What are the responsibilities and job description for the Cost Analyst position at Dorsey Trailer?
Position Summary
The Cost Analyst is responsible for analyzing manufacturing costs, monitoring production efficiencies, and supporting operational decision-making through detailed financial and production analysis. This position plays a critical role in ensuring accurate trailer costing, identifying production variances, improving labor efficiency, and supporting continuous improvement initiatives throughout the manufacturing process.
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Essential Duties and Responsibilities
Trailer Costing & Product Analysis
· Develop and maintain accurate standard costs for all trailer models and configurations.
· Analyze material, labor, overhead, freight, and any additional costs associated with trailer production.
· Review and update Bills of Material (BOMs) for costing accuracy.
· Monitor cost changes due to engineering revisions, vendor pricing changes, or manufacturing process adjustments.
· Assist with quoting support and profitability analysis for sales and management teams.
· Evaluate margin performance by trailer model, customer, and production line.
Variance Reporting & Analysis
· Prepare weekly and monthly variance reports including:
o Material variances
o Labor variances
o Purchase price variances
o Production efficiency variances
o Scrap and rework analysis
· Investigate significant manufacturing variances and communicate findings to management.
· Work with management to identify root causes and recommend corrective actions.
· Track actual production costs versus standard costs and budget expectations.
Time Studies & Labor Analysis
· Conduct time studies throughout the manufacturing facility to evaluate labor efficiency and production standards.
· Analyze workflow, cycle times, downtime, and labor utilization.
· Assist in developing labor standards for production operations.
· Recommend process improvements to increase efficiency and reduce waste.
Manufacturing & Operational Support
· Partner with production, purchasing, and engineering teams to improve cost visibility and operational efficiency.
· Monitor scrap, warranty, and rework trends.
Reporting & Systems
· Maintain costing and reporting data within ERP/MRP systems.
· Utilize Excel and reporting software to analyze large data sets and generate actionable insights.
Additional Responsibilities
· Maintain confidentiality of company financial and operational information.
· Assist management with special projects, operational reviews, and process improvement initiatives.
· Work collaboratively across departments to support company objectives and production goals.
· Perform additional duties and responsibilities as assigned by management.
Benefits:
- 401(k)
- Dental insurance
- Disability insurance
- Health insurance
- Life insurance
- Vision insurance
Work Location: In person