Costing Analyst

4 weeks ago

Pune, Maharashtra, India Hasbro Full time

At Hasbro, we're seeking a highly skilled and experienced Costing Analyst to join our team. As a key member of our Costing team, you will play a crucial role in reviewing, negotiating, and finalizing product costs with suppliers in a timely manner.

Responsibilities:

  • To conduct vendor cost management activities at vendor end, identify cost reduction opportunities by enhancing product value.
  • To support the Hong Kong Far East (HFE) team in analyzing and completing cost in P2M for adaptation items.
  • To standardize cost models, develop cost parameters, and gather information.
  • To negotiate costs with toys manufacturing companies and material suppliers.
  • To update ex-factory costs for variations and adaptations in Hasbro costing systems (P2M/SAP) before first shipment to avoid revenue recognition risks and SOX non-compliances.
  • To update ACR, running change costs in P2M/PQS for adaptation items of leads for China and Vietnam vendors.
  • To update costing for Carry Forward items after Annual Cost Review negotiations as soon as possible to capture full potential of ACR savings.
  • To partner with Engineering and Sourcing on cost estimation and evaluation of new and carry forward items.
  • To create and maintain a database of key market factors to support ex-factory cost analysis and negotiation (regional labor rates, resin and commodity costs, standard components, etc.).

Qualifications & Skills:

  • Minimum of 6 years' experience in product costing, product engineering, industrial engineering, or procurement in manufacturing industry.
  • University graduate in Manufacturing, Industrial, Mechanical, Engineering, or equivalent.
  • Proficient in various PC applications (e.g. Microsoft Office, P2M, SAP) and preferable familiar with CAD and Pro E.
  • Knowledge and experience in continuous improvement approaches (e.g. Six Sigma, Lean manufacturing) and manufacturing processes is a definite advantage.
  • Knowledge of Excel VBA and Power BI would be an added value.
  • Energy & Passion: Boundless energy to get the job done. Eager to do the right things for Hasbro and not constrained by job description, function, departmental thinking.
  • Internal Impact: Builds and maintains a solid network and partners intensively with Hasbro colleagues.
  • External Impact: Able to influence respectfully manufacturing partners and material suppliers to get the best ex-factory costs for Hasbro.
  • Edge: Strong negotiator with desire to Play to Win.
  • Execution: Consistent, hands-on, and pragmatic performer, consistently deliver on goals and tackles any performance issue and proactive solve them.
  • Analytical Mindset: Must have analytical mindset and interest in current financial developments. Should be able to build learned forecast about the impact on the cost parameters like resin rates, labor rates, and others.

Hasbro is committed to equality of opportunity in all aspects of employment. We are committed to making all employment decisions without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, marital status, or any other legally protected status.

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