Cost Analyst

Job DescriptionPrimary Function of Position: The Cost Analyst is responsible for analyzing and controlling the costs associated with the company's operations. This role involves detailed financial analysis, budgeting, forecasting, and reporting to ensure cost efficiency and financial health of the organization.
Roles & Responsibilities: Cost Analysis:Conduct thorough analysis of material, labor, and overhead costs.Evaluate cost structures and identify areas for cost reduction.Determine cost of operations by establishing standard costs and collecting operational data.Budgeting and Forecasting (Mfg. Variances):Assist in the preparation of annual budgets and financial forecasts.Monitor actual spending against budget and forecast, providing variance analysis.Reporting:Prepare and present detailed cost reports and financial statements.Develop and maintain cost databases and financial models.Improve financial status by analyzing results, monitoring variances, identifying trends, and recommending actions to management.Monitor plant performance by developing and reporting key financial metrics.Collaboration:Work closely with various departments to gather data and ensure accurate cost allocation.Support cross-functional teams in cost-related projects and initiatives.Support key transversal projects around general process improvement, reporting tools, and cost efficiency.Compliance:Ensure compliance with financial regulations and company policies.Maintain accurate and up-to-date financial records.Assist in inventory control with physical inventories, monitoring cycle counts, and providing inventory management reporting.
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