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Cost Analysis Specialist

2 months ago

Menlo Park, California, United States TEKsystems Full time

Position Overview:

We are in search of seasoned cost analysts who possess a strong background in financial analysis and cost management. The ideal candidates will have experience in developing should-cost models, a comprehensive understanding of PCB manufacturing processes, and the ability to conduct in-depth cost assessments. This role will focus on creating cost intelligence tools, performing Total Cost of Ownership (TCO) analyses, and supporting sourcing managers in strategic negotiations and design-related decision-making.

Key Responsibilities:

  • Develop Should-Cost Models for various products and components.
  • Create world-class cost intelligence models and tools to enhance hardware supply chain infrastructure.
  • Extract actionable insights and summarize trends through thorough cost data analysis and research.
  • Collaborate with sourcing managers and suppliers to compile datasets for comprehensive cost evaluations.
  • Establish benchmarking data related to costs, including historical, competitive, and market insights, while assessing the impact of design changes on supplier costs.
  • Utilize cost management methodologies such as target costing, lifecycle costing, and competitive bidding to validate and realize cost savings.
  • Facilitate cost-related design workshops and work closely with engineering teams to influence product costs during the early phases of new product introductions.
  • Identify and address cost data quality issues that arise during report and analysis development.
  • Assist in the preparation of quarterly business performance updates and manage status reports for stakeholders.
  • Effectively oversee projects to ensure the delivery of measurable results.

Performance Metrics:

Success in this role will be evaluated based on the completion of cost models, the timeliness and quality of deliverables, and feedback from cross-functional teams.

Essential Qualifications:

  • Minimum of 5 years of relevant experience.
  • Proven track record in building should-cost models for diverse products and services.
  • Expertise in conducting detailed cost analyses and identifying key insights.
  • Ability to create benchmarking data related to costs and understand the value drivers involved.
  • Strong analytical skills to interpret financial reports and technical data.
  • Proficient in documenting and managing customer/client information.
  • Exceptional leadership and mentoring abilities to provide constructive feedback.
  • In-depth knowledge of applicable purchasing laws and regulations.
  • Extensive experience in cost management practices.
  • Familiarity with Microsoft Word and Excel for reporting and analysis.

Preferred Qualifications:

  • Experience in developing dashboards or Excel models to support analytical needs.
  • Ability to collaborate with engineers to optimize designs for cost efficiency.

Educational Background:

A Bachelor's degree in Electronic Engineering or Finance is preferred.

Skills:

Expertise in PCB manufacturing, cost analysis, financial analysis, and electronic engineering.

About TEKsystems:

As a leader in transformation, TEKsystems partners with clients to activate innovative ideas and solutions, leveraging a workforce of 80,000 professionals across North America, Europe, and Asia. We collaborate with over 6,000 clients, including a significant portion of the Fortune 500, to drive meaningful change in the technology services and talent sectors. TEKsystems is an equal opportunity employer, committed to diversity and inclusion in the workplace.