Costing and Financial Analyst for Manufacturing Excellence
7 days ago
About the Role
We are seeking a highly skilled Costing and Financial Analyst to join our team at ESAB. As a key member of our finance department, you will play a critical role in analyzing and optimizing manufacturing costs.
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.
Requirements
To be successful in this role, you will need:
- 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.
What We Offer
As a Costing and Financial Analyst at ESAB, you can expect:
- A competitive salary range of $80,000 - $110,000 per annum, depending on your experience.
- A dynamic and fast-paced work environment with opportunities for career growth and development.
- A comprehensive benefits package, including health insurance, retirement savings plan, and paid time off.
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