We are seeking a detail-oriented and analytical Product Cost Analyst to join our team. The ideal candidate will be responsible for analyzing and optimizing product costs, identifying cost-saving opportunities, and supporting decision-making processes related to product pricing and profitability.

• Analyze the cost components of our products, including materials, labor, overhead, and other associated expenses.
• Identify factors influencing product costs and conduct cost breakdowns to understand cost drivers and areas for improvement.
• Collaborate with cross-functional teams, including procurement, manufacturing, and engineering, to gather cost-related data and insights.

• Develop and maintain cost models to estimate the production costs of new and existing products.
• Conduct cost forecasts and scenario analyses to support strategic decision-making, pricing strategies, and product lifecycle management.
• Monitor actual costs against budgeted or projected costs and investigate variances to identify underlying causes.

• Identify opportunities to reduce product costs through process improvements, supplier negotiations, value engineering, and other cost-saving initiatives.
• Evaluate the financial impact of proposed changes or investments on product costs and profitability.
• Partner with stakeholders to implement cost-saving measures while maintaining product quality and customer satisfaction.

• Prepare regular reports and presentations on product costs, cost-saving initiatives, and cost trends for management review.
• Communicate findings and recommendations effectively to stakeholders at various levels of the organization.
• Provide insights and support for strategic decision-making related to product development, pricing, and profitability.

• Bachelor's degree in business, Economics, Engineering, or a related field. Advanced degree or relevant certifications are a plus.
• Years of experience in cost analysis, product costing, or related roles within a manufacturing or similar industry.
• Strong analytical skills with the ability to interpret complex data and identify actionable insights.
• Proficiency in financial modeling, cost estimation techniques, and Excel. Experience with ERP systems or cost analysis software is preferred.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and present findings to stakeholders.
• Proven ability to prioritize tasks, meet deadlines, and work independently in a dynamic environment.