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Optimal Inc.
Financial AnalystOptimal Inc. • Warren, MI, USA
Financial Analyst

Financial Analyst

Optimal Inc. • Warren, MI, USA
5 days ago
Job type
  • Full-time
  • Quick Apply
Job description

Job Description:
The Process Validation and Improvement (PVI) Audit team is a highly specialized group that plays a lead role in supplier overpayment root cause analysis, and end to end process improvements to mitigate risk for OEM Global Purchasing contracts. PVI is responsible to proactively identify supplier overpayment situations, collaborate with Global Purchasing and Supply Chain to recover the overpayment, and ensure that contracts are updated to reflect accurate contract pricing. Work requires collaboration with purchasing, finance, technical accounting, and engineering.

Key Responsibilities:

  • Analyze contracts to identify contract errors and recovery opportunities
  • Deliver high-quality audit results to communicate the contract issues to purchasing
  • Work with key stakeholders to review audit results and agree on recovery approach
  • Support purchasing in negotiations with suppliers
  • Drive timely closure of open audits and recovery of overpayments
  • Meet targets on key metrics including contract touch rate, study aging, and cost recoveries
  • Perform special studies as requested by stakeholders

The Financial Auditor role reports to a Finance Supervisor, with additional responsibilities of the position are to:

  • Provide financial analysis and / or support using OEM Global systems to determine the cause of pricing errors on OEM contracts with the supply base
  • Analyze ad-hoc reports
  • Interface with various levels within OEM in both group and individual settings to review cases and key areas where differences are identified between the OEM Purchasing system and the supplier contracts
  • Drive closure of open cases and collection of overpayments within stipulated time frame.
  • Perform special studies at GPSC or GBS leadership request.
  • Identify and collect at least $4M annual supplier cost recoveries.

Key Leadership Competencies

Customer Focus
Decision Making
Drive for Results
Interpersonal Savvy
Teamwork
Organizing

Key GBS Skill Clusters
Functional Expertise
Implementer
Change Management

This role is currently hybrid, requiring 3 days (Tuesday, Wednesday & Thursday) in-office per week.

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Financial Analyst • Warren, MI, USA

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