Cost Analyst

Job Summary

Product costing is at the basis of our commercial and business decisions.  The Cost Analyst will play an important role in this area, both in the pre-calculation process (providing accurate cost estimates) as well as on final costing and monitoring of all relevant cost drivers. The focus will be on the costing of our Belgian and US production sites.

Responsibilities

1. Drive and optimize the pre-calculation process for in-house manufactured products:

· Collect and analyze all required data, and based on the input calculate costs.

· Maintain and update the existing calculation models to reflect the latest cost parameters and drivers, to ensure accurate results.

· Define and set-up calculation models and methods for new sustainable developments, in close cooperation with relevant departments (product managers, R&D, engineering, manufacturing etc.)

· Review and benchmark the calculated costs coming from our different production plants, to guarantee proper decision-making process on final production location.

· Perform post-analysis to assess accuracy of the calculations and further improve the models and input.

1. Support the cost calculation and production set-up in our ERP system:

· Do regular cost updates in the system, following the creation of new products or changes applied to existing products.

· Validate the results of the cost updates against expectations, and reach out to the relevant department in case of variances (procurement, manufacturing etc.)

· Assist the Manufacturing Controller with quarterly and annual cost reviews and adjustments, or various analysis requirements.

· Update and maintain selected master data elements in the system that are related to the costing process.

1. Gather insights in the (price) evolution and driving factors of the different cost components (material, labor, energy etc.), in order to assess financial and/or operational impact and to ensure required actions are timely implemented.

2. Ad hoc data analysis and reporting depending on requests from the organization.

Qualifications

· Bachelor's degree in finance or accounting or any relevant fields.

· 2-5 years of relevant experience in product costing, cost analysis, or manufacturing controlling (preferably in an industrial environment).

· Strong analytical skillset, with solid understanding of cost structures and cost models, manufacturing processes and financial analysis.

· Ability to break-down problems into clear causes, and define proper measures and solutions.

· Proactive in finding process improvements.

· Excellent organizational skills and attention to detail.

· Strong interpersonal skills for cross-department collaboration (e.g., manufacturing, procurement, engineering)

· Proficient in MS Office 365 applications (Excel, Powerpoint) - knowledge of SAP and/or MS Dynamics / Power BI is an asset.

· Good English communication skills.

Normal working day

· Monday to Friday at 08.00 – days/week)

**Only Resume written in English will be considered.**