Senior Cost Analyst

Position Functions

• Lead the development of annual product cost and operational cost center budgeting and periodic forecasting
• Regularly analyze cost variances and investigate any material discrepancies to identify root causes, trends and other relevant insights and suggest potential improvements
• Analyze and develop estimated costs for new products and the cost impact to design, materials, sourcing, and distribution changes on existing products
• Partner with the Operations team by providing cost variance opportunities/risk analyses, and track and help deliver product cost and other operational saving initiatives
• Update at least annually standard product costs and ensure accuracy of Bill of Materials
• Analyze monthly purchase price variances, provide detailed root-cause analysis and assess impact on product cost standards
• Identify cost savings opportunities and recommend appropriate changes to processes and policies to reduce costs and increase profitability
• Support by active participation and costing analysis the monthly S&OP process
• Continually seek opportunities to improve systems / processes for costing and reporting
• Communicate and educate internal partners / management on relevant cost information
• Support ad-hoc analysis and other special projects as needed

Cost Accounting and Systems

• Assist in month and year-end financial closings by analyzing inventory and other operational expenses, and preparing appropriate GAAP accounting entries
• Ensure adherence to GAAP cost accounting standards and financial regulations and prepare annual audit work papers and reconciliations as appropriate
• Analyze and perform year end standard cost update and inventory revaluation
• Understand and maintain costs in ERP system to ensure accurate costing and adequately maintain cost accounting system / process documentation
• Support Operations team with periodic and annual physical inventory audits
• Support processing of accounts payable for customs, freight and other supplier costs

Administrative

• Understand and comply with the Mueller Quality System and other current regulatory requirements
• Stay current with industry and technology changes that could impact operational costs