Cost Analyst

We are seeking a highly analytical and detail-oriented Cost Analyst to join our Cost Management team.

The successful candidate will be responsible for monitoring, analyzing, and reporting on costs and expenditures across the organization.

This role plays a key part in budget planning , cost control , and financial optimization , ensuring resources are used efficiently and aligned with the company’s strategic objectives.

Key Responsibilities:

• Budget Planning & Management Assist in the preparation, development, and review of annual budgets and forecasts.
• Monitor budget performance and identify variances between actual and projected costs.
• Provide actionable insights and recommendations to improve budget accuracy and cost-efficiency.
• Cost Analysis & Reporting Analyze cost structures and provide detailed reports on cost trends, cost allocations, and profitability.
• Prepare monthly, quarterly, and annual cost analysis reports for management.
• Work with department heads to ensure costs are within budget and highlight areas for improvement.
• Financial Modeling & Forecasting Build and maintain cost models to support strategic planning and decision-making.
• Conduct what-if scenarios and variance analyses to support business cases.
• Cross-Functional Collaboration Partner with procurement, operations, and finance teams to ensure accurate cost allocation and tracking.
• Support project managers in developing cost estimates and tracking project budgets.
• Compliance & Process Improvement Ensure compliance with internal financial policies and external regulations.
• Identify opportunities for cost savings and implement process improvements to enhance financial efficiency.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Economics, or a related field 2–5 years of experience in cost analysis, budgeting, or financial planning.
• Strong proficiency in Excel and financial modeling tools (e.g., SAP, Oracle, QuickBooks, or similar ERP systems).
• Excellent analytical, problem-solving, and communication skills.
• Ability to manage multiple priorities and meet tight deadlines.

Preferred Skills:

• Experience working in manufacturing or project-based environments, with a strong understanding of related cost structures and workflows.
• Solid knowledge of Generally Accepted Accounting Principles (GAAP) and financial compliance standards.
• Proficiency in financial analysis tools and ERP systems (e.g., SAP, Oracle, or similar platforms) is a plus. Strong analytical, critical thinking, and problem-solving skills with a keen attention to detail.
• Ability to communicate complex financial data clearly and effectively to both financial and non-financial stakeholders.
• Powered by JazzHR