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Erie

    Cost Analyst - Erie, United States - Industrial Sales And Manufacturing

    Industrial Sales And Manufacturing
    Industrial Sales And Manufacturing Erie, United States

    3 weeks ago

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    Description

    Job Description

    Job DescriptionSalary: $ $25.00 p/h

    The Job Costing Analyst will be responsible for analyzing the costs associated with the production of metal component parts/products. This role involves working closely with the production, sales, estimating, and purchasing teams to ensure accurate cost allocation, identify cost-saving opportunities, and support financial decision-making processes. The ideal candidate will have a strong background in cost accounting, excellent analytical skills, and a keen eye for detail.


    Key Responsibilities:

    • Analyze job costs for manufacturing projects/parts and/or customer orders, to ensure accurate cost allocation and reporting.
    • Prepare detailed cost estimates for new and existing projects/parts/orders, including labor, materials, and overhead costs.
    • Monitor and report on job costs, variances, and profitability, providing insights to management for strategic decision-making.
    • Collaborate with production, sales, estimating and purchasing teams to gather and validate cost data.
    • Develop and maintain cost models and tools to support project budgeting and forecasting.
    • Identify cost-saving opportunities and recommend process improvements to enhance efficiency and profitability.
    • Conduct regular audits of job cost records to ensure compliance with company policies and accounting standards.
    • Analyze overall ongoing part costs of jobs completed to verify PNL levels and identify parts/processes for cost performance improvement projects
    • Identify and address consistently poor cost performing parts and facilitate cross functional team collaboration to provide cost effective solutions and recommendations for continuous improvements.
    • Keep detailed records for costing standards and update as necessary through ERP systems.
    • Work with other departments to keep zero price issues at a minimum and facilitate quick turnaround on order pricing issue resolution.
    • Design, implement, manage and monitor cost reporting systems.
    • Stay updated on industry trends, cost drivers, and best practices in job costing and cost management.

    Knowledge, Skills and Abilities:

    • Bachelor's degree in accounting, finance, business administration, or a related field. Equivalent experience in industry will be considered.
    • Minimum of 2 years of experience in cost accounting, job costing, or financial analysis in a manufacturing environment.
    • Strong understanding of cost accounting principles, job costing methodologies, and financial analysis techniques.
    • Proficiency in ERP systems and advanced Excel skills.
    • Excellent analytical, problem-solving, and organizational skills.
    • Attention to detail and a high level of accuracy in work.
    • Ability to work independently and as part of a team in a fast-paced environment.
    • Strong interpersonal skills and the ability to collaborate effectively with cross-functional teams.

    Preferred Qualifications:

    • CPA, CMA, or other relevant professional certification.
    • Knowledge of lean manufacturing principles and continuous improvement methodologies.
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