Strattec Security Corporation

Senior Product Cost Analyst

Strattec Security Corporation  •  Auburn Hills, MI (Onsite)  •  1 month ago
Apply
AI can make mistakes so check important info. Chat history is never stored.

Job Description

Responsibilities

The Senior Product Cost Analyst serves as a valued business partner with strong business acumen who develops labor and overhead rates to establish accurate cost foundations. This role applies financial expertise to costing data and uses these rates—along with labor estimates, tooling, and capital expenditures—to develop and communicate precise product costs supporting customer quotations for new products and engineering changes. The analyst analyzes complex BOMs and manufacturing processes, communicates cost drivers, assumptions, and implications organization-wide, and partners cross-functionally to educate teams on product cost structure. Collaborating with Sales, Engineering, Manufacturing, Purchasing and Assembly. Running scenario analysis changing for various cost and pricing options.

An ideal candidate quickly analyzes complex business situations to drive profit-focused outcomes.

Key Responsibilities

  • Develops labor and overhead rates while partnering cross-functionally to educate teams on product cost structure.
  • Applies financial expertise to costing data and communicates cost drivers, assumptions, and implications organization-wide.
  • Analyzes complex Bills of Materials (BOMs) to develop accurate product costs, including raw materials, purchased parts, labor, overhead, tooling, and capital for new programs and engineering changes.
  • Builds and analyzes financial models incorporating price/cost sensitivity analysis.
  • Serves as a valued business partner to Sales and Product Line Managers, contributing to pricing strategies that secure new business.
  • Delivers comprehensive customer quote packages, including piece prices, tooling breakdowns, and price walks from current to future states.
  • Tracks program margins from launch to completion, ensuring alignment with quote targets.
  • Partners with Engineering, Purchasing, Manufacturing, Quality, Assembly, and other departments to explain product costs, identify savings opportunities, and drive cost reductions.
  • Develops and maintains sales forecasts and budgets for assigned products.
  • Performs additional duties as assigned.

Qualifications

Required Qualifications

  • Four-year college technical degree in Finance, Business Administration, or related field.
  • 6-10 years of experience in product costing in manufacturing
  • Advanced Microsoft Excel proficiency (financial modeling, pivot tables, index-match).
  • Strong financial and analytical skills (e.g., make-vs-buy analysis, net present value)
  • Strong communication skills, including executive presentations
  • Proven interpersonal and teamwork abilities

Preferred Qualifications

  • Experience in product costing in automotive industry
  • Foreign language skills in Spanish

Strattec Security Corporation is an equal opportunity employer and practices affirmative action to recruit, hire, train, upgrade, transfer and promote persons in all job titles without regard to race, color, creed, religion, sex, age, national origin, disability or protected veteran status.

Strattec Security Corporation

About Strattec Security Corporation

Strattec Security Corporation, headquartered in Milwaukee, Wisconsin, is one of the world's largest producer of automotive locks and keys. STRATTEC designs, develops, manufactures and markets mechanical locks, electronically enhanced locks and keys, and ignition lock housings; access control products, including latches, power sliding door systems, power lift gate systems, power deck lid systems, door handles and related access control products for North American and global automotive customers. STRATTEC ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full service aftermarket support. STRATTEC also supplies products for the heavy truck and recreational vehicle markets, as well as precision die castings.

STRATTEC's mission is to provide the highest value mechanical, electro-mechanical and electronic security/access control products for the global motor vehicle industry. We will do so in a manner which ensures our customers'​ total satisfaction with the products and services we supply and provides enhanced economic value to our shareholders.

Industry
Unknown
Company Size
501-1,000 employees
Headquarters
Milwaukee, WI
Year Founded
1995
Social Media