FP&A Senior Cost Analyst

PeopleSuite Talent Solutions - San Francisco, CA

Full-time - Mid Level

San Francisco, CA

About the position

The FP&A Senior Cost Analyst will play a crucial role in the finance team by analyzing supply chain data, identifying cost trends, and providing insights for cost optimization. This position requires a strong analytical mindset to support financial initiatives, including cost analysis, budget planning, and reporting, while collaborating with various stakeholders to ensure alignment on financial objectives.

Responsibilities

• Perform in-depth cost analysis by evaluating financial data, cost structures, and pricing models.
• Identify cost drivers, variances, and trends, offering recommendations for cost reduction and operational efficiency.
• Lead coordination efforts with co-manufacturing and procurement teams to ensure accuracy and updates to BOMs.
• Spearhead system implementations and initiatives to improve financial and supply chain processes.
• Collaborate with the supply chain team to develop and manage budget assumptions for cost of goods, transportation, and logistics.
• Prepare financial and cost reports, including variance analysis, to monitor performance against budgets and targets.
• Communicate key insights to management, highlighting risks and opportunities.
• Provide accurate cost estimates for new products, projects, or initiatives to assist in decision-making.
• Analyze financial risks, profitability, and potential returns to support investment evaluations.
• Work closely with cross-functional teams, including finance, operations, procurement, and senior management, to gather data and ensure alignment on cost analysis and reporting.
• Collect, analyze, and interpret data from co-manufacturing, warehousing, and logistics to identify trends and performance metrics.
• Generate regular reports and dashboards to track KPIs and cost savings, communicating insights to key stakeholders.
• Assess existing supply chain processes, systems, and procedures to identify areas for improvement.
• Diagnose and resolve invoice discrepancies across all co-packers.
• Conduct spend analysis for contract bids and price increases to ensure financial efficiency.
• Use production plans, demand forecasts, and upside files to determine necessary volume requirements.

Requirements

• Bachelors degree in Business Administration, Supply Chain Management, Operations Management, Industrial Engineering, or a related field.
• 4-7 years of experience in analytics, planning, supply chain, logistics, or procurement.
• Hands-on experience with supply chain or planning roles, preferably in an industrial setting.
• Strong analytical and problem-solving abilities.
• Proficiency in time management and multitasking in a fast-paced environment.
• Experience with SAP and familiarity with financial planning systems.
• Excellent verbal and written communication skills to interact with all levels of management, co-packers, and customers.
• Ability to lead meetings and coordinate across departments.
• Independent worker with minimal supervision required.