Director of Costing

About the role

This role leads global sourcing and product costing strategies to achieve company financial goals, focusing on cost reduction, quality, and supply performance.

Responsibilities

• Create and execute strategies that align with the Company goals for reducing costs and meeting company financial expectations, while managing vendor relationships
• Oversee and direct product costing and sourcing activities to ensure all financial goals and objectives are met
• Lead global sourcing strategy to ensure the aggressive savings targets set up by the Company and business needs are being met
• Identify and manage global sourcing strategies to establish and implement a sourcing strategy focusing on cost, quality, and delivery
• Conduct industry analysis to provide proactive insight into sourcing strategy
• Initiate, direct and conduct all activities relating to negotiating, evaluating, selecting, and implementing preferred supplier contacts
• Represent the Company and negotiate contracts with global suppliers which include negotiating price, capacity, terms and conditions in support of those agreements
• Ensure supplier development and partnership; ensure that suppliers meet key requirements and obligations
• Provide overall direction for total system cost modeling and developing "should cost" estimates
• Identify and implement problem solving methods for cost control and improvement projects each year in partnership with factories
• Manage maintenance of a material cost library and implement tracking process for core commodity costs
• Manage Costing and Sourcing budget and budget setting process
• Mentor, train, and develop staff to facilitate effective performance across all phases of the sourcing and costing processes

Requirements

• Minimum of 15 plus years of costing and procurement experience in the consumer products industry with a BS degree in Engineering
• Demonstrated ability to think strategically
• Ability to articulate points of view with executive management and execute plans when directed
• Global Sourcing experience a plus
• Minimum 10 years supervisory experience
• Utilize project management skills to manage projects, develop project scopes, budgets, schedules, and communicate associated risks to peers and management
• Superior problem solving and interpersonal communication skills with a proven ability to be an extremely flexible team member that can meet deadlines and excel in a fast-paced, demanding environment
• Absolutely must have excellent time management skills and be able to work effectively with little management oversight
• 20% plus international travel required

Qualifications

Minimum of 15 plus years of costing and procurement experience in the consumer products industry with a BS degree in Engineering

Skills

• Strategic thinking
• Vendor relationship management
• Industry analysis
• Supplier negotiation
• Cost modeling
• Project management
• Problem solving
• Interpersonal communication
• Time management

Benefits

To learn more, visit us at www.munchkin.com. Munchkin welcomes and values what makes everyone unique. We're proud to be an equal opportunity and affirmative action employer. All hires for our team are based on qualifications, merit, and business needs. We recruit, employ, train, and promote regardless of race, color, religion, disability, sex, sexual orientation, gender identity, national origin, age, veteran status, genetic characteristic, or any other protected status.

Pay

$ 175,000 - $200,000

Schedule

Hybrid work environment with opportunities for half-day Fridays all year around and annual week-long global office closures