Cost Analyst - Product

Are you an engineering professional with expertise in manufacturing cost modelling? We are seeking a Cost Analyst - Product to join a dynamic team on a 3-month contract, based in Adelaide surrounds, with an immediate start. This role offers the opportunity to make a tangible impact by analysing existing electrical products and developing accurate, defensible cost models that drive business decisions.

Key responsibilities:

• Analyse existing product ranges, build detailed costed BOMs for manufactured products, covering raw materials and mechanical parts/assemblies.
• Estimate manufacturing labour content, assembly processes, tooling amortisation, and overhead allocation.
• Benchmark current product costs against industry norms and alternative design/material/sourcing approaches.
• Identify cost-down opportunities without compromising quality through material substitutions, design simplifications, component rationalisation, and process efficiencies.
• Prepare clear cost breakdowns suitable for internal reviews and supplier negotiations.
• Delivering costed BOMs for selected products, providing comparative cost models and identifying cost-reduction opportunities.

Required experience & skills:

• Proven experience in manufactured product cost modelling across electrical/electronic accessories or electromechanical products.
• Strong understanding of BOM costing, real cost drivers, electronics/plastics manufacturing, and offshore manufacturing.
• Ability to reverse-engineer costs from finished products, drawings, and specifications.
• Advanced Excel skills with the ability to build cost models from scratch.
• Comfortable working with imperfect data and making reasonable assumptions.

To be successful in this role, you will need to have:

• A background in product engineering, manufacturing engineering, or cost engineering.
• The ability to work independently with minimal supervision while delivering practical and analytical insights.
• A strong understanding of how product costs impact business outcomes.
• Excellent communication skills to explain findings to both technical and non-technical stakeholders.

This is an exciting opportunity for a hands-on professional who thrives in a fast-paced environment and enjoys solving complex challenges related to product costing and optimisation.

If this sounds like you, apply now or contact me directly for more information!

Robert Walters Australia is acting as an Employment Business in relation to this vacancy.