Inventory Cost Analyst

• Work closely with Supply Chain, R&D and Operations to ensure accurate Raw Material costs utilized in system, and that proper quantities are utilized in Bills of Materials.
• Work closely with cross-functional teams to ensure that proper adjustments are made to both costs and quantities if there are changes from suppliers or adjustments made by R&D. Monitor impact of changes on current inventories and roll costs if necessary.
• Work closely with R&D and Operations to ensure that Bills of Materials and Bills of Operations for all products, including components and Finished Goods contains accurate costs in terms of both labor and overhead. This will include collaboration with Operations on ensuring that labor hours and machine hours in the BOMs and BOOs are correct, and that any changes over time are captured. Monitor impact of changes on current inventories and roll costs if necessary.
• Collaborate with Operations and Sales to determine proper manufacturing quantities (EOQ) to be used to set standard costs for both components and finished goods so that there is a single agreed upon “version of the truth” within the business.
• Work closely with Accounting and Operations team to develop professional variance analysis tools to properly identify and investigate root causes of standard versus actual cost variances on shop orders, developing and implementing solutions to reduce or eliminate variances. One main area of variances to capture will be due to production runs differing from EOQ.
• Identify any purchase price variance that arises and collaborate with Supply Chain to adjust Raw Material standards if necessary.
• Gain high level of knowledge of transaction level flow through the ERP system, and collaborate with Accounting and Operations to identify and fix any issues with errant transactions, WIP balances that are off (i.e. debit balances), or other balances in financial statements that do not align properly.

• Perform regular analysis of gross margins on sales to identify outliers that could indicate issues with actual or standard costs in the system, or transaction level issues.
• Assist with cycle-count / physical inventory process
• Perform various special projects and cost analysis as required to support Operations, R&D, Supply Chain and Accounting departments
• Support and back-up the Accounting Team as needed

• Bachelor's degree in Accounting or related field

• Demonstrated strong understanding of inventory valuation methods and ability to reconcile and research inventory changes and variances.
• Demonstrated proficiency with Microsoft Excel
• Experience costing in a complex product environment a plus
• Excellent written and verbal communication skills with ability to influence and build relationships across all levels of the company.
• Experience with SAP a plus
• Demonstrated success working with and through cross-functional teams.

Staffing Solutions Enterprises