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Lovejoy Senior Cost Analyst

Downers Grove, IL, US, 60515

Lovejoy, a business in the Timken family of brands, is hiring a senior cost analyst.



The purpose of the position is to support the Lovejoy controller in various closing, reporting, inventory management, and business planning activities.  This includes daily, weekly, and monthly forecasting, budgeting, and reporting activities, as well as analysis of variances and their causes.  Evaluations and recommendations are reported to the Lovejoy controller, plant management team, and Timken corporate finance, as required.  


Essential Responsibilities:

  • Coordinate plant efforts for labor reporting, scrap and inventory reporting activities
  • Assist in developing and maintaining annual budgets and product cost standards for plant product lines and part numbers.
  • Assist in cost savings studies to support continuous improvement activities.
  • Assist Lovejoy controller in daily, weekly, and monthly financial accounting closing processes.
  • Provide cost information to processing departments, as required.
  • Produce monthly reports for Lovejoy controller, plant management, and corporate requirements.  
  • Work with plant personnel to correct and analyze errors and inaccurate data.
  • Work independently to complete tasks and communicate results, as required.
  • Complete other duties as assigned.


Technical/Functional Skills:

  • Demonstrated ability to lead efforts to yield accurate cost analysis and operational accounting
  • Advanced MS Office skills: Excel, Access & PowerPoint
  • Minimum of 2 years of SAP experience is required
  • Ability to team with cross-functional team members and gain their cooperation to yield desired results, as well as an ability to work independently
  • Project management skills


Basic Qualifications:

  • Bachelor's degree in accounting or finance is required; Master's degree is preferred
  • Minimum of 2 years of costing experience is required
  • Minimum of 5 years of experience in general accounting and finance, or FPNA is preferred
  • CPA is preferred


All qualified applicants shall be treated equally according to their individual qualifications, abilities, experiences and other employment standards. There will be no discrimination due to gender or gender identity, race, religion, color, national origin, ancestry, age, disability, sexual orientation, veteran/military status or any other basis protected by applicable law.

Join one of the World’s Most Ethical Companies® – an honor we’ve received ten times.


The Timken Company designs a growing portfolio of engineered bearings and industrial motion products that improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $4.5 billion in sales in 2022 and employs more than 19,000 people globally, operating from 46 countries.

Why Choose Timken?

  • Over a century of knowledge and innovation
  • A culture of top performance
  • A global, diverse environment
  • Products that contribute to a sustainable world
  • A conviction to improve communities around us
  • Competitive salary and benefits

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