What are the responsibilities and job description for the Costing Analyst position at Royal Cup, Inc.?
Costing Analyst
Overview
COMPANY PROFILE:
Royal Cup, Inc. is the proven leader in sourcing, roasting, blending, and distributing high-quality coffees and fine teas since 1896 and is the chosen partner for restaurants, hotels, offices, and commuters across the country. We are a family-owned business rooted in a longstanding tradition of coffee roasting excellence that takes pride in our unparalleled dedication to customer care.
We are a large, privately held national importer, roaster, and distributor of coffees, teas, and related products that have been in business for more than 125 years. Royal Cup, Inc. currently provides products, equipment, and service to restaurants, hotels, convenience stores, businesses, and individuals throughout the United States, and we are growing!
At Royal Cup, Inc. having a customer-centric focus is not simply a motto; our employees believe we each have a responsibility to provide outstanding service to our customers. Our customer-centric focus results in actions we live by that not only retain our current customer base but grow our presence with new, high-impact accounts across the country based on exceptional products and service.
We believe serving our customers well, serves us well. We are results-oriented and strive to not only retain our current customer base but grow our presence with new, high-impact accounts across the country by offering exceptional products and service.
Royal Cup Coffee and Tea strives to be sustainably minded and a good corporate steward in all business endeavors. It is also what others expect of us – our employees, our customers and vendors, our local communities, and the coffee and tea industry we help represent. This mindset permeates the actions we take today for tomorrow.
BENEFITS:
Royal Cup Coffee offers a competitive compensation plan and a comprehensive benefits program. On top of being a part of a well-caffeinated team, the benefits program includes healthcare, dental, vision, 401(k), company-paid life and disability insurance, Flexible Spending Account plan, select tuition reimbursement, paid parental leave, remote work opportunities, paid holidays, and vacation time. We also provide ongoing training that is designed to provide maximum success for our employees.
Royal Cup is committed to a diverse and inclusive workplace. We are an equal opportunity employer and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or another legally protected status. For individuals with disabilities who would like to request an accommodation, please contact us at 1-800-366-5836.
SUMMARY:
The Costing Analyst reports to the Costing Manager is responsible for supporting cost accounting, inventory valuation, and financial analysis across the manufacturing process, from raw materials through finished goods production. This role ensures accurate costing, monitors variances, and supports operational cost optimization within manufacturing.
SUPERVISORY RESPONSIBILITIES:
None
KEY RESPONSIBILITIES:
- System setup/creation of all new manufactured product.
- Accurate/timely completion of all product change requests.
- Maintain BOM accuracy and track costs across raw materials, semi-finished, and finished goods production.
- Conduct regular BOM audits and inventory valuation for raw materials, semi-finished, and finished goods (shelf-life included).
- Conduct monthly green coffee costing, cost-benefit analysis, and variance analysis to drive cost optimization.
- Monitor and refine Cost of Goods Sold (COGS) for manufacturing.
- Assess financial impact of product design, raw material, and production method changes.
- Oversee production settlement, ensuring SAP accuracy and reconciling COGI and operations reports.
- Identify and report missing production batches to the MES provider; enter rework in SAP.
- Support semi-finished goods physical inventory counts and refine manufacturing inventory accuracy.
- Maintain inventory costing methodology and conversion cost drivers for manufacturing.
- Collaborate with the Cost Accountant on manufacturing-related budget planning and execution.
- Analyze overhead spending and freight cost drivers within the manufacturing process.
- Support BOM/Routing standardization and process enhancements within the manufacturing plant.
- Develop and refine costing standards for raw materials, labor, and production overhead.
- Participate in or lead special projects and ad hoc financial analysis related to manufacturing costs.
- All other duties as assigned.
MINIMUM QUALIFICATIONS:
- Minimum of a High School Diploma (or an equivalent such as a GED)
- 3–5 years of experience in cost accounting, manufacturing finance, or a related role.
- Experience in a manufacturing or production environment is required.
- Experience with cost analysis, standard costing, and inventory valuation.
- Strong proficiency in SAP or similar ERP systems for cost tracking and reporting.
- Advanced Excel skills, including pivot tables, VLOOKUPs, and data analysis functions.
- Experience working with BOMs (Bill of Materials), inventory costing, and variance analysis.
- Familiarity with MES (Manufacturing Execution Systems) for tracking production data.
- Strong ability to analyze manufacturing variances, standard vs. actual costs, and cost drivers.
- Ability to interpret financial data and provide insights to Operations and Finance teams.
- Attention to detail with excellent problem-solving skills in a fast-paced manufacturing setting.
- Ability to work independently and proactively identify and resolve issues
- Strong communication and presentation skills, with the ability to explain financial data to non-financial stakeholders.
- Highly organized with the ability to manage multiple priorities and deadlines.
- The ability to successfully complete the pre-employment process.
PREFERRED QUALIFICATIONS:
- Bachelor’s degree in accounting, finance, economics, or a related field.
- Exposure to lean manufacturing principles and cost-reduction strategies.
- Power BI or other data visualization tools experience for cost reporting.
PHYSICAL REQUIREMENTS:
- Prolonged periods of sitting at a desk and working on a computer.
- Frequent sitting, standing, walking, reaching, typing, reading, talking, and hearing.
- The ability to lift up to 15 pounds with or without assistance.
