Cost Specialist

About This Role

This role is responsible for key account transactional pricing, focusing on customers managed by the Program Management team, within the standard design process. It involves validating costs, developing pricing, and collaborating with Finance.

Responsibilities

• Validate food cost, labor man minutes / standards, develop pricing, create revenue builds and work with Finance on adjustments for proposals on new and/or existing business bid
• Collaborate with the Finance Department to provide the necessary inputs in the creation of Pro-Formas / Profit and Loss (P&L)
• Implement regular contractual price changes, e.g. price actions, food cost updates, support negotiations with customers in those areas
• Work with Program Management Team to ensure the Master Price Lists (MPL) are updated with cycle changes and are properly maintained and up to date
• Perform routine audits of operations to ensure compliance with contract and to identify opportunities for improvement to generate additional revenues or to produce savings
• Assist in forecasting revenues and food cost potentials in annual budget process
• Interface with Airline customers and Customer Service Centers (CSC) administration representatives on billing and pricing issues
• Determine appropriate pricing labor standards for new or changed item codes to maintain or improve margin recovery
• Perform ad-hoc analyses such as impact analyses and others for assigned customers
• Conduct product yield studies to ensure accurate menu costs

Requirements

• Bachelor’s degree in Business or Finance (preferred)
• Minimum five years financial experience
• Proven financial aptitude in respect to profit analysis, pricing strategy, and price service negotiations
• Ability to lead teams and experience interacting with senior levels
• Ability to interact and conduct presentations to customers
• Strong negotiating and organizational skills
• Advanced Excel skills
• Detail-oriented
• Strong interpersonal and communication skills

Qualifications

• Bachelor’s degree in Business or Finance
• Minimum five years financial experience

Nice to Have

• Knowledge of SAP MM

Skills

* Required skills