Cost Analyst

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.