Cost Analyst

Description

We are looking for a talented Cost Analyst to join our team specializing in Sales for our Ladson, SC location.

Job Summary

Responsible for conducting cost analysis to support management in making operating decisions.

In this role, you will make an impact in the following ways:

• Action Oriented: You will tackle new opportunities and tough challenges with urgency, high energy, and enthusiasm, driving progress and innovation.
• Balances Stakeholders: You will anticipate and balance the needs of multiple stakeholders, ensuring that everyone's interests are considered and managed effectively.
• Collaborates: You will build partnerships and work collaboratively with others to meet shared objectives, fostering a cooperative and productive work environment.
• Communicates Effectively: You will develop and deliver multi-mode communications that convey a clear understanding of the unique needs of different audiences, ensuring that messages are received and understood.
• Nimble Learning: You will actively learn through experimentation when tackling new problems, using both successes and failures as learning opportunities to continuously improve.
• Self-Development: You will actively seek new ways to grow and be challenged, utilizing both formal and informal development channels to enhance your skills and knowledge.
• Values Differences: You will recognize and appreciate the value that different perspectives and cultures bring to the organization, promoting inclusivity and diversity.
• Business Partnering: You will collaborate with stakeholders and develop partnerships to drive performance that aligns with organizational goals and strategies, influencing decision-making and guiding the business towards positive results.
  
  

Responsibilities

To be successful in this role you will need the following:

• Strong Analytical Skills: You will need to analyze cost variances (IPV/PPV and monthly movements), determine root causes, and prepare recommendations for improvements. This requires a keen eye for detail and the ability to interpret complex data.
• Proficiency in Cost Accounting: Understanding and maintaining cost master data, creating and maintaining costing for new items, and conducting cost audits and analysis are crucial. Familiarity with standard costing methods and practices will be essential.
• Data Management: Identifying data analysis needs and working with appropriate departments to obtain the necessary data regularly will be important. You should be comfortable with data collection, management, and analysis tools.
• Effective Communication: Preparing analysis and drafting presentation materials for review by your supervisor will require clear and concise communication skills. You should be able to convey complex information in an understandable manner.
• Problem-Solving Abilities: Analyzing cost variances and determining root causes will require strong problem-solving skills. You should be able to think critically and develop practical solutions to improve processes.
• Attention to Detail: Maintaining cost master data and ensuring the accuracy of cost information will require meticulous attention to detail. Small errors can have significant impacts, so precision is key.
• Collaboration: Working with various departments to obtain data and assist in the inventory valuation process will require strong collaboration skills. Building good working relationships with colleagues will be beneficial.
• Continuous Improvement Mindset: Developing recommendations and alternatives for improvements will require a mindset focused on continuous improvement. Being open to feedback and willing to learn from both successes and failures will help you grow in this role.
  
  

Education, Licenses, Certifications

College, university, or equivalent degree in Accounting, Finance or equivalent field or studying for accounting entry qualifications.

Experience

Minimal relevant professional work experience in the field of study required.

Qualifications

Resonsible for:

Day to day cost calculations/roll

Active participation in AOP process

Year End Cost roll up

Skill

Familiar with standard cost elements

Self-driven

Education

CMA, CPA desirable

Please note that the salary range provided is a good faith estimate on the applicable range. The final salary offer will be determined after considering relevant factors, including a candidate’s qualifications and experience, where appropriate.

Job Finance

Organization Cummins Inc.

Role Category Hybrid

Job Type Exempt - Experienced

Min Salary $67200

Max Salary $100800

ReqID 2412323

Relocation Package No

Cummins and E-Verify

At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law. Cummins validates the right to work using E-Verify and will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee’s Form I-9 to confirm work authorization. Visit http://EEOC.gov to know your rights on workplace discrimination.