Cost AnalystReports To: VP Finance, Thermal Solutions SBGLocation: Orillia, Ontario Who We Are - ThermonThermon is a diversified technology company and a global leader in industrial process heating, temperature maintenance, environmental monitoring, and temporary power distribution solutions. We deliver engineered solutions that enhance operational awareness, safety, reliability, and efficiency while achieving the lowest total cost of ownership.Thermon offers over 250 products, software, and services across multiple brands, providing a range of offerings from boilers, transportation heaters, and liquid load banks to tubing bundles and heat trace systems. From the relentless demands of chemical plants and the intricate networks of rail and transit to the vital pulse of power generation, we innovate solutions that ensure optimal operation, protect critical assets, and maximize efficiency.We care deeply about the success of our customers, the well-being of our people, and the reliability of every product we design. This drives our unwavering commitment to safety and integrity in everything we do. Through collaboration, we unite a rich legacy of expertise with a trusted global team, partnering side by side with our customers. Position SummaryThe Cost Analyst is a member of the Business Group Finance team responsible for providing cost analysis, cost reporting, and productivity project analysis and planning support to manufacturing operations. This role works closely with Plant Managers, Operations Leaders, Supply Chain teams, and Product Management to ensure operational performance improvement, cost reduction, productivity initiatives, accurate cost capture and documentation on projects, and complexity reduction targets are achieved, and to ensure decisions are data-driven and fact-based.labor, material, supplies) and indirect (e.g., overhead, administration) costs while supporting continuous improvement efforts,



and will from time to time collaborate with the global Operating Excellence and Business Transformation teams on plant- or facility-wide improvement and transformation projects. The Cost Analyst will also play a supporting role in evaluating capital investments, maintaining product costing assumptions, monitoring manufacturing efficiency, and identifying operational cost improvement opportunities and supporting plant productivity initiatives through data-driven analysis.Key ResponsibilitiesManufacturing and Operational Cost AnalyticsAnalyze labor, material, and overhead spending trends and actuals.Monitor key manufacturing performance metrics including productivity, absorption, efficiency, scrap, yield, and throughput.Prepare performance benchmarking analyses across value streams within the assigned facilities and operations.Perform variance analysis and identify root causes of significant cost fluctuations.Provide recommendations to improve operational and financial performance.Support monthly plant performance reviews through preparation of operational and financial metrics.Support continuous improvement, lean manufacturing, and productivity initiatives through financial analysis.Provide financial analysis supporting operational improvement initiatives and investment decisions.Evaluate the financial impact of changes in labor rates, material costs, production methods, and sourcing strategies.BOM & Routing ValidationReview Bills of Materials (BOMs) and routing structures to ensure accurate product costing.Partner with Engineering and Manufacturing teams to validate labor standards, routing assumptions, machine rates,



and material consumption.Support new product introductions and engineering changes by evaluating costing impacts and documenting supporting time-study data.Capital Investment AnalysisSupport business case development for capital expenditures and operational improvement projects.Perform return on investment (ROI), payback, NPV, and sensitivity analyses.Track post-implementation results and compare actual benefits to original investment assumptions.Operational Finance SupportPartner with Plant Managers and Operations Leaders to provide cost insight and analytics supporting operational decision-making.Participate in plant performance reviews and operational planning discussions.Prepare monthly cost performance reports, KPI dashboards, and management presentations.Support plant-level and enterprise-wide financial planning activities.Collaborate and share learnings and analytical methods with other cost analysts and business FP&A; team members.Required QualificationsEducationBachelor's degree in Finance, Accounting, Economics, Industrial Engineering, Business Administration, or a related field.Experience3 to 7 years of experience in FP&A;, operations finance, manufacturing finance, cost analysis, or financial analysis.Experience supporting industrial/manufacturing environments required.Experience working with manufacturing plant operations, supply chain, engineering, or continuous improvement teams.Strong understanding of operational performance metrics and metric design and development.Ability to develop buy-in and influence operational leaders through data-driven insights.Experience with ERP systems, preferably Microsoft D365 or similar platforms.Experience with Power BI or other business intelligence tools.Technical SkillsAdvanced Microsoft Excel and financial modeling capabilities.Financial and cost model building.Analytical and data visualization skills.Capital investment analysis.Productivity and continuous improvement programs.Financial planning and forecasting.Continuous improvement mindset.Solid organizational and project management abilities.Ability to work cross-functionally across Operations, Engineering, Supply Chain, and Finance.

📌 Finance Estimator (Orillia)
🏢 Thermon
📍 Orillia