Senior Financial Analyst, Cost & Margin - MFG - Schaumburg, IL

I'm partnered with a multi-million-dollar manufacturing company near Schaumburg, IL. As the organization continues to grow, they are looking to add a Senior Financial Analyst, Cost & Margin Analysis to join their team!

In this newly created role, the Senior Financial Analyst will be responsible for product costing, BOM review, commodity trend analysis, and identifying margin erosion to ensure pricing reflects true cost to serve. The position partners closely with R&D, Operations, Supply Chain, and Commercial teams to support data-driven decisions.

Client Details

I'm partnered with a multi-million-dollar manufacturing company near Schaumburg, IL. As the organization continues to grow, they are looking to add a Senior Financial Analyst, Cost & Margin Analysis to join their team!

In this newly created role, the Senior Financial Analyst will be responsible for product costing, BOM review, commodity trend analysis, and identifying margin erosion to ensure pricing reflects true cost to serve. The position partners closely with R&D, Operations, Supply Chain, and Commercial teams to support data-driven decisions.

Description

Senior Financial Analyst Responsibilities:

• Review and analyze product cost models (materials, labor, overhead, packaging).
• Validate and maintain Bills of Materials for accuracy and production alignment.
• Partner with R&D and Operations on cost impacts from formulation or process changes.
• Update and manage standard costs and labor rates within the ERP system.
• Track key commodity trends and assess financial impact.
• Provide monthly insights on cost fluctuations and inflation risks.
• Work with Procurement to align forecasts with supplier pricing and contracts.
• Perform monthly margin analysis by product, customer, and channel.
• Identify and explain drivers of margin changes.
• Build models to evaluate pricing scenarios and customer profitability.
• Provide cost-based pricing guidance and validate customer pricing.
• Support annual pricing strategies and strategic initiatives.
• Deliver financial analysis for operational and capital projects.
• Prepare cost reports, dashboards, and variance analysis for leadership.
• Maintain accuracy of costing data in ERP/BI systems.
• Improve costing processes, controls, and automation.

Profile

• Bachelor's degree in Finance, Accounting, Economics, or a related discipline
• Higher education credential preferred but not required.
• 8+ years of experience in cost accounting or financial analysis, preferably within food or manufacturing environments.
• Solid knowledge of standard costing, Bills of Materials, production processes, and key cost drivers.
• Ability to assess commodity trends and convert market data into actionable financial insights.
• Advanced proficiency in Excel; experience with ERP systems preferred.

Job Offer

• Competitive compensation package + bonus potential
• Strong benefits
• Fast growing company
• Endless opportunities for career growth
• Highly visible role, partnering with Controller
• Tons of mentorship and training from the team
• Awesome team culture

Apply today to have your resume considered within 24 hours!

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.