Position Summary:As a Senior Cost Analyst, you will evaluate product designs and recommend improvements to optimize production and cost efficiencies. Your primary responsibility is to produce internal cost estimates throughout the development process. You will be required to review factory quotes, negotiate pricing to secure the best cost advantages with the suppliers, and provide inputs to support vendor selection. Additionally, you will also be required to supervise and train the junior analyst.
What You Will Do:- Review product cost breakdowns to confirm that the correct materials, quantities, unit costs, and labor rates were used
- Analyze vendor quotes for any incorrect or inappropriate entities and negotiate with the vendors for correction or improvement
- Prepare and report the product financials to management and the development team
- Maintain awareness of the material and labor cost trends. Responsible for upkeeping the core commodity cost for reference
- Guide the Marketing and Design teams on margin attainment/expectations
- Manage the cost budget of the assignment projects. Manage all sourcing and costing essentials to stay with the planned budget
- Keep management team abreast of significant issues or developments identified during quoting phase/process
- Interpret data quickly and evaluates potential issues to the appropriate level of review
- Mentor and develop staff to facilitate effective performance across all phases of the sourcing and costing processes
- Lead the annual cost adjustment process
- Other duties may be assigned
You Will Bring:- Bachelor's degree in industrial engineering, mathematics or economics from a four-year college or university
- 5-7 years related experience or equivalent combination of education and experience
- Proficiency using Microsoft Office applications (Excel, Word, PowerPoint, and Outlook)
- Minimum 5 years of cumulative experience in one or more of the following:
- Cost Estimation
- Cost Benefit Analysis
- Strong quantitative skills and must have demonstrated the ability to apply analytical skills to problem solving
We Got You Covered!As a Great Place to Work Certified™ company, we are committed to offering the best to our employees. We offer a comprehensive benefits package that includes medical, vision, dental, prescription drug coverage, life insurance, wellness benefits, generous employer-matched 401(k) plan, Paid Childcare Leave, among other benefit plans. Our total rewards are top of market and include competitive salary, bonus, and opportunities to earn equity. We focus on supporting employee development and growth.
We regularly hold social functions to foster a genuine camaraderie that enhances teamwork. At our company-wide award functions, we take time to recognize the talent and dedication of the people who make Munchkin the most loved baby lifestyle brand in the world.
To give our people flexibility, we offer half-day Friday's all year around and provide annual weeklong global office closures giving our people a chance to recharge.
Salary range: $70,000 - $120,000 (DOE).
To learn more, visit us at www.munchkin.com.
