Cost and Pricing Analyst

Actus Nutrition•Eden Prairie, MN

9h•$70,000

About The Position

At Actus Nutrition , our focus is to create high quality ingredients designed to optimize health and nutrition. We are passionate and dedicated people. Each day, we collectively explore new, innovative ways to enhance product performance and value through our broad human and animal nutrition portfolios. The human nutrition division focuses on industry leading whey and milk protein isolates, concentrates, and hydrolysates. The animal nutrition division is a leading supplier of functional fats, proteins and carbohydrates. Both divisions are backed by the speed, execution and passion it takes to exceed the expectation of our customers. We offer a comprehensive benefits package which includes medical, dental, vision and life insurance as well as a healthy 401(k) company match program. The Cost and Pricing Analyst will play a crucial role in organizing and improving data to support ongoing cost and pricing operations, particularly within our co-manufacturing business. They will collaborate closely with various teams including Procurement, Sales, and R&D to ensure accuracy and efficiency in pricing and cost management processes. They will also collaborate closely with Finance and Human Nutrition to ensure accurate protein ingredient costs.

Requirements

Bachelor's degree in finance, accounting, business administration, economics, or related field
1-3 years of experience in cost analysis, pricing, or related fields
Strong analytical skills with proficiency in excel or other data analysis tools
Detail oriented with excellent organizational and problem-solving abilities
Ability to communicate effectively and collaborate with cross-functional teams
Proactive attitude with a commitment to continuous learning and development

Responsibilities

Update descriptive and technical details on quarterly generic ingredient price lists and customer specific price lists both in and outside the company ERP system.
Collaborate with vendors and the procurement team to acquire updated product costs based on aging price quotes.
Audit listed ingredient freight values in cooperation with the purchasing department to ensure accuracy.
Regularly review product testing costs with the Quality team to ensure new products are being quoted appropriately.
Update new product Bills of Materials (BOM’s) with pricing and material cost data.
Conduct product costing analysis to remain competitive and profitable for new/special projects and R&D new formulations.
Collaborate with Sales Management on select cost troubleshooting and ad-hoc reporting requests to support strategic decision-making.
Update and maintain pricing and costing tools and processes including but not limited to finished good prices, customer specific ingredient pricing, toll rates, test costs and quarterly price lists.
Responsible for reviewing final price quotes and investigating and reporting costing errors. Document preventative measures and if significant errors are found, corrective actions.
Identify opportunities for process improvement within cost and pricing operations and propose solutions for enhanced efficiency and accuracy, and product margin.
Work with Finance to determine and report on present and future production variance data and protein true ups.
Work with Human Nutrition department to ensure protein shipments match quoted prices and volumes.
Analyze Red Zone run rate data together with quoted toll rates to understand and report on margin per hour of different skus as well as direct Sales team on recommended toll rate adjustments.
Report to Finance and Management margin profitability including the manufactured variance.
Adapt and respond to changing priorities and responsibilities as needed in a dynamic business environment.
Complete project-based tasks and requests.