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Cost Analyst
balchem
 
Job Location: Maryland Heights, MO

COMPANY OVERVIEW:

Balchem Corporation develops, manufactures and markets specialty ingredients that improve and enhance the health and well-being of life on the planet, providing state-of-the-art solutions and the finest quality products for a range of industries worldwide. Our corporate headquarters is located in New Hampton, New York, (Hudson Valley area) and we have a broad network of sales offices, manufacturing sites, and R&D centers, primarily located in the US and Europe. Founded in 1967, Balchem is a publicly traded company (NASDAQ BCPC) with annual revenues over $640 million and a market cap exceeding $3.0 billion.The company consists of three business segments: Human Nutrition & Health; Animal Nutrition & Health; and Specialty Products. Balchem employs over 1,400 people worldwide who are engaged in diverse activities, committed to developing the company into global market leadership positions. To learn more about our dynamic, stable and growing company, visit www.balchem.com

POSITION SUMMARY:
Balchem is looking for a Cost Analyst. Responsibilities will include providing financial support to the company's Procurement and Engineering functions. The individual should have an eye towards continuous improvement, leveraging technology and other solutions to automate and scale our processes to enable strategic decisions. The individual must possess excellent critical thinking skills, strong interpersonal and communication skills, and possess an attention to detail.

ESSENTIAL FUNCTIONS:

  • Liaison between Balchem Corporate Purchasing and key Finance & Accounting stakeholders such as Commercial Finance and Cost Accounting
    • Develop the company's capabilities regarding raw material budgeting & forecasting; own standard cost setting for direct material spend
    • Analyze progress against budget/forecast and provide clear insights regarding purchase price variance drivers and related impact on company's profitability
    • Support Procurement organization's cost improvement initiatives; confirm and approve presented savings
    • Ad Hoc support for MRO purchases, as required
  • Act as a primary Finance business partner with the company's Engineering team
    • Improve process for tracking actual project costs & forecasting future project spend & cashflow
    • Track actual ROI on completed projects; develop insights regarding variance vs. planned returns
    • Partner with project managers & general accounting to ensure timely closure of capital projects in the company's accounting systems
    • Investigate ERP capabilities regarding project management
  • Other Ad Hoc as needed

REQUIREMENTS:

  • Bachelor's degree in Accounting or Finance. MBA a plus
  • 3-5 years of directly related Finance experience within a manufacturing/supply chain organization
  • Strong Excel Skills, Microsoft office suite, Power BI a plus
  • Excellent analytical, mathematical, and problem-solving abilities
  • Aptitude to succeed in a competitive and deadline-oriented environment
  • Solid understanding of Information Systems/ERP Systems

WORKING CONDITIONS:

  • Work is mostly sedentary
  • Operate typical office equipment
  • Work is conducted in an office setting

#IN

Balchem is committed to a workplace culture that values and promotes diversity, inclusion, equal employment opportunities, and a work environment free of harassment and hostility.






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