Senior Cost Analyst

About the Company

Volex is a global leader in integrated manufacturing for performance-critical applications and a supplier of power products. We serve a diverse range of markets and customers, with particular expertise in cable assemblies, higher-level assemblies, data center power and connectivity, electric vehicle charging, and consumer electricals. We are headquartered in the UK and operate from 28 manufacturing locations with a global workforce of over 14,000 employees across 25 countries. Volex operates across five divisions: Complex Industrial Technology, Consumer Electricals, Electric Vehicles, Medical, and Off-Highway/Specialist Automotive. Our products are sold through our own locally based sales teams and through authorized distributor partners to Original Equipment Manufacturers (‘OEMs’) and Electronic Manufacturing Services (‘EMS’) companies worldwide. All of the products and services that we offer are integral to the increasingly complex digital world in which we live, providing power and connectivity from the most common household items to the most complex medical equipment.

About the Role

Reporting to Costing Manager, Operations Finance.

Responsibilities

• Inventory Carrying cost analysis and identify procedures to optimize freight and inventory costs.
• Do breakdown analysis on FPO and identify opportunities for cost reductions
• Prepare and maintain open book costing for each required customer quotes in a timely manner.
• Co-ordinating with internal stakeholders (Sourcing, Quote Team and Engineering) to drive faster turnaround quotation
• Create costing worksheet accurately and reflect each cost components cost based on assumptions for review with management.
• Develop and implement documents, processes, procedures and structures that ensure compliance and consistency across the business.
• Able to gather and interpret the costing sheet provided by RFQ team and analyses variances with relevant team members.
• Able to conduct detailed analysis to evaluate the historic pricing, BoM, cycle times and margin trends (current vs previous) and the product & price changes between multiple quotes.
• Maintain and develop key performance measures and tracking systems on changes and key assumptions on each customer’s quote.
• Builds strong working relationships with R&D, Finance, and Operations partners and management.
• Perform any other related projects/tasks as the need arises by the management.

Qualifications

Bachelor degree in Finance, Business Administration, Data Analytics, Data Science or other related field

Required Skills

• Minimum of 3-5 years’ experience in the similar environment.
• Strong analytical, financial skills and critical thinking abilities, with capacity to interpret complex data.
• Good communication skills in terms of presentation, documentation, and verbal communication, along with a positive attitude for teamwork.
• Fluency in English. Proficiency in Mandarin language would be a plus.
• Comfortable communicating with various teams within region.
• Excellent analytical skills, supported by solid attention to detail and accuracy.
• Proficiency in excel especially in complex formulas, macros and BI
• Ability to work independently in a fast-paced environment with minimum supervision.
• Ability to work collaboratively with cross-functional teams in different time zones.
• Background in Costing or RFQ working environment will be an added advantage
• Business analytics and/or programming skills or advanced Microsoft Office skills, or experience with analytical tools, models and methods for making key business decisions.

Equal Opportunity Statement

Volex is committed to upholding fair, inclusive, and non-discriminatory employment practices. All employment decisions are based strictly on job-related qualifications and merit, without regard to personal characteristics unrelated to job performance. We maintain a zero-tolerance policy toward discrimination, harassment, and the use of child labour. Volex also recognises and respects the right of employees to representation and collective bargaining, and we are dedicated to fostering a safe, respectful, and empowering work environment for all.