Cost Analyst

Ontic Engineering & Manufacturing; West Chatsworth (CA); On-site; USD 85,000 - 115,000; Full time

Benefits offered by this job

Annual leave

Volunteering time

Bonus scheme

EAP

Retail discounts

Job summary

Ontic Engineering & Manufacturing in Chatsworth, CA is seeking a Cost Analyst II to join our Estimating/Cost Analysis team. You will develop material and labor cost estimates for aerospace and defense products, repairs and proposals, and work with engineering, supply chain and pricing to deliver competitive bids.

The role emphasizes cost integrity in Visual ERP, identifying drivers and risks, and presenting defendable recommendations.

Qualifications

• Requires cost estimating experience and ability to interpret engineering drawings and manufacturing data.
• Proficient with Excel for cost models, data analysis and reconciliation.
• Experience evaluating supplier quotations and historical cost data for reasonableness.
• Strong organizational and communication skills with ability to manage competing deadlines.

Responsibilities

• Prepare detailed material, labor, and outside-processing cost estimates for new/production/repair/proposal requirements.
• Build and validate BOMs from Visual ERP into Excel, review quantities and routings.
• Analyze supplier RFQs, quotations, lead times and cost breaks with Supply Chain.
• Develop defendable cost recommendations using work orders, actual labor and engineering docs.
• Coordinate estimating activities with PM, Engineering and Purchasing to meet timelines.
• Maintain RFQ costs and supporting records in Visual ERP with traceability.

Skills

Cost analysis

Excel modeling

Data analysis

Vendor evaluation

Education

Bachelor's degree in Finance

Advanced degree

Tools

Visual ERP

BOM exports

Job description

We are a fast-paced business with ambitious growth plans; so if you are dedicated, enthusiastic and always seeking ways to improve, you'll enjoy a career with us!

Ontic, a leading licensor and manufacturer of complex engineering parts for the global aerospace and defence industries, are now recruiting for Cost Analysis II to join our Estimating/Cost Analysis team. This role will be based at our Chatsworth, CA office.

Ontic is a more than just a business, we're a community of innovators who pride ourselves on fostering a culture where talent thrives, ideas flourish, and careers are built. We're committed to excellence, driving us to continuously improve and adapt, ensuring that we remain at the forefront of our industry.

The Role:

The Cost Analyst II develops accurate, timely and supportable material and labor cost estimates for aerospace and defense products, repairs and customer proposals. This role independently manages multiple estimating requests, evaluates supplier quotations and historical manufacturing data, and partners with Engineering, Supply Chain, Program Management, Pricing and Revenue Management. The analyst maintains cost integrity in Visual ERP, identifies key cost drivers and risks, and prepares clear recommendations to support competitive, profitable proposals and management approvals.

Key Responsibilities

• Prepare detailed material, labor and outside-processing cost estimates for new and repeat production, repair, and proposal requirements; document assumptions, sources and risks.
• - Build, validate and export bills of material (BOMs) from Visual ERP into Excel; review quantities, part numbers, revisions, routings and potential duplicate or missing costs.
• - Analyze supplier RFQs, quotations, minimum order quantities, lead times and cost breaks; assess proposed costs for fairness and reasonableness in partnership with Supply Chain.
• - Leverage purchase history, work orders, actual labor performance, prior estimates and engineering documentation to develop defendable cost recommendations.
• - Coordinate concurrent estimating and proposal activities with Program Management, Engineering, Purchasing and other functional stakeholders to meet proposal timelines.
• - Maintain accurate and current RFQ costs, assumptions and supporting records in Visual ERP and associated estimating tools, ensuring traceability and data quality.
• - Identify estimating gaps, cost escalation, obsolescence, manufacturing complexity and other risks; raise issues early and recommend appropriate cost contingencies.
• - Prepare cost summaries and management briefings, explain major cost drivers and variances, and deliver approved estimate packages to Pricing and Revenue Management.

To be considered for the Pricing Manager opening, here's what you'll need to bring with you:

• Bachelor's degree in Finance, Business, Supply Chain, Engineering or a related field with at least 5 years of relevant experience; OR
• - Advanced degree in a related field with at least 3 years of relevant experience; OR
• - In lieu of a degree, at least 9 years of relevant experience.
• Required: Experience in cost estimating, cost analysis, purchasing or manufacturing operations, preferably in aerospace and defense.
• - Required: Proficiency with Microsoft Excel, including cost models, data analysis and reconciliation; strong working knowledge of Microsoft Office applications.
• - Required: Ability to interpret engineering drawings, specifications, bills of material and manufacturing or repair documentation.
• - Required: Demonstrated ability to evaluate supplier quotations and historical cost or labor data and communicate cost reasonableness.
• Required: Strong organizational, analytical and communication skills; ability to manage competing deadlines and present findings to leadership.
• - Desired: Experience with Visual ERP, including BOM exports, purchasing history and RFQ cost maintenance.
• - Desired: Familiarity with aerospace supplier networks, supplier negotiations, MNDA processes and proposal support for defense customers.

Benefits

At Ontic we care about your financial, physical, and mental wellness so we offer a range of benefits to support this, we care about what matters to you and have a valued culture of recognition and empowerment, accompanied by benefits that support work/life balance.

Our benefits package highlights include:

• Up to 29 days annual leave plus Bank Holidays
• 10 hours paid volunteering time
• Annual goal share bonus scheme for all employees
• 24/7 Employee Assistance Program (EAP)
• Discounts and offers from a range of retailers

Best place to work

We are more than the sum of our parts. And we've been recognised internally and externally for being so:

We were ranked #9 in Best Companies' Q3 leaderboard for Best Manufacturing Company based on our employee feedback

72.5% of employees who took part in our 2023 employee satisfaction survey said they are proud to work at Ontic

No day is the same at Ontic; we have doubled in size over the last couple of years