Cost Analyst
BASIC FUNCTION:
The Cost Analyst II is responsible for supporting the Operations Management and Mill Controller through routine cost analysis, monthly forecasting and annual budgeting for the operational area(s).
Primary responsibilities include:
- Work closely with the Operations and Maintenance teams to achieve monthly budgets by providing daily forecasts/updates.
- Work with vendors to submit invoices, service entry sheets and allocations timely so that costs are recorded accurately in the correct month.
- Track Purchase Orders to ensure timely closing and accurate commitments.
DIMENSIONS:
- Personnel No direct supervisory responsibilities
- Scope Primary scope will be Melt Shop area (15+ Cost Centers)
- Experience 3+ years prior related experience
NATURE AND SCOPE:
The responsibilities of this position are to provide regular cost updates to the Melt Shop Superintendent and other Operational and Maintenance Managers. The Cost Analyst II will work closely with the Melt Shop team to make sure the area stays within their monthly budget.Additionally, the Cost Analyst II will manage and create the yearly budget (PEX) and provide the budget by cost center and cost element to the Mill Accounting department. The Cost Analyst II will also provide support to operations for SAP (or other ERP systems).
This position reports directly to the Mill Controller.
PRINCIPAL ACCOUNTABILITIES:
- Responsible for daily cost updates and analysis as requested by Operations and Maintenance Managers.
- Work with vendors to submit invoices, service entry sheets and allocations timely so that costs are recognized in the correct month.
- Track Purchase Orders to ensure timely closing and accurate commitments.
- Review general ledger for costs that are incorrectly coded and work to resolve before month end or forward correcting journal entries to Mill Accounting.
- Provide month end accruals to the Mill Accounting department for goods received and work completed but not yet recognized in the accounting records.
- Analyzes variances of actual results from budget and forecast and assist in action plan preparation (FCA).
- Manage and create the yearly budget (PEX).
- Leads or assists with special projects as required.
Employees must also report any situation which may have a detrimental impact to human health or the environment to their immediate supervisor.
QUALIFICATIONS & COMPETENCIES REQUIRED:
The Cost Analyst should possess a bachelors degree or equivalent in accounting/finance. The incumbent should have at least 3+ years of experience in a manufacturing environment, and be proficient with various types of computer software programs including Microsoft’s Office Suite (Excel, Word, and PowerPoint) and financial software.