Manufacturing Cost Analyst
About the role
The Manufacturing Cost Analyst is responsible for analyzing, monitoring, and controlling manufacturing costs to improve profitability and operational efficiency. This role partners with operations, supply chain, and finance teams to ensure accurate cost reporting, identify cost reduction opportunities, and support strategic decision-making.
Responsibilities
- Analyze product costs, including materials, labor, and overhead.
- Maintain and update standard costs in ERP systems.
- Perform variance analysis (material, labor, overhead) and provide actionable insights.
- Support monthly closing activities, including inventory valuation and cost reporting.
- Partner with production and engineering teams to evaluate cost impacts of process changes.
- Develop and monitor KPIs related to manufacturing efficiency and cost performance.
- Identify cost-saving opportunities and support continuous improvement initiatives.
- Assist in budgeting, forecasting, and financial planning related to manufacturing operations.
- Conduct profitability analysis by product line, customer, or plant.
- Ensure compliance with internal controls and accounting standards.
Qualifications
- Analyze product costs, including materials, labor, and overhead.
- Maintain and update standard costs in ERP systems.
- Perform variance analysis (material, labor, overhead) and provide actionable insights.
- Support monthly closing activities, including inventory valuation and cost reporting.
- Partner with production and engineering teams to evaluate cost impacts of process changes.
- Develop and monitor KPIs related to manufacturing efficiency and cost performance.
- Identify cost-saving opportunities and support continuous improvement initiatives.
- Assist in budgeting, forecasting, and financial planning related to manufacturing operations.
- Conduct profitability analysis by product line, customer, or plant.
- Ensure compliance with internal controls and accounting standards.
Preferred Skills
- Experience in lean manufacturing or continuous improvement environments.
- Knowledge of inventory management and supply chain processes.
- Familiarity with cost modeling and pricing strategies.
Key Competencies
- Financial analysis and modeling.
- Attention to detail.
- Business partnering.
- Process improvement mindset.
- Data-driven decision making.
Personal Skills
- Ability to interface with various personnel at different levels of skills, knowledge, and experience.
- The ability to speak and write clearly on technical subjects to individuals and groups.
- Demonstrated ability to work with external parties, including vendors, to develop specifications, schedules, and acceptance criteria.
- Problem-solving expertise and good organizational skills.
Benefits
We Offer At HBK, we believe in freedom with responsibility, enabling a healthy work-life balance and continuous professional development. You will join an international team in an innovative and enjoyable working environment. We live up to our three values: Be True, Own It and Aim High. We believe in absolute integrity – it’s how we win for stakeholders, the environment and each other. We believe in teamwork and keeping our promises – to ourselves and others. Finally, we believe in being bold and positive. This is how we perform at our best and achieve greater success.
About HBK
On January 1, 2019, Brüel & Kjær and HBM merged to form HBK (Hottinger Brüel & Kjær). With over 3,500 employees worldwide, production facilities in Denmark, Germany, the UK, the USA, China, and Portugal, and a presence in 80 countries, HBK is a global leader in test and measurement solutions.
Pay
The pay range for this position is $70,304 to $75,000 annually plus 10% bonus. Please note that the pay range provided is a good-faith estimate for the position at the time of posting. Actual compensation will be dependent on factors, including but not limited to the individual's qualifications, experience, knowledge, skills, and abilities, as well as physical work location within the state.