The Cost Analyst II position is responsible for monitoring, collecting, updating, analyzing, summarizing and evaluating cost related information. This position assists management decision making by continuous improvement of cost management processes and models to support margin analysis.

Essential Functions

Responsibilities:

• Assist with the monthly financial close process and ensure the accuracy of system generated transactions and manual entries
• Prepare journal entries and account reconciliations to assist in the month-end close process
• Analyze inventory variances by location, product category, etc.
• Monitor, analyze and report on cost trends of inventory and raw materials to interpret overall cost of goods sold and margin variations
• Perform heavy data manipulation within Excel and Access
• Aid in the preparation of various month-end/year-end reports and schedules including inventory reconciliations, journal entries, cost of goods sold analysis, inventory on hand reports, etc.
• Review monthly inventory detail to identify excess/obsolete items and record related journal entries (i.e. maintain E&O reserve)
• Participation in physical monthly/annual inventories of Finished Goods/Materials
• Compile, analyze and communicate monthly scrap and shrinkage results by plant and identify areas for scrap reduction
• Review/compare various inventory reports to identify discrepancies and make proper recommendations
• Review existing processes, tools and controls for opportunities to improve effectiveness and to transfer best practices across the organization and change them accordingly
• Interact with cross-functional teams such as manufacturing, supply chain, procurement, and other departments to better understand their needs and to be proactive and resolve issues in a timely manner
• Maintain clean documentation and supporting data for each completed task
• Provide full support during company financial audits
• Perform various ad hoc analyses to support cross-functional teams including finance, accounting, purchasing, manufacturing, etc.