Inventory Cost Analyst

Flexicon Corporation; Bethlehem (Northampton County); On-site; USD 70,000 - 90,000; Full time

Job summary

Flexicon Corporation in Bethlehem, PA, is seeking an Inventory Cost Analyst to join the Finance team. This role focuses on understanding and analyzing costs tied to inventory in a manufacturing environment, including BOMs, work orders, labor, overhead, and ERP cost data.

The position requires a Bachelor's degree and 3+ years of hands-on costing experience. You will collaborate across Finance, Operations, Purchasing, Engineering and Warehouse to improve costing accuracy and provide insights into

Qualifications

• Bachelor's degree in Accounting, Finance, Business, or related field with inventory or manufacturing costing experience.
• 3+ years hands-on inventory costing, product costing, cost accounting, or manufacturing cost analysis.
• Experience with standard costing and variance analysis.
• Experience analyzing inventory valuation, BOMs, material costs, work orders, labor, and/or overhead.
• Strong understanding of how inventory transactions and manufacturing activity affect product cost.
• Experience with an ERP system such as Epicor, SAP, Oracle, NetSuite, or MS Dynamics.
• Advanced Excel skills and comfort handling large data sets.
• Strong analytical and problem-solving skills.
• Ability to investigate discrepancies, identify root causes, and communicate findings clearly.
• Ability to work effectively with both Finance and operations teams.

Responsibilities

• Analyze inventory valuation for raw materials, WIP, and finished goods.
• Assess standard vs actual costs and identify drivers of variances.
• Evaluate purchase price variances, material cost changes, and supplier-related trends.
• Review BOMs, routings, labor rates, and overhead allocations for accuracy.
• Analyze job/work-order costs to identify anomalies and improvement opportunities.
• Support annual standard-cost-setting and periodic cost updates.
• Prepare cost reports, trend analyses, and management reporting.
• Collaborate with Finance, Operations, Purchasing, Engineering, and Warehouse to improve costing accuracy.

Skills

Inventory costing

Variance analysis

ERP systems

Advanced Excel

Data analysis

Cross-functional collaboration

Education

Bachelor's degree in Accounting/Finance/Business

Tools

Epicor

SAP

Oracle

NetSuite

MS Dynamics

Job description

Flexicon Corporation is seeking an Inventory Cost Analyst to join our Finance team in Bethlehem, PA. This role is focused on understanding and analyzing the costs associated with inventory in a manufacturing environment. The Inventory Cost Analyst will work with inventory valuation, standard costs, material and purchase variances, BOMs, work orders, labor and overhead, and ERP cost data to help ensure accurate costing and provide better visibility into the drivers behind inventory and product costs. This is an analytical role for someone who enjoys digging into the numbers, identifying discrepancies and trends, and working across Finance, Operations, Purchasing, Engineering, and Warehouse teams to understand why costs are changing and what is driving them.

What You'll Do

• Analyze inventory valuation and costing for raw materials, work in process, and finished goods
• Analyze standard versus actual costs and identify the drivers behind material, labor, overhead, usage, and other manufacturing variances
• Analyze purchase price variances, material cost changes, and supplier-related cost trends
• Review BOMs, routings, labor rates, overhead allocations, and other costing inputs for accuracy and reasonableness
• Analyze job and work-order costs to identify unusual activity, cost drivers, and opportunities for improvement
• Support annual standard-cost-setting activities and periodic cost updates
• Analyze inventory transactions, adjustments, transfers, and other activity affecting inventory cost
• Analyze excess, slow-moving, and obsolete inventory and provide supporting cost data
• Prepare cost reports, trend analyses, and other management reporting
• Partner with Finance, Operations, Purchasing, Engineering, and Warehouse teams to improve costing accuracy and resolve cost-related issues
• Support month-end and year-end inventory and manufacturing-cost analysis, reconciliations, and audit requirements
• Identify opportunities to improve cost data, processes, controls, and reporting

What We're Looking For

• Bachelor's degree in Accounting, Finance, Business, Supply Chain, or a related field combined with relevant inventory or manufacturing costing experience
• 3+ years of hands-on experience in inventory costing, product costing, cost accounting, or manufacturing cost analysis
• Experience with standard costing and variance analysis
• Experience analyzing inventory valuation, BOMs, material costs, work orders, labor, and/or overhead
• Strong understanding of how inventory transactions and manufacturing activity affect product cost
• Experience working with an ERP system such as Epicor, SAP, Oracle, NetSuite, Microsoft Dynamics, or a similar manufacturing system
• Advanced Excel skills and comfort working with large amounts of data
• Strong analytical and problem-solving skills
• Ability to investigate discrepancies, identify root causes, and communicate findings clearly
• Ability to work effectively with both Finance and operational teams

Preferred Experience

• Experience in a manufacturing or engineered-to-order environment
• Experience with inventory and product costing in an ERP system
• Experience with BOMs, routings, work orders, standard-cost development, and manufacturing variances
• Experience working cross-functionally with Operations, Purchasing, Engineering, and Finance
• Epicor experience a PLUS!

Why Flexicon? This position offers the opportunity to work beyond the spreadsheet. You'll partner with teams throughout the business to understand how purchasing, inventory, engineering, and manufacturing activity ultimately affect product costs.