Senior Inventory Cost Analyst

With a purpose to make tomorrow a little bit better than today for each other, our customers, and our communities , Ascentek provides an environment where you can love what you do and be your best every day. What you will enjoy by being a part of a 2025 USA Great Place to Work certified company: A position that is: Salary, Full time, Monday - Friday Medical Plan options, including fertility coverage and free mental health and telehealth coverage Dental and Vision Insurance FSA/HSA options Paid parental leave Company-provided short-term disability, long-term disability, and life insurance Supplemental Insurances, including accident, critical illness, hospital, and supplemental life insurance 401(k) with a generous company match Pet Insurance Benefits Tuition reimbursement 21 Paid Days Off 7 Paid Holidays Short-Term Incentive Plan (STIP), ask your Talent Partner for details Dress For Your Day (casual dress environment) Work Your Way (hybrid work) – Three days on site Paid comprehensive on-the-job training Company provided phone Company provided computer Career advancement opportunities The Senior Inventory Cost Analyst serves as a key financial partner to manufacturing and operations leadership, providing analysis and insights that improve cost performance, margins, budgeting, and operational decision-making. This Analyst plays a critical role in ensuring accurate inventory costing, analyzing variances, supporting financial reporting, and improving inventory control processes to enhance operational efficiency and profitability. This role is responsible for managing inventory costing processes, analyzing inventory transactions and variances, maintaining accurate standard costs, and supporting financial reporting and inventory control. This role includes cost analysis, inventory valuation, variance investigation, month‑end close support, and collaboration with operations, supply chain, and accounting teams. The Senior Inventory Cost Analyst ensures the accuracy, integrity, and usability of inventory and product cost data. The role blends cost accounting, inventory control, and operational analysis to support profitability and operational performance. ESSENTIAL DUTIES And RESPONSIBILITIES Inventory Costing & Valuation Manage and oversee inventory costing processes, including standard costing and inventory valuation. Develop, maintain, and update standard costs for materials, labor, and overhead. Review and maintain overhead rates and ensure accurate cost allocation. Evaluate the reasonableness of standard costs by comparing standards to actual material consumption, labor performance, production activity, purchasing trends, and expected operating conditions. Inventory Analysis & Control Analyze inventory transactions, discrepancies, and adjustments to ensure accuracy. Oversight of cycle counts and support year‑end physical inventories. Monitor inventory levels, aging, slow‑moving items, and valuation. Strengthen internal controls over inventory movement and reporting. Variance Analysis and Inventory Reporting Develop and maintain regular inventory-related financial reports and analysis of manufacturing costs, operational performance, and key financial metrics. Analyze material, labor, and overhead variances regularly. Investigate significant variances and partner with operations to resolve issues. Operational & Cross‑Functional Support Collaborate with supply chain and operations teams to improve inventory accuracy and costing. Coordinate and reconcile physical inventory counts with financial records. Conduct time studies to validate labor and machine standards. Month‑End & Year‑End Close Analyze monthly manufacturing performance and investigate significant variances to determine their underlying operational and financial drivers. Partner with accounting and operations to communicate financial results, explain cost performance, and develop actionable plans to address unfavorable trends and improve operating results. Support month-en…

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