Cost Analyst

Honda Aircraft Company; Greensboro, Winston-Salem, High Point (NC, NC, NC); On-site; USD 75,000 - 95,000; Full time

Job summary

A leading aerospace manufacturing firm is seeking a Cost Analyst to manage cost strategies and reporting. The role involves preparing monthly reports, maintaining cost forecasts, and leading cross-functional teams in cost reduction initiatives. The ideal candidate will have a Bachelor's degree, 5 years of relevant experience, and strong skills in cost management. This position ensures compliance with company policies while collaborating with various departments to support financial objectives.

Qualifications

• Minimum of 5 years’ experience in project management or cost management.
• Ability to read and interpret technical drawings.
• Previous experience in procurement, purchasing, or project management within aviation/aerospace manufacturing is preferred.

Responsibilities

• Prepare detailed monthly cost reports and analyze cost changes.
• Develop and maintain cost forecast models.
• Communicate cost analysis findings to management.
• Lead cost reduction initiatives.
• Ensure compliance with procurement guidelines.

Skills

Excellent writing ability

Working knowledge of Microsoft Office

Proficiency in SAP

Strong interpersonal skills

Strong organizational skills

Education

Bachelor's degree in Supply Chain Management, Industrial Engineering, or Business Administration

Tools

SAP

Job description

The Cost Analyst plays a key role in executing cost management strategies across the supply chain. The Cost Analyst supports cost roll-ups and detailed cost walks, proactively manages cost risks, and prepares both periodic and ad-hoc cost reports. The ideal candidate is detail-oriented with an ability to help management make informed decisions, ensuring that financial targets are met, and strategic decisions are supported.

Duties and Responsibilities

• Prepare detailed monthly cost reports, providing in-depth analysis of cost changes, and identifying cost variances early. Implement proactive mitigation strategies to address discrepancies, ensuring financial objectives are met.
• Develop and maintain cost forecast models to track and anticipate future expenses.
• Communicate cost analysis findings and recommendations to management and stakeholders.
• Stay up to date on industry trends and market conditions to inform procurement decisions.
• Prepare should cost for a variety of aircraft costs.
• Lead cross-functional teams to drive cost reduction initiatives.
• Identify and lead cost reduction initiatives.
• Maintain accurate and organized records of cost data and contracts.
• Continuously evaluate and improve processes and procedures to increase efficiency and effectiveness.
• Collaborate with other departments, such as finance and operations, to ensure alignment of procurement goals and strategies.
• Provide support and guidance to other team members on cost analysis and procurement strategies.
• Discovers organizational gaps that increase costs and hinder greater productivity. Analyzes the company’s processes and suggests improvements.
• Stays informed about industry trends, technological advancements, and best practices to maintain the company’s competitive edge as it relates to continuous improvement and cost.
• Ensures compliance with procurement guidelines, company policies, and strategic company objectives.

Education, Work Experience, Certification and/or Licensure

• Bachelor's degree from a four-year accredited university with a focus in Supply Chain Management, Industrial Engineering, or Business Administration preferred.
• Minimum of 5 years’ experience in project management, cost management, or related roles.
• Ability to read and interpret technical drawings.
• Previous experience in a directly related procurement, purchasing, supply chain, or project management role within aviation/aerospace manufacturing industry is preferred, but not required.

Required Knowledge, Skills and Abilities

• Excellent writing ability with prior experience in presenting information to diverse audiences.
• Working knowledge of Microsoft Office products. Proficiency in SAP preferred.
• Self-motivated nature with an ability to work independently with minimum supervision and simultaneously manage multiple projects.
• Strong interpersonal skills for building relationships with suppliers and all levels of company personnel.
• Strong organizational skills with an ability to clearly and concisely present data.

Physical Requirements

• Incumbents may be routinely exposed to equipment operational noise, heat-cold-dust, and/or aircraft equipment, parts, or fuel odors.
• Incumbents may be required to stand, sit, squat, walk, bend, move, reach, or stretch for prolonged time periods with no restrictions, as required by job duties.
• Ability to work in a safe and professional manner while adhering to all regulatory requirements (FAA, OSHA, DOT, EPA, State and Federal regulations, etc.).
• Ability to read, hear, speak, and see with no restrictions, as required by job duties.
• Ability to comprehend and adhere to management directions and/or safety instructions with no restrictions.
• Ability to effectively communicate in Business English language.
• Ability to pull, push, carry, lift, or move items up to 10 lbs. throughout the work shift without assistance, as required by job duties.

The above statements are intended to describe the general nature and scope of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all duties, skills, and responsibilities required of personnel so classified. Duties, responsibilities, and activities may change at any time with or without notice. This document does not constitute a contract between the incumbent and Honda Aircraft Company. (FLSA: Exempt) 01/07/13