Financial Cost Modeling Analyst

Essential Functions And Responsibilities

• Develop, maintain, and enhance cost models to support pricing, quoting, forecasting, and strategic business decisions across product lines and customer programs.
• Serve as the primary product costing partner for assigned business units and cross-functional teams, providing financial analysis and cost guidance throughout the product lifecycle.
• Prepare and analyze RFQ business cases, including product launches, engineering changes, and customer quote revisions, ensuring accurate profitability assessments and timely completion of deliverables.
• Analyze cost structures, key cost drivers, and profitability metrics to identify risks, opportunities, and recommendations for cost optimization and margin improvement.
• Prepare customer cost breakdowns, pricing analyses, and financial support for customer negotiations, including evaluation of price changes, upfront payments, rebates, and commercial proposals.
• Track, monitor, and report cost assumptions, cost improvements, and program profitability to support informed decision-making and business performance objectives.
• Partner with Finance, Commercial, Purchasing, Engineering, and Operations teams to validate cost data, develop quoting methodologies, and ensure alignment on financial assumptions.
• Support budgeting, forecasting, rate development, and continuous improvement initiatives aimed at improving costing accuracy, reporting efficiency, and overall financial performance.
• Maintain, optimize, and continuously improve the organization's global product costing and calculation systems, methodologies, and databases to enhance efficiency and reporting capabilities.
• Maintain accurate costing documentation, assumptions, and historical cost data to support future quoting activities and business decisions.

Minimum Qualifications

• Bachelor’s Degree in Business, Engineering or closely related field.
• 1-3 years business related or Finance related experience.

Preferred Qualifications

• 3+ years of position related experience.
• Automotive industry experience.
• Engineering or Financial background.

Nice to Know

• Travel: ~1-2 times per year max.

Physical Demands/Work Environment

• While performing the duties of this job, the employee is regularly required to talk or hear.
• The employee is occasionally required to stand; walk; sit; and use hands.
• Specific vision abilities required by this job include close vision, distance vision, and ability to adjust focus.