Cost Analyst

Responsible for preparing cost estimates submitted in response to Government & Commercial solicitations for new & recurring business, ensuring responsiveness, compliance, and auditability to the requirements of the Request for Quote (RFQ).

Responsibilities

• Interprets requirements per the RFQ, released Engineering drawings, engineering estimating data forms, and proposal drawings & sketches.
• Works with bill of material, delivery schedule, purchase order history, vendor quotes, manufacturing routers, and cost accounting reports in preparing cost estimates.
• Generates preliminary bills of material and internal quote requests as required.
• Initiates manufacturing engineering request forms for review of bill of material structures and routings as required.
• Maintains knowledge of current manufacturing methods, material costs, estimating techniques including the ability to estimate raw material, purchase parts and processes, tooling costs, machine, assembly & test hours.
• Interfaces with Marketing, Engineering, Manufacturing Engineering, and Purchasing in pursuit of design clarification, make/buy decisions, manufacturing methods, tooling requirements, etc. for new products.
• Maintains complete, accurate & documented records supporting the basis for each prepared cost estimate.
• Presents completed projects for management review.
• Prepares audit packages and supports fact-finding sessions as required.
• Audits cost estimating activities done outside the Estimating department.
• Provides standard cost data for new products as required.
• Reviews, analyzes & investigates variances to standard cost (Manufacturing, PPV, etc.) that may impact cost estimating assumptions.
• Generates and maintains desktop procedures as required.
• Performs other related duties as required.

Requirements

• Bachelor's degree in Accounting / Finance from a four-year college or university required.
• Two to five years of experience, with one year of experience in a manufacturing environment preferred; or equivalent combination of education and experience.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from managers and other employees.
• Ability to work with mathematical concepts such as probability and statistical inference.
• Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
• Ability to define problems, collect data, establish facts, and draw valid conclusions.
• Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

Skills

• Strong proficiency in using Microsoft Office software such as Excel, PowerPoint, and Word (Excel proficiency to include pivot tables, file linking & macros).
• Working knowledge of business systems applications such as MRP and ERP, and financial applications.
• Detail-oriented with a sound understanding of bills of material, routings, and standard cost elements.
• Mechanical aptitude.
• Strong organizational and communication skills.
• Strong written & verbal communication and collaborative skills.

Physical Demands

• Regularly required to use hands to work with personal computer and other standard office equipment.
• Regularly required to talk and hear.
• Frequently required to walk, sit, and reach with hands and arms.
• Occasionally required to stand.
• Occasionally required to lift and/or move up to 10 pounds.
• Specific vision abilities required include close vision, distance vision, and ability to adjust focus.

Work Environment

• Occasionally exposed to moving mechanical parts.
• Noise level in the work environment is usually moderate.