Accounting & Finance Rotational Analyst

About the Role

SPX Technologies is seeking an Accounting & Finance Rotational Analyst to join their talent development program. This two-year program offers real-world experience, meaningful projects, and skill development through three distinct rotations in different sub-fields and businesses, each lasting approximately 7-10 months. The first rotation is at the corporate headquarters in Charlotte, NC, with subsequent rotations in various U.S. locations.

Key Responsibilities

• Financial Reporting and Accounting:
• Prepare and analyze consolidated financial statements, footnotes, reports, and budgets.
• Reconcile financial data for accuracy and completeness.
• Document and organize financial records.
• Assist in financial audits and compliance activities.
• Research quarterly and annual SEC reporting requirements and their impact.
• Review global capital structures and liquidity, including credit agreements, cash management, and foreign currency/derivative risk.
• Aggregate and calculate financial models for EPS, Cash Flow, Capital Structure, Cost Analysis, and Mergers & Acquisitions.
• Conduct thorough analysis of financial data to support decision-making.
• Assist in the analysis of manufacturing costs (direct materials, labor, overhead).
• Communication:
• Understand SPX business units and operating structures.
• Collaborate with other departments to gather financial data and ensure timely reports.
• Provide financial insights and analysis to support the business.
• Continuous Improvement:
• Document process flows and identify areas for improvement using techniques like process mapping.
• Stay updated on industry trends and regulatory changes in accounting and finance.
• Participate in assigned projects related to department and organizational goals.

Requirements & Tech Stack

• Accounting or Finance Experience: 0 – 3 years
• Accounting Principles: Application of Generally Accepted Accounting Principles (GAAP)
• Regulatory Understanding: Understanding of general Sarbanes-Oxley Act of 2002 (“SOX”) requirements.
• Tools: Proficiency in Microsoft Office, including Excel.

Qualifications

• Education: Bachelor's degree in accounting or finance.
• Academic Record: Strong academic record (college GPA of 3.0 or higher strongly preferred).
• Interest: Genuine interest in a career in accounting or finance.
• Business Acumen: General business acumen.
• Financial Understanding: Solid understanding of financial principles, concepts, and reporting standards.
• Skills:
• Ability to multi-task and meet strict deadlines through planning and time management.
• Excellent analytical, organizational, and problem-solving skills with keen attention to detail.
• Professional communication and presentation skills.
• Adaptability and flexibility with a willingness to learn different roles.

Work Environment & Travel

• Work Schedule: Hybrid work schedule.
• Location: Office environment.
• Travel: Travel 75% and ability to temporarily relocate based on rotation location.