Product Costing Coordinator

MIDAS CHAIN INC•Northvale, NJ

3d•$55,000 - $65,000

About The Position

The Product Costing Coordinator ensures accurate and timely cost analysis for products in the wholesale trade sector. The role gathers, analyzes, and maintains detailed cost data to support pricing strategies and collaborates with cross-functional teams to validate cost inputs. By keeping product costing records precise and up to date, the coordinator supports profitability, competitive positioning, and informed decision-making.

Requirements

Bachelor’s degree in accounting, finance, business administration, or a related field.
At least 2 years of experience in product costing, cost analysis, or a related financial role.
Advanced demonstrated proficiency in Microsoft Excel and experience with ERP or costing software systems; SAP is a plus.
Strong analytical and numerical skills, with attention to detail.
Excellent written and verbal communication skills.

Nice To Haves

Experience in the wholesale trade industry or a similar supply chain environment; fine jewelry industry experience is a plus.
Knowledge of Lean or Six Sigma methodologies related to cost reduction.
Certification in Cost Accounting or related professional credentials.

Responsibilities

Collect and analyze cost data for raw materials, labor, overhead, and logistics to determine accurate product costs.
Set up new items, including finished goods and raw materials, in response to customer requests or changes to current products.
Coordinate with merchandising and production teams on new specifications and changes, and ensure setup updates are completed.
Maintain and update the product costing database in SAP to reflect supplier pricing, production process, and market changes.
Maintain bills of materials for current products as prices and production locations change.
Collaborate with procurement and production teams to verify cost inputs and resolve discrepancies.
Ensure standard costs for established items are correct.
Prepare detailed cost reports and summaries for management review to support pricing and budgeting decisions.
Assist in developing and implementing cost-control measures and continuous improvement initiatives.
Communicate with cross-functional teams to maintain alignment on cost-related matters and project updates.
Back up Ecommerce Specialist and purchasing functions as needed.
Perform other duties as assigned.