Associate Product Cost Analyst

Posted Yesterday
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Oak Brook, IL, USA
In-Office
28-30 Hourly
Entry level
Retail
The Role
Manage product costs and gift pricing to meet target margins; maintain cost integrity in PLM and BOMs; analyze cost trends and sales volumes; support product development, create/update BOMs and components, track PO status, and assist with ad hoc cost analyses and cross-functional projects.
Summary Generated by Built In
Job Summary & Responsibilities

The Associate Product Cost Analyst is responsible for managing product costs, determining gift pricing, and supporting target margin objectives across the business. This role partners closely with Product Development, Product Design, Sourcing, and cross-functional teams to ensure accurate cost analysis, maintain product cost integrity, and identify opportunities for cost savings and process improvements. The ideal candidate is highly analytical, detail-oriented, resourceful, and comfortable working independently in a fast-paced environment.

Key Responsibilities
  • Manage raw material and component costs to support accurate gift pricing and target margin achievement.
  • Establish and communicate target cost goals to Product Designers throughout the product development lifecycle.
  • Maintain cost integrity within Centric PLM by accurately capturing component costs, labor, freight, accruals, and other cost elements.
  • Monitor cost trends and identify components with significant cost increases, partnering with appropriate teams to investigate and resolve variances.
  • Analyze sales volumes by customer, category, and retail price point to ensure gift records are established using appropriate quantity assumptions.
  • Collaborate with the Costing Line Review team to ensure all product costs are entered accurately and within required timelines.
  • Partner with Product Development to recommend and implement product modifications that reduce costs and improve efficiencies.
  • Identify and investigate discrepancies between PLM and Baan Bills of Material (BOMs) for Direct-to-Consumer (DTC) products and route issues to the appropriate stakeholders.
  • Track and maintain Purchase Order (PO) status reports for the DTC business.
  • Support Product Development activities by:
    • Creating and maintaining gift records.
    • Building and updating Bills of Material (BOMs).
    • Creating new components.
    • Routing component workflows through the appropriate approval processes.
  • Assist with ad hoc cost analyses, reporting, and cross-functional projects as needed.
Preferred Qualifications
  • Bachelor’s degree required, preferably in Finance, Accounting, Business, Supply Chain, Operations, or a related field.
  • Strong analytical and problem-solving skills with exceptional attention to detail.
  • Ability to work independently, prioritize multiple tasks, and proactively resolve issues.
  • Resourceful and self-motivated with a continuous improvement mindset.
  • Proficiency in Microsoft Office Suite, particularly Excel.
  • Strong communication and collaboration skills with the ability to work effectively across multiple departments.
  • Experience with ERP, PLM, or product costing systems (such as Centric or Baan) is a plus.

The expected hourly pay range for this position is $28.00 to $30.00 per hour. Actual compensation will be determined based on experience, skills, internal equity, and other factors permitted by law.

To support our commitment to being an employer of choice, we offer comprehensive and competitive health, wellness, and additional benefits to eligible full-time team members. Benefit eligibility may vary based on location, average hours worked, and length of service.

Benefits may include*:

  • Medical, dental, vision, life, and disability insurance for the associate and eligible dependents
  • Flexible Spending Account (FSA)
  • Health Savings Account (HSA)
  • 401(k) retirement savings program
  • Mental health resources and Employee Assistance Program (EAP)
  • Paid vacation time (accrued based on hours worked and tenure)
  • Paid company holidays
  • Employee discount across our family of brands
  • Potential eligibility for annual merit-based compensation increases, where applicable

*Exact benefit terms, conditions, and eligibility requirements are governed by official plan documents and applicable law. The Company reserves the right to modify, amend, or terminate benefit plans and programs at any time.

Skills Required

  • Bachelor's degree (preferably in Finance, Accounting, Business, Supply Chain, Operations, or related field)
  • Strong analytical and problem-solving skills with exceptional attention to detail
  • Ability to work independently, prioritize multiple tasks, and proactively resolve issues
  • Resourceful and self-motivated with a continuous improvement mindset
  • Proficiency in Microsoft Office Suite, particularly Excel
  • Strong communication and collaboration skills
  • Experience with ERP, PLM, or product costing systems (such as Centric or Baan)
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The Company
Carle Place, NY
3,104 Employees
Year Founded: 1976

What We Do

1-800-FLOWERS.COM. Inc. is a leading provider of gifts for all celebratory occasions and our mission is to deliver smiles. The 1-800-FLOWERS.COM, Inc. family of brands includes everyday gifting and sharing products from 1-800-Flowers.com®, PersonalizationMall.com®, 1-800-Baskets.com®, Cheryl's Cookies®, Shari's Berries®, FruitBouquets.com®, Harry & David®, Moose Munch®, The Popcorn Factory®, Wolferman's Bakery℠, and Simply Chocolate®. We believe that embracing diversity, and celebrating the uniqueness of every individual, makes us a better company.

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