Cost Analyst - Senior

Cost Analyst - Senior

Description

Responsible for developing and conducting complex cost analyses to support management in making operating decisions. Determines the appropriate data to collect to provide the most insightful data to guide decision making.

Develops and conducts complex cost audits and cost analysis.

Supports complex Value Package Introduction and new product introduction projects.

Business partnering internal and external to operations.

Analyzes cost variances (IPV (Invoice Price Variance)/PPV (Purchase Price Variance)), determines root causes, and prepares recommendations and alternatives for improvements. Identifies data analysis needs, and works with appropriate departments to obtain the data on a regular basis.

Prepares analysis and drafts materials presenting strategic recommendations to be made to management.

Supports Supply Chain function for inventory management, conducting planning, forecasting, and reporting activities and preparing balance sheet reconciliations for valuation and inventory reserves.

Ensures inventory accounting is accurate and leads the physical inventory process (direct and indirect) from a finance perspective, verifies cycle counting process and verifies the inventory valuation process.

Supports standard setting and reactive cost process process (annual cost role up, defining reactive costs, etc.) .

Coaches less experienced Cost Analysts.

Qualifications

Skills

US Generally Accepted Accounting Principles - Evaluates US accounting standards to record transactions in compliance with requirements and company policies; assesses the accounting requirements and objectives to determine the implications on the business and communicate to stakeholders with varying financial knowledge.

Financial Reporting - Analyzes financial data by evaluating results and solutions to support business decisions; prepares and presents financial information by summarizing data to communicate results in compliance with regulations and stakeholder expectations; partners with stakeholders to drive financial performance that aligns to organizational goals and strategies.

Financial Internal Controls - Leverages internal control framework by assessing internal controls and developing remediation plans to mitigate financial reporting risks and respond to changing business needs.

Business Partnering - Collaborates with stakeholders and develops partnerships to drive performance that aligns to organizational goals and strategies; influences the organization by demonstrating knowledge of the business to provide guidance to support the decision making process and guiding the business towards positive results and organizational alignment; evaluates business environment using measures to mitigate risk and capitalize on opportunities.

Financial Planning and Forecasting - Utilizes financial forecast data to provide forward looking projections to facilitate decision making; partners with stakeholders to analyze trends and validate assumptions to provide a forecast that aligns to the organization's goals and strategies.

Financial Analysis - Interprets financial data by analyzing trends, variances, opportunities and risks to provide insight to stakeholders regarding financial impact to drive business improvement; evaluates financial results against targets to communicate conclusions to all stakeholders; ensures integrity of financial data by investigating variances and determining corrective actions to resolve identified issues.

Product Cost Management - Analyzes product costs and variances to ensure inventory is costed in compliance with accounting requirements; applies understanding of differences in fixed and variable costs to record inventory costs in compliance with company policies; evaluates product cost options by partnering with business to optimize current and future product costs; assesses inventory cost variances by reviewing estimates to improve integrity of results.

Product Costing - Establishes total material costs to ensure compliance with policies and completeness of the bill of materials; develops labor and overhead rates to ensure inventory costed in compliance with company policies; analyzes actual cost to understand variances to estimates to improve integrity of results.

Action oriented - Taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.

Collaborates - Building partnerships and working collaboratively with others to meet shared objectives.

Communicates effectively - Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.

Self-development - Actively seeking new ways to grow and be challenged using both formal and informal development channels.

Education, Licenses, Certifications

College, university, or equivalent degree in Accounting, Finance or related field required. Progress toward Certified Public Accountant, Certified Management Accountant, Chartered Accountant or similar certification preferred.

Experience

Intermediate level of relevant professional work experience in the field of study required.

Responsible for conducting cost analysis to support management in making operating decisions.

Runs monthly cost updates and/or prepares standard cost data including annual cost role up.

Runs Annual core processes for the reman turbos.

Analyzes cost variances (IPV (Invoice Price Variance/PPV (Purchase Price Variance) and monthly movements), investigates and determines root causes, and prepares recommendations and alternatives for improvements.

Interact with different areas of the plant.

Assists in the inventory valuation process.

Prepares presentation/material with cost variances, and absorption details.

Support and develops business cases for new/existing products and cost reduction projects.

Help to coordinate projects to improve yield metrics.

A few desired skills:

Teamwork

Business partner

Effective communication.

Job FINANCE

Primary Location United States-South Carolina-North Charleston-US, SC, North Charleston, Components

Job Type Experienced - Exempt / Office

Recruitment Job Type Exempt - Experienced

Job Posting Sep 4, 2023, 5:41:53 PM

Unposting Date Ongoing

Organization Corporate

Role Category Hybrid - Potential for Partial Remote

Req ID: 230008RD