Senior Analyst, Financial Planning and Analytics

DigiKey is one of the fastest growing distributors of electronic components in the world. In addition to offering the broadest selection of in-stock electronic components and providing the best service possible to customers, employees have access to a highly competitive benefits package. To learn more, visit our benefits and perks page . ______________________________________________________________________ Position Overview: The Sr. Analyst, FP&A plays a critical role in driving financial insight, operational decision support, and strategic planning across the organization. This role is responsible for developing financial forecasts, annual budgets, financial models, and analytical reporting that influence business performance decisions. This analyst will primarily support the Trade Compliance and Logistics organizations, with a focused emphasis on tariff management, global trade programs, and logistics cost optimization. The Sr. Analyst partners closely with cross-functional leaders to analyze trends, assess risks, and identify opportunities within Trade Compliance and Logistics, including supporting strategies to minimize tariff exposure, optimize customs programs, and improve overall supply chain cost efficiency. This role is based in Thief River Falls or Bloomington, Minnesota, and will require a minimum of two days per week in the office and be available for projects in the office as needed. Travel required, at times, domestically and internationally. Responsibilities: Financial Planning & Forecasting Develop, refine, and maintain forecasting models for assigned areas of the business and align with corporate plan, including logistics spend, duties, and tariff-related costs. Prepare monthly financial outlooks, highlighting risks, opportunities, and required corrective actions. Analyze historical results, and trends, to improve forecast accuracy and enhance planning assumptions. Performance Analysis & Reporting Establish, measure, and report financial KPIs for leadership, including executives. Provide in-depth variance analysis of actual vs. budget/forecast performance and identify root causes. Deliver monthly reporting packages, dashboards, and margin analysis by product, customer, and business segment. Provide actionable insights and recommendations to senior management to improve financial and operational performance. Cost, Margin & Operational Support Perform detailed expenditure reviews to identify trends, cost-saving opportunities, and areas requiring tighter controls, with a focus on logistics spend, tariffs, and customs-related costs. Partner with assigned business units to evaluate margin drivers, inventory levels, and operational efficiencies. Support job costing, estimating, and product cost reviews in collaboration with Operations and Accounting. Lead or support process improvement initiatives to streamline reporting and enhance data accuracy. Strategic Projects Build financial models to evaluate business cases, investments, pricing changes, and strategic initiatives. Participate in cross-functional project teams focused on systems, process improvements, and operational initiatives. Other Responsibilities Partner with accounting to ensure reporting accuracy. Preparation of presentations for business owners, Director, Finance, and other senior leadership. Continuous review for improvement in financial processes and tools. Assist with reviewing customer or supplier contracts as needed. Participate in system testing, upgrades, or implementation projects. Support the creation of documentation, SOPs, and financial process training. Domestic and/or international travel may be required. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Required Knowledge, Skills and Experience Bachelor’s degree in Finance, Accounting, Business Administration or related field of study 6+ years of experience in operational, financial, or general business analysis 1-3 years experience supporting supply chain, operations, procurement, logistics or trade compliance functions Experience in presenting financial reporting to executive leadership Knowledge of cost accounting and control principles, budgeting, and forecasting including generally accepted accounting principles Understanding of financial accounting, P&L, and the balance sheet Ability to analyze financial data and prepare financial reports, statements and projections Ability to lead projects and project teams Strong interpersonal communication skills; ability to communicate with varied levels of employees Strong attention to detail, organizational and problem-solving skills Strong written and verbal communication skills Highly adaptable; possesses a strong ability to manage multiple tasks and changing priorities Ability to maintain confidentiality Ability to multi-task; strong project management skills Ability to establish and contribute to a high degree of teamwork and collaboration with diverse groups Must demonstrate the following behavioral competencies; analytical capacity, attention to detail, communication proficiency, customer/client focus, ethical conduct, initiative, manages execution, personal effectiveness/credibility, positive attitude, problem solving, professionalism, project management, thoroughness, and time management Proficiency in Excel and experience with financial software Ability to work under pressure with (sometimes) limited supervision to meet deadlines Preferred Qualifications MBA or graduate degree, or equivalent Basic understanding of the various business functions and the distribution industry Experience using SQL and/or other data-querying tools Experience with reporting tools (e.g. Sigma, Oracle Analytics, Power BI) Physical Requirements: Generally spend the workday sitting at a workstation and operating computer devices, such as, but not limited to keyboard, mouse and screen Generally spend the workday performing repetitive motions that involve or affect the hands, head, and other parts of your body Compensation: The base pay range for this position is: $80,000 to $117,500 Many factors influence the determination of base pay within a range, including the candidate’s work experience in related roles; the candidate’s knowledge, skills, capabilities, and performance; the relative pay of other DigiKey employees in similar roles; and the budget available for the position. ______________________________________________________________________ Must be authorized to work in the U.S. without the need for employment-based immigration sponsorship, now or in the future. The employer does not offer immigration sponsorship for this opportunity. DigiKey Electronics is an Equal Opportunity Employer. We encourage all qualified candidates, including protected veterans and individuals with disabilities, and to apply and be considered for open positions. If you are an applicant with a disability and need a reasonable accommodation for any part of the employment process, please contact Human Resources at 1-800-338-4105 or . Know Your Rights: Workplace Discrimination is Illegal