About this role
Position Summary
The Costing Analyst is responsible for supporting the organization's cost accounting and financial analysis activities to ensure accurate product costing, inventory valuation, and manufacturing cost control. This position works closely with Operations, Planning, Finance, and Corporate teams to analyze cost performance, maintain standard costing accuracy, support forecasting activities, and identify opportunities for operational and financial improvements.
Key Responsibilities
- Support the Costing Manager in the preparation of the Annual Operating Plan (AOP), budget reviews, and monthly financial forecasts.
- Analyze manufacturing costs and provide financial insights to support business decision-making.
- Develop, maintain, and improve analytical reporting tools and financial models using spreadsheet and PC-based applications.
- Provide guidance and support to financial analysts and cost accountants regarding costing methodologies and reporting processes.
- Maintain and monitor standard costing accuracy for materials, labor, freight, and overhead expenses.
- Process and coordinate requests for standard cost changes with Corporate Finance.
- Review and validate Engineering Change Notices (ECNs), including Bill of Material (BOM) changes and rate calibrations.
- Perform variance analysis and assist in identifying root causes of standard versus actual cost differences.
- Conduct inventory cycle count audits and support inventory accuracy initiatives.
- Validate DMR (Disposition Material Review) transactions and physical scrap activities.
- Assist in reconciling inventory discrepancies and driving corrective actions.
- Ensure compliance with internal controls, corporate policies, and accounting standards related to inventory management.