Cost Analyst

3 weeks ago


Erie, United States Industrial Sales And Manufacturing Full time
Job DescriptionJob DescriptionSalary: $22.00 - $25.00 p/h

The Job Costing Analyst will be responsible for analyzing the costs associated with the production of metal component parts/products. This role involves working closely with the production, sales, estimating, and purchasing teams to ensure accurate cost allocation, identify cost-saving opportunities, and support financial decision-making processes. The ideal candidate will have a strong background in cost accounting, excellent analytical skills, and a keen eye for detail.


Key Responsibilities:


  • Analyze job costs for manufacturing projects/parts and/or customer orders, to ensure accurate cost allocation and reporting.
  • Prepare detailed cost estimates for new and existing projects/parts/orders, including labor, materials, and overhead costs.
  • Monitor and report on job costs, variances, and profitability, providing insights to management for strategic decision-making.
  • Collaborate with production, sales, estimating and purchasing teams to gather and validate cost data.
  • Develop and maintain cost models and tools to support project budgeting and forecasting.
  • Identify cost-saving opportunities and recommend process improvements to enhance efficiency and profitability.
  • Conduct regular audits of job cost records to ensure compliance with company policies and accounting standards.
  • Analyze overall ongoing part costs of jobs completed to verify PNL levels and identify parts/processes for cost performance improvement projects
  • Identify and address consistently poor cost performing parts and facilitate cross functional team collaboration to provide cost effective solutions and recommendations for continuous improvements.
  • Keep detailed records for costing standards and update as necessary through ERP systems.
  • Work with other departments to keep zero price issues at a minimum and facilitate quick turnaround on order pricing issue resolution.
  • Design, implement, manage and monitor cost reporting systems.
  • Stay updated on industry trends, cost drivers, and best practices in job costing and cost management.


Knowledge, Skills and Abilities:


  • Bachelor’s degree in accounting, finance, business administration, or a related field. Equivalent experience in industry will be considered.
  • Minimum of 2 years of experience in cost accounting, job costing, or financial analysis in a manufacturing environment.
  • Strong understanding of cost accounting principles, job costing methodologies, and financial analysis techniques.
  • Proficiency in ERP systems and advanced Excel skills.
  • Excellent analytical, problem-solving, and organizational skills.
  • Attention to detail and a high level of accuracy in work.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Strong interpersonal skills and the ability to collaborate effectively with cross-functional teams.

 

Preferred Qualifications:

 

  • CPA, CMA, or other relevant professional certification.
  • Knowledge of lean manufacturing principles and continuous improvement methodologies.

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