Financial Cost Analyst

Description Labconco Corporation, a leading manufacturer of laboratory equipment with a 100-year legacy of innovation and quality, is seeking a driven and analytical Cost Analyst to support our growing operations. The Financial Cost Analyst leads cost accounting activities, including inventory valuation, standard costing, and manufacturing variance analysis, and supports financial planning and analysis processes such as budgeting and forecasting. As a self-starter, the Financial Analyst works cross-functionally across departments to develop financial models, analyze key cost drivers, and deliver actionable insights that drive operational decision‑making and continuous improvement. Required Skills & Abilities To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. To perform this job successfully, an individual should be proficient in Microsoft Office software such as Word and Excel and Power Point skills. Previous experience in Cognos and Query are a plus. Ability to analyze and interpret large sets of data. Ability to effectively present information and respond to questions from groups of managers, clients, customers Ability to analyze data and apply math and reasoning to problem-solving. Ability to multitask and prioritize projects. Education and Experience Bachelor’s degree in accounting, finance or related field; 3+ Years of relevant finance and costing experience Manufacturing experience is a plus Experience working with ERP and large datasets. Work Environment & Physical Requirements The conditions and physical demands described are representative of those required to perform the essential functions of this job. Occasionally, employees may be required to perform these physical activities as needed for certain tasks. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions. Work environment noise level is usually moderate. Regularly talk and hear. Occasionally stand, walk, sit, use hands to handle or feel, and reach with hands and arms. Occasionally climb or balance, stoop, kneel, crouch, crawl, and taste or smell. Occasionally required to perform these lift and/or move up to 25 pounds (with assistance as needed). Use specific vision abilities, including close vision, distance, color, peripheral, depth perceptions, and the ability to adjust focus. Requirements Essential Duties and Responsibilities Maintain and update standard costs (materials, labor and overhead), as well as lead detailed variance analysis and communicate key drivers. Oversee and optimize inventory accounting (e.g., inventory valuation, reserves, obsolescence, etc.); monitor and perform analysis on inventory levels, turns, and aging. Oversee and support physical inventory counts and cycle count programs. Partner with operations, supply chain, and procurement to understand product cost drivers; collaborate to develop opportunities for improvement (e.g., supplier change, make vs. buy, efficiencies, etc.). Partner and work cross‑functionally with business leaders to support the development of the Company’s annual budget, forecasts, and long‑range plans; perform financial modelling, analyse key drivers, and provide insights to guide decision‑making. Perform financial analysis, including product pricing, cost, and margin analysis for existing products, as well as future product launches; support post‑launch reviews to assess actual vs. expected performance. Partner and work cross‑functionally with subsidiary business unit leaders to support monthly financial reviews; analyse performance, identify key drivers and variances, and provide actionable insights to support decision‑making. Assist with pricing strategy, including detailed analysis and communication with business partners. Introduce incremental improvements to key reporting to support the overall decision‑making process of the business; ensure reporting capabilities evolve as business practices change and improve. Work with IT and other departments to manage business data collection to ensure accuracy and integrity of data collected. Other Duties Performs other job duties as assigned by Sr. Financial Analyst or Finance Management. Work Schedule Normal working hours are typically 8 hour work day within the operating hours of 7:30am – 6:00pm Monday – Friday; unless otherwise discussed and/or established by the manager or seasonal schedule changes. From time to time additional hours may be required, as needed. This position is expected to work onsite. Benefits PTO, 9 paid holidays, Medical, HSA, FSA, Dental, Vision, 401k (Traditional and Roth), Company paid life insurance, LTD & STD. EOE/M/F/Vet/Disabled #J-18808-Ljbffr