Senior Cost Analyst – Supply Chain Finance
The Senior Cost Analyst plays a critical role in supporting the Controllership function within Supply Chain Operations by delivering accurate financial reporting, maintaining standard cost integrity, and providing actionable insights to operational leaders. This position is responsible for ensuring the accuracy of inventory valuation and levels, the integrity of item masters and BOMs, and effective support of Procurement, Manufacturing, and Logistics processes.
In addition, the role manages Fixed Asset Accounting, including asset tracking, depreciation, and compliance with accounting standards. The Senior Cost Analyst serves as a trusted business partner across Finance, Supply Chain, and Commercial functions, establishing credibility through accurate data, strong reporting, and collaborative relationships.
Key Responsibilities
Performance Reporting & Controllership
- Oversee and continuously improve daily, weekly, and monthly performance reports to support operational objectives.
- Monitor and support inventory control efforts, including cycle counts and physical inventory reconciliations.
- Lead cycle count reporting and 3PL reconciliation efforts alongside the Inventory Control Manager.
- Develop new reporting tools in collaboration with IT to meet evolving business needs.
- Prepare journal entries, reconciliations, and analyses to ensure accurate balance sheet and P&L reporting.
- Partner with Operations to drive performance through shared metrics and active participation in cross-functional meetings.
- Support weekly performance reviews across Procurement, Manufacturing, and Logistics.
- Adhere to the financial close calendar to ensure timely and accurate reporting.
Standard Cost Management
- Maintain and ensure alignment of standard costs with planning assumptions for meaningful variance analysis.
- Manage integrity of item masters and BOMs; oversee change control processes.
- Ensure transactional accuracy in purchase orders, work orders, and labor reporting.
- Support new product BOM development with consistent costing practices.
- Collaborate with R&D, Procurement, Sales, and Finance to align cost assumptions for new and existing products.
- Manage and enhance the labor and overhead standard cost model; act as SME for the business.
Master Data Governance
- Serve as the primary owner of all Master Data changes and updates.
- Maintain clear SOPs for Master Data management and continuously improve related processes.
- Ensure accurate creation and maintenance of item master data.
Fixed Asset Management
- Maintain accurate fixed asset records, including acquisitions, disposals, transfers, and depreciation.
- Record and track asset progress and ensure proper capitalization.
- Process asset retirements and post associated journal entries.
- Ensure compliance with internal controls and accounting standards.
Qualifications
- Bachelor’s degree in Accounting or related field; strong understanding of GAAP and cost accounting principles.
- 3+ years of experience in cost accounting within a manufacturing environment.
- Proven ability to prepare detailed financial reports across varying timeframes (daily to annual).
- Strong analytical and systems skills, with attention to detail.
- Effective cross-functional collaboration and communication skills.
- Proficiency in Microsoft Excel, Word, and Outlook.
- ERP system experience preferred.
- Strong organizational skills and the ability to manage multiple priorities.