Cost Analyst

Job Purpose

The Cost Analyst plays a key role in executing cost management strategies across the supply chain. The Cost Analyst supports cost roll-ups and detailed cost walks, proactively manages cost risks, and prepares both periodic and ad-hoc cost reports. The ideal candidate is detail-oriented with an ability to help management make informed decisions, ensuring that financial targets are met, and strategic decisions are supported.

Key Accountabilities
• Prepare detailed monthly cost reports, providing in-depth analysis of cost changes, and identifying cost variances early. Implement proactive mitigation strategies to address discrepancies, ensuring financial objectives are met.
• Develop and maintain cost forecast models to track and anticipate future expenses.
• Communicate cost analysis findings and recommendations to management and stakeholders.
• Stay up to date on industry trends and market conditions to inform procurement decisions.
• Prepare should cost for a variety of aircraft costs
• Lead cross-functional teams to drive cost reduction initiatives.
• Identify and lead cost reduction initiatives.
• Maintain accurate and organized records of cost data and contracts.
• Continuously evaluate and improve processes and procedures to increase efficiency and effectiveness.
• Collaborate with other departments, such as finance and operations, to ensure alignment of procurement goals and strategies.
• Provide support and guidance to other team members on cost analysis and procurement strategies.
• Discovers organizational gaps that increase costs and hinder greater productivity. Analyzes the company’s processes and suggests improvements.
• Stays informed about industry trends, technological advancements, and best practices to maintain the company’s competitive edge as it relates to continuous improvement and cost.
• Ensures compliance with procurement guidelines, company policies, and strategic company objectives.

Qualifications, Experience, and Skills
• Bachelor's degree from a four-year accredited university with a focus in Supply Chain Management, Industrial Engineering, or Business Administration preferred.
• Minimum of 5 years’ experience in project management, cost management, or related roles.
• Ability to read and interpret technical drawings.
• Previous experience in a directly related procurement, purchasing, supply chain, or project management role within aviation/aerospace manufacturing industry is preferred, but not required.
• Excellent writing ability with prior experience in presenting information to diverse audiences.
• Working knowledge of Microsoft Office products. Proficiency in SAP preferred.
• Self-motivated nature with an ability to work independently with minimum supervision and simultaneously manage multiple projects.
• Strong interpersonal skills for building relationships with suppliers and all levels of company personnel.
• Strong organizational skills with an ability to clearly and concisely present data

Working Conditions
• Incumbents may be routinely exposed to equipment operational noise, heat-cold-dust, and/or aircraft equipment, parts, or fuel odors.
• Incumbents may be required to stand, sit, squat, walk, bend, move, reach, or stretch for prolonged time periods with no restrictions, as required by job duties.
• Ability to work in a safe and professional manner while adhering to all regulatory requirements (FAA, OSHA, DOT, EPA, State and Federal regulations, etc.).
• Ability to read, hear, speak, and see with no restrictions, as required by job duties.
• Ability to comprehend and adhere to management directions and/or safety instructions with no restrictions.
• Ability to effectively communicate in Business English language.
• Ability to pull, push, carry, lift, or move items up to 10 lbs. throughout the work shift without assistance, as required by job duties.