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Cost Analyst

Location: Berea, Kentucky, United States
Job ID: R0051840
Date Posted: May 28, 2024
Segment: Astemo
Business Unit: Hitachi Astemo
Profession (Job Category): Finance
Job Type (Experience Level): Experienced
Job Schedule: Full time
Remote: No

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General Summary:

Hitachi Astemo’s Cost Management department is looking for a passionate and highly motivated Cost Analyst.  This person will be a self-starter who takes the initiative to improve their own skills and the organization.    The primary responsibility of this role is to provide analysis and leadership to improve data reporting/transparency, efficiency, and cost controls.

This position will report to the Manager of Cost Management and will work with multiple levels of the organization to provide analysis and planning.


  • Profit by Product Report & Analysis Management:
    • Ability to manage multiple business units and product P&L’s.
    • Develop and prepare monthly reporting for financial data users.
    • Analyze prior results and work with business unit teams to create accurate monthly forecasts.
    • Support internal review meetings by presenting monthly results and forecasts to business unit teams.
    • Create gap analysis to measure actual performance against budget and forecasts.
  • Budget Planning and Analysis:
    • Lead the preparation and review of the annual operating budget, including supporting Finance & Accounting and Operations Departments with a focus on target setting.
  • Cost Accounting:
    • Establish new standard cost rates annually.
    • Identify standard costing gaps to actual costs.
  • Support the implementation of a new ERP & Financial Reporting system/software, as needed.
  • Strong participation and support of Cross Function Teams.
  • Assist with other projects as needed.


Knowledge, Skills and Abilities:

  • Proficiency in Microsoft Office Suite (intermediate or above), especially Excel.
  • Progressive experience in Corporate or Manufacturing Accounting or equivalent.
  • Strong written and verbal communication skills with the ability to create and present concepts and recommendations to customers and all levels of management.

The ideal candidate will have:

  • Advanced level proficiency in knowledge of cost accounting and cost management (examples include standard costing, production productivity, forecasting, gap analysis).
  • Budget management experience.
  • Prior experience with analytical tools.
  • ERP implementation / transition experience.

Education:  Bachelor’s Degree in Finance or Accounting related field.  Equivalent work experience will be considered.

Experience:  3-5 years’ experience in Accounting/Finance; Cost Accounting, or fields related to Product Manufacturing.

Job level determined by various factors such as organization size, responsibility, career stage, and capabilities.

Supervisory Responsibilities:  None

Working conditions:

Physical Demands: Required to sit or stand for long periods of time. The employee may occasionally lift and/or move up to 25 pounds.

Travel: Domestic and international travel may be required.

Equal Opportunity Employer (EOE)-Females/Minorities/Protected Veterans/Individuals with Disabilities

If you need a reasonable accommodation to apply for a job at Hitachi, please send the nature of request and contact information to [email protected]. Queries other than accommodation requests will not be responded to.

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