Cost Optimization Specialist
3 days ago
ESAB is seeking a highly skilled Cost Optimization Specialist to join our team.
About the RoleThis is an exciting opportunity for a seasoned professional with expertise in cost analysis, manufacturing finance, and data-driven decision making. As a Cost Optimization Specialist, you will play a critical role in driving business growth by optimizing costs, improving efficiency, and ensuring compliance with financial regulations.
Key Responsibilities- Conduct thorough cost analysis of material, labor, and overhead costs for all major ESAB locations, providing actionable insights to inform strategic decisions.
- Evaluate production processes, identify inefficiencies, and recommend cost-saving initiatives to drive business growth.
- Collaborate with cross-functional teams to review budgets and standard costs, ensuring alignment with company objectives and targets.
- Develop and implement cost-saving solutions, leveraging advanced Excel skills and proficiency in ERP systems such as SAP or Oracle.
To be successful 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.
- Familiarity with manufacturing practices in at least 2 industries or regions.
- Strong analytical mindset, attention to detail, and ability to interpret data to provide actionable insights.
- Effective communication and presentation skills, with the ability to collaborate with cross-functional teams.
We offer a competitive salary range of $80,000 - $110,000 per year, depending on experience, plus a comprehensive benefits package, including health insurance, retirement plan, and paid time off.
Work EnvironmentThis is an office-based role with occasional travel to manufacturing sites, requiring adaptability and multitasking in a fast-paced environment.
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