Cost analyst

Job Brief

This cost analyst job description template can be used to advertise your open positions. You should adapt the requirements and duties to suit the specific needs of the job you are hiring.

Job Description

• ● Gather and analyze financial data
• ● Determine standard costs and investigate variances with actual costs
• ● Prepare detailed reports, both periodically and ad-hoc
• ● Help management make important decisions based on costs and benefits (e.g. investments, market growth, pricing changes)
• ● Create and manage budgets, and monitor spending
• ● Conduct audits on financial processes and transactions
• ● Monitor changes in processes or methods to calculate effects on overall costs
• ● Estimate product costs for existing and new products
• ● Forecast and analyze costs of processes, labor and inventory
• ● Suggest cost-reducing or profitable solutions
• ● Conduct market research to support future business planning

Job Requirements

• ● Proven experience as a cost analyst, cost specialist or similar role
• ● Experience in data, operational and financial analysis
• ● Knowledge of accounting processes and software
• ● Strong analytical skills
• ● A business acumen
• ● Great attention to detail
• ● Good communication aptitude
• ● Degree in Finance, Accounting or similar field; Certified Public Accountant (CPA) preferred