Costing Analyst (Plant / Factory)

As a Cost Analyst in our organization, your role will involve analyzing and forecasting costs related to material, labor, and overhead expenses across various manufacturing locations. You will be responsible for evaluating production processes to identify inefficiencies impacting costs and ensuring that manufacturing cost forecasts align with set targets and objectives. Collaboration with finance and production teams is essential for reviewing budgets and standard costs for manufacturing locations. Additionally, you will monitor cost variances, recommend corrective actions, and generate detailed reports on manufacturing costs, variances, and trends for management review. Your responsibilities will also include identifying cost-saving opportunities in production and supply chain processes, proposing and implementing solutions to reduce waste, and optimizing resources. You will work closely with cross-functional teams to align cost management strategies and provide insights during new product development or process changes. Utilizing ERP systems, costing tools, and financial software for data management and analysis will be a crucial part of your role. It is important to maintain accurate cost data in the system to facilitate real-time decision-making and ensure compliance with financial policies. To be successful in this role, you should possess a Bachelor's degree in Finance, Accounting, Business Administration, Industrial Engineering, or a related field. Additionally, a Master's degree or professional certifications such as CIMA, CMA, or ICWA would be beneficial. Proven experience in cost analysis, manufacturing finance, or a related role in the manufacturing industry is required, along with proficiency in financial modeling, cost accounting principles, and experience with ERP systems like SAP or Oracle. Strong analytical abilities with attention to detail, effective communication and presentation skills, organizational and time management abilities, and a problem-solving mindset are key attributes for this role. Fluency in English is essential, and proficiency in other European languages is a plus. This position offers an office-based work environment with occasional travel to manufacturing sites. You will interact with cross-functional teams in diverse cultural settings in a fast-paced environment that requires adaptability and multitasking. Key Performance Indicators for this role include the accuracy of cost reports and variance analysis, successful identification and implementation of cost-saving initiatives, the timeliness and quality of budgeting and forecasting processes, and effective collaboration with cross-functional teams. Candidates should demonstrate a solid understanding of manufacturing processes and financial principles, with familiarity in sustainable manufacturing practices and the cost implications of environmental regulations considered desirable.,