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Financial Planning & Analysis (FP&A) Analyst - Job Opportunity at Albany International Corp.

Salt Lake City, US
Full-time
Mid-level
Posted: February 25, 2025
Hybrid
USD 85,000 - 110,000 per year based on Salt Lake City market conditions and aerospace industry standards

Benefits

Hybrid work flexibility
Industry-standard benefits package implied for aerospace sector
Professional development opportunities in aerospace/defense domain

Key Responsibilities

Strategic financial performance analysis and reporting for AEC Salt Lake City Business Unit
Lead FP&A activities with direct reporting to AEC Segment and Corporate leadership
Government overhead rate management and compliance oversight
Cash flow forecasting and working capital optimization
Cross-functional collaboration on budgeting and strategic planning

Requirements

Education

Bachelor's Degree in Finance, Accounting, or related field. MBA preferred

Experience

4+ years related experience and/or training

Required Skills

Microsoft Excel, Word and PowerPoint proficiency Excellent analytical, problem solving, and communication skills Cash flow forecasting and management Government overhead rates management Government contracting experience Actual costing/project systems expertise
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Industry Trends

Aerospace & defense sector is experiencing increased demand for sophisticated financial modeling due to complex government contracts and supply chain challenges Growing emphasis on cost optimization and overhead rate management in defense contracting Shift towards data-driven decision making requiring advanced analytical capabilities in FP&A roles

Role Significance

Likely part of a 3-5 person FP&A team within larger finance organization
Mid-level position with significant influence on business unit financial strategy and performance

Key Projects

Government overhead rate optimization initiatives Working capital improvement programs Strategic business planning and forecasting Financial performance analysis and reporting systems implementation

Success Factors

Deep understanding of government contracting and overhead rate management Strong ability to translate complex financial data into actionable insights Excellent stakeholder management skills across multiple organizational levels Proactive problem-solving approach with attention to regulatory compliance

Market Demand

High demand due to increasing complexity in aerospace financial management and government contracting requirements

Important Skills

Critical Skills

Government contracting expertise is essential for managing complex regulatory requirements and ensuring compliance Advanced Excel and financial modeling capabilities needed for sophisticated forecasting and analysis Strong communication skills required for cross-functional collaboration and leadership reporting

Beneficial Skills

Knowledge of aerospace industry trends and market dynamics Experience with ERP systems and financial planning software Understanding of composite materials manufacturing processes

Unique Aspects

Role combines traditional FP&A with specialized aerospace/defense industry requirements
Direct involvement in government contract financial management
Opportunity to work with advanced composite materials financial modeling

Career Growth

2-3 years in role before advancement opportunity, depending on performance and organizational growth

Potential Next Roles

Senior FP&A Analyst FP&A Manager Finance Director Controller in Aerospace/Defense

Company Overview

Albany International Corp.

Albany International Corp. is a leading developer and manufacturer of engineered composites, particularly strong in aerospace applications through its AEC division

Well-established player in aerospace composites with significant government contracts and commercial aerospace partnerships
Strategic location in Salt Lake City with proximity to aerospace industry clusters
Professional environment with emphasis on technical expertise and regulatory compliance, balanced with modern workplace flexibility
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