Product Costing Analyst

Job Details Job Location Green Circle Growers Inc - OBERLIN, OH Description POSITION OVERVIEW: The Product Costing Analyst is responsible for the gathering, analyzing, and evaluating of enterprise-wide costs associated with purchasing, producing, and assembling products within the company. The financial insights and recommendations provided by the product costing analyst play a crucial role in the decision-making processes related to pricing, production efficiency, cost optimization, and product mix strategy to achieve company financial metrics. JOB DUTIES: • COGS Analysis - Conduct analyses of product costs, including materials, labor, overhead, distribution, and other associated expenses • Variance Analysis - Conduct analyses between variations of standard projected costs and actual costs, working cross functionally to understand origin of discrepancies and jointly proposing corrective actions where necessary • Profitability Analysis - Evaluating profitability of individual products, product lines and customer programs, considering both direct costs and indirect expenses, and making recommendations for pricing adjustments or cost improvements to achieve financial targets • Cost Forecasting - Assist in the development of cost forecasts and budgets for new and existing products, providing accurate cost projections to support business planning activities • Costing Development - Assist in development of optimized costing targets through vendor pricing and product profitability analysis • Process Improvement - Collaborate cross-functionally to identify opportunities for cost reduction and process improvement throughout product lifecycle, from design and development to production and distribution • Data Management - Maintain accurate cost data and documentation, ensuring compliance with accounting principles and internally set control standards, processes, and best practices • Reporting - Prepare regular reports and presentations summarizing cost analysis findings, key financial metrics relevant to business, and recommendations for management review • Cost Modeling - Develop and maintain cost models to simulate different what-if scenarios, assessing the impact of various factors on product costs, profitability, and key financial metrics relevant to business • Ad Hoc Analysis - Perform ad hoc financial analyses and special projects, including periodic request for quote involvement, as requested by management, providing insights to support strategic decision-making • All other duties as assigned QUALIFICATIONS & Education Requirements: • Bachelor's degree in Finance, Accounting, Business Administration, or a related field or relevant experience • Proven experience in cost analysis, financial planning and analysis, or related roles within a manufacturing or product-oriented industry • Strong analytical skills with ability to interpret complex data, identify trends, and draw meaningful conclusions • Demonstrated agility in navigating through complex data with shifting product landscapes and being able to identify value drivers within product performance • Proficiency in financial modeling and Excel required • Experience with ERP systems and cost accounting software is preferred • Excellent communication and interpersonal skills, with the ability to collaborate effectively across functional teams and present comprehensive findings to stakeholders at all levels of the organization • Detail-oriented mindset with a focus on organization, accuracy, and precision in financial analysis and reporting • Proven ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment • Team player with a positive attitude, customer focus, and solution-oriented approach, balanced with being able to conduct work in an autonomous and collaborative environment • Occasional travel may be required PHYSICAL Environment & Requirements: • Climate controlled office or home office environment • Continuously requires vision, hearing, twisting, and talking • Frequently requires sitting, standing, fine dexterity, and handling • Occasionally requires walking, climbing stairs, lifting (up to 20lbs), carrying, reaching, kneeling, pushing/pulling, bending, and crouching • Rarely requires climbing Apply Job!