FP&A Senior Cost Analyst

Scope of Position
We are seeking an experienced FP&A Senior Cost Analyst to join our finance team. Reporting to the Vice President of FP&A, the successful candidate will lead efforts in analyzing and interpreting supply chain data, identifying cost trends and performance metrics, and providing insights to drive cost optimization. This role requires a strong analytical mindset to support key financial initiatives, from cost analysis to budget planning and reporting.
Responsibilities
Cost Analysis

• Perform in-depth cost analysis by evaluating financial data, cost structures, and pricing models.
• Identify cost drivers, variances, and trends, offering recommendations for cost reduction and operational efficiency.

Bill of Materials (BOM) Coordination

• Lead coordination efforts with co-manufacturing and procurement teams to ensure accuracy and updates to BOMs.

Process Improvement

• Spearhead system implementations and initiatives to improve financial and supply chain processes.

Budget & Forecasting

• Collaborate with the supply chain team to develop and manage budget assumptions for cost of goods, transportation, and logistics.

Financial Reporting

• Prepare financial and cost reports, including variance analysis, to monitor performance against budgets and targets.
• Communicate key insights to management, highlighting risks and opportunities.

Cost Estimation & Decision Support

• Provide accurate cost estimates for new products, projects, or initiatives to assist in decision-making.
• Analyze financial risks, profitability, and potential returns to support investment evaluations.

Stakeholder Collaboration

• Work closely with cross-functional teams, including finance, operations, procurement, and senior management, to gather data and ensure alignment on cost analysis and reporting.

Supply Chain Data Analysis

• Collect, analyze, and interpret data from co-manufacturing, warehousing, and logistics to identify trends and performance metrics.

KPI Reporting

• Generate regular reports and dashboards to track KPIs and cost savings, communicating insights to key stakeholders.

Supply Chain Evaluation

• Assess existing supply chain processes, systems, and procedures to identify areas for improvement.

Invoice Discrepancy Resolution

• Diagnose and resolve invoice discrepancies across all co-packers.

Spend Analysis

• Conduct spend analysis for contract bids and price increases to ensure financial efficiency.

Production Planning

• Use production plans, demand forecasts, and upside files to determine necessary volume requirements.

Qualifications
Education

• Bachelor's degree in Business Administration, Supply Chain Management, Operations Management, Industrial Engineering, or a related field.

Experience

• 4-7 years of experience in analytics, planning, supply chain, logistics, or procurement.
• Hands-on experience with supply chain or planning roles, preferably in an industrial setting.

Skills

• Strong analytical and problem-solving abilities.
• Proficiency in time management and multitasking in a fast-paced environment.
• Experience with SAP and familiarity with financial planning systems.
• Excellent verbal and written communication skills to interact with all levels of management, co-packers, and customers.
• Ability to lead meetings and coordinate across departments.
• Independent worker with minimal supervision required.