Costing Manager

FIGS • Santa Monica, CA

22h • $100,000 - $130,000

About The Position

FIGS is seeking a highly analytical and commercially minded Costing Manager to own margin strategy and cost integrity across all CORE and Limited-Edition programs. This role will serve as the centralized cost authority for the Sourcing team by driving IMU optimization, validating vendor cost structures, and building scalable costing frameworks across categories.This individual will partner closely with Sourcing, Merchandising, Development, Planning, and Finance to improve margins through structured analysis, cost engineering, and strategic vendor decisions.

Requirements

• 7+ years of apparel costing, sourcing, or cost analysis experience.
• Strong background in bulk negotiations and vendor cost breakdown analysis.
• Demonstrated success improving IMU through structured cost strategy.
• Advanced Excel expertise (complex modeling, scenario analysis, forecasting).
• Deep understanding of BOM structures, fabric costing, yield, garment construction, and landed cost components.
• Experience partnering cross-functionally with Merchandising, Development, Sourcing, and Finance.
• Strong commercial judgment with the ability to influence senior stakeholders.
• Highly analytical, detail-oriented, and systems-driven.

Responsibilities

• Own margin analysis and IMU optimization across all product categories.
• Identify structural cost-saving opportunities across fabric, trims, labor, duty, freight, overhead, and COO.
• Develop scenario models to assess cost impact from fabric changes, construction shifts, MOQ adjustments, or vendor transitions.
• Partner with Merchandising and Finance to evaluate pricing strategy and margin trade-offs.
• Proactively drive IMU expansion through cost engineering, negotiation strategy, and vendor optimization.
• Establish and validate target costs in partnership with Development and Sourcing
• Lead and support bulk cost negotiations with data backed analysis.
• Audit and validate vendor cost breakdowns to ensure transparency and integrity.
• Standardize cost templates to enable comparability across vendors and regions.
• Analyze vendor cost performance trends to inform long-term sourcing strategy.
• Analyze BOMs to identify simplification and material optimization opportunities.
• Provide cost impact analysis for design, raw material, and construction changes.
• Evaluate landed cost variables - including freight, duty, tariffs, and COO shifts - to optimize total margin.
• Partner with Technical Design and Development to implement value-engineering solutions without compromising quality.
• Ensure alignment between negotiated costs, system costs, and financial reporting.
• Build advanced Excel models for margin tracking, forecasting, and benchmarking.
• Develop dashboards that provide leadership visibility into margin performance, risks, and opportunities.
• Establish best practices and governance to drive cost discipline across the organization.
• Create and update SOPs for cost management.
• Serve as the go-to cost expert across Sourcing, Merchandising, Planning, and Finance.
• Support annual margin planning and long-range financial forecasting with cost projections.
• Identify IMU risks early and recommend mitigation strategies.
• Influence decision-making through data-driven insights and commercial acumen.

Benefits

• Equity: FIGS provides a discount when purchasing FIGS stock voluntarily through our FIGS Employee Stock Purchase Plan
• Comprehensive benefits and perks package focused on your well-being, including premium medical, dental and vision coverage, and full access to wellness services through Breethe and Classpass. 100% FIGS-sponsored life insurance and disability insurance
• Amazing 401(k) program, with a company match up to the first 6% of your contribution
• Generous paid time off - We have 12 company holidays. For salaried team members, we offer flexible vacation. For our hourly team members, we offer up to 3 weeks of accrued vacation
• Meaningful time away for baby bonding, including parental leave, new parent care meals, and a transition back to work for primary caregivers
• FIGS sponsored Uber Eats voucher for in-office weeks
• Personalized discount code for 50% off all FIGS products, along with a separate code to share with family and friends to enjoy a 25% discount site-wide
• Access to FIGS Vet, Discounted Pet Daycare, Discounted Pet Insurance, and so much more…

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 101-250 employees