Cost Analyst

We’re looking for people who put their innovation to work to advance our success – and their own. Join an organization that ensures a more secure world through connecting and protecting our customers with inventive electrical solutions.

WHAT YOU WILL EXPERIENCE IN THIS POSITION:

• We are seeking a skilled and experienced Cost Analyst to join our finance team. As a Cost Analyst, you will play a meaningful role in analyzing, monitoring, and optimizing the costs associated with our operations and projects. Your expertise in cost analysis, financial modeling, and data interpretation will contribute to informed decision-making and overall financial success!

Cost Analysis: Conduct a thorough analysis of operational and project-related costs, identifying trends, patterns, and areas for improvement. Collaborate with cross-functional teams to capture cost-related data and insights. Lead annual cost roll process across multiple manufacturing facilities.

Process Improvement: Identify opportunities to streamline cost reporting processes, enhance data accuracy, and optimize resource allocation.

Data Interpretation: Analyze large datasets to extract meaningful insights, trends, and correlations that can drive cost-saving initiatives and improvements in execution.

Financial Modeling: Develop and maintain financial models to forecast and project costs for upcoming initiatives, providing accurate and timely information to support budgeting and planning processes.

Variance Analysis: Perform detailed variance analysis to compare actual costs against budgeted and forecasted figures. Identify and communicate discrepancies, providing useful recommendations to improve cost efficiency.

Reporting: Prepare regular and ad-hoc cost analysis reports for management, highlighting key findings, cost drivers, market cost analysis and potential cost reduction opportunities.

Cost Allocation: Collaborate with accounting teams to allocate costs accurately and ensure proper cost classification in accordance with organizational guidelines and industry standards.

Collaboration: Work closely with cross-functional teams, including finance, operations, procurement, and project management, to ensure alignment of cost-related goals and strategies.

Recommendations: Provide actionable recommendations based on cost analysis findings to help guide decision-making, mitigate risks, and optimize resource allocation.

Adherence to Regulations: Ensure compliance with financial regulations, standards, and internal policies while performing cost analysis and reporting.

YOU HAVE:

• Bachelor’s degree required (ideally accounting or finance)
• Ideally 3 years as a Cost Analyst or similar role.
• Ability to work 3 days a week from our New Berlin, WI site and 2 days from home (if needed) We are also open for 5 days in the office.
• Proficiency in financial modeling, data analysis, and cost management concepts.
• Advanced proficiency in Microsoft Excel; experience with financial software and ERP systems is a plus.
• Ability to work independently, manage priorities, and meet deadlines in a fast-paced environment.
• Familiarity with manufacturing-specific cost drivers and trends is a plus.

WE HAVE:

• A dynamic global reach with diverse operations around the world that will stretch your abilities, provide plentiful career opportunities, and allow you to make an impact every dayAt nVent, we connect and protect a more sustainable and electrified world with inventive electrical solutions. We’re a nearly $3 billion high-performance electrical company with a dedicated team of 10,000 people at more than 130 sites around the world. Our solutions deliver value to industrial, commercial, residential, energy and infrastructure customers, providing mission critical solutions that improve performance, lower costs and reduce downtime.

We design, manufacture, market, install and service high-performance products and solutions that connect and protect mission critical equipment, buildings and essential processes. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.

• Commitment to strengthen communities where our employees live and workWe encourage and support the philanthropic activities of our employees worldwide

Through our nVent in Action matching program, we provide funds to nonprofit and educational organizations where our employees volunteer or donate money

• Core values that shape our culture and drive us to deliver the best for our employees and our customers. We’re known for being:Innovative & adaptable

Dedicated to absolute integrityFocused on the customer firstRespectful and team orientedOptimistic and energizingAccountable for performance

• Benefits to support the lives of our employees

At nVent, we connect and protect our customers with inventive electrical solutions. People are our most valuable asset. Inclusion and diversity means that we celebrate and encourage each other’s authenticity because we understand that uniqueness sparks growth.

Job Type: Full-time

Pay: $59,740.00 - $114,300.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Parental leave
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift

Supplemental pay types:

• Bonus opportunities

Ability to commute/relocate:

• New Berlin, WI 53151: Reliably commute or planning to relocate before starting work (Required)

Work Location: Hybrid remote in New Berlin, WI 53151

Salary : $59,740 - $114,300