What are the responsibilities and job description for the Cost Analyst position at laskoproducts?
Lasko Products, an industry leader of home environment products for over 100 years, is seeking a Cost Analyst. This role is based in our Franklin, TN manufacturing facility.
Key areas of responsibility will include:
- Teaming:
- Must be collaborative and work with Plant and Department Managers
- Miscellaneous ad-hoc reporting as requested from all finance leadership
- Plant Strategy:
- Calculate daily CPUs and efficiency reports to help drive improvements in key cost and production areas
- Develop weekly trending variance analysis, to see performance versus standard
- Work with engineering to develop easy-to-read daily plant dashboard, that covers all areas including cost, production, shipping, efficiency, and safety
- Forecasting and Budgeting:
- Lead yearly AOP and periodic forecast updates for all labor and overhead expenses in the plant
- Collaborate with department managers to develop budgets around headcount, supplies, maintenance and more
- Prepare daily, weekly, and monthly production and general plant performance reports, with comparative view to AOP and forecasts
- Cost Accounting and Reporting:
- Lead yearly Standard Cost Roll for all manufactured items in Franklin, TN by updating BOMs and routings with alignment to yearly AOP
- Maintain accurate, fully costed BOMs for all WIP and FG inventory throughout the year
- Month End:
- Prepare monthly JE’s in a timely manner
- Analyze month end results with comparative view to AOP and forecasts and explain variances
- Prepare account reconciliations for plant related accrual accounts
- Inventory:
- Maintain accurate perpetual inventory balances for all Tennessee locations, including main plant, warehouse, and any outside warehouse as applicable.
- Plan, coordinate, and conduct annual physical inventory for Tennessee facilities.
- Develop, improve and implement process and controls for:
- All areas above
- Regular cycle counts in the manufacturing facility
EXPERIENCE/QUALIFICATIONS
Qualifications needed in addition to the topics above:
- 4 years of finance/accounting experience, with at least 1 in manufacturing
- Must have a proactive and solid follow up approach
- Experience documenting process and controls
- Strong MS Office skills
- Bachelor's degree in Accounting or Finance
- Strong communication, collaboration, and interpersonal skills
- Consumer Products manufacturing (preferred)
- QAD ERP experience
About the Company
Lasko Metal Products was founded in 1906 by Henry Lasko in Philadelphia. Lasko designs, manufactures, assembles, and distributes portable fans, heaters, and humidifiers for the consumer market (Lasko brand), air purifiers (Germ Guardian brand), ventilation products such as range hoods and bathroom exhaust fans to the construction industry (Air King brand) and water damage restoration products such as air scrubbers and dehumidifiers (B-Air brand). Lasko’s products are sold in North America, South America, the Caribbean, and Asia. The company is recognized as the leader in the portable fan and portable heating categories and proudly operates American manufacturing, assembly, and distribution facilities across the US. Lasko’s leading market share in fans and heaters is 2X – 4X larger than the #2 brand. Lasko’s domestic production capabilities uniquely position Lasko to serve its customers.
Lasko’s Mission is to improve everyday life with trusted products which create a healthier and more comfortable environment. The company’s success is based on 5 Core Values:
- Be Bold:
- Challenge the status quo
- Courageously pursue the impossible
- Reject mediocrity
- Be Together
- Work together for success
- Drive trust and candor with each other
- Prioritize "We" before "I"
- Be A Leader
- Lead with personal conviction
- Inspire each other to deliver high- quality results
- Leverage resilience and agility to drive excellence
- Be Accountable
- Consistently deliver to our customers
- Embrace commitments as a contract
- Take pride in our actions
- Be The Change
- Demonstrate a passion to win
- Make a difference at work in our communities
- Step forward and take initiative
The Lasko family owned and operated Lasko Products until November 2016, when private investment firms Comvest Partners and JW Levin Management Partners (“JWLMP”) acquired the business. Comvest Partners and JWLMP are committed to growing the business with investments in growth and productivity.
Geographic Reach
Based in the greater Philadelphia, PA area, Lasko Products operates in locations throughout the US and Canada. The company’s Tennessee, Texas, and Pennsylvania manufacturing facilities produce both indoor and outdoor fans and heaters. The company also sources select products internationally from China, Taiwan, Vietnam, Malaysia, and India. Lasko operates distribution centers in all manufacturing locations plus Nevada and Ohio.
Diversity & Inclusion
Comvest and its portfolio companies recruit, employ, train, compensate and promote regardless of race/national origin, gender/gender identification, sexual orientation, age, disability status, veteran status, religious affiliation, and other protected status. We have a clear vision to be the place where diverse talent wants to come, stay, and do their best work. We know our companies run on the hard work and dedication of our passionate and smart employees. We believe that diversity within an organization creates long-term value for the organization itself and its constituents. Comvest and its portfolio companies are high performing organizations that seeks to hire hard-working and dedicated high performers. While Comvest and its portfolio companies always strive to look at a diverse pool of candidates, we will always choose the most qualified candidate for the job being recruited for, in order to strive for success for both the employee and the firm.
