Lead Cost Analyst

Lead Cost Analyst

About Advanced Energy
Advanced Energy Industries, Inc. (NASDAQ: AEIS), enables design breakthroughs and drives growth for leading semiconductor and industrial customers. Our precision power and control technologies, along with our applications know-how, inspire close partnerships and innovation in thin-film and industrial manufacturing. We are proud of our rich heritage, award-winning technologies, and we value the talents and contributions of all Advanced Energys employees worldwide.

Position Summary:

The Lead Cost Analyst is responsible for overseeing and managing all aspects of cost control and financial analysis of a product. This includes understanding operations costs that impact the product cost and providing recommendations for savings. The Lead Cost Analyst will collaborate closely with other stakeholders to ensure effective cost management throughout the organization.

Responsibilities:

• Analyse and evaluate product cost data to determine potential savings plan
• Develop and implement cost control measures to ensure projects meets the improved GP margin targets
• Collaborate with project managers and stakeholders to establish cost objectives and monitor progress
• Prepare and present cost reports, including variance analysis and cost projections
• Identify and mitigate potential risks and issues related to project costs

Qualifications:

Required Education & Experience

• Bachelor’s degree in engineering or business
• 10+ years relevant work experience in Manufacturing , engineering, or a related industry

Knowledge and Skills

• Deep understanding of product cost breakdown structure and operational metrics that drive product cost
• Ability to proactively find issues and opportunities or lead initiatives to improve product cost
• Math skills
• Communication skills
• Attention to detail
• Interpersonal skills
• Possesses excellent organizational skills and proven ability to manage multiple projects concurrently
• Ability to handle stress

Desired Skills

• Ability to apply process improvement, lean six sigma or other improvement tools for optimizing processes and improving costs
• Capable of building/implementing innovative strategic cost reduction programs with customers, suppliers, and other stakeholders
• Strong knowledge of relevant software, quality assurance methods, tools, and quality manufacturing processes
• Analysis, critical thinking, and problem-solving skills

As part of our total rewards philosophy, we believe in offering and maintaining competitive compensation and benefits programs for our employees in order to attract and retain a talented, highly engaged workforce. Our compensation programs are focused on equitable, fair pay practices including market-based base pay, an annual pay-for-performance incentive plan, we offer a strong benefits package in each of the countries in which we operate.

Advanced Energy is committed to diversity in its workforce including Equal Employment Opportunity for Minorities, Females, Protected Veterans, and Individuals with Disabilities.
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