Costing Analyst Job Description
Costing analyst
provides assistance and training for colleagues in SAP, Excel, and other data and analytical applications.
Costing Analyst Duties & Responsibilities
To write an effective costing analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included costing analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Business Partner – Act as the primary liaison between Corporate Finance, the Product Creation teams, Corporate Manufacturing groups and international subsidiary management teams by establishing strong working relationships
Support the Costing Managers/Costing Team in ensuring availability of costing performance results for global Business Unit at each key milestone for quantitative assessment to facilitate product value/margin/FOB discussion with cross-functional teams, recommend tactical actions/adjustment in season
Provide costing support and consultation services to all lines of business performing Economic Studies Pricing, Product Management and Technology Development
Support the Costing Managers/Costing Team in ensuring availability of costing performance results for global business units at each key milestone for quantitative assessment to facilitate product value/margin/FOB discussion with cross-functional teams
Define the scope of a project in collaboration with Business Development, Legal, Product, and Demand Planning teams
Work with product owners and internal business units to define, troubleshoot, and prioritize requirements for new Initiatives and ongoing product management
Investigate, explain and address process discrepancies using data derived from our internal business intelligence sources
Create reports and graphs in Excel to show performance, status, problem histories
Support the Manager Costing & Director Costing in ensuring availability of costing performance results for global Business Unit at each key milestone for quantitative assessment to facilitate product value/margin/FOB discussion with cross-functional teams, recommend tactical actions/adjustment in season
Provides analysis to Category Teams and the Sourcing/Costing organization
Costing Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Costing Analyst
List any licenses or certifications required by the position: CPA, CISA, PMP, CMA, MBA, ITIL, APP, CPM, ISM
Education for Costing Analyst
Typically a job would require a certain level of education.
Employers hiring for the costing analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Business/Administration, Engineering, Education, Manufacturing, Mathematics, MBA
Skills for Costing Analyst
Desired skills for costing analyst include:
SAP
Microsoft Excel
Excel
Broadband and other growth technologies
Bell Canada’s data
Excel / SAP desirable
SAP product costing
Business
Background in forecasting and scheduling processes
Capital investment project control
Desired experience for costing analyst includes:
Requires excellent organizational skills and attention to detail
Mental ability required to manage interpersonal interactions of a complex and critical nature, develop and cultivate personal and professional relationships within and outside the company
Physical ability to use telephone, computer hardware/software including keyboard, type, sit for extended periods of time, make repetitive hand/wrist movements
Manage creation and delivery of periodic formal margin and other reports
Provide ongoing support to assigned development categories, ensuring understanding of cost drivers at model and category level, and identifying and eliminating any cost information gaps
Update PLM seasonal tables, Pre-Cost Access database tables and track tooling amortization
Costing Analyst Examples
1
Costing Analyst Job Description
Job Description Example
Our company is looking to fill the role of costing analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for costing analyst
- Applies mathematical formulas to calculate duty, freight, commission and overhead charges in the cost sheet based on company guidelines and charts
- Transfers, verifies & updates all material components, per unit prices, and usages to ensure that overall material cost per garment is properly captured in the cost sheet
- Updates Cost sheets based on changes via e-mail notification from Design and Development Team
- Creates cost reports with suggested retail price and related margin information within company deadlines
- Creates and publishes un-weighted and weighted margin reports
- Assists in the review of proto garments for construction or material savings and recommends alternatives
- Develops and establishes historical data to measure first cost accuracy to final standard costs on a seasonal, garment type basis
- Expense Planning & Analysis - Lead in the development and compilation of long-range financial plans, annual budgets and periodic forecasts for the Product Creation and Corporate Manufacturing organizations
- Divisional Profitability Reporting – Provide visibility to divisional contribution to overall company profitability
- Product Line Profitability, Reporting & Analysis – Create accessible profitability reporting
Qualifications for costing analyst
- Bachelor’s degree in Textiles Engineering, Apparel Merchandising, Engineering, or additional 2 years related equivalent experience
- Requires a strong working knowledge of apparel development and manufacturing, Materials analysis and textile processing, and associated costs
- Highly numerate with strong communication / interpersonal skills
- Fluent in spoken and written English requisite with Asia production country language skills a strong plus
- Minimum 5-8 years experience in progressively responsible roles performing financial analysis, budgeting, forecasting and reporting duties in a mid to large retail corporation
- Ability to prioritize tasks and activities, frequently with deadlines
2
Costing Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a costing analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for costing analyst
- Support in managing globally assigned cost drivers and in developing an E2E costing framework to enable saving opportunities and ensure cost optimization by creating a fact based and predictable costing environment
- Support in developing costing tools and in delivering training programs to Marketing, Design and Development to optimize product value and align target and cost and throughout the product creation process
- Support the definition and the monitoring of product costing performance and costing process performance at the key development stages
- Prepare and publish margin reports for both footwear and apparel at key calendar milestones
- Support in developing costing tools and in delivering training programs to Marketing, Design, Materials and Development to optimize product value and align target and cost throughout the product creation process
- Support the day to day costing consultant process within the creation teams
- Support development or enhancement of systems and processes to ensure costing requirements are met and to improve costing performance
- Support the sales teams in the request for proposal and bid process analytics
- Follow deals from start to finish and through budget creation to contract closure
- Review the project schedule with those that will be affected by the project activities and answer schedule impacting questions prior to bid due dates
Qualifications for costing analyst
- Ability to solve problems, operate independently and with discretion, and work effectively under pressure
- Learn about new products and services emerging technologies
- Knowledge of cost drivers and cost drivers management within a supplier and the entire supply chain
- Knowledge of production garment construction and manufacturing preferred but not required
- Four-year college or university degree or comparable education
- Minimum 1 year of work experience in garment/textile industry preferred but not required
3
Costing Analyst Job Description
Job Description Example
Our growing company is looking for a costing analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for costing analyst
- Prepare and deliver costing for various bids, and collaborate from internal teams needed costing support
- Support the negotiations, and the Bid To Contract sales process in several sales channels
- Facilitate inside sales activities, answers customer inquiries and coordinate with Internal departments to ensure commitments
- Provide direction to buyers and work closely with customer service on change orders, additions and cancellations affecting original contract
- Analyze data to problem solve and fix process issues, build reports, and generate analyses regarding areas for improvement
- Responsible for preparation of Sales and GM reports
- Responsible for Inventory Estimates
- Responsible for analysis of fabric liabilities
- Responsible for analysis of the markdown and issuing the ATS bi monthly
- Returns Analysis
Qualifications for costing analyst
- 3-4 years’ experience in Cost Accounting or Finance with emphasis on product costing
- Experience with consumer products industry with cosmetics industry preferred
- Further develop your economic/financial related skills
- IT skills (MS Office) and ability to quickly learn and use internal systems/software
- Knowledge of cost drivers and cost driver management within a supplier and the entire supply chain
- Knowledge of apparel and/or footwear development and production (preferred but not required)
4
Costing Analyst Job Description
Job Description Example
Our company is searching for experienced candidates for the position of costing analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for costing analyst
- Semi yearly analysis of new loads
- Month end estimates, preliminary budgets and final budgets
- Maintain Sarbanes Oxley compliance in regards to the responsibilities of this position
- Preliminary and Final Budget responsibilities
- Monthly Management Estimate responsibilities
- Support in developing costing tools and in delivering training programs to Marketing, Design and Development to optimize product value and align target and cost throughout the product creation process
- Analyzing and providing feedback with regards to various supplier / vendor prototype cost quotes and performing “what-if” scenarios as needed
- Responsible for month-end estimates, preliminary budgets and final budgets for Inventory, inventory reserves and related variances for the Heritage Sportswear divisions – both US and Canada
- Prepare and analyzes Returns Reserve for the Heritage Sportswear divisions
- Responsible for preparation of the markdown reserve
Qualifications for costing analyst
- 2+ years of experience managing Costing and Bid support for a large organization
- Bachelor degree in Industrial Engineering or equivalent work experience
- Experience in Solar, Construction, Power Plants
- Technical understanding of the ACS system
- Highlight issues and work through solutions independently to resolve by partnering with both inter and intra departmental associates
- High level of productivity and accuracy
5
Costing Analyst Job Description
Job Description Example
Our company is looking for a costing analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for costing analyst
- Assists with the training of users on Finance business systems
- Provides leadership on SAP ECC 6.0 solutions
- Responsible for preparation of monthly Sales and Gross Margin analysis
- Maintain accurate accruals for FOB, Freight, Duty, and Fabric
- Provide sales reporting for royalty payments for Bass License
- Responsible for analysis and publication of bi-monthly excess inventory report
- Ensure all related accounts for foreign currency divisions are valued correctly
- Support the Divisional Controller and VP of Finance
- Utilize knowledge of material costs and footwear construction to propose innovative solutions to improve cost and margin
- Provide and perform scenario analysis regarding materials, component, technology, productivity, to enable improved decision-making by product teams
Qualifications for costing analyst
- Ability to work independently and manage results
- Knowledge of production garment/footwear construction and manufacturing
- Minimum 2-3 years of work experience in apparel/footwear/textile industry
- High degree of proficiency with spreadsheets
- Position may require occasional international travel
- Must possess analytical skills which lead to decision-making and problem-solving