Cost Analyst

• Develop and maintain detailed product cost models to support purchasing and supply chain teams.
• Perform should-cost analysis for parts, assemblies, and manufacturing processes to provide accurate cost insights.
• Assist the purchasing team in supporting supplier negotiations and sourcing decisions by providing detailed breakdowns.
• Benchmark costs against industry standards, market trends, and competitor data to ensure competitive pricing.
• Conduct TCO analysis to evaluate the complete lifecycle cost of goods and services, identifying areas for improvement.
• Evaluate supplier cost structures and identify potential cost reduction opportunities.
• Analyze raw material pricing trends and assess their impact on product costs.
• Estimate cycle times, labor content, machine rates, scrap, yield losses, and overhead absorption to optimize cost models.
• Support make-vs-buy decisions and participate in value engineering and value analysis (VE/VA) workshops to improve cost efficiency.
• Track and report cost-saving initiatives, ensuring alignment with financial targets.

Job Requirements

• Strong understanding of manufacturing processes such as machining, casting, molding, welding, chemical processing, and assembly, along with their cost drivers.
• Hands-on experience with material pricing, BOM (Bill of Materials) costing, and process-based costing.
• Proficiency in advanced Excel, Power Query, and other data analysis tools.
• Ability to interpret engineering drawings, specifications, and BOM structures.
• Bachelor's degree in mechanical engineering, industrial engineering, manufacturing engineering, or a related field.
• Experience in automotive, industrial, or electronics manufacturing industries is desirable.
• Exposure to lean manufacturing, Six Sigma methodologies, or cost optimization projects is a plus.
• Knowledge of global sourcing and commodity markets is beneficial.
• Certification in Cost Engineering, CMA, or equivalent is preferred.
• Familiarity with Power BI for reporting and visualization is advantageous.
• Familiarity with ERP systems and costing software is desirable.

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