Cost Analyst

The Shyft Group•Bristol, IN

19h•Onsite

About The Position

The Cost Analyst will be responsible for maintaining accurate system pricing for products, models, and options. This role involves analyzing product and project costs, including material, labor, and other cost drivers, to identify trends, variances, and opportunities for cost reduction. The analyst will develop and maintain cost estimates for new and existing products, models, options, and projects to support pricing and profitability decisions. A key part of the role is comparing estimated costs to actual production costs, investigating variances, and identifying the root causes of cost changes. The analyst will also evaluate the impact of changes in material and labor costs on product pricing, margins, and overall profitability, and identify waste, inefficiencies, and other opportunities to improve manufacturing costs and profitability. The position requires preparing detailed cost analysis and management reports, collaborating with cross-functional teams to validate costs, support pricing decisions, and evaluate financial impacts, and maintaining accurate documentation and records of cost analyses. The role may also involve conducting or assisting with audits of current and historical projects to validate costs and identify discrepancies or improvement opportunities.

Requirements

Bachelor’s degree in accounting, business, or a related field
5+ years of accounting or Bill of Materials-related experience in a manufacturing environment.
Sound understanding of accounting principles
Solid cost systems background
Meticulous attention to detail with superb organizational skills.
Ability to work under pressure and meet tight deadlines.
Excellent report-writing, communication, and IT skills

Responsibilities

Maintain accurate system pricing for products, models, and options.
Analyze product and project costs, including material, labor, and other cost drivers, to identify trends, variances, and opportunities for cost reduction.
Develop and maintain cost estimates for new and existing products, models, options, and projects to support pricing and profitability decisions.
Compare estimated costs to actual production costs, investigate variances, and identify the root causes of cost changes.
Evaluate the impact of changes in material and labor costs on product pricing, margins, and overall profitability.
Identify waste, inefficiencies, and other opportunities to improve manufacturing costs and profitability.
Prepare detailed cost analysis and management reports that summarize cost drivers, pricing impacts, profitability, and recommendations.
Collaborate with cross-functional teams to validate costs, support pricing decisions, and evaluate the financial impact of products and projects.
Maintain accurate documentation and records of cost analyses, assumptions, findings, and recommendations.
Conduct or assist with audits of current and historical projects to validate costs and identify discrepancies or improvement opportunities.