About The Position

The Product Costing Senior Analyst in Food North America performs complex cost accounting activities to inform business decision making. This role leads the costing process of a complex costing business, including monitoring and identifying deviation, guiding multiple areas to implement solutions and answering business requests. With minimal supervision, this role analyzes, develops, and reports on the costs associated with the production of goods or services within the organization to identify insights and enable the optimization of cost efficiency. This role also partners closely with cross-functional teams to ensure accurate cost allocation, process optimization, and implements cost-saving opportunities.

Requirements

  • Minimum of 4 years of relevant work experience.
  • Typically reflects 5 years or more of relevant experience.

Nice To Haves

  • Advanced experience with SAP, including Product Costing (CO-PC)
  • Experience designing dashboards and self-service reporting using Power BI, KNIME or other data analytical tools
  • Experience in manufacturing business

Responsibilities

  • Analyzes, reviews, and reconciles cost variances, comparing actual costs to budgeted costs and analyzing any variance to gain insights into the efficiency and effectiveness of cost management practices, find opportunities for improvement and inform decisions to control costs.
  • Reviews to ensure accurate cost accounting records to inform future costing analysis.
  • Collaborates with cross-functional teams to support complex cost control initiatives including pricing strategy development, profitability analysis, and cost optimization projects.
  • Reviews financial analysis and insights and shares the costing summary to enable strategic decision making, including pricing, product profitability, volumes, differences between standard and forecast, and make or buy decisions.
  • Provides complex analysis to prepare reports for internal partners, including analysis of direct and indirect costs to produce goods and services, inventory valuation, cost of goods and services sold, and variance analysis.
  • Leads implementing the budgeting and forecasting process, providing insights on cost assumptions, projections, and budget inputs into the system.

Benefits

  • Medical and/or other benefits dependent on the position offered and hours worked.
  • Minnesota Sick and Safe Leave accruals of one hour for every 30 worked, up to 48 hours per calendar year unless otherwise provided by law.
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