Sr. Cost Analyst

Come join us•Van Nuys, CA

About The Position

As a Senior Cost Analyst, you will evaluate product designs and recommend improvements to optimize production and cost efficiencies. You will produce internal cost estimates throughout the development process, review factory quotes, negotiate pricing with suppliers to secure cost advantages, and provide input to support vendor selection. The role also supervises and trains a junior analyst. WHY Brands Inc. is the parent company of Munchkin, Inc., a consumer lifestyle brand company. Munchkin develops products for children, mothers, and caregivers and sells through major retail partners, with distribution in more than 50 countries. The company highlights innovation, community involvement, sustainability, and animal conservation among its commitments. The company offers a comprehensive benefits package, competitive compensation, bonus and equity opportunities, employee development support, social events, half-day Fridays throughout the year, and annual weeklong global office closures. The salary range is $70,000–$120,000, depending on experience.

Requirements

Bachelor’s degree in industrial engineering, mathematics, or economics from a four-year college or university.
5–7 years of related experience, or an equivalent combination of education and experience.
Proficiency with Microsoft Office applications, including Excel, Word, PowerPoint, and Outlook.
At least 5 years of cumulative experience in cost estimation and/or cost benefit analysis.
Strong quantitative skills and demonstrated ability to apply analytical skills to problem solving.

Responsibilities

Review product cost breakdowns to confirm that materials, quantities, unit costs, and labor rates are correct.
Analyze vendor quotes for incorrect or inappropriate entities and negotiate corrections or improvements with vendors.
Prepare and report product financials to management and the development team.
Monitor material and labor cost trends and maintain core commodity costs for reference.
Guide Marketing and Design teams on margin attainment and expectations.
Manage assignment-project cost budgets and sourcing and costing activities to stay within planned budgets.
Keep management informed of significant issues or developments identified during the quoting process.
Interpret data quickly and evaluate potential issues at the appropriate level of review.
Mentor and develop staff to support effective performance across sourcing and costing processes.
Lead the annual cost adjustment process.
Perform other duties as assigned.