Cost Analyst

LHH is partnering with our client in the Danville, VA area to find a financial cost analyst. This individual will be focusing on cost analysis duties, must be proficient with SAP, process design, and MS Excel.

What This Position Is About

Responsible for planning, analysis, and reporting related to Capital Expenditures (CAPEX), Operational expenses (OPEX), Cost Centre Conversion Costs analysis, and Factory Finance Reporting as well as calculations and studies for BAP, ASP, and Outlook purposes.

Areas of Responsibilities

• Analyzing Direct Labor Costs: Examining the costs associated with labor directly involved in the production process, such as wages, benefits, overtime, and productivity levels.
• Assessing Manufacturing Overhead Costs: Evaluating the indirect costs incurred during the
• Cost Estimation and Forecasting: Predicting and estimating conversion costs for manufacturing processes and projects based on historical data, production plans, and resource utilization.
• Variance Analysis: Analyzing the differences between budgeted or standard conversion costs and actual costs incurred during production.
• Process Improvement Initiatives: Collaborating with cross-functional teams to identify opportunities for process optimization, waste reduction, and cost-saving initiatives within the production process.
• Cost Reporting and Performance Measurement: Generating reports and dashboards to communicate conversion cost data, trends, and performance metrics to management and stakeholders.
• Compliance and Risk Management: Ensuring compliance with regulatory requirements and internal policies related to cost accounting and financial reporting.

Required

• Bachelor's degree in finance or accounting
• Previous industry experience
• Proficiency in SAP, process design, MS Excel