Cost Analyst

We are looking for a talented Cost Analyst to join our team specializing in Finance for our Cummins Inc. facility in Fridley, MN. 

In this role, you will make an impact in the following ways: 

• Enable Smarter Decision-Making
  By providing accurate and timely cost data, you'll empower management to make informed operational and strategic decisions.
• Drive Cost Efficiency
  Your analysis of cost variances (like IPV and PPV) will help identify inefficiencies and areas for cost savings, directly influencing profitability.
• Ensure Data Integrity
  Maintaining the cost master and updating standard costs ensures consistency and reliability in financial reporting and planning.
• Support Product Lifecycle Management
  Creating and maintaining costing for new items helps ensure accurate pricing and margin analysis from product launch onward.
• Improve Financial Transparency
  Conducting cost audits and variance analysis will uncover hidden issues and provide clarity on cost drivers across departments.
• Enhance Inventory Valuation Accuracy
  Your involvement in inventory valuation ensures that financial statements reflect true inventory costs, supporting compliance and audit readiness.
• Facilitate Cross-Functional Collaboration
  By identifying data needs and working with other departments, you'll foster collaboration and streamline data flows for better analysis.
• Strengthen Strategic Presentations
  Preparing analysis and presentation materials for leadership helps translate complex data into actionable insights, influencing high-level decisions.

To be successful in this role, you will need the following: 

• Strong Financial Acumen
  You'll need a solid foundation in financial analysis, product costing, and US GAAP to interpret data accurately, assess variances, and ensure compliance in reporting and inventory valuation.
  
• Effective Communication Skills
  Success depends on your ability to tailor communications to different audiences—whether you're presenting cost insights to leadership or collaborating with cross-functional teams.
  
• Collaborative Mindset
  Building partnerships across departments is essential for gathering data, aligning on cost strategies, and driving improvements that support broader business goals.
  
• Stakeholder Awareness
  Balancing the needs of multiple stakeholders—finance, operations, supply chain—will help you prioritize tasks and deliver insights that are relevant and actionable.
  
• Agility and Continuous Learning
  Being nimble in learning and open to experimentation will help you adapt to changing business needs, refine your analysis techniques, and grow in your role.
  
• Initiative and Self-Development
  Taking ownership of your growth through formal training and informal learning will keep your skills sharp and position you as a proactive, high-impact contributor.

Education, Licenses, Certifications:
College, university, or equivalent degree in Accounting, Finance or equivalent field or studying for accounting entry qualifications.
Experience:
Minimal relevant professional work experience in the field of study required.
 

Additional Information: 

Core responsibilities: 

• This role will be responsible for completing the quarterly reactive costing process. Including interpreting, analyzing and communicating the current costing trends to stakeholders to drive financial performance that aligns to organizational goals and strategies.
• Ensure accurate and timely month-end close support for the plant, including preparation of journal entries,