Cost Analyst
4 weeks ago
SUMMARY
The Cost Analyst works with minimal direction and supervision. Purchasing organization. Overall
responsibility for identifying cost reduction opportunities and making recommendations to improve cost-efficiency. Performs cost analysis and generates reports for management decision making. Candidate must be well-versed in data and financial analysis, and have a keen eye for detail to perform this role successfully.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Present strategic recommendations to reduce costs.
Analyze data to help identify cost reduction opportunities.
Offer analytical support to individual departments and divisions when assigned.
Prepare detailed reports on a regular and ad-hoc basis.
Contribute to creating annual operational budgets, plans, and estimates of new product costs including economic analysis.
Assist with the annual budgeting process to ensure that regular costs for all products are determined in accordance with budget constraints.
Collaborate with management to ascertain forecasting cost reports are consistently applied and checked.
Propose cost-cutting or profit-generating alternatives.
Calculate the costs of existing and new items.
Assist management in making key cost-benefit decisions
Determine standard costs and evaluate differences between standard and actual costs.
EDUCATION and/or EXPERIENCE
Bachelor’s Degree in Business Administration, Supply Chain, Finance, Accounting, or a related field with equivalent applicable work experience.
Three years’ experience with cost-estimating and procurement in a manufacturing environment is preferred.
Proven experience as a cost analyst, cost expert, or other comparable position.
REQUIRED SKILLS
Good working knowledge of supply chain processes and procedures including logistics, manufacturing planning, demand, and replenishment processes.
Excellent computer skills, including demonstrated proficiency in Microsoft Applications (Outlook, Excel, PowerPoint, and Word), with an emphasis on spreadsheets and presentations.
Familiarity with ERP Systems (Syspro highly preferred; SAP, Oracle, or equivalent acceptable).
Analytical problem solving – effective problem solving using logic and reason, creativity and strategy.
Strong Communication skills – interpersonal, presentation, and written.
Ability to handle frequent interruptions, manage complexity and ambiguity, meet tight deadlines, balance multiple priorities, and handle conflict effectively
Demonstration of thoroughness and attention to detail.
Compensation: $80-90K
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