Senior Cost Analyst

2 weeks ago

Parsippany, United States Midea Full time
Senior Cost Analyst

As a Senior Cost Analyst at Midea America Corp, you will play a crucial role in analyzing and monitoring all costs related to logistics, warehousing, and after-sales operations. Your expertise in maintaining accurate financial records, conducting detailed cost analyses, and developing effective cost-saving strategies will drive operational efficiency and profitability. This role demands a strategic thinker with a keen eye for detail and a passion for continuous improvement.

Key Responsibilities:

• Cost Analysis: Develop and maintain accurate cost tracking records for all logistics, warehousing, and after-sales activities. Analyze costs related to transportation, storage, handling, and other logistics services to identify trends, variances, and areas for improvement.

• Budgeting and Forecasting: Review and manage budgets for logistics, warehouse, and after-sales operations. Work closely with the logistics, warehouse, and after-sales teams to forecast costs based on operational metrics and market conditions.

• Cost Reporting: Develop detailed monthly reports on logistics, warehouse, and after-sales costs, comparing actual expenses against budgeted and historical data. Highlight significant variances and provide actionable insights for cost control and reduction.

• Operational Efficiency: Collaborate with logistics, warehouse, and after-sales managers to identify cost-saving opportunities and implement strategies to enhance operational efficiency without compromising service quality.

• Process Improvement: Continuously evaluate and improve costing processes and systems for greater efficiency and accuracy. Implement best practices in cost management.

• Cross-Functional Collaboration: Work closely with logistics, warehousing, and after-sales teams to understand operational challenges and opportunities. Collaborate with other departments to ensure cost efficiency across the organization.

• Financial Planning and Analysis: Support the financial planning process by providing insights into logistics, warehousing, and after-sales costs. Assist in strategic decisions, such as contract negotiations with logistics providers, warehouse space optimization, and investment in technology.

• Inventory Management: Work with the inventory management team to ensure accurate costing of inventory holding, including costs associated with warehousing and logistics. Support inventory valuation and contribute to inventory management strategies.

• Compliance and Internal Controls: Ensure adherence to financial policies, procedures, and controls related to logistics and warehousing expenses. Participate in audits and implement recommendations for compliance and process improvements.

Required Qualifications:

• Bachelor's degree in accounting, finance, or a related field.

• Professional certification (e.g., CMA, ACCA, CPA) is preferred.

• Minimum of 5 years of experience in cost accounting, with strong knowledge in logistics, supply chain, or warehouse management.

• Familiarity with logistics and warehousing operations and related cost structures.

• Strong understanding of accounting principles, cost control procedures, and financial reporting standards. Experience in big four accounting firm is preferred.

Skills:

• Strong analytical and problem-solving skills, with a focus on detail and accuracy.

• Effective communication skills, capable of working with cross-functional teams.

• Ability to manage time effectively, meeting deadlines in a fast-paced environment.

• Proficiency in Microsoft Excel and data analysis tools, e.g., Power Query.

Working Conditions:

• Primarily office-based, with the possibility of occasional visits to logistics centers or warehouses for operational understanding and collaboration.

• Standard office hours, with flexibility required during monthly closings or budgeting periods.

Featured benefits
  • Competitive salary
  • 10% Bonus
  • Medical insurance
  • Vision insurance
  • Dental insurance
  • 401(k)

Comprehensive benefit package, to learn more, please visit Careers Page (midea.com)

Midea America Corp. is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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