Financial Analyst - Capital Planning

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Title: Financial Analyst – Capital Planning

Company: Global Power Components – www.globalpowercomponents.com

Location: Milwaukee, WI (onsite 5-days/week)

Hire Type: Direct Hire

 

Position Summary:

The Financial Analyst – Capital Planning is responsible for supporting the Company's capital expenditure (CAPEX) planning, forecasting, reporting, and fixed asset accounting processes. Under the direction of the Finance Manager, his role serves as a primary finance contact for tracking capital projects, monitoring spending against approved budgets, forecasting future capital requirements, and ensuring the timely capitalization of assets placed into service. The position works closely with Operations, Facilities, Purchasing, and Accounting teams to provide accurate financial analysis, maintain capital project schedules, strengthen financial controls, and support strategic investment decisions.

 

Key Responsibilities:

• Partner with department leaders to develop and maintain CAPEX budgets, forecasts, and long-range capital plans.
• Support the CAPEX workflow and review requests for compliance with company capitalization, documentation, and approval policies.
• Collaborate with Purchasing, Facilities, Operations, and Accounting to monitor capital project progress, purchase orders, invoices, commitments, expected in-service dates, and forecast-to-complete amounts.
• Identify and communicate potential project budget, cost, timing, and documentation issues to project owners and Finance leadership.
• Prepare CAPEX spending, project status, cash flow, and budget variance reporting for the monthly leadership reporting deck.
• Reconcile construction-in-progress balances to capital project schedules and the general ledger each month.
• Coordinate the financial closeout of completed capital projects, including final cost review, capitalization, and resolution of outstanding commitments.
• Prepare and record monthly journal entries for asset additions, transfers, disposals, depreciation, and other fixed asset activity.
• Maintain fixed asset records, depreciation schedules, project files, and supporting documentation.
• Reconcile the fixed asset subledger to the general ledger and investigate and resolve discrepancies.
• Support periodic fixed asset inventories and asset verification activities.
• Assist project sponsors with financial justification and analysis, including return on investment, payback period, cash flow, and sensitivity analysis.
• Support post-completion reviews of significant projects by comparing actual spending and benefits with the approved business case.
• Support month-end and year-end close activities and external audit requests related to fixed assets and capital projects.
• Maintain CAPEX procedures and internal controls and identify opportunities to improve data quality, workflow efficiency, and reporting.
• Support ad hoc financial analyses and cross-functional projects as needed.

 

Qualifications:

• Bachelor's degree in Finance, Accounting, or a related field.
• 1-3 years of experience in financial analysis, accounting, project accounting, or fixed asset accounting.
• Experience with financial analysis, account reconciliations, financial reporting, budgeting, or forecasting.
• Experience in a manufacturing, industrial, construction, or other capital-intensive environment preferred.

 

Technical Skills:

• Strong Microsoft Excel skills, including pivot tables, lookup functions, and data analysis.
• Experience with ERP or fixed asset systems preferred.
• Ability to learn and work with ERP, purchasing, fixed asset, and project-tracking systems.
• Working knowledge of fixed asset accounting, construction-in-progress accounting, and depreciation methodologies preferred.
• General understanding of GAAP principles and internal controls related to capital assets.
• Experience with Power BI or other financial reporting and data visualization tools preferred.

 

Functional Skills & Abilities:

• Strong analytical and problem-solving skills.
• Ability to manage multiple projects, priorities, and deadlines simultaneously.
• High level of attention to detail, accuracy, and follow-through.
• Strong verbal and written communication skills.
• Ability to work effectively with finance, accounting, and operational teams.
• Ability to proactively identify risks, incomplete information, and policy exceptions and communicate issues appropriately.
• Demonstrated ability to identify process improvement opportunities and implement practical solutions.