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The Cost Analyst is responsible for analyzing Cost Accounting data such as purchases, inventory, and labor to determines the impact of these costs and identify potential inefficiencies. Analyzes financial status by collecting, monitoring, studying data and recommending actions.
Job Responsibility:
Analyzing Cost Accounting data such as purchases, inventory, and labor to determines the impact of these costs and identify potential inefficiencies
Analyzes financial status by collecting, monitoring, studying data and recommending actions
Requirements:
Plans, study and collects data to determine costs of business activity such as raw material purchases, inventory, and labor
Communicates results and variances to upper management with relevant information
Provide detail analysis on material upsets and variances compared to budgets
Prepare Standard Cost rolls every 6 months
update raw materials prices and develop new labor/overhead rates
Prepares and maintains various month end and quarter end reports and schedules with knowledge of results
Analyzes data obtained, identifies issues and records results
Retains past knowledge and uses it to assess future directives and forecasts
Analyzes actual manufacturing costs and prepares periodic report comparing standard costs to actual production costs
Analyze monthly COGS, sales and gross profit by location and major product groups
Ability to work with complex spreadsheets, identifying issues and verifying outputs
Provides management with reports specifying and comparing factors affecting prices and profitability of products or services
Coordinate cost changes of the intercompany prices with affiliates as necessary
Prepares budgets (capital, expense, revenue), reviewing budget proposals, and preparing necessary supporting documentation for all locations
consolidating and analyzing on a semiannual basis
Assists preparation of external audit documents
Work with production department to recommend cost efficiencies in new product layouts
Assists affiliated sites with costing issues
Be able to interpret BOMs and routings for all products
Guides cost analysis process by establishing and enforcing policies and procedures
providing trends and forecasts
explaining processes and techniques
recommending actions
Sound understanding of loaded hourly cost rates and absorption transactions
Maintains data base by entering, verifying, and backing up data
Prepares, analyzes, and explains quarterly inventory valuation results understanding the underlying factors
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