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Cost Planning Analyst

DENSO
Southfield, United Statesfull_timeVerifiedPosted 20 Jan 2025
💰 $70,000/yr

About the role

Job Summary: 

As a Cost Planning Analyst, the most important thing is to maximize profits. To do that, you will oversee project costs, and lead cross-functional initiatives to enhance product performance and profitability. Your responsibilities will include managing product life cycles, coordinating production and logistics strategies, and driving new business development. 

You will play a critical role in developing and executing long-term business plans, aligning with DENSO’s Global Headquarter goals, and presenting data-driven proposals to senior leadership. To adjust market changes or political issues quickly, sometimes you will make short-term strategy for tariff or semi-conductor shortage. Also, you will evaluate market and competitor data to get new business.

Key Responsibilities: 

  • Plan product specifications and pricing, and coordinate actions for effective execution collaborating with business units and each function like sales, purchasing dept. and technical center. 
  • Monitor, analyze, and forecast project costs, including labor and materials, ensuring that project budgets align with company objectives. 
  • Identify, prioritize, and develop plans for product and service improvements, including resource allocation, budget creation. 
  • Actively engage with manufacturing strategies by managing end of product life cycles, assess demand and capacity, analyze costs for in-house vs. outsourcing and identify best production site of new products. 
  • Improve product profitability short-term market trend 
  • Initiate new business strategies, sales expansion, and mid/long-term structural improvement through Analyze market and competitor data with sales, and technical center.  
  • Utilize comprehensive knowledge of company operations to create sales expansion plans and support a proactive approach to market shifts. 
  • Actively engage in a broad spectrum of management challenges focused on enhancing business performance and profitability. 
  • Prepare and present data-driven strategic proposals to senior leadership. 
  • Understand Global Headquarter (GHQ) goals for profitability and create recommendation and action plans to enhance profitability in North America 
  • Develop optimal solutions by thoroughly integration quality, cost and deliver (QCD) considerations in collaboration with various internal departments.  

Required Qualifications: 

  • 0-3 years of relevant experience in strategic planning, product management, cost analysis, preferably in manufacturing.
  • Bachelor's degree in Business, Finance, Engineering, or a related field.  
  • Understanding of financial principles related to cost analysis, budgeting, and profitability enhancement. 
  • Mathematical and analytical skills with a proven ability to interpret data and translate it into actionable insights. 
  • Proficiency in project management methodologies and tools, with a track record of successfully managing cross-functional projects. 
  • Experience in developing and implementing business strategies and product improvements. 
  • Experience with developing and presenting data-driven proposals to support strategic decisions. 
  • Ability to work effectively as part of a team and to influence others within the job area by explaining relevant facts, policies, and practices. 

Benefits Summary

  • Health, Dental, Vision, Prescription Drug plans 
  • Life and Accidental Death & Dismemberment Insurance
  • Flexible Spending Account
  • Employee Assistance Program
  • 401K with 4% company match
  • Bonus Program
  • Wellness Program
  • Onsite Fitness Center (vary by location) 
  • Tuition Reimbursement 
  • Career Development and Ongoing Training
  • Paid holidays and vacation 
  • Cafeteria and food markets (vary by location) 
  • Volunteer opportunities 
  • Employee recognition (employee and milestone events)

Salary: $70,000-$85,000

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Company

DENSO

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