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Cost Efficiency Analyst

Location: Farmington, CT

The Cost Efficiency Analyst is responsible for evaluating, comparing, and enhancing manufacturing expenses across various production lines. This role serves as a crucial liaison between production, engineering, controlling, and global lead plants to guarantee cost clarity, pinpoint cost determinants, and implement cost-saving initiatives. The role involves supporting daily cost monitoring as well as long-term cost strategies, including localization and process enhancement projects.

Cost Analysis, Benchmarking & Target Setting

• Review and assess group monthly production cost reports to identify cost differences, root causes, and necessary steps for correction.
• Conduct benchmark analyses comparing assembly hours and fabrication costs to lead plants.
• Develop project-based action plans to bridge the cost and time gaps compared to lead plants.
• Establish and uphold cost-per-hour targets for fabrication processes; drive initiatives to reach target levels.
• Monthly review of manufacturing overhead (MOH) calculations with Controlling to highlight key changes, drivers, and risks.

Stakeholder Coordination & Reporting

• Lead monthly cost review meetings with each lead plant to discuss production costs, cost metrics, and project progress.
• Conduct cross-functional meetings with stakeholders responsible for cost metrics and project implementation.
• Support and coordinate investigations into cost measures, including data collection, analysis, and follow-up initiatives.
• Deliver monthly or quarterly updates on cost and project performance to senior leadership for all assigned product lines.

Project Engineering Support & Project Management

• Assist project engineers with cost evaluations for localization projects, including financial impact assessments and business-case reviews.
• Plan, oversee, and execute improvement, cost-saving, and localization projects concurrently to ensure timely completion and financial gains.
• Develop and maintain well-organized project plans outlining scope, timelines, risks, and cost strategies; monitor and report progress to senior management.

Experience

• 1–3 years of experience in manufacturing cost engineering, production engineering, or process improvement, preferably in sheet metal fabrication settings.
• Experience in cost benchmarking, variance analysis, and managing manufacturing KPIs.
• Proficiency in project management, including leading cross-site projects and stakeholder meetings.
• Advanced skills in Excel (PivotTables, Power Query) with preferred experience in SAP and Power BI.
• Strong analytical, organizational, and communication abilities, with willingness to work on the shop floor and occasional travel.

Education

Bachelor's degree in Industrial Engineering, Mechanical Engineering, Manufacturing Engineering, Business Administration (operations focus), or equivalent.