Sr. FP&A/Cost Analyst

If you’re looking for a special place to build or grow your career, you’ve found it. Whether you’re an experienced professional, a recent college graduate or somewhere in between, IDEX is a place where you can apply your existing skills and learn new ones in an environment where you can make an impact.

With interesting opportunities in engineering, marketing, sales, supply chain, operations, HR, finance, and more across more than 40 diverse businesses around the globe, chances are, we have something special for you.

About the Role

The Senior FP&A/Cost Analyst is responsible for financial planning, forecasting, reporting, and manufacturing cost accounting across two IDEX sites in Albuquerque, NM, and Rochester, NY. This role partners with Finance, Operations, and Commercial teams to evaluate financial performance, identify risks and opportunities, and provide recommendations that support operational and strategic business decisions.

The position plays a key role in maintaining consistent financial reporting and cost accounting practices across both sites while driving improvements in financial processes, cost management, and operational efficiency. Regular travel between both locations is required.

Key Responsibilities

Financial Planning & Analysis

• Support annual operating plans (AOP), financial forecasting, quarterly reporting, and strategic planning processes.
• Develop and maintain financial models, reports, and analytical tools to support business planning and decision-making.
• Independently analyze financial and operational performance, identify trends and risks, and provide actionable recommendations to business leaders.
• Prepare ad hoc financial analyses to support strategic initiatives and operational decisions.
• Identify and implement opportunities to streamline and automate financial reporting and analytical processes.

Manufacturing Cost Accounting & Analysis

• Manage reporting, forecasting, and analysis of manufacturing costs, including standard costs, cost variances, direct operating charges, and inventory.
• Monitor manufacturing performance, analyze cost variances, and identify root causes to support operational improvements.
• Review standard costs against current cost roll-ups to ensure accuracy and support product margin analysis.
• Evaluate bill of materials (BOM) costing accuracy and communicate discrepancies or exceptions.
• Lead annual reviews and updates of material, labor, and overhead standards.
• Perform make-versus-buy analyses to support manufacturing and sourcing decisions.
• Support product line profitability analysis and annual price book reviews through margin analysis.

Inventory & Financial Controls

• Coordinate cost accounting activities to ensure accurate and timely product costing and inventory reporting.
• Analyze inventory balances, reserves, and related financial activity in accordance with U.S. GAAP and IDEX corporate policies.
• Perform monthly balance sheet reconciliations for inventory-related accounts.
• Support inventory optimization initiatives by identifying root causes and opportunities for process improvement.
• Support inventory disposition policies and procedures to maintain accurate financial reporting.

Operational & Commercial Support

• Partner with Operations to evaluate manufacturing performance, cost drivers, and opportunities to improve productivity and profitability.
• Participate in lean manufacturing and continuous improvement initiatives.
• Analyze and report commercial performance metrics, including sales, orders, and backlog.
• Partner with Finance and Commercial teams to evaluate product margins and support pricing decisions.
• Promote consistent financial reporting, cost accounting practices, and performance metrics across both manufacturing sites.

Education & Experience

• Bachelor's degree in Accounting or Finance.
• 5+ years of experience in financial planning and analysis, accounting, or a related finance function.
• 3+ years of experience in manufacturing finance or cost accounting, including standard costing, variance analysis, and inventory valuation.
• 3+ years of experience working with ERP and reporting systems; JD Edwards (JDE) and Webi preferred.
• 3+ years of experience developing financial models, forecasts, and management reporting tools.
• Advanced proficiency in Microsoft Excel; Power BI experience preferred.
• Experience supporting financial planning, reporting, or cost accounting across multiple manufacturing sites preferred.

Knowledge, Skills, & Abilities

• Strong understanding of U.S. GAAP, general accounting principles, and financial reporting requirements.
• Advanced analytical and problem-solving skills with the ability to evaluate complex financial and operational data.
• Strong attention to accuracy, detail, and data integrity.
• Ability to independently identify financial risks, challenge assumptions, and recommend solutions that support business performance.
• Strong communication skills with the ability to present financial information and recommendations to business leaders.
• Ability to collaborate effectively across Finance, Operations, Commercial, and other functional teams.
• Strong organizational and time management skills with the ability to manage competing priorities and deadlines.
• Ability to work independently, exercise sound judgment, and implement improvements with minimal supervision.
• Demonstrated ability to streamline processes, increase efficiency, and support continuous improvement initiatives.

Working Conditions & Physical Demands

• Primarily office-based, with regular interaction in manufacturing and production environments.
• Requires prolonged periods of sitting and working at a computer.
• Frequent use of computers and standard office equipment.
• May require standing and walking throughout manufacturing facilities to support operational activities.
• Requires use of appropriate personal protective equipment (PPE) when entering designated manufacturing or controlled environments.
• Regular travel between Albuquerque, NM, and Rochester, NY is required.

Additional Requirement:

Certain positions with IDEX Corporation and its business units require access to controlled goods and technologies subject to the International Traffic in Arms Regulations or the Export Administration Regulations. Applicants for these positions may need to be "U.S. Persons," as defined in these regulations. Generally, a "U.S. Person" is a U.S. citizen, U.S. national, lawful permanent resident, or an individual who has been granted refugee or asylum status.

Are you ready to join a different kind of company where our people, our culture, and our commitments are centered around providing trusted solutions that improve lives around the world?

IDEX is an Equal Opportunity Employer . IDEX gives consideration for employment to qualified applicants without regard to race, color, religion, creed, genetic information, sex, sexual orientation, gender identity or expression, marital status, age, national origin, disability, protected veteran status, or any other consideration or protected category made unlawful by federal, state or local laws.

Attention Applicants: If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process, please let us know. Likewise, if you are limited in the ability to access or use this online application process and need an alternative method for applying, we will determine an alternate way for you to apply. Please contact our Talent Acquisition Team at View email address on aiapply.co for assistance with an accommodation. These contact tools may be used only by individuals with a disability for accommodation requests. Do not inquire as to the status of an application.