Costing Analyst

Overview

The Costing Analyst oversees development and management of product costs: material cost, conversion cost, manufacturing equipment requirements, labor requirements, cycle times, tooling and capital requirements for new business or changes to current business.

Core Responsibilities

• Develop quotations that will be submitted to OEM customers through business units
• Risks/opportunities with each quote
• Review complex bill of materials for reasonableness
• Review manufacturing assumptions for reasonableness
• Effectively communicate cost data to the organization
• Develop rates for manufacturing plants
• Analyze cost variance and financial metrics
• Support purchasing, negotiate prices with suppliers as required, and provide cost targets for purchased components
• Provide product cost reduction estimates as required
• Actively contribute to departmental initiatives/process improvements to enhance the overall department’s effectiveness
• Work on special projects, as needed

Basic Qualifications

• Bachelor's degree in Finance or Business or Operations or Engineering
• 1-3 years’ experience in Finance or Operations or Manufacturing or Engineering or Purchasing in the Automotive Industry
• Strong computer skills, i.e., Excel, Outlook and PowerPoint
• Self-motivated and eager to learn
• Interest in understanding both the financial and technical side of operations and manufacturing
• Demonstrated experience as a value-added team member
• Excellent problem-solving and analytical skills and strong attention to detail
• Able to work cross-functionally across the organization
• Occasional travel required

Preferred Qualifications

• Master’s degree in Business Administration
• Intern experience within the Automotive Industry
• Foreign language skills