Cost Analyst

Description

We are looking for a talented Cost Analyst to join our team specializing in Finance for our Cummins Inc. facility in Fridley, MN.

In this role, you will make an impact in the following ways:

• Enable Smarter Decision-Making By providing accurate and timely cost data, you'll empower management to make informed operational and strategic decisions.
• Drive Cost Efficiency Your analysis of cost variances (like IPV and PPV) will help identify inefficiencies and areas for cost savings, directly influencing profitability.
• Ensure Data Integrity Maintaining the cost master and updating standard costs ensures consistency and reliability in financial reporting and planning.
• Support Product Lifecycle Management Creating and maintaining costing for new items helps ensure accurate pricing and margin analysis from product launch onward.
• Improve Financial Transparency Conducting cost audits and variance analysis will uncover hidden issues and provide clarity on cost drivers across departments.
• Enhance Inventory Valuation Accuracy Your involvement in inventory valuation ensures that financial statements reflect true inventory costs, supporting compliance and audit readiness.
• Facilitate Cross-Functional Collaboration By identifying data needs and working with other departments, you'll foster collaboration and streamline data flows for better analysis.
• Strengthen Strategic Presentations Preparing analysis and presentation materials for leadership helps translate complex data into actionable insights, influencing high-level decisions.
  
  

Responsibilities

To be successful in this role, you will need the following:

• Strong Financial Acumen You'll need a solid foundation in financial analysis, product costing, and US GAAP to interpret data accurately, assess variances, and ensure compliance in reporting and inventory valuation.
• Effective Communication Skills Success depends on your ability to tailor communications to different audiences—whether you're presenting cost insights to leadership or collaborating with cross-functional teams.
• Collaborative Mindset Building partnerships across departments is essential for gathering data, aligning on cost strategies, and driving improvements that support broader business goals.
• Stakeholder Awareness Balancing the needs of multiple stakeholders—finance, operations, supply chain—will help you prioritize tasks and deliver insights that are relevant and actionable.
• Agility and Continuous Learning Being nimble in learning and open to experimentation will help you adapt to changing business needs, refine your analysis techniques, and grow in your role.
• Initiative and Self-Development Taking ownership of your growth through formal training and informal learning will keep your skills sharp and position you as a proactive, high-impact contributor.
  
  

Education, Licenses, Certifications

College, university, or equivalent degree in Accounting, Finance or equivalent field or studying for accounting entry qualifications.

Experience

Minimal relevant professional work experience in the field of study required.

Qualifications

Additional Information:

• Role Expectations: This position is listed as on-site with flexibility, and the role will require the selected candidate to report on-site 60% of the time each week. This position supports the Cummins Fridley plant and would require the selected candidate to be within close proximity to Fridley, MN.
  
  

Core Responsibilities

• Review and investigate accounts payable invoices flagged for price discrepancies and placed on hold due to variances
• Quarterly Purchasing forecast
• Perform IPV/PPV analysis to provide stakeholders with key financial insights, including pricing discrepancies and standard cost accuracy.
• Ensure accurate and timely month-end close support for the plant, including preparation of journal entries, account reconciliations, and other closing activities.
• Participate in or lead special projects as assigned.
  
  

Skills, Education, Or Experience Requirements

• Accounts Payable experience preferred not required
• Can work independently with some oversight
• Ability to navigate through multiple finance systems such as Oracle and tools to gather data or information
• Attention to detail
  
  

Please note that the salary range provided is a good faith estimate on the applicable range. The final salary offer will be determined after considering relevant factors, including a candidate’s qualifications and experience, where appropriate.

Job Finance

Organization Cummins Inc.

Role Category On-site with Flexibility

Job Type Exempt - Experienced

Min Salary $69200

Max Salary $103800

ReqID 2424032

Relocation Package No

100% On-Site No

Cummins and E-Verify

At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law. Cummins validates the right to work using E-Verify and will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee’s Form I-9 to confirm work authorization. Visit http://EEOC.gov to know your rights on workplace discrimination.