Financial Cost and Inventory Analyst

Financial Cost And Inventory Analyst

At Lakeland Industries, we're more than just a leader in the PPE sectorwe're a team of innovators, collaborators, and problem-solvers committed to protecting people around the world. Our mission is to deliver exceptional products and services that elevate safety and customer experience. If you're looking for a workplace that values creativity, teamwork, and purpose, you've found it.

As Financial Cost And Inventory Analyst, you will be responsible for planning, studying, and collecting data to determine costs of inventory activities such as raw material purchases, labor and overhead costs. This role requires ability to compile and analyze large volumes of data from multiple sources and provide management level insight. The Inventory Analyst will be responsible for reviewing and calculating product costs from our manufacturing facilities, with a focus on identifying cost-saving opportunities. This newly created position will work to streamline processes and drive improvements that help us achieve our target pricing and overall margin optimization. In addition, you will be supporting the implementation of SAP.

Job Summary Responsibilities :

• Analyzing actual manufacturing costs and preparing periodic reports comparing standard costs to actual production costs.
• Recording cost information and responsible for updating costs within ERP.
• Analyzing changes in product design, raw materials, manufacturing methods or services provided, to determine effects on cost.
• Analyzing costs and preparing reports.
• Making estimates of new and proposed product costs.
• Providing management with reports specifying and comparing factors affecting prices and profitability of products or services.
• Interface with internal and external auditors.
• Review standard and actual costs for inaccuracies.
• Validate the cost of goods sold as part of the month-end close.
• Analysis PPVs and any other cost variances.
• Prepare monthly product cost analysis for use in determining cost of sales and inventoriable cost.
• Driving analytics and processes to evaluate product cost, identifying cost reductions, and tracking to realization seasonally, annually, and for strategic plans.
• Maintaining accurate and up-to-date data in our systems to ensure consistent, reliable information.
• Conducting cost analysis to improve margin performance and deliver measurable results.
• Participates in strategic projects and initiatives, often cross-functional and across multiple geographies.
• Completes analysis on operations specific aspects of the finance operating cycle (Cost of Sales, Other Cost of Sales, and Inventory) and other manufacturing topics to provide meaningful insight into the company's financial performance.
• Analyzing and identifying opportunities for cost savings and process optimization across various facets of the business.
• Other ad hoc projects as assigned.

Essential Functions & Accountabilities :

Qualifications, Knowledge, Skills and Abilities :

Experience : 3 4 years' experience in Cost position or similar role.

Education : Bachelor's degree in Accounting, Finance or a related field required.