Product Cost Analyst

New Balance; Lawrence (MA); Hybrid; USD 60,000 - 93,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

401K

Job summary

New Balance in Lawrence, MA is seeking a Product Support and Costing Analyst to contribute to the footwear product costing process. You will learn the costing workflow, provide cost support to product teams, and gain insight into design, materials, manufacturing processes, and technologies.

This role emphasizes cross-functional collaboration, data analysis, and accurate reporting. You will perform cost reporting, help identify cost-saving options, and collaborate with senior teammates to drive

Qualifications

• Bachelor’s degree in Finance or Business with 1–3 years of related analytical experience.
• Strong analytical mindset and attention to detail.
• Excellent written/verbal communication and negotiation skills.
• Proficient with MS Office; Power BI and data analytics considered a plus.
• Ability to work in a cross-functional team and manage multiple tasks with urgency.

Responsibilities

• Perform costing reporting and system uploads on a regular cadence.
• Support cross-functional teams with costing information and direction.
• Identify potential cost-saving options and assist with implementation.
• Provide weekly estimates of product costs at milestones.
• Review, analyze, and verify product costs against timelines.

Skills

Analytical mindset

Attention to detail

Excellent communication

Team collaboration

MS Office proficiency

Education

Bachelor’s degree in Finance or Business

Tools

Power BI

Job description

Who We Are

Since 1906, New Balance has empowered people through sport and craftsmanship to create positive change in communities around the world. We innovate fearlessly, guided by our core values and driven by the belief that conventions were meant to be challenged. We foster a culture in which every associate feels welcomed and respected, where leaders and creatives are inspired to shape the world of tomorrow by taking bold action today.

Job Mission

As a Product Support and Costing Analyst, you will learn and develop understanding of the footwear product costing process throughout your day-to-day work You will provide cost support to specific Product teams. Begin to develop your understanding of the footwear development process throughout your day-to-day work including design, materials, manufacturing processes, product construction and technologies.

Major Accountabilities

Product Costing Analytics

• Perform Costing Department daily/weekly/monthly reporting and system uploads
• Take responsibility for seeing that projects follow the cost guidelines and project requirements established by the team
• Attend meetings, collaborate, and support cross functional teams with costing information and direction
• Gather data and help to identify potential cost-saving options. Collaborate with senior team members to implement cost-saving measures
• Provide weekly estimates of product cost capturing Design, Development, and/or Marketing changes
• Prepare and report product costs at each milestone requirement on areas you support
• Review, analyze, verify, negotiate, and confirm product cost per timeline

Requirements for Success

• Bachelor’s Degree in Finance or Business with a minimum of 1-3 years of related analytical experience
• Analytical mindset and organizational skills. Attention to detail is a must.
• Excellent communication skills, including verbal, written, presentation and negotiation.
• Proficient in MS Office (Excel, Word, PPT, SharePoint, Teams). Power BI and other data analytics a plus
• Ability to work in a collaborative cross functional team environment; strong relationship-building skills.
• Ability to multi-task to meet timelines and prioritize with a sense of urgency.

Lawrence, MA Corp Only Pay Range: $59,500.00 - $76,300.00 - $93,000.00 Annual (actual base pay varying based upon, but not limited to, relevant experience, time in role, internal equity, geographic location, and more.)

Regular Associate Benefits

Our products are only as good as the people we hire, so we make sure to hire the best and treat them accordingly. New Balance offers a comprehensive traditional benefits package including three options for medical insurance as well as dental, vision, life insurance and 401K. We also proudly offer a slate of more nontraditional perks – opportunities like online learning and development courses, tuition reimbursement, $100 monthly student loan support and various mentorship programs – that encourage our associates to grow personally as they develop professionally. You’ll also enjoy a yearly $1,000 lifestyle reimbursement, 4 weeks of vacations, 12 holidays and generous parental leave, because work-life balance is more than just a buzzword – it’s part of our culture.

Temporary associates are provided three options for medical insurance as well as dental and vision insurance and an associate discount.

Part time associates are provided 401k, short term disability, a yearly $300 lifestyle reimbursement and an associate discount.

Flexible Work Schedule

For decades we have fostered a unique culture founded on our values with a particular focus on in-person teamwork and collaboration. Our North American hybrid model encourages rich in-person experiences, showcasing our commitment to teamwork and connection, while maintaining flexibility for associates. New Balance Associates currently work in office three days per week (Tuesday, Wednesday, and Thursday). Our offices are fully open, and amenities are available across our North American office locations. To continue our focus on hybrid work we have introduced "Work from Anywhere" (WFA) for four weeks per calendar year. This model will help us enhance our culture while continuing to maintain elements of flexibility.

Equal Opportunity Employer

New Balance provides equal opportunities for all current and prospective associates to ensure that employment, training, compensation, transfer, promotion and other terms, conditions and privileges of employment are provided without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, handicap, genetic information and/or status as an Armed Forces service medal veteran, recently separated veteran, qualified disabled veteran or other protected veteran, or any other protected status.