Supplier Cost Analyst I

Education and Experience Requirements

Bachelor's Degree in accounting, finance, business administration, or a related curriculum required or an equivalent combination of education and experience. Advanced Degree may be used to offset 1 year of the experience requirements. 2 years of related experience required. with increasing financial or procurement responsibility. Working knowledge of cost build up process and ability to assess reasonableness of cost elements.

Position Purpose:

Under close supervision of the Supplier Cost Analysis Manager, performs cost/price analysis on primarily low-dollar-value proposals submitted by outside suppliers. Supports Purchasing in establishing negotiation strategies and objectives, while being generally responsible for taking the role in cost/price/financial-related negotiations with suppliers. Ensures lot cost risks and opportunities are properly communicated.

Job Description

Principle Duties and Responsibilities:

Essential Functions:

1. Evaluates supplier proposals, to include consideration of short- and long-term financial implications, via various methods (cost analysis, on-site fact finds, price analysis, competitive analysis, etc.). Develops cost/price positions for negotiations. Communicates cost/price positions to Purchasing.
2. Negotiates with suppliers to defend and argue cost/price positions, to include contract terms and conditions with financial implications.
3. Evaluates financial stability of suppliers via various techniques, including analysis of financial statements, and, based on results, makes recommendations on follow-up intervals and/or further courses of action.
4. Maintains a solid level of knowledge with respect to government-published cost and price indices and economic forecasts as they relate to parts, components, commodities, and services purchased by Gulfstream. This includes understanding the mechanics and applications of price adjustment formulas, which utilize these indices and forecasts.
5. Ensures accurate and timely communication of lot cost risks and opportunities to Material Finance.
6. Maintains an environment of continuous process improvement, both in support of operations and with financial/procurement processes.

Additional Functions:

1. Identifies cost reduction opportunities. .

Perform other duties as assigned.

A credit history check from a national credit bureau will be conducted for all candidates for this position including new hires and current employees seeking promotion or transfer. This job requires one to be able to read, write, speak, and understand the English language.