Cost Management Specialist
We are seeking a detail-oriented and analytical Cost Management Specialist to join our manufacturing team. The successful candidate will be responsible for overseeing cost management initiatives, improving efficiency, and ensuring financial targets are met. This role involves coordinating factory cost management systems, analyzing performance indicators, and driving cost-saving projects in collaboration with cross-functional teams.
Key Responsibilities:
Cost Management Coordination
Oversee and improve the factory's cost, loss, and energy management systems. Develop and implement cost management standards to ensure data-driven decision-making. Coordinate daily cost-related activities within production workshops.
Performance Analysis & Reporting
Monitor and analyze key cost performance indicators (KPIs) within the assigned scope. Identify cost variances, investigate root causes, and recommend corrective actions. Prepare and distribute management reports on cost performance.
Manufacturing Cost Consolidation & Improvement
Consolidate cost data and drive annual/monthly cost management initiatives. Organize review meetings to track progress on cost-related projects and KPIs. Update and project annual cost targets based on operational changes.
Cross-Functional Collaboration
Work closely with production, finance, procurement, and engineering teams to execute cost reduction and efficiency improvement projects. Support business cases for cost-saving initiatives and track their financial impact.
Qualifications & Skills:
- Bachelor's degree in Business, Finance, Engineering, or related field.
- 3+ years of experience in cost control, financial analysis, or manufacturing operations.
- Strong analytical skills with proficiency in Excel and ERP systems (e.g., SAP, Oracle).
- Knowledge of manufacturing cost structures (material, labor, overhead, energy, etc.).
- Ability to collaborate effectively with multiple departments.
- Excellent communication and problem-solving skills.
- Fluent in English. Mandarin is a plus.