Manufacturing Cost and Inventory Analyst

Mersen•Chesterfield, MO

3d•$80,000 - $115,000•Onsite

About The Position

The cost analyst is responsible for the coordination of the manufacturing accounting and product costing process. Includes target costing projects, margin analysis and new product / business initiatives. Must efficiently and accurately document and record data while reviewing and improving process flows. Acts as primary point of contact for issues relating to product costing, manufacturing accounting, and inventory control. Must have strong interpersonal and communication skills and ability to successfully interact with all levels of management, within and outside the company.

Requirements

Bachelor of Science Degree in Finance, Accounting or related field.
Must have a strong cost system background and have excellent analytical skills; sounds understanding of accounting principles.
Strong knowledge of Microsoft Office Products (Outlook, Excel, Word), JD Edwards experience highly desired
Experience with continuous improvement (such as Six Sigma or Lean)
Must be able to work with diverse teams across geographies.
The ability to work under minimal supervision in a team driven environment.
Ability to handle multiple tasks accurately and meet deadlines in a fast paced environment.
Ability to work onsite in Newburyport, MA

Nice To Haves

MBA preferred.

Responsibilities

Create and refine standard cost model for products, together with raw materials, direct labor, and manufacturing overhead.
Ensure adequate controls and reviews are in place for inventory and gross margin reporting, including: cost of goods sold, scrapped material, purchase price variances, standard cost changes, warranty reserve, excess & obsolete reserve, slow move inventory, inventory revaluation, monthly inventory reconciliations, manufacturing variances.
Review individual part costs to ensure they are current and accurately reflect manufacturing costs.
Review, analyze, and establish standard labor and overhead rates for products on an annual basis with plant controller.
Partner with management, pricing manager, and financial analyst to analyze monthly gross margins, by product.
Support engineering and operations in the development and tracking of cost mitigation and reduction programs.
Prepare cost estimates of new and/or special products to help determine selling prices and production forecast.
Work with engineering, document control and operations teams to ensure Bills of Materials and Routings are accurate.
Prepare product cost information for budget, forecast and long-term planning processes. Including profitability modeling and analysis.
Support capital activities, acting as a resource during the evaluation phase of PAC projects and lead the completion of post completion project audits as defined by the PAC.
Monitor the company’s cycle count programs. Ensure counts are being properly recorded and variances are investigated and resolved on a timely basis. Assist with preparation, performance and audit of physical inventories.
Process month – end journal entries applicable to the position and prepare related month-end reconciliations.
Drive compliance with company policy and procedures and internal controls.
Support both internal and external auditors during mid-year and annual audits.
Up to 10% travel to other business locations, as required
Other assigned duties