Product Cost Analyst

Komatsu; Peoria (IL); On-site; USD 67,000 - 85,000; Full time

Benefits offered by this job

401k and/or employee savings programs

Vacation and holidays

Employee assistance programs

Disability benefits

Life insurance

Learning and development programs

Job summary

Komatsu in Peoria, Illinois seeks a Product Cost Analyst to support product costing, cost analysis, and cost improvement across the organization. The role collaborates with Engineering, Manufacturing, Supply Chain, and Finance to understand cost drivers and provide data for business decisions.

Designed for a college graduate or professional aiming to build a career combining manufacturing, engineering, and business analysis, with training and mentorship to develop expertise in costing,

Qualifications

• Bachelor's degree in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, Manufacturing Technology, Industrial Technology, or a related technical discipline.
• 0-2 years of experience in manufacturing, engineering, product support, continuous improvement, cost analysis, or related field; internship or project experience considered.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and Microsoft Office applications.
• Ability to interpret technical information and analyze data.
• Strong verbal and written communication skills.
• Ability to work effectively in a team-oriented environment.
• Eagerness to learn and develop technical and business knowledge in a manufacturing setting.

Responsibilities

• Assist in developing and maintaining product cost models including material, labor, overhead, freight, and supplier costs.
• Create and maintain costed Bills of Materials (BOMs) and manufacturing routings.
• Support cost estimates for new products, engineering changes, and sourcing decisions.
• Analyze cost data, identify trends, opportunities, and potential risks.
• Prepare reports and summaries to support management decision-making.
• Support cost reduction and value engineering initiatives.
• Identify manufacturing and product cost drivers.
• Participate in continuous improvement projects focused on productivity, efficiency, and waste reduction.
• Help track and report cost savings initiatives.

Skills

Analytical thinking

Problem solving

Excel skills

Data interpretation

Communication

Team player

Education

Bachelor's degree in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, Manufacturing Technology, Industrial Technology, or related technical discipline

Tools

ERP systems

Power BI

Job description

Join Komatsu and Be Part of Something Big!

Job Overview

The Product Cost Analyst supports product costing, cost analysis, and cost improvement activities across the organization. This role works closely with Engineering, Manufacturing, Supply Chain, and Finance to understand product cost drivers and provide data that supports business decisions.

The Product Cost Analyst assists with developing and maintaining product cost information, supports new product development efforts, analyzes manufacturing costs, and participates in continuous improvement initiatives. This position is designed for a collegegraduate or professional who is interested in building a career that combines manufacturing, engineering, and business analysis.

Training and mentorship will be provided to help develop expertise in product costing, manufacturing processes, and cross-functional business operations.

Key Job Responsibilities

Product Costing & Analysis

• Assist in developing and maintaining product cost models, including material, labor, overhead, freight, and supplier costs.
• Create and maintain costed Bills of Material (BOMs) and manufacturing routings.
• Support cost estimates for new products, engineering changes, and sourcing decisions.
• Analyze cost data and identify trends, opportunities, and potential risks.
• Prepare reports and summaries to support business and management decision-making.
• Support cost reduction and value engineering initiatives.
• Assist in identifying manufacturing and product cost drivers.
• Participate in continuous improvement projects focused on productivity, efficiency, and waste reduction.
• Help track and report cost savings initiatives.

Cross-Functional Collaboration

• Work closely with Engineering, Manufacturing, Supply Chain, and Finance teams.
• Support new product introduction activities by providing cost analysis and recommendations.
• Maintain accurate product cost data within ERP systems.
• Participate in cross-functional meetings and project teams.

Qualifications/Requirements

• Bachelor's degree in Mechanical Engineering, Industrial Engineering, Manufacturing Engineering, Manufacturing Technology, Industrial Technology, or a related technical discipline.
• 0-2 years of experience in manufacturing, engineering, product support, continuous improvement, cost analysis, or a related field. Internship, co-op, and project experience will be considered.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Excel and Microsoft Office applications.
• Ability to interpret technical information and analyze data.
• Strong verbal and written communication skills.
• Ability to work effectively in a team-oriented environment.
• Eagerness to learn and develop technical and business knowledge in a manufacturing setting.

Additional Information

Preferred Qualifications

• Internship, co-op, or project experience in a manufacturing environment.
• Exposure to manufacturing processes such as machining, welding, fabrication, assembly, casting, or forging.
• Familiarity with engineering drawings, Bills of Material (BOMs), and manufacturing routings.
• Experience using ERP systems, Power BI, or data analysis tools.
• Interest in manufacturing operations, product costing, and continuous improvement.

Why Join Us?

We welcome individuals who are interested in developing technical, analytical, and business skills in a manufacturing environment. This role provides hands-on experience, training, and mentorship while offering exposure to engineering, operations, new product development, and strategic business decision-making.

Hiring Range

At Komatsu, your base pay is one part of your total compensation package. This role pays $67,400 - $84,500. The actual offer will consider a wide range of factors, including experience and location.

Company Benefits

• 401k and/or employee savings programs
• Employee time off (vacation and designated holidays)
• Employee and family assistance programs
• Disability benefits
• Life insurance
• Employee learning and development programs

Diversity & Inclusion Commitment

At Komatsu, we come from diverse backgrounds, with unique perspectives, experiences and contributions. We believe that our people are part of our shared purpose. Connected by our core values of ambition, perseverance, collaboration and authenticity, we are committed to continually advancing in our support of diversity and inclusion. United, we are on a journey towards a sustainable future that creates value together.

Company Information

Komatsu develops and supplies technologies, equipment and services for the construction, mining, forklift, industrial and forestry markets. Headquartered in Tokyo, Japan, Komatsu employs more than 64,000 people worldwide, operating in more than 140 countries. For more than a century, the company has been creating value for its customers through manufacturing and technology innovation, partnering with others to empower a sustainable future where people, business and the planet thrive together. Since the company's founding in 1921, Komatsu has been committed to supporting individuals and communities through job training, skills development and giving back. As a Komatsu employee, you will be encouraged to grow alongside our global company, contributing to a more sustainable future for all. If you are looking for a company that values your talent and potential, join Komatsu to be a part of something big and help advance modern society. Learn more at www.komatsu.com.

EEO Statement

Komatsu is an Equal Opportunity Workplace and an Affiliation Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.