Analyst Costing

Purpose of Role

• • To review, negotiate and finalize the product costs with suppliers in a timely manner.
  • To conduct vendor cost management activities at vendor end, identify the cost reduction opportunities by enhancing the product value.
  • To Support Hong kong Far East (HFE) team to analyze and complete the cost in P2M for adaptation items.
  • Standardization, cost model development, cost parameters information gathering

Key Responsibilities

• • Responsible for the cost negotiation with toys manufacturing companies and material suppliers.
  • To update the ex-factory cost for variations and adaptations in Hasbro costing systems (P2M/SAP) before first shipment to avoid revenue recognition risks and SOX non compliances.
  • To update ACR, running change costs in P2M/PQS for adaptation items of the leads for China and Vietnam vendors.
  • To update the costing for Carry Forward items after the Annual Cost Review negotiations as soon as possible to capture the full potential of the ACR savings.
  • Partner with Engineering and Sourcing on the cost estimation and evaluation of new and carry forward items
  • To create and maintain database of key market factors to support ex-factory cost analysis and negotiation (regional labor rates, resin and commodity costs, standard components etc.).
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Years of Experience Required

• • Minimum of 6 years’ experience in product costing, product engineering, industrial engineering, or procurement in manufacturing industry.

Technical Skills Requirement

• • University graduate in Manufacturing, Industrial, Mechanical, Engineering or equivalent.
  • Proficient in various PC applications (e.g. Microsoft Office, P2M, SAP) and preferable familiar with CAD and Pro E.
  • Knowledge and experience in continuous improvement approaches (e.g. Six Sigma, Lean manufacturing) and manufacturing processes is a definite advantage.
  • Knowledge of excel VBA and Power BI would be add on.

Soft Skills Requirements

• Energy & Passion: Boundless energy to get the job done. Eager to do the right things for Hasbro and not constrained by job description, function, departmental thinking.
• Internal Impact: Builds and maintains a solid network and partners intensively with Hasbro colleagues.
• External Impact: able to influence respectfully manufacturing partners and material suppliers to get the best ex-factory costs for Hasbro.
• Edge: strong negotiator with desire to Play to Win.
• Execution: Consistent, hands-on and pragmatic performer, consistently deliver on goals and tackles any performance issue and proactive solve them.
• Analytical Mindset: Must have analytical mindset and interest in current financial developments. Should be able to build learned forecast about the impact on the cost parameters like resin rates, labor rates and others.

Department

• • Costing

Office Location

• India