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:
Due to expansion New Balance are looking for a Product Cost Analyst to join our Product Development team in the UK. The Product Cost Analyst plays a crucial role in supporting the EMEA-based Global Football and Lifestyle Product Teams. You will analyse and report footwear product costs throughout the product creation cycle. Your responsibilities will include ensuring projects adhere to cost guidelines, providing cost-saving recommendations, and preparing detailed cost reports at each milestone.
Ideal candidates will be happy to work with a large cross-functional team but remain self-motivated to achieve tight deadlines. We are looking for someone who’s passionate about the products we create as this role will have a significant impact on the growth and success of the team.
We offer hybrid working and a flexibility to working hours to accommodate for a healthy work life balance. Bi-annual travel to the US will be required.
MAJOR ACCOUNTABILITIES:
- Support Football and Lifestyle development teams with their cost analysis
- Adhere to established cost guidelines and requirements
- Collaborate with cross-functional teams to provide accurate costing information and direction
- Identify and recommend cost-saving options throughout the product development process
- Provide daily/weekly estimates of product costs, capturing changes from Design, Development, and Marketing teams
- Prepare and report detailed product costs at each milestone, ensuring accuracy and completeness
- Review, analyse, verify, negotiate, and confirm product costs within the required timeline
REQUIREMENTS FOR SUCCESS:
- Educated to degree level, ideally within a Financial related position
- Previous experience within an analytical role, preferably in product costing or financial analysis
- Proficient in modern data analysis tools and software, including MS365 Apps (Excel, Word, PowerPoint, SharePoint, Teams) and familiarity with data visualization tools like Tableau or Power BI is a plus
- Strong analytical mindset with excellent organizational skills and attention to detail
- Excellent communication skills, including verbal, written, presentation, and negotiation abilities
- Able to work effectively in a collaborative with cross-functional teams
- Team player with great interpersonal skills and capable of building strong relationships with key stakeholders
- Ability to handle multiple tasks and prioritise effectively in a fast-paced, dynamic environment
- Motivated with proactive approach and desire to succeed
BENEFITS:
- Discretionary Bonus Opportunity
- Private Medical Insurance
- Dental Scheme
- Pension Scheme
- Flexible Working Hours (07:00 – 10:00 start, 15:00 -18:00 finish)
- Hybrid working (3 days on-site)
- 25 days Annual Leave per year
- Life Insurance
- On Site Gym
- Employee Discount
- Opportunity to work abroad for four weeks per year
- Wellbeing and Mental Health Benefit (24/7 Employment Assistance Program & Support)
Equal Opportunity Employer:
New Balance is committed to equality of opportunity for all current and prospective associates regardless of age, disability, race, religion or belief, gender, sexual orientation, pregnancy and maternity, marriage and civil partnership and gender reassignment. We are an equal opportunity employer and support a culture of diversity and inclusion.
If you have not already done so, please let us know if you require any support so we can make the right adjustments and considerations should they be required.
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What We Do
In 1906, New Balance began as a humble one-man operation founded on the belief that “we were born to move,” and has since grown into an international corporation, selling footwear and apparel in over 120 countries and employing over 8,000 associates worldwide. Our mission has always been to support the performance of athletes, and with an unparalleled focus on quality and craftsmanship, we’ve come to set the standard for comfort and fit in an industry all too often driven by hype.
We’re incredibly proud of our history and how far we’ve come, but companies don’t thrive for over a century by being content.
Whether it’s setting a new style trend, retooling our manufacturing process, or building a new state-of-the-art headquarters, we pursue innovation with a spirit of fearless independence. As the only privately held major footwear company in the world, we’re free to do things our way, pushing limits and testing boundaries as we continually reimagine what could be. After all, the status quo isn’t static.
But doing things our way wouldn’t mean much if we weren’t also doing them the right way. We invest in our associates as they invest in us, and as we move forward, we make a point of giving back, supporting communities around us through ambitious philanthropic efforts and involvement programs. We are a company that cares, and our culture is one of integrity and teamwork where together we become greater than the sum of our parts.
