Lead Cost Analyst - Inventory & Costing in St. Louis, Missouri | DiversityInc Careers
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Lead Cost Analyst - Inventory & Costing

The Inventory and Costing Lead (SME) Cost Analyst position has responsibility for accurate and timely month-end closing, account reconciliations, and production cost variance analysis for Supply Chain. This person will be responsible for providing guidance and training to the Cost Analyst team to ensure in-depth analysis work can be successfully completed and all product costing, inventory management processes while ensuring compliance with Corporate Controller and SOX policies. This position will be relied on to be a leader for the team by providing coaching, and driving system and process optimization across the team.

Primary responsibilities include:

Accounting – Closing:

  • Ensure month-end closing activities (material ledger closing, cost center assessment, order settlement, etc.), account reconciliations and production cost variance analysis are completed accurately by Cost Analyst team on a timely basis, providing guidance as appropriate
  • Oversee obsolescence expense and reserve monthly entries for actual batch level reserves.
  • Lead monthly reviews with Finance leadership related to cost variance analysis and inventory analysis to ensure financials appropriately reflect the business results in compliance with accounting policies and procedures.
  • Champion and drive efficient closing and account reconciliations processes, troubleshoot issues resulting in recommendation and implementation of solutions


  • Oversee development of standard unit cost for annual budget processes; provide review of the development and creation of standard cost estimates established at the beginning of each fiscal year
  • Drive process improvements related to inventory valuation, costing processes, forecasting and closing activities.
  • Coordinate if updates to cost center assessment cycles each year are appropriate
  • Ensure compliance with Corporate Controller and SOX policies related to inventory balances and product costing
  • Focuses on helping cost analyst team balance assignments and projects to maintain or improve a healthy work-life balance
  • Oversee preparation and presentation of annual Balance Sheet Review for inventory, preparing analysis for review by Corporate Controller and External Audit Partners / Representatives
  • Champion system enhancements to enable better reporting & analysis on inventory, cost, and production support, and provide guidance, leadership and innovation for continuous process improvements while driving efficiencies and optimization of overall manufacturing finance support.
  • Lead training, provide coaching and technical guidance to Cost Analyst team to ensure performance of all responsibilities of their function

Business and Financial Analysis – Support:

  • Anticipates and develops the required talent to meet business’s future needs through building strong relationships and networks to help business execute business strategies
  • Ensure cost analyst team maximizes their support to Regional Manufacturing and Commercial Finance Analysts to develop monthly, quarterly and full year COGS forecast; prepare monthly COGM bridge comparing forecast to actual variances; prepare bridges comparing prior year and current year actual results for the month, quarter and YTD periods.
  • Partner closely with Supply Chain and FP&A Finance Analysts to understand cost center budgets, forecasts, appropriate cost information for portfolio analysis and decision making and any related variances to determine impact on standard unit cost
  • Oversees required mid-year standard cost estimate updates and ensure updates reflect latest cost results and assumptions as well as sourcing decisions to ensure accurate cost estimate update and rest of year forecast
  • Confronts difficult situations and complex problems promptly without avoidance and strives to alter business strategy under conditions of significant ambiguity
  • Drive and act as “Change Agent” to Implement changes in Costing methodology as approved
  • Facilitate the team’s effort to work with plant and field personnel to improve understanding of their impact on costing, address financial-related questions and issues, ensuring proper accounting controls, policies and documentation are maintained, evaluate cost savings opportunities and leverage areas to improve cost position

Required skills/experience:

  • Bachelor's degree in Accounting or Finance; advanced degree or CPA/CMA preferred
  • 10+ years Accounting or Finance experience
  • Excellent Knowledge of SAP, specifically the FI-GL and FI-CO modules
  • Excellent Excel skills
  • Prior Cost Accounting Experience
  • Solid accounting skills and understanding of corporate policies
  • Problem solving skills
  • Excellent interpersonal, leadership and communication skills
  • Fluent in Spanish/Portuguese preferred
  • Flexible in a fast paced, changing environment