We are in the process of recruiting a Cost and Inventory Analyst to join our team in the manufacturing industry based in YOUNGSTOWN, Ohio, United States. The role of a Cost and Inventory Analyst involves maintaining accurate cost and inventory data, conducting cost analysis, and supporting strategic business decisions.
Responsibilities:
· Planning, Studying, and collecting data to determine costs of business activity such as raw material purchases, assembly costs and intercompany transfers
· Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost
· Lead the monthly financial inventory closing - journal entries, variance analyses, account reconciliations, etc.
· Manage inventory levels, perform inventory audit checks, cycle counts and related inventory adjustments reporting.
· Review, investigate and explain purchasing variances on a routine basis
· Prepare audit reports and analysis for external auditors on inventories
· Monitor excess and obsolete inventories and non-conforming materials
· Process tracking of material flow in and out of facilities
· Providing management with reports specifying and comparing factors affecting prices and profitability of products or services
· Maintaining Cost and Inventory Accounting System and its integrity
· Daily, weekly batch processing and monthly period end close
· Conducts physical inventory counts and responsible for final valuation. Monitors cycle count program and investigates variances
· Review average costs and actual costs for inaccuracies
· Analyze and report profit margins and volume mix analysis
· Responsible for Balance Sheet inventory accounts
· Identify and recommend cost-effective solutions
· Reviews cost estimates of existing, new, and proposed products as developed by our commercial team to validate appropriate pricing and profitability.
· Performs in-depth analysis on monthly variances and prepare bridges to budget, forecast and/or prior year
· Prepare balance sheet budgets and forecasts for inventory
· Support Accounting and Operations as requested
· Must have advanced experience with Microsoft Excel and PowerPoint
· Strong verbal and written communication skills
· Highest standards of accuracy and precision; highly organized
· Strong interpersonal, supervisory and customer service skills required
· Ability to multi-task, work under pressure and meet deadlines required
· Experience with Sage 300 and MiSys shop floor desirable
· Work experience in a lean business environment is highly desirable
· Power BI experience desirable
· ERP and systems implementation experience desirable