Costing Analyst

Posted 5 Days Ago
Be an Early Applicant
Plymouth, MI
Entry level
Insurance
The Role
The Costing Analyst supports the development of accurate product costs by analyzing materials, labor, and equipment needs. Responsibilities include reviewing bills of materials, communicating cost data, and supporting departmental initiatives to improve efficiency. This role requires collaboration with various teams and may involve occasional travel.
Summary Generated by Built In

JOB DESCRIPTION

The role of the Costing Analyst is to support and develop accurate product costs and to provide the necessary follow up within the organization. Working knowledge of product and process is required, as you learn to bring reasonableness to the details.  Need to support in the data collection of regional projects and corporate initiatives, with the potential of bringing business perspective to the data.    

Specific duties include, but are not limited to:       

  • Costing Analyst is responsible for development of product cost: material usage, material cost, equipment requirements, labor requirements, cycle times,  tooling and capital requirements for new business or changes to current business;
  • Review complex bill of materials for reasonableness
  • Review manufacturing assumptions for reasonableness
  • Develop risk / opportunities summary with each quote
  • Communicate / Educate the organization regarding the cost data.
  • Plant Rate Development
  • Set targets of purchased items.
  • Support Purchasing negotiations.
  • Support regional and corporate initiatives
  • Ability to bridge financial data
  • Actively contribute to departmental initiatives/process improvements to enhance the overall department’s effectiveness.

Qualifications:

  • Four Year College Technical Degree (Finance, Business, or Engineering desired), MBA desired.
  • 0-2 years’ experience
  • Experience in the Automotive Industry, seating a plus.
  • Spanish language skills is a plus.
  • Good computer skills, i.e., MS Office, especially Excel.
  • Proven Interpersonal and teamwork skills.
  • Occasional travel required

Customers

            Customer Groups

            Purchasing

            Internal Sales

            Operations

            Product Groups

            Engineering

PRIMARY LOCATION

Central Tech Unit Plymouth MI

Top Skills

Excel
The Company
HQ: London
1,686 Employees
On-site Workplace
Year Founded: 2000

What We Do

We are a specialist insurer and reinsurer with a 100-year record of helping clients navigate the world’s most complex and demanding risks. Part of the global top-10 insurance group, MS&AD, we have operations in Lloyd’s of London, the Middle East and Asia. With deep risk expertise backed by a trusted claims service, we deliver continuity in an uncertain world. Our role places us at the forefront of many of our chosen lines, which include property, marine, casualty, natural resources, and crisis management.

If you are looking for one of our sister firms, search for MS Amlin Insurance S.E., MS Reinsurance or MS Amlin Marine.

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