Costing Manager

What you’ll do:

Cost Strategy & IMU Optimization

• Own margin analysis and IMU optimization across all product categories.
• Identify structural cost‑saving opportunities across fabric, trims, labor, duty, freight, overhead, and COO.
• Develop scenario models to assess cost impact from fabric changes, construction shifts, MOQ adjustments, or vendor transitions.
• Partner with Merchandising and Finance to evaluate pricing strategy and margin trade‑offs.
• Proactively drive IMU expansion through cost engineering, negotiation strategy, and vendor optimization.

• Establish and validate target costs in partnership with Development and Sourcing.
• Lead and support bulk cost negotiations with data‑backed analysis.
• Audit and validate vendor cost breakdowns to ensure transparency and integrity.
• Standardize cost templates to enable comparability across vendors and regions.
• Analyze vendor cost performance trends to inform long‑term sourcing strategy.

• Analyze BOMs to identify simplification and material optimization opportunities.
• Provide cost impact analysis for design, raw material, and construction changes.
• Evaluate landed cost variables – including freight, duty, tariffs, and COO shifts – to optimize total margin.
• Partner with Technical Design and Development to implement value‑engineering solutions without compromising quality.

• Ensure alignment between negotiated costs, system costs, and financial reporting.
• Build advanced Excel models for margin tracking, forecasting, and benchmarking.
• Develop dashboards that provide leadership visibility into margin performance, risks, and opportunities.
• Establish best practices and governance to drive cost discipline across the organization.
• Create and update SOPs for cost management.

• Serve as the go‑to cost expert across Sourcing, Merchandising, Planning, and Finance.
• Support annual margin planning and long‑range financial forecasting with cost projections.
• Identify IMU risks early and recommend mitigation strategies.
• Influence decision‑making through data‑driven insights and commercial acumen.

• 7+ years of apparel costing, sourcing, or cost analysis experience.
• Strong background in bulk negotiations and vendor cost breakdown analysis.
• Demonstrated success improving IMU through structured cost strategy.
• Advanced Excel expertise (complex modeling, scenario analysis, forecasting).
• Deep understanding of BOM structures, fabric costing, yield, garment construction, and landed cost components.
• Experience partnering cross‑functionally with Merchandising, Development, Sourcing, and Finance.
• Strong commercial judgment with the ability to influence senior stakeholders.
• Highly analytical, detail‑oriented, and systems‑driven.

• CORE and Injection margins expand sustainably without compromising quality or delivery.
• Clear, actionable visibility into cost drivers across all categories.
• Leadership has proactive insight into margin risks and optimization opportunities.
• Vendor negotiations are data‑backed, structured, and strategically aligned.
• Cost integrity across PLM and financial systems is consistently accurate and reliable.

Pay Range:

• Base salary range $100,000 – $130,000. Actual base salary determined by relevant skills, qualifications, and years of experience.

• Equity:
  Discount option for purchasing FIGS stock voluntarily through the FIGS Employee Stock Purchase Plan.
• Comprehensive benefits and perks package focused on well‑being, including premium medical, dental, and vision coverage; access to wellness services through Breethe and Classpass; 100% FIGS‑sponsored life and disability insurance.
• 401(k) program with company match up to 6% of your contribution.
• Generous paid time off: 12 company holidays; flexible vacation for salaried team members; up to 3 weeks of accrued vacation for hourly team members.
• Parental and infant bonding benefits: parental leave, new parent care meals, and transition support for primary caregivers.
• FIGS‑sponsored Uber Eats voucher for in‑office weeks.
• Personalized discount code for 50% off all FIGS products; separate code for family and friends to enjoy 25% site‑wide discount.
• Access to FIGS Vet, discounted pet daycare, discounted pet insurance, and related resources.

Benefits eligibility is determined by hour requirements and length of service.

FIGS considers all Qualified Applicants, including those with criminal histories (e.g., arrests or conviction records), for Employment in accordance with applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, the Los Angeles County Fair Chance Ordinance for Employers, and the California Fair Chance Act.