Cost Analyst

Job Description

Title: Cost Analyst

FLSA Classification: Exempt

Department: Accounting

Reports to: Inventory Cost Manager

Salary: $65,000-80,000 + bonus

Date: 3/2025

Job Summary: The Cost Analyst will be a key resource to the Finance and Accounting teams. The role will focus on costing and analysis, budgeting, forecasting, and inventory processes & procedures. This position will require a strong knowledge base in inventory costing, variance analysis, seeking out process/procedural improvements, and exhibit outstanding interpersonal skills. This role is essential in building a strong resource for innovative product costing analysis, variance analysis and robust policies and procedures at BeatBox.

Supervisory Responsibilities: 

• This position does not have direct supervisory responsibilities but is subject to change. 

Duties/Responsibilities:

Financial Costing & Analysis:

• Assist in BOM and standards maintenance and evaluation based on corporate policies and production processes
• Understand and analyze purchase prices, variances and trends
• Assist with month end close processes, journal entries, and reconciling inventory to ensure inventory cost is accurate and timely
• Analyze inventory losses and understand their root cause
• Understand and maintain inventory costing methodology and conversion cost drivers
• Aid in the maintenance of data loaded into ERP system and support expansion of software capabilities
• Assist in budgeting and forecasting for inventory related expenses
• Partner with the Operations team to ensure objectives are achieved

Inventory Processes & Procedures:

• Provide support in documenting internal controls, policies and procedures for inventory
• Assist in the validation that policies and procedures are being followed
• Build strong knowledge on Dynamics BC processes

Additional Analysis:

• Provide reporting and data based on organizational needs as they pertain to inventory, cost of goods manufactured, and cost of goods sold
• Assist Operations as needed, providing analysis and insights in order to make improved business decisions

Required Skills/Abilities: 

• Experience in Microsoft Dynamics BC is strongly preferred
• Experience with PowerBI is a plus
• Intermediate to advanced skills in Microsoft Excel to include pivot tables, if/and/or statements, nested formulas
• Office Scripts, VBA and macros are a plus
• Excellent written and verbal communication skills and the ability to interact with all levels of management
• Strong organizational and analytical skills

Education/Experience:

• Bachelor’s degree in Accounting, Finance or other technical field from an accredited college
• Five years of work experience in accounting or finance role

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift up to 15 pounds at times.