Factory Planning, Cost Analyst
Daikin Europe
full-time
Posted on:
Location Type: Office
Location: Riyadh • Saudi Arabia
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Tech Stack
About the role
- Monitor and analyze factory production costs, including materials, labor, overhead, and conversion costs
- Support factory budgeting, forecasting, and cost planning in line with regional and corporate targets
- Perform detailed variance analysis between standard, actual, and budgeted costs; identify root causes and recommend corrective actions
- Track and analyze key manufacturing KPIs such as cost per unit, productivity, efficiency, scrap, yield, and capacity utilization
- Support month-end factory cost closing activities, ensuring accuracy, consistency, and compliance with reporting standards
- Partner with Manufacturing, Engineering, Supply Chain, and Quality teams to improve cost efficiency and operational performance
- Support standard cost setting, updates, and periodic reviews in coordination with relevant stakeholders
- Analyze BOM structures, routings, and production processes to identify cost optimization opportunities
- Support inventory cost analysis, including stock valuation accuracy, slow-moving and obsolete inventory reviews
- Prepare factory performance reports, dashboards, and management presentations
- Contribute to continuous improvement initiatives, including cost reduction programs, process optimization, and data quality improvements
- Support factory investment and CAPEX evaluations, including basic financial analysis and ROI assessments
- Ensure compliance with Daikin Group factory reporting standards, templates, and governance requirements
Requirements
- Bachelor’s degree in Accounting, Finance, Industrial Engineering, Mechanical Engineering, Business Administration, or a related discipline
- Minimum 4 years of experience in factory cost control, manufacturing finance, plant controlling, or production planning within a manufacturing environment
- Strong understanding of manufacturing cost structures, including materials, labor, overheads, standard costing, and variance analysis
- Hands-on experience supporting factory budgeting, forecasting, month-end cost closing, and performance reporting
- Ability to analyze production data, BOMs, routings, and manufacturing processes to identify cost drivers and optimization opportunities
- Proficiency in Excel for cost modeling, data analysis, and reporting (pivot tables, formulas, dashboards)
- Practical experience using ERP systems in a factory environment; SAP experience (CO, MM, PP) is strongly preferred
- Exposure to inventory valuation, stock aging, working capital management, and inventory cost controls
- Experience preparing factory dashboards, productivity analyses, and management presentations
- Background in HVAC, industrial manufacturing, automotive, or engineering-based production environments
- Participation in cost reduction, lean manufacturing, or continuous improvement initiatives is an advantage
- Experience working in a multinational or regional manufacturing organization
- Strong attention to detail, data accuracy mindset, and ability to work closely with cross-functional factory teams
- Clear communication skills, with the ability to explain cost drivers and variances to non-finance stakeholders
Benefits
- Good climate starts with people
- Positive environment backed by trust, creativity and continuous improvement
- Opportunities to learn and grow
- Committed to a diverse and inclusive workplace culture
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
cost controlvariance analysisbudgetingforecastingcost modelingdata analysisinventory valuationperformance reportingcost optimizationfinancial analysis
Soft Skills
attention to detaildata accuracycommunication skillscross-functional collaborationproblem-solvinganalytical thinkingorganizational skillspresentation skillsroot cause analysiscontinuous improvement mindset