportunities
• Ensuring appropriate internal controls are in place and corporate policy is followed. Leading Sarbanes Oxley compliance around inventory, and demonstrating location controls to internal and external auditors
• Providing guidance to manufacturing floor employees, manufacturing supervisors, and leadership team as it relates to all aspects of inventory integrity
• Analyzing metal market impact on inventory value
• Reporting monthly inventory value and variance analysis against budget & forecast
• Analyzing WIP job variances to understand drivers. Leading the manufacturing organization in understanding and making corrections where necessary
• Preparing metal accounting monthly JE’s, including metal market revaluation, LIFO, and intercompany revenue adjustments
• Key partner in physical inventory process, including variance analysis and reporting and compliance.

Basic Qualifications:

• Bachelor's Degree in Finance or Accounting from an accredited institution
• Minimum of 3 years financial analysis and accounting experience
• ​Employees must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.

Preferred Qualifications:

• 5-7 years of financial analysis and accounting experience
• Robust background in cost accounting and/or financial analysis within a manufacturing environment
• Experience with data querying tools, Oracle, and Hyperion
• Strong interpersonal, communication and analytical skills, with a self-motivated, team-oriented perspective
• Strong understanding of GAAP and auditing principles and practices
• Extensive experience with Excel and proficient knowledge of Microsoft Office products
• Ability to learn quickly, work on multiple concurrent assignments and complete assignments in a timely and organized approach

Howmet Aerospace Inc. (NYSE: HWM), headquartered in Pittsburgh, Pennsylvania, is a leading global provider of advanced engineered solutions for the aerospace and transportation industries. Our primary businesses focus on jet engine components, aerospace fastening systems, titanium structural parts and forged wheels. With $6.6 billion in revenue in 2023, our products play a crucial role in enabling fuel efficiency and lightweighting, contributing to our customers’ success and making a positive impact on the world. To learn more about the way Howmet Aerospace Inc. is advancing the sustainability of our customers, markets, and communities where we operate, review the 2023 Environmental Social and Governance report at www.howmet.com/esg-report. Follow: LinkedIn, Twitter, Instagram, Facebook, and YouTube.

Equal Opportunity Employer:

Howmet is proud to be an Equal Employment Opportunity and Affirmative Action employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other applicable legally protected characteristics.

If you need assistance to complete your application due to a disability, please email TalentAcquisitionCoE_Howmet@howmet.com

Howmet Wheel System is sold under Alcoa® Wheels brand which is a global leader in the commercial transportation industry, renowned for inventing the forged aluminum wheel in 1948. With a steadfast commitment to advancing technology, Alcoa Wheels has achieved a 35% weight reduction of forged aluminum wheels since 1996. The newest wheel ULT36 weighs a mere 36 lbs. Alcoa Wheels delivers breakthrough solutions with proprietary alloy and surface treatment technologies such as Dura-Bright®, Dura-Flange®, and Dura-Black®. All its innovative efforts make trucks, trailers, and buses lighter, more fuel-efficient, durable, and visually striking. With a global presence and extensive manufacturing capabilities, Alcoa® Wheels is dedicated to leading the industry toward a greener and more prosperous future.