Financial Analyst

Building People that Build the World.

With platforms in HVAC and Detection and Measurement, SPX Technologies builds innovative solutions that enable a safer, more efficient, sustainable world. Through our RiSE talent development framework, we Reach, Identify, Strengthen, and Engage our employees to support them in their continued development. We're a global company of problem solvers, collaborators, and innovators, and our businesses build solutions that impact the world.

This opportunity is for our Electric Heat business. Electric Heat is a trusted leader in electric heating and ventilation solutions for commercial, industrial, and residential applications. Backed by the strength of ASPEQ Heating Group and Marley Engineered Products, we offer a wide range of standard and customized products through leading brands like QMark, Indeeco, Berko, and Brasch.

Our portfolio includes baseboard, wall, unit, and infrared heaters, along with ceiling fans and air circulators - designed to deliver comfort, reliability, and performance. We are committed to high-quality, energy-efficient solutions that improve environments where people live and work.

How you will make an Impact (Job Summary)

SPX is a diverse team of unique individuals who all make an impact. As a Financial Analyst, you will manage the development of Electric Heat’s quarterly financial forecast, drive the annual budgeting and strategic plan processes, and play a key role in other processes. You will provide analytical and strategic support to senior management and act as the analytical engine of the company to provide insights and support ‘optimal’ business decision-making through forecasting, creating financial budgets, and models, and conducting performance-based analyses.

What you can expect in this role (Job Responsibilities)

While each day brings new opportunities at SPX, your core responsibilities will be:

1. Financial and Accounting Support

• Conduct thorough analysis of financial data, including but not limited to income statements, balance sheets, cash flow statements, and budget reports

• Work closely with senior management to model medium to long-term financial forecasts to align with the Company’s strategic plans

• Collaborate with the finance and accounting teams across Electric Heat to develop and monitor forecasts

• Support business partners by providing financial insights and analysis to identify potential risks and opportunities

• Partner with senior management to solve business challenges and identify opportunities to improve financial performance through analytical support

• Run annual budgets and forecasts, including the roll-out of regular re-forecasting cycles and procedures

1. Corporate Expense

• Reconcile and review financial results against budget/forecast and prior year

• Update forecasts

• Identify and explain variances to provide insights to senior management/leaders

• Partner with Corporate Accounting and Department leaders to ensure compliance with relevant accounting standards and regulations

1. Standard Reporting and Documentation

• Manage the budgeting, forecasting, and long-term planning process

• Create financial statements and other financial analyses for review

• Prepare, analyze, and distribute weekly, monthly and quarterly financial reports to be used for predictive modelling, and identify drivers of business results

• Track the performance of business units, segments, and the Company against forecasts

• Monitor market and business-specific key performance indicators, highlighting trends and analyzing causes of unexpected variances

• Manage capital expenditure approval process

• Maintain and update bonus and performance-based compensation model

• Develop presentations to communicate the Company’s results and forecasts to the investor community, the Company’s Board of Directors, senior management, and other key stakeholders

1. Continuous Improvement

• Drive, develop, and improve standard processes and procedures by identifying trends, anomalies, inefficiencies, and gaps in financial processes

• Provide actionable recommendations to address challenges, streamline processes, increase productivity, and improve financial performance

• Assist with the development, documentation, implementation, and continual improvement of financial policies and procedures

• Take an active role in the broader Finance team; facilitating smooth implementation of – and adherence to – new finance requirements, systems, and processes

• Stay updated on industry best practices and emerging technologies related to accounting and finance

• Participate in other projects (as assigned), that relate to the overall goals of the department and enterprise

What we are looking for (Experience, Knowledge, Skills, Abilities, Education)

We each bring something to the table, and we are looking for someone who has:

Required Experience

• 2 to 5 years of applicable experience

• FP&A experience within a publicly traded company and/or manufacturing company

• Experience with OneStream, or other financial consolidation platforms

Preferred Experience, Knowledge, Skills, and Abilities

• Desire to get into the details and put the “A” in FP&A

• Work as a business partner in delivering better decision support and enabling strategic initiatives that help improve the organization’s financial performance

• Advanced Microsoft Excel and PowerPoint skills

• Proficient financial modeling, analytical skills, and strong attention to detail as well as strong business acumen

• Able to present results to diverse audiences and communicate effectively (with all levels of the organization)

• Advanced Microsoft Excel skills and the ability to work with complex financial data

• Strong knowledge of planning and performance processes, including annual budgets, monthly forecasts, and periodic business reviews

• Strong communication, with the ability to present financial information in a clear and concise manner

• Capacity to lead and manage others and work cross-functionally

• Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment

• Continuous improvement mindset, with a proactive approach to identifying and implementing process improvements

• Strong working knowledge of accounting, and finance operations.

Education & Certifications

• Bachelor’s degree in accounting or finance required

Travel & Working Environment

• Onsite office environment

• 10-25% Travel

How we live our culture

Our culture is at the center of what we do and, more importantly, who we are. Our core values set a standard for how we manage ourselves, and our Leadership Model sets the standard for how we engage with each other. Whether you are an individual contributor or you lead a large team, each of us leads at SPX.

What benefits do we offer?

We know that the well-being of our employees is integral. Our benefits include:

• Generous and flexible paid time off including paid personal time off, caregiver, parental, and volunteer leave
• Competitive health insurance plans and 401(k) match, with benefits starting day one
• Competitive and performance-based compensation packages and bonus plans
• Educational assistance, leadership development programs, and recognition programs

Our commitment to embrace diversity to build a culture of inclusion at SPX

We value different backgrounds, experiences, and voices at SPX, and we are committed to challenging ourselves, openly communicating, and striving to improve every day. We believe in creating an inclusive work environment where everyone has a voice and is encouraged to realize their fullest potential.

SPX is an affirmative action and equal opportunity employer committed to making selection decisions without regard to race, color, religion, sex, sexual orientation or identity, national origin, age, disability, veteran status, or any other legally protected basis.