Manufacturing Cost Analyst

2 weeks ago

Palmer, Massachusetts, United States IMI Precision Engineering Full time
IMI plc

We are a leading global engineering firm dedicated to developing innovative solutions. Our approach is rooted in curiosity and problem-solving, collaborating with clients to address current challenges and prepare for future demands. We prioritize innovation and aim for outcomes that benefit businesses, enhance daily life, and contribute to a better world, leaving a lasting impact on all stakeholders.

Our expertise lies in designing, constructing, and servicing highly specialized products in fluid and motion control applications. We concentrate on five key sectors: Industrial Automation, Process Automation, Climate Control, Life Science and Fluid Control, and Transport.

Our collaborative approach helps to navigate complexities and overcome challenges. We believe in co-creation with our clients, listening attentively and fostering diverse perspectives to drive innovation. Together, we strive to enhance safety, sustainability, and productivity in businesses.

Position Overview:

The Manufacturing Cost Analyst will serve as a crucial business partner to both operational and commercial teams, ensuring precise manufacturing cost data is available to support both tactical and strategic decision-making. This role involves taking ownership of and enhancing the accuracy of manufacturing costs across various facilities. The analyst will collaborate closely with finance, manufacturing, and supply chain teams to strengthen the reliability of standard costs and enhance visibility into product-level profitability.

Key Responsibilities:
  • Enhance the precision of routings, Bills of Materials (BOMs), and standard costs while evaluating the allocation of overhead and indirect labor costs for optimal recovery.
  • Manage the annual cost roll process, assess the effects of updates to labor and overhead rates, implement cost changes in the ERP system, and analyze the impact on financial statements.
  • Conduct detailed monthly variance analyses between standard and actual gross margins, perform absorption analysis, and simulate the effects of changes in product mix or volume on future profitability, including the preparation of regular reports for relevant teams.
  • Evaluate fluctuations in material costs and their impact on purchase price variances, collaborating with supply chain and sales teams to mitigate inflationary pressures.
  • Regularly review standard costs to identify and rectify discrepancies.
  • Lead financial activities related to the annual inventory count, partnering with operational and supply chain teams to enhance cycle count accuracy, aiming to eliminate the need for annual counts.
  • Oversee the quarterly Excess and Obsolete (E&O) provision calculation and proactively initiate projects to minimize E&O.
  • Collaborate with the Quality team to support initiatives aimed at reducing scrap.
  • Assess the financial implications of new investments in facilities.
  • Support and evaluate activities within projects from initial qualification through proposal and execution.
  • Analyze efficiency improvement initiatives (such as process optimization, lean methodologies, and automation) to drive financial benefits.
  • Engage significantly with manufacturing, supply chain, engineering, business development, and sales teams.
  • Deliver monthly and ad-hoc reports to management, highlighting key costing themes and actions related to product-level profitability.
Essential Competencies for Success

Education and Experience
  • Bachelor's Degree in Accounting, Finance, or a related field, with a minimum of 5 years of experience in manufacturing and/or public accounting roles, demonstrating increasing responsibility and leadership.
  • Experience in large, global organizations with a proven track record of delivering accurate financial forecasts.
Skills
  • Exceptional judgment and problem-solving abilities to swiftly address unique and complex business challenges.
  • Strong analytical skills with the capability to effectively engage with operational teams.
  • Ability to prioritize and manage multiple projects efficiently.
  • Comprehensive knowledge of financial practices, GAAP, cost management, supply chain, and manufacturing operations.
  • Highly organized with a focus on personnel development.
  • Experience in large matrix global organizations with a successful history of driving process improvements.
  • Proficient in cost accounting.
  • A formal accounting qualification and evidence of ongoing professional education post-qualification.
  • Proficient in MRP, ERP, and the MS Office Suite (Excel, PowerPoint, Word, and Outlook).
What IMI Offers

At IMI, we prioritize creating an inclusive culture of health and well-being. We strive to eliminate barriers to care and provide a range of options for your health and wellness needs.

Below is an overview of our exceptional perks and benefits:
  • Multiple health plan options, including HMO, PPO, and High Deductible Health Plans with low-cost sharing.
  • Best-in-class 401K plan with no vesting period and up to 6% contribution matching.
  • Generous maternity and paternity leave policies.
  • Employee Resource Groups that foster community and support.
  • Paid Time Off (PTO) that includes inclusive holidays.
  • Career development opportunities through IMI's 'Catalyst' Program.
  • Employer contributions for Health Savings Accounts and access to free virtual telemedicine and teletherapy.
  • Mental health and wellness programs to support you and your family.
  • A comprehensive suite of voluntary benefits, including critical illness insurance, legal insurance, and more.
  • Short and long-term disability insurance, as well as basic life insurance at no cost to employees.
  • Access to free financial advisors and educational resources.
  • Annual Employee Stock Purchase Plan with options to purchase IMI shares at a reduced price.
Health & Safety Commitment

The physical demands outlined in the Key Responsibilities section are essential for performing the core functions of this position. Reasonable accommodations may be made for individuals with disabilities. Please reach out to your local HR representative for more information on specific work conditions and physical requirements.

At IMI, we are all dedicated to ensuring the health, safety, and welfare of ourselves, our colleagues, and the environment. Every employee is expected to adhere to all health, safety, and environmental procedures and to challenge any unsafe practices observed.

Code of Ethics

IMI upholds the highest standards of ethics in all business interactions, particularly with customers, suppliers, employees, and authorities. This commitment is aligned with the IMI Way: Our Code of Responsible Business.

IMI is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, or veteran status.

  • Plastic Parts Manufacturing Supervisor

    6 days ago

    Palmer, Massachusetts, United States W3Global Inc Full time

    Job OverviewW3Global Inc is a leading manufacturer of custom plastic parts, seeking a skilled Injection Molding Process Technician to join our team. As a key member of our production team, you will be responsible for directing the daily activities of our molding operators and ensuring the efficient operation of our injection molding machinery.Key...

  • Assembly Technician

    6 days ago

    Palmer, Massachusetts, United States IMI Precision Engineering Full time

    Job SummaryWe are seeking a skilled Assembly Technician to join our team at IMI Precision Engineering. As an Assembly Technician, you will be responsible for assembling, verifying, and testing technical assemblies, ensuring high-quality products that meet our customers' expectations.Key ResponsibilitiesUnderstand and interpret assembly drawings and bills of...

  • Assembly Technician

    2 days ago

    Palmer, Massachusetts, United States IMI plc Full time

    Job SummaryIMI plc is a leading organization in the motion and fluid control technologies sector, dedicated to creating a more sustainable world. We are seeking a skilled Assembly Technician to join our team in Palmer, MA.Key ResponsibilitiesAssemble, verify, and test technical assemblies, including component builds and fully integrated systems, under the...

  • Assembly Technician

    2 weeks ago

    Palmer, Massachusetts, United States IMI Precision Engineering Full time

    IMI plc IMI plc is a leading organization dedicated to providing innovative motion and fluid control technologies that contribute to a more sustainable future, enhancing the quality of life for our clients and communities while fulfilling our mission of Breakthrough Engineering for a Better World. The Life Technology platform concentrates on advancements...

  • Assembly Technician

    2 days ago

    Palmer, Massachusetts, United States IMI Precision Engineering Full time

    Job SummaryIMI Precision Engineering is seeking a skilled Assembly Technician to join our team. As an Assembly Technician, you will be responsible for assembling, verifying, and testing technical assemblies, ensuring high-quality products that meet our customers' expectations.Key ResponsibilitiesUnderstand and interpret assembly drawings and bills of...

  • Assembly Technician

    1 week ago

    Palmer, Massachusetts, United States IMI Precision Engineering Full time

    Company OverviewIMI plc is a sector-focused organization leading the way in delivering motion and fluid control technologies aimed at fostering a more sustainable world. Our mission is to enhance the quality of life for our customers and communities, ultimately fulfilling our purpose of Breakthrough Engineering for a Better World.Life Technology PlatformThis...

  • Cost Accountant

    1 month ago

    Palmer, United States IMI Precision Engineering Full time

    IMI plc We are a global specialist engineering company that creates breakthrough solutions. We are curious and like to solve problems, partnering with our customers to solve the demands of today and prepare for the challenges of tomorrow. We embrace innovation and care about outcomes that are good for business, everyday life and making a better world -...

  • Assembler

    1 month ago

    Palmer, United States IMI Precision Engineering Full time

    IMI plcIMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World.Life Technology platform is focused on technologies that...

  • Assembler

    1 week ago

    Palmer, United States IMI plc Full time

    Overview IMI plc IMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World. Life Technology platform is focused on...

  • Service Advisor

    3 months ago

    Palmer, United States Bertera Chevrolet Inc. Full time

    Job DescriptionJob DescriptionAutomotive Service Writer Advisor Job Duties:Ascertains automotive problems and services by listening to customer's description of symptoms; clarifying description of problems; conducting inspections; taking test drives; checking vehicle maintenance records; examining service schedules.Verifies warranty and service contract...

  • Assembler

    1 month ago

    Palmer, United States IMI Precision Engineering Full time

    IMI plc IMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World. Life Technology platform is focused on technologies...

  • Project Engineer

    3 months ago

    Palmer, United States Matanuska Electric Association, Inc. Full time

    Job DescriptionJob DescriptionPosition - StatusPROJECT ENGINEER - RFTWho can apply?MEA Employees & General PublicPosting DateMay 7, 2024Closing DateOpen Until FilledDepartmentEngineeringAnnually$102,980 Min DOEGrade12Union RepresentationN/A Hours of Work8AM-5PMWork LocationPalmer, AK PURPOSEThis position oversees the design and construction of transmission...

  • Quality Inspector

    2 days ago

    Palmer, United States IMI plc Full time

    Overview IMI plc IMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World. We help OEMs across life science and fluid...

  • Quality Inspector

    1 day ago

    Palmer, United States IMI Precision Engineering Full time

    IMI plc IMI plc is a sector focused organisation at the forefront of delivering motion and fluid control technologies that create a more sustainable world, improving the quality of life for our customers and communities and ultimately delivering our purpose of Breakthrough Engineering for a Better World. We help OEMs across life science and fluid control...

  • Experienced Service Technician/Auto Mechanic

    1 month ago

    Palmer, United States Swickard GMC of Palmer Full time

    _Veterans encouraged to apply__*\*\*Up to $10,000 sign-on bonus and $50/hour depending on experience\*\**_The Service Technician is a skilled professional responsible for diagnosing, troubleshooting, and repairing all types of automotive problems. You'll be the heart of the service department, using your technical expertise and problem-solving skills to...

  • Production Operations Supervisor

    2 weeks ago

    Palmer Lake, Colorado, United States Solmetex Inc Full time

    Job OverviewPosition Location: Onsite daily in Palmer Lake/Colorado Springs, CO.About UsThe Solmetex family of brands represents a comprehensive system of solutions aimed at managing water quality within dental practices. Our mission is to ensure safety and compliance through innovative technologies.Since our inception in 1999, we have pioneered the Hg5...

  • Production Supervisor

    1 month ago

    Palmer Lake, United States Solmetex Inc Full time

    Job DescriptionJob Description Position Location: Onsite daily in Palmer Lake/Colorado Springs, CO.Who We AreThe Solmetex family of brands represents a system of solutions to manage the water in, through, and out of the practice. Working together, these solutions maintain water quality, safety and compliance for the dental practice.In 1999, Solmetex designed...

  • Experienced Service Technician/Auto Mechanic

    1 month ago

    Palmer, AK, United States Swickard GMC of Palmer Full time

    _Veterans encouraged to apply__*\*\*Up to $10,000 sign-on bonus and $50/hour depending on experience\*\**_The Service Technician is a skilled professional responsible for diagnosing, troubleshooting, and repairing all types of automotive problems. You'll be the heart of the service department, using your technical expertise and problem-solving skills to...