Cost Analyst
Gulf Extrusion Company LLC
Total years of experience :16 years, 0 Months
POSITION SUMMARY:
• Functions as a business support person to the plant and financial management team. Providing standard costing and analysis of manufacturing variances analysis, Active participant at the management and strategic level Contribute to the decision making, strategy and execution of team priorities.
• Responsible for plant level costs and control including cost accounting, Metals Hedging, bill of material audits, and cost analysis.
• Supports special projects as requested. Works closely with manufacturing to Understand issues and how they impact the financial results as well as educate/inform department(s) on cost drivers and variances.
• Also act as liaison with corporate financial staff, as required. Performing plant KPI evaluations & updations.
• Performed all product costing plus monthly closing of Cost of Goods Sold, Distribution Expenses and Operations Expenses. Prepared annual budgets of same. Direct the preparation of regular and special budget reports.
• Provide advice and technical assistance with cost analysis, fiscal allocation, and budget preparation.
• Summarize budgets and submit Capex valuation recommendations for the approval.
RESPONSIBILITIES/DUTIES:
• Interact with Production Control to ensure Bills of Materials (BOM) are accurate and up to date. Review and audit BOM’s to ensure they reflect the latest manufacturing practices.
• Analyze actual labor, material, and overhead cost against Standard/Budget. Research and explain variances. Report this information monthly or as needed.
• Work with the finance department to implement and apply cost accounting policies and procedures as they are derived.
• Support Controller’s efforts for implementing and maintaining internal controls for operations, sales, engineering, & finance.
• Development of new labor and overhead rates, budget, and forecasts.
• Perform ad hoc product/plant cost analysis to support the operations.
• Responsible for cost models and product pricing studies and new item set-ups.
• Responsible for spending and variance analyses.
• Looking after Accounts Receivables & Payables.
• Reviewed and budgeted annual labour rates, overhead rates, inbound & replenishment freight, and purchased material costs for standard cost roll, along with COGS & gross margin impact for CFO & marketing managers.
• Chaired combined department committee to establish Productivity Improvement Plan, as well as tracking monthly targets.
Cost Accounting, Capex Valuations, Product cost, Budgeting
Cost Manager, Product & Process Costing, Budgeting
Cost Controller, Process Costing, Budgeting
Cost Accounting, Process & Product Costing
FULL TIME MBA DONE