Cost Price Analyst

Company: Full Steam Staffing
Location: Chino
Posted on: May 14, 2022

Job Description:

Now Hiring a Price Analyst in Chino, CA for a large cosmetics company. Salary Exempt: $65K Monday-Friday 8am. to 5pm. RESPONSIBILITIES / DUTIES Own the quoting process to improve accuracy of product quotes through improved data driven assumptions, validated through factory observation and cost actuals. Own the standard cost revision process to alert manager of price changes in Raw Materials and Components and update MRP for latest pricing. Provide fact-based analysis to management in selecting pricing strategies that result in increased sales, profit and/or market share Work with Management and Sales to ensure profit margins are maintained as costs increase by reviewing margins and regularly updating quotes Support Sales/Customer Service team by providing timely and accurate responses to customer RFQs Specific tasks to own: Prepare all quote sheets with fact-based inputs. Identify latest and projected raw material and component costs from Procurement Department and historical accounting records as inputs. Identify latest and projected manufacturing throughput assumptions and labor costs from Manufacturing as inputs. Audit Factory performance vs Standards for throughput and labor charges, i.e. oversight factory line with stopwatch, as inputs. Update quote sheet template to improve accuracy, better communication assumptions, and streamline quoting process. Work with Factory management to update product family throughput standards when appropriate. Alert Management to vendor cost changes on raw materials and components. Update MRP with latest costs paid on raw materials and components in the monthly standards roll. Ad hoc costing & pricing analyses as needed. Guide cost analysis process by providing information on trends and forecasts, explaining processes and techniques, and recommending actions by interpreting data and making comparative analyses Actively participate in ERP system conversion Ensure compliance with applicable regulatory requirements and Generally Accepted Accounting Principles Perform other duties and projects as assigned by management REQUIREMENTS Positive, hands-on individual with a strong work ethic that "raises the bar" and challenge the team to continuously improve At least five years--- experience in cost/price analysis, preferably in a manufacturing/standard cost environment Ability to prioritize workload and self-manage projects, handle multiple tasks and meet strict deadlines Proficient with automated estimating, pricing, and accounting systems, spreadsheet and database applications, and MRP systems (Sage Pro and SAP preferred) Ability to read, analyze, organize, and interpret moderately complex estimates, price proposals, and financial reports Ability to effectively communicate and collaborate with various levels of leadership and across functional departments Strong problem-solving skills and ability to lead and implement change and process improvements Ability to respond to inquiries or complaints from customers High degree of adaptability & flexibility, ability to prioritize with changing situations Excellent written and verbal communication skills Proficiency in Microsoft Office (Word, Excel, PowerPoint, Outlook) Bilingual in Spanish a plus Occasional travel may be required (generally less than 25%) EDUCATION BA in Accounting, Business Administration or related field Relevant industry experience may be considered in lieu of college degree; HS Diploma will be required.

Keywords: Full Steam Staffing, Chino , Cost Price Analyst, Professions , Chino, California