Senior Analyst, Cost Job Description

Senior Analyst, Cost Job Description

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Senior analyst, cost provides technical support and consultation for all issues, inquiries, changes, and enhancements relating to financial accounting and financial reporting processes within SAP ECC and BW.

Senior Analyst, Cost Duties & Responsibilities

To write an effective senior analyst, cost job description, begin by listing detailed duties, responsibilities and expectations. We have included senior analyst, cost job description templates that you can modify and use.

Sample responsibilities for this position include:

Analysis and understanding of trading related vendors (brokers, exchanges, clearing houses, depositories, custodians, etc)
Assist in the development of a new cost accounting model for the business segment including implementation of a standard cost process and perpetual inventory system
Cost accounting activities include material usage analysis, maintaining standard costing system/process
Prepare monthly reporting metrics for presentation to upper management
Other special projects as deemed appropriate throughout year
Prepare and analyze monthly inventory general journal entries
Perform special projects and analysis as required
Assist in implementing a new product costing process and integrate financial reports
Assist Marketing to determine lowest possible cost on new products
Develop accurate cost objectives for all new product launches

Senior Analyst, Cost Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Senior Analyst, Cost

List any licenses or certifications required by the position: DAWIA, ICEAA, PMP, CPA, CMA, TBP, JKK, CPM, ICF

Education for Senior Analyst, Cost

Typically a job would require a certain level of education.

Employers hiring for the senior analyst, cost job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Management, English, Journalism, Communications, Political Science, Engineering, Economics

Skills for Senior Analyst, Cost

Desired skills for senior analyst, cost include:

SAP
Financial concepts and principles
Group’s structure and systems an advantage
BPC helpful
BW
Corporate Financial Manual and the ability to apply the correct policy to business issues
Data structure and reporting requirements
Financial statements and Programs available to retrieve information
Kroger Mechandising Processes
Spend

Desired experience for senior analyst, cost includes:

Lead the improvement in accuracy and timing of new product cost objectives
Develop analysis showing actual/projected units, sales, cost, and profit
Perform strategic planning involving cost impact on new product lines
Industry experience in consumer products or apparel strongly preferred
Ensure proper completion and authorization of all Capital Appropriation Requests in accordance with published policies
Assist in the development of all Costing Documentation and Reports, including Cost Analysis Requirements Descriptions (CARDs), Cost Estimating Baseline Documents (CEBDs), Basis of Estimates (BOEs)

Senior Analyst, Cost Examples

1

Senior Analyst, Cost Job Description

Job Description Example
Our company is growing rapidly and is looking for a senior analyst, cost. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior analyst, cost
  • Work with plant controller to track cost savings projects
  • Develop management reports for plants and corporate to support decision making
  • Support in preparing the annual budget and Long Range Plan (LRP)
  • Prepare balance sheet account reconciliations monthly and facilitate annual balance sheet review process
  • Support communication and implementation of Group Functions Finance (GFF) Sourcing & Profitability Management direction and strategy for the Global Sourcing organization
  • Support Finance strategy in line with GFF’s vision & ensure implementation of key initiatives
  • Support cross-divisional financial, costing, economic global trends knowledge and database for all key profitability drivers
  • Support the process to coordinate wage and social insurance forecast with costing, factories, SEA, and external sources to ensure one version of the truth
  • Calculate the seasonal costs forecasts and support communication to required parties
  • Create and publish the Macroeconomic Business Intelligence report
Qualifications for senior analyst, cost
  • Serve as primary interface with Group Treasury in the dissemination and explanation of FX rates and FX policy
  • Support the maintenance of end to end profitability models
  • Manage and execute Ad-hoc analysis on changes in FX rates, key materials, wages, and other key cost drivers
  • Support cross-functional collaboration of processes, systems & key initiatives across GFF Asia & Sourcing & Profitability Management
  • Strong financial information systems skills and high comfort level with extracting and combining data across multiple sources
  • Prepare and analyze weekly labor and overhead spending reports
2

Senior Analyst, Cost Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of senior analyst, cost. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for senior analyst, cost
  • Provide support during the external auditor quarterly reviews and annual audit
  • Forecast standard costs and anticipated variances quarterly and as needed
  • Work with manufacturing leaders to develop and maintain reporting
  • Improve the depth of use of ERP systems to eliminate double entry and ensure accurate and timely reporting of information
  • Annual budget development and ongoing budgetary control processes
  • Work effectively within a global organization
  • Contribute to improving efficiencies and performance providing quality financial information
  • Financial management of the local business Software operations, including forecasting and analysis to initiatives
  • Participating in projects that will facilitate and increase capacity for value-added financial analysis, process automation to continuously improve tools and outputs
  • Review product and process changes for costing affect
Qualifications for senior analyst, cost
  • Seven (7) years of experience in relevant career field (i.e., Cost Estimating, Integrated Program Management (IPM)/Earned Value Management (EVM), or Scheduling)
  • A Bachelor’s degree in a pertinent field is required as a minimum
  • Demonstrated analytical skill related to and experience in budget, finance, and cost analysis that reflects in-depth knowledge in cost analysis and estimating
  • Review current process and methodology for conformance to generally accepted principles, standards
  • Perform special study to improve tuition determination and reimbursable activity methods, resolve and implement study findings, assess or enhance internal controls, improve operating efficiency and effectiveness, make recommendations and advises on organization-wide system improvements, optimization or maintenance efforts
  • Recommend improvements and changes to existing processes and systems to increase the timeliness, reliability, and effectiveness of activity estimation and cost information
3

Senior Analyst, Cost Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of senior analyst, cost. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior analyst, cost
  • Develop annual manufacturing costs for respective business unit
  • Flash/LBE (Latest Best Estimate) preparation
  • Understand the Request for Proposal (RFP) to develop competitive pricing strategies
  • Develop and produce compliant cost & price proposals, including cost models and templates, formats and pricing rationale in accordance with customer instructions and company policies
  • Manage DCAA and/or customer audits and fact-finding reviews
  • Improve and maintain 5S in your area
  • Participate in Lean/Six Sigma activities in own work area events for other areas to enhance cross-functional problem solving
  • Solicit, receive and analyze supplier quotes to ensure reasonable price and compliance to Company design specifications
  • Roll up pricing and summarize for review and approval
  • In the materials proposal summary report, identify risk items such as those that exhibit delivery, technical, exception or obsolescence risks
Qualifications for senior analyst, cost
  • Advanced financial degree certification (MBA, MFE, CA/CPA/CFA) strongly preferred
  • Minimum 4-7 years of financial experience in a sizable organization
  • Explain analyses and defend pricing justifications in audits from customers, DCAA, Corporate or others
  • Actively support continuous improvement and Lean implementation through utilization of Lean principles in materials activities and participation in Lean/Six Sigma activities in own work area events for other areas to enhance cross-functional problem solving
  • Provide support to Commercial Finance Analysts to develop monthly, quarterly and full year COGS forecast
  • Lead any required mid-year standard cost estimate updates and ensure updates reflect latest cost results and assumptions crop team sourcing decisions to ensure accurate cost estimate update and rest of year forecast
4

Senior Analyst, Cost Job Description

Job Description Example
Our company is growing rapidly and is hiring for a senior analyst, cost. 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 senior analyst, cost
  • Demonstrable knowledge of ABC/ABM in the Financial Services industry with the capability of communicating in situation-relevant language
  • Supports the Corporate Planning and Forecasting department in the development, analysis, reporting and interpretation of Indirect Cost information
  • Remains knowledgeable about industry standard and best in class cost allocation methodologies and usage
  • Basis of Estimates (BOE) preparation to include collection and analysis of historical and analogous data
  • Responsible for monthly closing processes and accounting support for non-production areas
  • Work closely with global trade and compliance, as responsible for all intercompany intransits, movements and adjustments monthly (ie
  • Responsible for working closely with various functions and levels of leadership to ensure compliance with corporate policies and procedures for expense vs
  • Performs complex financial/administrative reporting for contracts and/or programs
  • Responsible for accurately forecasting the cost of future projects
  • Develop the cost information needed to make a bid for a contract or to determine if a proposed new product will be profitable
Qualifications for senior analyst, cost
  • Proactive, analytical and be able to adapt to a fast-paced, changing environment
  • Great interpersonal skills, able to develop and maintain strong working relationships across departments, functions and cultures within the internal organization external relationships with suppliers and financial institutions
  • University graduate with concentration in business, supply chain management or operations
  • Bachelor’s Degree in a relevant field from an accredited institution
  • Minimum of 5 years experience in manufacturing analysis or project lead
  • Must be able to function autonomously in a fast-paced, dynamic environment and be able to provide clear recommendations and feedback
5

Senior Analyst, Cost Job Description

Job Description Example
Our company is looking for a senior analyst, cost. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for senior analyst, cost
  • Gathers information on access to the site and availability of electricity, and other services, on surface topography and drainage
  • Determines the quantity of materials and labor the firm will need to furnish, completes standard estimating forms, filling in dimensions, number of units, and other information
  • Estimates the sub-contractor costs, allowances for the waste of materials, inclement weather, shipping delays, and other factors
  • Decides equipment needs, sequence of operations, crew size, and physical constraints at the site
  • Prepares a cost summary for the entire project, including the costs of labor, equipment, materials, subcontracts, overhead, taxes, insurance, markup, and any other costs that may affect the project
  • Estimates costs or tracks actual costs relative to bid specifications as the project develops
  • Monitor and report actual vs
  • Leads estimating activity of business considerations (exchange rates, international risks)
  • Driving business performance and continuous productivity improvements across the organisational areas for global G&A through focus on performance metrics and indicators in support of MOG strategy
  • Providing transparency around G&A cost drivers ensuring consistent categorisation, forecasting and reporting
Qualifications for senior analyst, cost
  • Strong organizational, time management, and interpersonal skills are required in order to manage project milestones
  • Experience with developing BCAs
  • Experience with developing CARDs
  • Requires a minimum of a Bachelor’s Degree in Accounting, Finance, Business or related field from an accredited college or university
  • BA/BS in Technical, Operations, Product Management or Finance
  • Master’s level preferred but not required

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