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Industrial Sales & Manufacturing
Erie, PA | Full Time
$64k-81k (estimate)
1 Month Ago
Cost Analyst
$64k-81k (estimate)
Full Time 1 Month Ago
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Industrial Sales & Manufacturing is Hiring a Cost Analyst Near Erie, PA

The Job Costing Analyst will be responsible for analyzing the costs associated with the production of metal component parts/products. This role involves working closely with the production, sales, estimating, and purchasing teams to ensure accurate cost allocation, identify cost-saving opportunities, and support financial decision-making processes. The ideal candidate will have a strong background in cost accounting, excellent analytical skills, and a keen eye for detail.

Key Responsibilities:

  • Analyze job costs for manufacturing projects/parts and/or customer orders, to ensure accurate cost allocation and reporting.
  • Prepare detailed cost estimates for new and existing projects/parts/orders, including labor, materials, and overhead costs.
  • Monitor and report on job costs, variances, and profitability, providing insights to management for strategic decision-making.
  • Collaborate with production, sales, estimating and purchasing teams to gather and validate cost data.
  • Develop and maintain cost models and tools to support project budgeting and forecasting.
  • Identify cost-saving opportunities and recommend process improvements to enhance efficiency and profitability.
  • Conduct regular audits of job cost records to ensure compliance with company policies and accounting standards.
  • Analyze overall ongoing part costs of jobs completed to verify PNL levels and identify parts/processes for cost performance improvement projects
  • Identify and address consistently poor cost performing parts and facilitate cross functional team collaboration to provide cost effective solutions and recommendations for continuous improvements.
  • Keep detailed records for costing standards and update as necessary through ERP systems.
  • Work with other departments to keep zero price issues at a minimum and facilitate quick turnaround on order pricing issue resolution.
  • Design, implement, manage and monitor cost reporting systems.
  • Stay updated on industry trends, cost drivers, and best practices in job costing and cost management.

Knowledge, Skills and Abilities:

  • Bachelor’s degree in accounting, finance, business administration, or a related field. Equivalent experience in industry will be considered.
  • Minimum of 2 years of experience in cost accounting, job costing, or financial analysis in a manufacturing environment.
  • Strong understanding of cost accounting principles, job costing methodologies, and financial analysis techniques.
  • Proficiency in ERP systems and advanced Excel skills.
  • Excellent analytical, problem-solving, and organizational skills.
  • Attention to detail and a high level of accuracy in work.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Strong interpersonal skills and the ability to collaborate effectively with cross-functional teams.

Preferred Qualifications:

  • CPA, CMA, or other relevant professional certification.
  • Knowledge of lean manufacturing principles and continuous improvement methodologies.

Job Summary

JOB TYPE

Full Time

SALARY

$64k-81k (estimate)

POST DATE

05/22/2024

EXPIRATION DATE

06/06/2024

WEBSITE

ismerie.com

HEADQUARTERS

ERIE, PA

SIZE

50 - 100

FOUNDED

1967

CEO

JAMES J RUTKOWSKI SR

REVENUE

$10M - $50M

Related Companies
About Industrial Sales & Manufacturing

Industrial Sales and Manufacturing, Inc. (ISM) is a premier manufacturer and supplier of quality machined, fabricated and assembled components for hundreds of valued customers including a number of Fortune 500 companies. Located in Erie, PA and family owned since 1967, the company has over 175 employees and 185,000 feet of manufacturing space in three facilities. ISM is a true one-stop shop with in house operations, expertise and flexible capacity tailored to fit the needs of specific market sectors. With a track record of performance and innovation, the company strives to deliver on our custo...mers needs on time, every time with the highest level of quality and customer service. The company is ISO-9000 certified and has experience working with all types of materials. Market Sectors Transportation (Automotive, Truck, Locomotive), Mining, Power Generation, Material Handling, Recreation (Golf, Turf), Medical Devices, Renewable Energy, Construction Equipment, Agricultural Equipment, Machine Repair and Governmental Sales. Operations - Welding, Milling, Punching, Cutting, Sawing, Bending, Forming, High-definition Plasma Burning, Painting, Powder Coating and ISO 4406 Millipore Inspection capabilities. Materials - CF and HF Steel, Alloy Steel, Stainless Steel, Brass, Copper, Aluminum and Finished-cast Products. More
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The following is the career advancement route for Cost Analyst positions, which can be used as a reference in future career path planning. As a Cost Analyst, it can be promoted into senior positions as a Cost Analyst III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Cost Analyst. You can explore the career advancement for a Cost Analyst below and select your interested title to get hiring information.