Senior Cost Analyst

MUELLER SPORTS MEDICINE INC•Town of Prairie du Sac, WI

4h•Onsite

About The Position

Support the finance and accounting functions through strategic cost planning, operational performance monitoring, and data-driven reporting. Analyze sourcing and other product and operational costs by focusing on the drivers of cost variances (standard and budget versus actual) and working closely with the Operations team to manage and report on overall costs versus expectations and track and drive cost reduction and financial efficiency initiatives. Develop and maintain cost accounting models, contribute to budgeting and forecasting processes, and be responsible for utilizing appropriate cost accounting for product development, sourcing, distribution, and inventory-related activities.

Requirements

Bachelor’s degree in accounting, finance, business administration, or other related field or an equivalent combination of education and experience sufficient to perform the position functions of the job.
Three or more years of cost or general ledger accounting, cost analysis or other related work experience.
Analytical and problem-solving skills, attention to detail, and the ability to balance multiple priorities.
Sound decision-making based on analysis, discussion, experience and judgment.
Demonstrated team player who actively participates in team decisions and business meetings
Ability to transition effectively from working independently to working collaboratively and is resourceful in handling multiple tasks and deadlines in an efficient manner
Expresses ideas and opinions in a professional and constructive manner at all organizational levels

Nice To Haves

Proficiency in Excel and a familiarity with financial modeling, forecasting, and budgeting
Experience with ERP systems like SAP

Responsibilities

Lead the development of annual product cost and operational cost center budgeting and periodic forecasting
Regularly analyze cost variances and investigate any material discrepancies to identify root causes, trends and other relevant insights and suggest potential improvements
Analyze and develop estimated costs for new products and the cost impact to design, materials, sourcing, and distribution changes on existing products
Partner with the Operations team by providing cost variance opportunities/risk analyses, and track and help deliver product cost and other operational saving initiatives
Update at least annually standard product costs and ensure accuracy of Bill of Materials
Analyze monthly purchase price variances, provide detailed root-cause analysis and assess impact on product cost standards
Identify cost savings opportunities and recommend appropriate changes to processes and policies to reduce costs and increase profitability
Support by active participation and costing analysis the monthly S&OP process
Continually seek opportunities to improve systems / processes for costing and reporting
Communicate and educate internal partners / management on relevant cost information
Support ad-hoc analysis and other special projects as needed
Assist in month and year-end financial closings by analyzing inventory and other operational expenses, and preparing appropriate GAAP accounting entries
Ensure adherence to GAAP cost accounting standards and financial regulations and prepare annual audit work papers and reconciliations as appropriate
Analyze and perform year end standard cost update and inventory revaluation Understand and maintain costs in ERP system to ensure accurate costing and adequately maintain cost accounting system / process documentation
Oversee inventory valuation and costing, as well as manage capital expenditure impacts
Support Operations team with periodic and annual physical inventory audits
Support processing of accounts payable for customs, freight and other supplier costs
Understand and comply with the Mueller Quality System and other current regulatory requirements.
Stay current with industry and technology changes that could impact operational costs
Responsible to appropriately protect the confidentiality, security, and integrity of the organization’s systems and financial data.