Cost Analyst

We are a fast-paced business with ambitious growth plans; so if you are dedicated, enthusiastic and always seeking ways to improve, you'll enjoy a career with us!

Ontic, a leading licensor and manufacturer of complex engineering parts for the global aerospace and defence industries, are now recruiting for Cost Analysis II to join our Estimating/Cost Analysis team. This role will be based at our Chatsworth, CA office.

Ontic is a more than just a business, we're a community of innovators who pride ourselves on fostering a culture where talent thrives, ideas flourish, and careers are built. We're committed to excellence, driving us to continuously improve and adapt, ensuring that we remain at the forefront of our industry. 

The Role:

The Cost Analyst to develops accurate, timely and supportable material and labor cost estimates for aerospace and defense products, repairs and customer proposals. This role independently manages multiple estimating requests, evaluates supplier quotations and historical manufacturing data, and partners with Engineering, Supply Chain, Program Management, Pricing and Revenue Management. The analyst maintains cost integrity in Visual ERP, identifies key cost drivers and risks, and prepares clear recommendations to support competitive, profitable proposals and management approvals.

Key Responsibilities:

•Prepare detailed material, labor and outside-processing cost estimates for new and repeat production, repair, and proposal requirements; document assumptions, sources and risks.

•  Build, validate and export bills of material (BOMs) from Visual ERP into Excel; review quantities, part numbers, revisions, routings and potential duplicate or missing costs.

•  Analyze supplier RFQs, quotations, minimum order quantities, lead times and cost breaks; assess proposed costs for fairness and reasonableness in partnership with Supply Chain.

•  Leverage purchase history, work orders, actual labor performance, prior estimates and engineering documentation to develop defendable cost recommendations.

•  Coordinate concurrent estimating and proposal activities with Program Management, Engineering, Purchasing and other functional stakeholders to meet proposal timelines.

•  Maintain accurate and current RFQ costs, assumptions and supporting records in Visual ERP and associated estimating tools, ensuring traceability and data quality.

•  Identify estimating gaps, cost escalation, obsolescence, manufacturing complexity and other risks; raise issues early and recommend appropriate cost contingencies.

•  Prepare cost summaries and management briefings, explain major cost drivers and variances, and deliver approved estimate packages to Pricing and Revenue Management.

To be considered for the Cost Analyst opening, here’s what you’ll need to bring with you:

• Bachelor’s degree in Finance, Business, Supply Chain, Engineering or a related field with at least 5 years of relevant experience; OR

•  Advanced degree in a related field with at least 3 years of relevant experience; OR

•  In lieu of a degree, at least 9 years of relevant experience.

Required: Experience in cost estimating, cost analysis, purchasing or manufacturing operations, preferably in aerospace and defense.

•  Required: Proficiency with Microsoft Excel, including cost models, data analysis and reconciliation; strong working knowledge of Microsoft Office applications.

•  Required: Ability to interpret engineering drawings, specifications, bills of material and manufacturing or repair documentation.

•  Required: Demonstrated ability to evaluate supplier quotations and historical cost or labor data and communicate cost reasonableness.

•Required: Strong organizational, analytical and communication skills; ability to manage competing deadlines and present findings to leadership.

•  Desired: Experience with Visual ERP, including BOM exports, purchasing history and RFQ cost maintenance.

•  Desired: Familiarity with aerospace supplier networks, supplier negotiations, MNDA processes and proposal support for defense customers.

Benefits 

At Ontic we care about your financial, physical, and mental wellness so we offer a range of benefits to support this, we care about what matters to you and have a valued culture of recognition and empowerment, accompanied by benefits that support work/life balance. 

Our benefits package highlights include: 

• Up to 29 days annual leave plus Bank Holidays 

• 10 hours paid volunteering time 

• Annual goal share bonus scheme for all employees 

• 24/7 Employee Assistance Program (EAP) 

• Discounts and offers from a range of retailers 

Best place to work 

We are more than the sum of our parts. And we’ve been recognized internally and externally for being so:  

• We were ranked #9 in Best Companies’ Q3 leaderboard for Best Manufacturing Company based on our employee feedback 

• 72.5% of employees who took part in our 2023 employee satisfaction survey said they are proud to work at Ontic 

No day is the same at Ontic; we have doubled in size over the last couple of years and are still in rapid growth. We attribute our success to empowering colleagues to create the opportunity, fostering an environment of autonomy where we ask for forgiveness, not permission. 

Our values 

Our values are intrinsic to everything we do: 

• We share a common sense - we’re a global family of specialists with a shared passion for precision. 

• We have the freedom to choose - we’re challengers and innovators with the freedom to think differently and challenge the status quo. 

• We create the opportunity - we’re change-makers with a clear direction and can-do spirit. 

 EOE/Minority/Female/Sexual Orientation/Gender Identity/Disability/Veteran

Compensation Pay Range

$85k-$110k

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Ontic Engineering and Manufacturing Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran
Status, or any other characteristic protected by applicable federal, state, or local law.

This position must meet export control compliance requirements.  To meet export control compliance requirements, a “U.S. Person ” as defined by 22. C.F.R. §120.15 is required.  “U.S. Person” includes U.S. Citizen, lawful permanent resident, asylee, or refugee.