Costing Analyst

Key Responsibilities:

Cost Analysis and Forecasting:

• Review analysis and data collection on material, labor, and overhead costs for all major GCE locations. Support unit analysis and collection if necessary.
• Evaluate production processes and identify inefficiencies impacting cost.
• Review monthly manufacturing costs forecasts for units are in line with reality, planned actions and supporting long-term objectives and targets.

Budgeting and Standard Cost Review

• Collaborate with finance and production teams to review budgets and standard costs setting for all key manufacturing locations. If necessary, support budgets preparation.
• Ensure manufacturing costs targets are reflected in budget.
• Monitor cost variances and recommend corrective actions.

Reporting:

• Generate detailed reports on manufacturing costs, variances, and trends.
• Present cost analysis findings to management to inform strategic decisions.

Process Improvement:

• Identify cost-saving opportunities in production and supply chain processes.
• Propose and implement solutions to reduce waste and optimize resources.
• Support standard costing systems and processes within the organization.
• Ensure compliance with financial policies.
• Ensure manufacturing costs setting, collection and analysis is documented and used by entity controllers even if various information systems are used.

Cross-Functional Collaboration:

• Work closely with operations, finance, and procurement teams to align cost management strategies.
• Provide insights during new product development or process changes.
• Work closely with IT specialists

System and Tools Management:

• Use ERP systems, costing tools, and other financial software for data management and analysis.
• Maintain accurate cost data in the system for real-time decision-making.

Qualifications and Skills:

Educational Background:

• Bachelor’s degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field.

Master’s degree or professional certifications (e.g., CIMA, CMA ICWA)

Experience:

• Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry.
• Familiarity with manufacturing practices in at least 2 industries or regions.

Technical Skills:

• Proficiency in financial modeling and cost accounting principles.
• Experience with ERP systems (e.g., SAP, Oracle) and advanced Excel skills.

Analytical Abilities:

• Strong analytical mindset with attention to detail.
• Ability to interpret data and provide actionable insights.

Soft Skills:

• Effective communication and presentation skills.
• Strong organizational and time management abilities.
• Problem-solving mindset and a proactive approach.

Language Proficiency:

• Fluency in English is essential.
• Proficiency in other European languages is a plus.

Work Environment:

• Office-based with occasional travel to manufacturing sites.
• Interaction with cross-functional teams in diverse cultural settings.
• Fast-paced environment requiring adaptability and multitasking.

Key Performance Indicators (KPIs):

1. Accuracy of cost reports and variance analysis.
2. Identified and implemented cost-saving initiatives.
3. Timeliness and quality of budgeting and forecasting processes.
4. Effective collaboration with cross-functional teams.

Additional Notes:

• Candidates must demonstrate a solid understanding of manufacturing processes and financial principles.
• Familiarity with sustainable manufacturing practices and cost implications of environmental regulations is desirable.