Senior Product Cost Analyst
Job Location:
Milwaukee, WI - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
At Strattec were reshaping how people experience and interact with their vehicles by making access seamless secure and partnership with leading OEMs we design and deliver highly engineeredsolutionsthatcreatethe ultimate access experience for consumers.
What sets us apart is how we work and the people who make it happen. Guided by our culture pillarsThink New Do Together and Own It we collaborate across disciplines and take ownership of meaningful challenges. Our people bring new ideas to life and turn ambition into impact.
If youre an integrator problem solver or forward thinker who wants to do work that matters youll find the opportunity here to grow your craft and contribute to something bigger that shapes the future of the automotive industry.
Ready to help shape the future of access Join us at Strattec.
What We Offer
Our benefits package is designed to support your wellbeing growth and life outside of work.
Competitive compensation package including base pay regular salary reviews and short-term incentive opportunities
Comprehensive health benefits including medical dental and vision coverage with eligibility starting day one
Paid time off for vacation holidays sick time and bereavement for eligible employees
401(k) retirement savings plan with company match up to 5 percent and immediate vesting
Company-paid life insurance coverage to support you and your beneficiaries
Wellness program supporting physical emotional and financial wellbeing plus opportunities to volunteer and give back to your community
Additional local benefits may apply depending on location or facility
The Senior Product Cost Analyst serves as a valued business partner with strong business acumen who develops labor and overhead rates to establish accurate cost foundations. This role applies financial expertise to costing data and uses these ratesalong with labor estimates tooling and capital expendituresto develop and communicate precise product costs supporting customer quotations for new products and engineering changes. The analyst analyzes complex BOMs and manufacturing processes communicates cost drivers assumptions and implications organization-wide and partners cross-functionally to educate teams on product cost structure. Collaborating with Sales Engineering Manufacturing Purchasing and Assembly. Running scenario analysis changing for various cost and pricing options.
An ideal candidate quickly analyzes complex business situations to drive profit-focused outcomes.
Key Responsibilities
- Develops labor and overhead rates while partnering cross-functionally to educate teams on product cost structure.
- Applies financial expertise to costing data and communicates cost drivers assumptions and implications organization-wide.
- Analyzes complex Bills of Materials (BOMs) to develop accurate product costs including raw materials purchased parts labor overhead tooling and capital for new programs and engineering changes.
- Builds and analyzes financial models incorporating price/cost sensitivity analysis.
- Serves as a valued business partner to Sales and Product Line Managers contributing to pricing strategies that secure new business.
- Delivers comprehensive customer quote packages including piece prices tooling breakdowns and price walks from current to future states.
- Tracks program margins from launch to completion ensuring alignment with quote targets.
- Partners with Engineering Purchasing Manufacturing Quality Assembly and other departments to explain product costs identify savings opportunities and drive cost reductions.
- Develops and maintains sales forecasts and budgets for assigned products.
- Performs additional duties as assigned.
Required Qualifications
- Four-year college technical degree in Finance Business Administration or related field.
- 6-10 years of experience in product costing in manufacturing
- Advanced Microsoft Excel proficiency (financial modeling pivot tables index-match).
- Strong financial and analytical skills (e.g. make-vs-buy analysis net present value)
- Strong communication skills including executive presentations
- Proven interpersonal and teamwork abilities
Preferred Qualifications
- Experience in product costing in automotive industry
- Foreign language skills in Spanish
Strattec is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to status as a protected veteran or a qualified individual with a disability or other protected status such as race religion color national origin sex and age.
Required Experience:
Senior IC
About Company
Welcome to Strattec, headquartered in Milwaukee. We are one of the world's largest producers of automotive power access and security systems, locks and keys.
