Cost and Inventory Analyst

Description

Summary: The Cost and Inventory Analyst position is accountable for the ongoing analysis of process constraints, target costing projects, margin analysis, and tracing costs back to underlying activities.  The Cost and Inventory Analyst must also construct and monitor those cost-effective data accumulation systems needed to provide an appropriate level of costing information to management. They will be responsible for Cycle counts and the annual physical inventory process. This function acts as the analytical engine of the company to provide insights and support ‘optimal’ business decision making. The position reports to the CFO.

Essential Duties and Responsibilities Includes the following:

Other duties may be assigned.

• 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 Hynes 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
• Perform all other duties as assigned.

Qualification Requirements:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of knowledge, skill, and/or ability required.   Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Must have Manufacturing Experience to be considered.

Business Skills

• 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

Leadership and Interpersonal Skills

• Excellent verbal and written communications skills
• Ability to interact with senior level executives and staff
• Consistently demonstrate professional, positive, and approachable attitude/demeanor and discretion
• Ability to motivate others
• Well organized, able to juggle multiple priorities and plan projects in order to deliver on-time results and play various roles in a dynamic environment
• Ability and motivation to rapidly learn the business of Hynes
• Excellent interpersonal and communication skills, strong client-support orientation, with the ability to work effectively with all levels of the organization and with a wide range of clients, individually and in groups
• Strong time management and organizational skills with ability to prioritize work under pressure.
• Strong client-support orientation.
• Ability to quickly adapt to changing business demands.
• Ability to handle sensitive and confidential information appropriately.
• Strong analytical and critical thinking skills.
• Ability to handle multiple projects as part of a team effort and independently
• Demonstrated ability to roll-up sleeves and work with team members in a hands-on management capacity

Education and/or Experience:  

• BA/BS in Business with an emphasis in Accounting, Finance or equivalent
• Relevant experience in steel or manufacturing metals environment a plus
• 2 to 3 years of Cost Accounting or Cost Analyst experience in a manufacturing environment
• Must have a strong Cost systems background and have excellent analytical skills; sound understanding of accounting principles.
• Experience working with engineering, sales and manufacturing personnel on development and analysis of cost standards and quoting

Physical activities and/or requirements include:   While performing the duties of this position, the employee is regularly required to stand and sit.  The employee is regularly required to use hands to feel or handle tools, objects and controls.  The employee is rarely required to lift or move up to 25 lbs.  Specific vision abilities required by this job include peripheral vision, close vision, depth perception and the ability to adjust focus. 

Security Level:  Access allowed to highly confidential financial and business information as necessary to perform this function effectively.

Work Environment:  The work environment characteristics described herein are representative of those an employee encounters while performing the essential duties of this job.  

• While performing the duties of this job, the employee seldom works near moving mechanical parts.  The noise level in the work environment is usually quiet.

Additional Skills/or Abilities:

• Relevant experience in steel or special metals environment a plus
• Work experience in a lean business environment
• Experience with Sage 300, MISys desirable
• Advanced experience with Microsoft Excel, PowerPoint and Word
• Strong verbal and written communication skills
• Strong interpersonal, supervisory and customer service skills required
• Ability to multi-task, work under pressure and meet deadlines required
• Integrity, with an ability to handle confidential information

Competencies: Coaching, Collaboration, Communication, Continuous Learning and Professional Development, Decision Making/Problem Solving, Facilitating Change, Formal Presentation Skills, Innovation, Strategic Focus, Team Leadership

Qualifications