With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,700 employees are helping customers in nearly 100 countries stay competitive. Kennametal generated $2.1 billion in revenues in fiscal 2023. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.
Job Title: Plant Finance Business Partner Location: Goshen, IN
The Plant Finance Business Partner supports the Plant Management team in providing strategic financial leadership and financial stewardship. This role works with all areas of the business and is intended to be a support in the delivery of services to each Business Unit Leader. The Plant Finance Business Partner works closely with the business to accurately forecast financial results, drive data-driven decisions and work together as partners on proposals and special projects. Performs various financial reporting and forecasting analyses in the areas of profit planning, cost containment, capital expenditures and other areas. Support will include a focus on managed views of financials as well as understanding profitability drivers and trends, make recommendations to the business based on financial analysis and knowledge of the business.
Key Job Responsibilities
Business Partnering/Leadership Support
Needs to be seen as Leader of the business-critical functions
Needs to effectively communicate financial results to non-financial professionals as well as they need to foster collaboration between departments
Is a facilitator on strategic and tactical initiatives supporting the business in achieving its strategic objectives
Supports and challenges the business in ensuring that the chosen business actions area aligned to the strategy and are protecting, growing and optimizing the assets of the company
Is responsible to drive improved operational results and efficiency
The Finance Business Partner is responsible to provide meaningful, actionable insights, advice and recommendations on historic and the future financial performance to the Business' leadership
Develops and maintains business partner relationships across functions and regions
Responds to customers in a timely fashion
Shares expertise and experience to support stakeholders on effective financial management processes
Supports the delivery of financial, operational and strategic insights across the organization
Facilitates an openly communicative environment to promote the generation of creative thinking and commitment to business process improvement
Act as catalyst in driving forward initiatives critical to delivering the strategy
Forecast, Planning
Develop forecasting and planning processes as needed so that key inputs are considered
Supports Business Unit leadership in the completion of the annual budget cycle and achievement of operating targets
Partner with peers within and across the other business units to share ideas and collaborate on ways to improve finance routines and processes
Conduct other financial analysis and reporting as needed
Provides analysis to support creation of the Base Budget assumptions for volume, gross revenue and expense inflation rates, including the integration of organization objectives for cost savings and new program initiatives, provide guidance to Business Unit leadership in identifying and understanding key volume and related variance drivers including areas of risk
Actively participates in month end financial close
Assist Shared Services and Corporate Accounting to estimate appropriate accruals
Prepares detailed analysis of operational and financial data, trend analysis and monitoring of key financial metrics including: root causes analysis, summarizes and shares findings and detailed explanations with the Business Leaders
Engages leaders and provides guidance in development and ongoing monitoring of remediation and corrective action plans
Supports analytics for Labor and Non0Labor Benchmarking activities
Supports Business Leadership in cost management initiatives
Attends a wide range of client-based meetings for exposure to organization
Compliance, Performance Improvement and Learning
Guides Business Leaders in adoption and understanding of finance policies, guidelines, requirements and standard operating procedures to ensure compliance with corporate finance policies and generally accepted accounting principles
Provides guidance and participates in performance improvement initiatives that result in improvement in Business Unit operational and financial performance
Educates other staff inside and outside the department on financial concepts and applications, and contributes to the development of financial management
Education, Work Experience, Skills & Certificates
Bachelors Degree in related field (Finance or Accounting preferred)
MBA with focus in Finance is preferred
5 - 8 years related finance experience including in-depth experience with financial statement analysis and a strong understanding of corporate finance concepts
Excellent attention to detail, customer service orientation and timely follow through
Ability to interface with business leaders outside of accounting/finance and comfort presenting to senior leaders of the organization
Strong analytical skills (ability to recognize and resolve issues)
Strategic thinking, leadership and influencing abilities
High energy and self-motivated person
Ability to proactively cultivate strong business partner relationships and communicate effectively with team members
Capable of being a self-starter in a fast paced and sometimes ambiguous environment