Material Costing and Quoting Specialist

McKenna Labs is a full-service contract manufacturing company that specializes in hair, skin and body care products. We've been in the personal care development and manufacturing industry since 1998

We are seeking a Material Costing and Quoting Specialist that focuses on quoting, costing, and analyzing our input materials to support overall product costing and quoting activities. This role partners with R&D, Account Management, Purchasing, Operations, and Finance teams as well as our external material suppliers to carry out efforts to optimize formula costing to best serve our customers.        

 Key Duties and Responsibilities 

• Contribute to an environment in which all team members are respected regardless of their individual differences and are motivated to improve their contributions to achieve desired business results. 
• Responsible for overseeing company’s material costs, including setting and monitoring standard costs, researching variances, and looking for opportunities for improvements and efficiencies. 
• Help to support the company’s material pricing, quoting, and costing and processes. 
• Collaborate with R&D to track ingredient costs, batch sizes, yields, and processing requirements. 
• Develop strong understanding of the company’s product input costs and play integral role in helping to improve and shape costs through vendor engagement and negotiation. 
• Monitor and track material costs and purchase price variances for all production inputs. 
• Establish structured processes to analyze and review pricing and profitability at regular intervals as well as on ad hoc basis as needed. 
• Support company with Ad-hoc financial and operational analyses to ensure timely course correction of Company’s resources. 
• Maintain standard pricing databases and update as raw materials, packaging, or labor costs change. 
• Assist in new product development by providing cost projections and identifying potential savings or margin opportunities. 
• Ensure compliance with internal policies and regulatory requirements related to pricing tracking and reporting. 
• Provide support for multiple projects and prioritize workload in accordance with business goals. 
• Maintain a positive and productive relationship with external and internal customers, co-workers, and others with whom the position may have contact. 

Requirements

To fulfill requirements of job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in Accounting, Finance, or Business preferred, but not required. 
• 3–5 years of experience in quoting, cost analysis or financial planning within personal care, cosmetics, food or specialty manufacturing. 
• Experience in data analysis, modeling, and/or financial analysis. 
• Understanding of KPIs, margin analysis, standard costing, and cost accounting principles is a plus. 
• Must have strong mathematical skills with the ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.  Ability to compute rate, ratio, percentage, convert English/Metric units, and apply concepts to practical situations. 
• Proficiency with ERP systems, Excel (advanced formulas, pivot tables), and financial modeling tools. 
• Strong analytical and critical thinking skills with the ability to organize, handle, and prioritize multiple issues simultaneously. 
• Strong communication skills to collaborate across the organization. 
• Strong attention to detail, accuracy, and efficiency. 
• Ability to work effectively in a fast-paced environment. 

Physical Demands and Work Environment:

While performing the duties of this job, the employee is regularly required to use hands to handle or feel.  The employee is regularly required to stand, walk, sit, reach with hands and arms.  Specific vision abilities required by this job include close vision, and color vision.

The noise level in the work environment is generally quiet and may include shared workspace.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The salary range for this role is $62,400 - $79,040 annually.  Compensation is commensurate with level of knowledge, education, skills, and experience applicable to the position.

We understand that each team member’s situation is unique, and so it is our intent to offer an overall benefits package that can be shaped and molded by each individual to fit their family’s needs. Our current benefits package, which is available to all full-time team members, includes medical, dental, vision insurance, 401k retirement plan, flexible spending accounts, life and disability coverage, and other voluntary benefits.

We want everyone to feel welcome, respected and we are committed to providing the best space, experience and workplace for our teams – no matter what race, color, religion, sex, sexual orientation, gender identify, national origin, veteran or disability status and all the other fascinating characteristics that make us different.