Strategic Cost Reduction Specialist
16 hours ago
Job Summary
Seaga is seeking a highly skilled Strategic Cost Reduction Specialist to join our team. In this role, you will be responsible for analyzing production and logistics costs to ensure efficient resource utilization and improve profitability.
About the Role
The ideal candidate will have 2-5 years of experience in cost analysis, cost accounting, or financial analysis, preferably in a manufacturing or production environment. A Bachelor's degree in Finance, Accounting, Economics, or a related field is required, with a CPA, CMA, or other relevant certification preferred.
Key Responsibilities
- Cost Analysis: Analyze production and operational costs, including labor, materials, and overhead, to identify inefficiencies and areas for cost improvement.
- Budgeting & Forecasting: Collaborate with department heads to prepare budgets, forecast future financial trends, and assist in setting cost objectives.
- Cost Allocation: Oversee the allocation of costs to different products, departments, or projects, ensuring accurate financial reporting and profitability analysis.
- Variance Analysis: Perform variance analysis between actual and budgeted costs and investigate discrepancies to provide recommendations for corrections.
- Reporting: Prepare detailed cost analysis reports, including cost breakdowns and trends, and present findings to management for strategic decision-making.
- Inventory Management: Work with operations leadership, plant management, and inventory control teams to report on inventory coverages, inventory trends, excess and obsolescence, and inventory accuracy.
- Process Improvement: Identify inefficiencies in production or operational processes and suggest improvements to reduce costs and enhance efficiency.
- Data Management: Maintain and update financial data in cost accounting systems, ensuring data accuracy and compliance with internal and external reporting requirements.
- Collaboration: Work cross-functionally with operations, procurement, and finance teams to gather relevant data and support continuous improvement initiatives.
Salary Estimate
$85,000 - $110,000 per annum, depending on experience.
Required Skills and Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- 2-5 years of experience in cost analysis, cost accounting, or financial analysis.
- Strong analytical skills, with attention to detail and the ability to analyze complex data.
- Excellent written and verbal communication skills, with the ability to present financial data clearly and effectively to non-financial stakeholders.
- Proficiency in financial analysis software, ERP systems, and Microsoft Excel (advanced knowledge).
About Seaga
Seaga is a leading [industry] company dedicated to delivering high-quality products and services. We are committed to fostering a culture of innovation, collaboration, and continuous improvement.
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