Financial Cost Analyst

Labconco Corporation•Kansas City, MO

8d•Onsite

About The Position

Labconco Corporation, a leading manufacturer of laboratory equipment with a 100-year legacy of innovation and quality, is seeking a driven and analytical Cost Analyst to support our growing operations. The Financial Cost Analyst leads cost accounting activities, including inventory valuation, standard costing, and manufacturing variance analysis, and supports financial planning and analysis processes such as budgeting and forecasting. As a self-starter, the Financial Analyst works cross-functionally across departments to develop financial models, analyze key cost drivers, and deliver actionable insights that drive operational decision-making and continuous improvement.

Requirements

Proficient in Microsoft Office software such as Word and Excel and Power Point skills.
Ability to analyze and interpret large sets of data.
Ability to effectively present information and respond to questions from groups of managers, clients, customers
Ability to analyze data and apply math and reasoning to problem-solving.
Ability to multitask and prioritize projects.
Bachelor’s degree in accounting, finance or related field
3+ Years of relevant finance and costing experience
Experience working with ERP and large datasets.

Nice To Haves

Previous experience in Cognos and Query are a plus.
Manufacturing experience is a plus.

Responsibilities

Maintain and update standard costs (materials, labor and overhead), as well as lead detailed variance analysis and communicate key drivers.
Oversee and optimize inventory accounting (e.g., inventory valuation, reserves, obsolescence, etc.); monitor and perform analysis on inventory levels, turns, and aging.
Oversee and support physical inventory counts and cycle count programs.
Partner with operations, supply chain, and procurement to understand product cost drivers; collaborate to develop opportunities for improvement (e.g., supplier change, make vs. buy, efficiencies, etc.).
Partner and work cross-functionally with business leaders to support the development of the Company’s annual budget, forecasts, and long-range plans; perform financial modeling, analyze key drivers, and provide insights to guide decision-making.
Perform financial analysis, including product pricing, cost, and margin analysis for existing products, as well as future product launches; support post-launch reviews to assess actual vs. expected performance.
Partner and work cross-functionally with subsidiary business unit leaders to support monthly financial reviews; analyze performance, identify key drivers and variances, and provide actionable insights to support decision-making.
Assist with pricing strategy, including detailed analysis and communication with business partners.
Introduce incremental improvements to key reporting to support the overall decision-making process of the business; ensure reporting capabilities evolve as business practices change and improve.
Work with IT and other departments to manage business data collection to ensure accuracy and integrity of data collected.
Performs other job duties as assigned by Sr. Financial Analyst or Finance Management.