Manufacturing Cost Analyst Position

1 week ago


Chennai, Tamil Nadu, India ESAB Full time

ESAB is seeking a highly skilled Manufacturing Cost Analyst to join our team in GCE locations. As a key member of our finance department, you will play a crucial role in analyzing and managing manufacturing costs to drive business growth and efficiency.

About the Role

This challenging and rewarding position involves reviewing analysis and data collection on material, labor, and overhead costs for all major GCE locations. You will work closely with our operations, finance, and procurement teams to align cost management strategies and provide insights during new product development or process changes.

You will also be responsible for generating detailed reports on manufacturing costs, variances, and trends, as well as presenting cost analysis findings to management to inform strategic decisions.

About You

To succeed in this role, you will need a Bachelor's degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field. Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry is essential. Familiarity with manufacturing practices in at least 2 industries or regions is a plus.

Technical skills include proficiency in financial modeling and cost accounting principles, experience with ERP systems (e.g., SAP, Oracle) and advanced Excel skills. Strong analytical abilities, effective communication and presentation skills, and strong organizational and time management abilities are also required.

Key Responsibilities
  • Review analysis and data collection on material, labor, and overhead costs for all major GCE locations.
  • Evaluate production processes and identify inefficiencies impacting cost.
  • Collaborate with finance and production teams to review budgets and standard costs setting for all key manufacturing locations.
  • Ensure manufacturing costs targets are reflected in budget.
  • Monitor cost variances and recommend corrective actions.
  • Generate detailed reports on manufacturing costs, variances, and trends.
Requirements
  • Bachelor's degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field.
  • 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 include proficiency in financial modeling and cost accounting principles, experience with ERP systems (e.g., SAP, Oracle) and advanced Excel skills.
  • Strong analytical abilities, effective communication and presentation skills, and strong organizational and time management abilities.
Salary and Benefits

The estimated salary for this position is $80,000 - 100,000 per year, depending on experience and qualifications. ESAB offers a comprehensive benefits package, including medical, dental, and vision insurance, as well as a 401(k) plan with company match.



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