We are seeking a highly analytical and detail-oriented Senior Analyst of Product Cost Forecasting & Budgeting to manage the financial aspects of our product portfolio. This role will be responsible for product cost forecasting, vendor invoice reconciliations, and providing key financial insights to various teams. The ideal candidate will have strong financial modeling skills, experience in forecasting, and the ability to collaborate with multiple departments to drive cost-effectiveness and profitability.
Responsibilities
Month-End Close Management:
- Oversee the month-end close process, including vendor invoice reconciliations for membership, package, and insurance segments.
- Reconcile vendor invoices with product costs and ensure accuracy for all vendor segments.
- Provide actual usage member reporting, formatting, and distribution to product, finance, and accounting teams.
- Deliver actual usage reporting and pricing to vendors for invoicing purposes.
- Present finance teams with walkdowns and recaps based on actual vs. forecast cost reconciliations.
Product Costs Financial Management:
- Manage the financials for identify protection products including monthly and multi-year forecasts.
- Analyze and forecast vendor costs for significant product cost vendors
- Track and analyze usage reporting across all benefits/channels at the client and vendor level to understand behavior and trends.
- Provide FP&A analytics and insights to product and finance teams, helping to determine profitability and cost-effectiveness.
- Vendor/Client Analytics & Benefit Cost Analysis
- Conduct benefit cost analysis and pricing using financial models to determine profitability and cost-effectiveness.
- Develop daily and monthly reports specific to benefits across all products, clients, and channels to analyze usage behavior and trends.
- Provide guidance and strategic recommendations to sales, product, and finance teams based on the analysis
Financial Analysis & Modeling:
- Evaluate benefit/vendor pricing using profitability models, identifying cost savings opportunities.
- Execute product cost savings initiatives and ensure alignment with financial objectives.
- Conduct product/benefit cost analysis by client, vendor, or channel to optimize profitability.
Qualifications
- Bachelor's degree in Finance, Accounting, or a related field.
- 5+ years of experience in financial planning, budgeting, and cost analysis.
- Strong proficiency in Excel and financial modeling.
- Ability to collaborate effectively with cross-functional teams, including finance, product, sales, and vendors.
- Analytical mindset with attention to detail and the ability to translate data into actionable insights.
Preferred Skills:
- Experience in forecasting product costs and working with vendors in a membership or subscription-based environment.
- Strong communication skills for presenting financial insights to both internal teams and external vendors.
