Cost Analyst

Full Time
Westborough, MA 01581
Posted
Job description

Position Summary

This role will be responsible for the analyzing and producing various results based on data derived from company costs. This role is eligible for a hybrid schedule of 3 days in-office, 2 days work-from-home.

Job Duties/Responsibilities

  • Support the leadership team to interpret financial data to track against financial objectives
  • Partner with the broader Finance and business organization to build robust reporting tools
  • Execute and analyze product costing
  • Support sourcing decision by creating financial analysis for total landed cost vs in-house manufacturing
  • Assist with new product business case preparation
  • Prepare and analyze monthly costing reports by department and category
  • Approve and assist with costing on new and existing products
  • Review, update, and maintain activity rates
  • Review company allocations
  • Identify BOM and manufacturing routings and recommend adjustments
  • Analyze material, labor, and other expenses and provide proactive recommendations based on this analysis
  • Assist Product Management with profitability analysis by product, Mfg. Location & Customer
  • Compare monthly actual results to budget and projections
  • Audit and analyze inventory to understand and support the remedy of inventory valuation deviations
  • Develop compelling dashboards and data visualizations to improve understanding of key business metrics

Experience Required

  • Bachelor's degree in Information Systems, Data Science, Finance, Accounting, or similar
  • 6+ years of hands-on experience in financial management and operations function in a manufacturing environment
  • Demonstrates a thorough level of knowledge in cost accounting methods, including activity-based costing, unit costing, standard costing methods with variances, and residual analysis
  • Demonstrates a thorough level of experience in cost study design and oversight, including the use and maintenance of standard cost frameworks for the integration of cost studies with existing model methodologies
  • Proven record of success in running and updating cost modeling systems (data, hierarchy, rules, etc.); supporting Standard and Forecast unit costs, variance reporting, cost maintenance, operational metrics, and scorecards
  • Broad range of capabilities, including being an executor who can communicate problems and their solutions
  • Ability to take high-level strategic perspectives while not being afraid to delve into the details of specific analyses
  • Ability to interact with and influence people at all levels of an organization
  • High degree of financial and analytical process leadership and business acumen
  • Excellent financial modeling and analytical skills for budgeting & forecasting, combined with strong attention to detail
  • Ability to present complex information in a usable format to a diverse audience
  • Experience establishing, implementing, and adhering to cost and process improvement initiatives within a high-growth environment

Job Type: Full-time

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Paid time off
  • Vision insurance

Schedule:

  • Monday to Friday

Application Question(s):

  • Do you have prior experience with cost analysis? Including familiarity activity-based costing, unit costing, standard costing methods with variances, and residual analysis.
  • What is your yearly salary requirement for this position?

Work Location: Hybrid remote in Westborough, MA 01581

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