Costing Analyst

As the largest pureplay adhesives company in the world, H.B. Fuller’s (NYSE: FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2025 revenue of $3.5 billion, our mission to Connect What Matters is brought to life by more than 7,100 global team members who collaborate with customers across more than 30 market segments in 150 countries to develop highly specified solutions that enable customers to bring world-changing innovations to their end markets. Learn more at www.hbfuller.com.

H.B. Fuller Portugal is a strategically important site that combines manufacturing operations with a broad range of global and regional support functions, including Finance, HR, IT, Legal, Sourcing, Supply Chain, Sales, R&D, Customer Service, and Operations. Supporting multiple regions around the world, the site offers employees unique opportunities for international exposure, cross-functional collaboration, internal mobility, and continuous career development within a globally connected environment. This commitment to employee growth and workplace culture has earned H.B. Fuller recognition as a Great Place to Work®.

Position Overview

H.B. Fuller is seeking a Costing Analyst to support product costing, inventory valuation, and financial analysis activities. This role partners with Finance, Operations, Procurement, and Supply Chain teams to ensure accurate cost data, identify variances, and support business decision-making. Based in Mindelo, Portugal, this hybrid position offers an opportunity to contribute to a global manufacturing organization.

Primary Responsibilities

• Material setup processes. Review material attributes provided by business to ensure key costing attributes are complete, accurate and in alignment with costing policies.
• Performs material master data analysis to identify discrepancies and ensure alignment with operational and financial requirements.
• Analyse moving average cost for raw material and packaging materials to identify potential material valuation errors.  Leverages knowledge of procurement and accounts payable processes and collaboration with key stakeholders such as Sourcing, Buyers, Accounts Payable and Logistics to investigate potential errors and correct common valuation errors in the system. 
• Performs the Monthly Cost Run analysis and updates, ensuring that current raw material and packaging costs are accurately reflected in intermediate and finished goods costs. Understands the impact of recipe updates, bill of materials (BOM) changes and production versions (PVs) changes on the standard cost of produced materials. Identifies potential errors and leverages knowledge of plant manufacturing processes and collaboration with plant personnel to resolve common issues independently.
• Supports the analysis of manufacturing and work-in-process (WIP) variances, with the ability to determine appropriate capitalization in alignment with Days on Hand (DOH) guidelines. Leverages knowledge of costing methodology and plant manufacturing processes to identify potential material and overhead consumption or production output to analyse significant process order variances. Collaborates with plant operations personnel to resolve and correct errors, if necessary. Also, provides relevant feedback to plant teams to improve understanding and control of variances.
• Assists in the implementation of inventory impairment calculations, developing a strong understanding of excess and obsolete (E&O) inventory concepts in collaboration with more senior team members.
• Maintains less complex financial records and contributes to the analysis of basic financial statements. Acts as a bridge by offering meaningful insights and context to team members and relevant stakeholders, including plant managers, operations business partners, GBU FP&A and General Ledger teams.
• Participates in stock take training to understand the protocols plants must follow. Supports the stock take process by addressing finance and system-related questions, extracting reports for rollforward/rollback procedures, and working with plant managers and operations business partners to ensure compliance with SOX requirements.
• Responds to product cost-related inquiries in collaboration with operations and commercial teams. Offers insights into cost behavior and potential business impacts, helping drive informed decisions by the stakeholders.

Minimum Requirements

• Bachelor’s or Master’s degree in Accounting, Finance, Economics, Management, or a related field.
• 2-3 years of experience in Cost Accounting, Controlling, FP&A, Financial Analysis, or similar finance roles.
• Advanced proficiency in Microsoft Excel and SAP.
• Fluent English communication skills, both written and spoken.
• Authorization to work in Portugal.

Preferred Requirements

• Experience in manufacturing, inventory accounting, or product costing environments.
• Proficiency in Power BI and OneStream.
• Experience within a multinational organization or a Big Four consulting firm.
• Knowledge of standard costing, inventory valuation, variance analysis, and cross-functional business partnering.

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H.B. Fuller is an Equal Employment Opportunity employer and proud to have created a collaborative culture where employees around the world are seen, heard, and respected. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability, or marital status or status as a protected veteran, or any other legally protected classification.

H.B. Fuller does not accept unsolicited resumes from recruiters, employment agencies, or staffing firms. To conduct business with H.B. Fuller, a written service agreement must be executed by Human Resources prior to submitting any information relating to a potential candidate. Without a signed service agreement, H.B. Fuller shall not be obligated for payment of any fee or compensation.