Cost Analyst

Analyze manufacturing variances (purchase price, material usage, labor rate and efficiency, and overhead absorption), determine root cause with operations, and report P&L impact. Perform job, work order, product line, and customer-level margin analysis across both manufactured products and field service work.

Oilfield Services client, located in NW Houston, is looking for a Cost Analyst within the manufacturing industry.

• Bachelor in Accounting
• 4+ years’ experience in a manufacturing industry
• Maintain and update costs (material, labor, and overhead), execute cost analysis, and quantify the P&L and inventory impact of cost changes
• Develop and maintain labor and overhead burden rates; monitor absorption against actual spending and recommend rate adjustments
• Analyze manufacturing variances (purchase price, material usage, labor rate and efficiency, and overhead absorption), determine root cause with operations, and report P&L impact
• Review bills of material and routings in the ERP system for accuracy; partner with engineering and production to correct errors that distort product cost
• Own inventory valuation and reserve analysis, including work-in-process, excess and obsolete review, and cycle count and physical inventory reconciliation
• Perform job, work order, product line, and customer-level margin analysis across both manufactured products and field service work
• Support quoting and pricing with cost build-ups and should-cost analysis, and evaluate make-versus-buy and capital investment decisions
• Assist with annual budgeting, forecasting, and standard cost setting, including plant spending, headcount, and volume assumptions