Cost Analyst

Socket.dev; Plymouth (MI); On-site; USD 65,000 - 90,000; Full time

Job summary

Socket.dev in Plymouth, MI seeks a Cost Analyst to manage current production costs and lead quotations for new opportunities. You will collaborate with Program Management to support cost development for NA programs and analyze cost structures.

The role requires a Bachelor's in accounting or finance and 3+ years in cost accounting, with familiarity in product costing and financial documentation. Some travel and office presence are expected.

Qualifications

• More than 3 years experience in cost accounting.
• Knowledge of cost structure and product costing.
• Ability to read and interpret financial documents.

Responsibilities

• Create the Product Costing and Cost Model development process for North America.
• Manage the Business Case process for New Model business opportunities for North America.
• Manage the Cost Analysis and Pricing for Engineering Changes to awarded programs.
• Establish and analyse quotation price historical database includes Fuyao and competitors.
• Create the customer piece price breakdown.
• Manage quotation documents.
• Support account manager with customers strategy map.
• Other duties as assigned.
• Nothing in the Position Description restricts management's right to assign or re-assign duties and responsibilities to this job at any time

Skills

Cost accounting

Financial analysis

Analytical thinking

Communication

Attention to detail

Travel readiness

Education

Bachelor's degree in accounting or finance

Job description

Job Title

Cost Analyst

Department

Business & Development

Direct Supervisor

Director, Business & Development

Direct Subordinates

None

Job Summary

The Account Manager is directly responsible for managing current production business for any commercial requirements, assigned customer accounts to lead quotations for new business opportunities, and working with Program Management Team to support existing new business development wins.

Job Functions and Duties

1. Create the Product Costing and Cost Model development process for North America
2. Manage the Business Case process for New Model business opportunities for North America
3. Manage the Cost Analysis and Pricing for Engineering Changes to awarded programs
4. Establish and analyse quotation price historical database includes Fuyao and competitors.
5. Create the customer piece price breakdown.
6. Manage quotation documents.
7. Support account manager with customers strategy map.
8. Other duties as assigned
9. Nothing in the Position Description restricts management's right to assign or re-assign duties and responsibilities to this job at any time

Qualification

Language

Languages spoken commonly in the workplace are English and Mandarin. - Ability to read, understand and comprehend documents such as safety rules, operating and maintenance instructions. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Ability to speak effectively and interact with other team members, engineers, leadership and customers.

Experience

More than 3 years experience in cost accounting

Education

Bachelor's degree in accounting or finance

Physical Condition

This position will spend the majority of time in office environments within Fuyao. It requires to work under pressure.
It will be frequently necessary to spend time on the manufacturing floor within Fuyao.
Strict observance of Fuyao safety policy & standards, use of Personal Protective Equipment (PPE), as well as compliance with our customer's safety policies are mandatory.

Other Requirements

TECHNICAL SKILLS -
Knowledge of product process, familiar with product cost structure and program cost calculation.
REASONING ABILITY - Ability to solve practical problems and deal with a variety of variables.
COMPUTER SKILLS - familiarity MS office softwares.

Knowledge, Skills & Abilities utilized on the job

• Professional Knowledge, Skills
• Ability to communicate effectively, both written and verbal
• Diligence, honesty, effective time management, innovative thinking
• Sound financial accumen and ability to understand / interpret basic financial documents
• Careful attention to detail / detail oriented
• Willing to travel and work a flexible schedule
• Knowledge of product production process and quality requirements.
• Familiar with product cost structure and international trade.

Training Required

• Product process control/Process capacity and capability/Cost structure
• Product process development/Tooling development
• Export declaration/Commercial inspection procedure
• Production planning/Capability allocation and utilization

Work Environment

While performing the duties of this job, the employee is occasionally exposed to extreme heat. The noise level in the work environment can sometimes be moderate. Safety requirements for this position can include safety glasses and steel-toed work boots.

Key Performance Indicators

Profitable New Business Awards, Customer Satisfaction / Scorecard Trends, Existing Book of Business - Profit Improvement Attainment