Cost Analyst

About the Role Corning's Global Supply Management (GSM) function is seeking an experienced Cost Analyst with a strong engineering background to develop detailed cost models, support supplier negotiations, and lead cost-reduction initiatives across the supply chain.

What You'll Do

• Develop and maintain detailed product cost models.
• Perform should-cost analysis for parts, assemblies, and manufacturing processes.
• Provide cost insights and detailed breakdowns to assist the purchasing team in supporting supplier negotiations and sourcing decisions.
• Benchmark costs against industry standards, market trends, and competitor data.
• Conduct TCO analysis to evaluate the complete lifecycle cost of goods and services.
• Evaluate supplier cost structures and identify areas for potential cost reductions.
• Analyze raw material pricing trends (metals, plastics, composites, etc.) and assess their impact on product costs.
• Estimate cycle times, labor content, machine rates, scrap, yield losses, and overhead absorption to optimize cost models.
• Support make-vs-buy decisions.
• Participate in value engineering and value analysis (VE/VA) workshops to improve cost efficiency.
• Track and report cost-saving initiatives, ensuring alignment with financial targets.

What We're Looking For

• 5+ years of experience in manufacturing costing, should-cost analysis, TCO analysis, or cost engineering.
• Strong understanding of manufacturing processes such as machining, casting, molding, welding, chemical processing, and assembly, along with their cost drivers.
• Hands-on experience with material pricing, BOM costing, and process-based costing.
• Proficiency in advanced Excel, Power Query, and other data analysis tools.
• Ability to interpret engineering drawings, specifications, and BOM structures.
• Bachelor’s degree in mechanical engineering, industrial engineering, manufacturing engineering, or a related field.

Nice to Have

• Experience in automotive, industrial, or electronics manufacturing industries.
• Exposure to lean manufacturing, Six Sigma methodologies, or cost optimization projects.
• Knowledge of global sourcing and commodity markets.
• Certification in Cost Engineering, CMA, or equivalent.
• Familiarity with Power BI for reporting and visualization.
• Familiarity with ERP systems and costing software.

Compensation & Benefits

• Salary not disclosed in the posting.