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Become A Cost Analyst

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Working As A Cost Analyst

  • Interacting With Computers
  • Getting Information
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • Repetitive

  • $54,001

    Average Salary

What Does A Cost Analyst Do At Aecom

* Review and/or preparation of cost estimates,
* Cost–to-complete analyses,
* Budget updates for internal financial system (ORACLE, ePM),
* Preparation of invoices to client
* General financial tracking for program/project status including ad-hoc reports and report generation using ORACLE and a unique program reporting tool (RAC reporter),
* Maintaining the monthly finance cycle which includes invoice preparation, tracking and processing AP & AR records
* Coordination with AECOM finance staff
* Responsible for quality control function through the review of documents for internal and external purposes
* Work is expected to be performed in a highly independent manner and in collaboration with and in support of Project/Program staff

What Does A Cost Analyst Do At Apple

* Setting worldwide monthly purchase order costs including analysis and commentary on variances
* Auditing special purchase price variance claims.
* BOM management and coordination with OEMs worldwide to validate commodity costs.
* Ad Hoc analysis and support for the Business Operations team
* Working with cross functional business partners to ensure that costs for key commodities are accurately captured.
* This position provides an excellent opportunity to learn about Operations Finance from the ground up.
* Strong Excel and Filemaker skills desired; SAP and Tableau are also a plus

What Does A Cost Analyst Do At Microsoft Corporation

* Develop best-in-class commodity cost models to understand cost and operational drivers for the hardware infrastructure through conversations with suppliers, internal and external research
* Full knowledge of given component manufacturing processes and key parameters.
* This will be inclusive of every component on a given Enterprise Cloud server or storage system from the mechanical enclosure to every component on the motherboard
* Additionally, become an expert in understanding the manufacturing tradeoffs from the SMT manufacturing process to final sub mechanical assembly as well as full product assembly process.
* Partner with the sourcing managers and develop sourcing strategy with suppliers utilizing knowledge from the commodity cost model and applicable market data points
* Proactively develop and deliver the functional requirements, projects and tasks within the assigned functional team and support cross functional work streams as required
* Works with key functional leaders across sourcing, engineering and finance to support initiatives through implementation, including tracking progress, designing and monitoring key metrics, tracking performance against milestones, and delivering against plans to meet commitment and goals
* Performs strategic analyses, including but not limited to market analysis, competitive intelligence, profitability analysis, financial modeling, and business case development
* Ability to translate an opportunity into a “story” that clearly illustrates the opportunity with fact based analytics to back up the story
* Ability to convey that story internally to our sourcing team as well as externally to a supplier
* Have the versatility to utilize the analytics tools to develop a strategy around competitive analytics as well as front end engineering influence with our own engineering organization
* Minimum qualifications
* years of electronics industry experience
* BA/BS degree in an engineering field or technical field or equivalent practical experience

What Does A Cost Analyst Do At L3 Technologies

* Program control, cost reporting and variance analysis.
* Includes development of program baseline plans, preparation of quarterly program Estimate
* At
* Completion (EAC), profit/loss analysis, monthly project/program financial management and forecasting.
* Performing product cost roll-ups, supporting various quote requests (including basis of estimate and learning curve requests), limited preparation of large bid review packages and performing various briefings to management with regards to financial aspects of programs.
* Position also requires performance of other duties for program control and financial projections as required by management.
* Qualifications
* Bachelors Degree required, an Accounting/Finance degree is preferred.
* Proficiency with Microsoft Excel and other MS Office applications necessary.
* to 6 years of job related experience is preferred.
* Working knowledge of ERP systems and cost accounting concepts is desired.
* Ability to work in a fast-paced environment and frequent demanding deadlines.
* Should be a self-starter that can work well both individually and in a team environment.
* Equal Opportunity Employer – minorities / females / veterans / individuals with disabilities / sexual orientation / gender identity._
* Job
* Cost Accounting
* Primary Location
* USA-New Hampshire
* Londonderry

What Does A Cost Analyst Do At Kelly Services

* Developing and implementing of cost control dashboards and KPI’s.
* Analyzing the costs of production jobs and determine if price adjustments are necessary.
* Managing and maintaining bills of material and cost standards for work in process and finished goods.
* Analyzing variances in labor, material usage, overhead and absorption.
* Working closely with various teams to manage production costs and inventory.
* Assisting in month end close.
* In order to be considered for this opportunity, you must have:
* years of cost accounting experience within manufacturing
* Bachelor's degree
* If you or someone you know may be interested in learning more about this exciting opportunity, please apply or email your resume to: Sarah
* Panfil@kellyfinance.com

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How To Become A Cost Analyst

A bachelor’s degree is typically required to become a budget analyst, although some employers prefer candidates with a master’s degree.

Education

Employers generally require budget analysts to have at least a bachelor's degree. However, some employers may require candidates to have a master’s degree. Because developing a budget requires strong numerical and analytical skills, courses in statistics or accounting are helpful. Federal, state, and local governments have varying requirements, but usually require a bachelor's degree in one of many areas, such as accounting, finance, business, public administration, economics, statistics, political science, or sociology.

Sometimes, budget-related or finance-related work experience can be substituted for formal education.

Licenses, Certifications, and Registrations

Government budget analysts may earn the Certified Government Financial Manager credential from the Association of Government Accountants. To earn this certification, candidates must have a minimum of a bachelor's degree, 24 credit hours of study in financial management, 2 years of professional-level experience in governmental financial management, and they must pass a series of exams. To keep the certification, budget analysts must take 80 hours of continuing education every 2 years.

Advancement

Entry-level budget analysts begin with limited responsibilities, but advancement is common. As analysts gain experience, they have the opportunity to advance to intermediate and senior budget analyst positions.

Important Qualities

Analytical skills. Budget analysts must be able to process a variety of information, evaluate costs and benefits, and solve complex problems.

Communication skills. Budget analysts need strong communication skills because they often have to explain and defend their analyses and recommendations in meetings and legislative committee hearings.

Detail oriented. Creating an efficient budget requires careful analysis of each budget item.

Math skills. Most budget analysts need math skills and should be able to use certain software, including spreadsheets, database functions, and financial analysis programs.

Writing skills. Budget analysts must present technical information in writing that is understandable for the intended audience.

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Cost Analyst jobs

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Real Cost Analyst Salaries

Job Title Company Location Start Date Salary
Job Cost Analyst Horsepower Electric and Maintenance Corp. New York, NY Jan 09, 2016 $130,000
Job Cost Analyst S&E Bridge and Scaffold, LLC Carlstadt, NJ Sep 01, 2015 $130,000
Job Cost Analyst Swing Staging, LLC Islandia, NY Sep 01, 2015 $130,000
Analyst Cost and Planning Occidental Petroleum Corporation Houston, TX Jun 01, 2015 $114,400
Manufacturing Cost Analyst VFT, Inc. Montebello, CA Sep 13, 2016 $99,133
Accounting/Cost Analyst Multi Global Corp. Pembroke Pines, FL Dec 28, 2016 $86,341
Cost Analyst 4 Shaw Services, LLC Charlotte, NC Mar 02, 2016 $83,000 -
$115,000
Cost Analyst 4 Stone & Webster Services, LLC Charlotte, NC Oct 06, 2015 $83,000 -
$115,000
Construction Scheduling/Cost Analyst Swinerton Incorporated San Francisco, CA Jul 15, 2015 $82,500
Cost Analyst Turner Construction Reston, VA Jan 10, 2016 $80,000
Cost Analyst Monsanto Company Saint Louis, MO Sep 08, 2016 $76,773
Production Cost Analyst D & H Ladies Apparel LLC NY Feb 11, 2016 $76,066
Budget and Cost Analyst LW Consolidated Inc. Sunnyvale, CA Sep 18, 2015 $75,795
Cost Analyst URS Energy & Construction Inc. Houston, TX May 19, 2016 $75,000 -
$95,000
Cost Analyst Clothing Emporium Inc. Saddle Brook, NJ Sep 15, 2016 $54,951
Cost Analyst Victoria Cruises, Inc. NY Sep 01, 2015 $54,262
Budget/Cost Analyst Dc Group, Inc. Islandia, NY Sep 05, 2015 $54,158
Cost Analyst Jc Horizon Ltd Ontario, CA Sep 11, 2016 $53,768
Cost Analyst WSM Investment LLC Simi Valley, CA Dec 19, 2016 $53,664
FAB Cost Analyst Im Flash Technologies, LLC Lehi, UT Aug 22, 2016 $53,200
Cost Analyst Wellmax USA Corporation DBA Starlux Corp. Chicago, IL Jul 23, 2015 $52,666
Cost Analyst 2 Jacobs Engineering Group Inc. Herndon, VA Aug 07, 2015 $52,379 -
$86,357
Material/Project Cost Analyst SMS Infocomm Corporation Grapevine, TX Sep 13, 2016 $44,724
Cost Analyst Athena Design Group Chicago, IL Sep 24, 2015 $44,179
Cost Analyst Midtown Home Improvement, Inc. OFallon, MO Sep 01, 2015 $44,179
Cost Analyst Wellmax USA Corporation Chicago, IL Sep 21, 2016 $44,179
Cost Analyst Everlight Americas, Inc. Carrollton, TX Sep 05, 2015 $44,161
Cost Analyst S&S International LLC Houston, TX Sep 18, 2016 $44,000
Cost Analyst Top Hay, LLC Compton, CA Sep 18, 2016 $44,000

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Top Skills for A Cost Analyst

FinancialAnalysisCostAnalysisVarianceAnalysisAuditPurchaseJournalEntriesCostProposalsGeneralLedgerCostEstimatesProjectCostRawMaterialsCostReportsAnnualPhysicalInventoryCostSavingsCostDataPayrollProductCostAnnualBudgetActivityERP

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Top Cost Analyst Skills

  1. Financial Analysis
  2. Cost Analysis
  3. Variance Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Conducted meetings with operations manager and provided office financial analysis on a weekly basis.
  • Cost analysis of special projects and reports for information to managers which increased productivity and saved costs.
  • Perform weekly and quarterly manufacturing variance analysis to identify, investigate and explain drivers of significant variances.
  • Audited and analyzed daily manufacturing cost transaction variances.
  • Managed the development of contract management system to help streamline the costing process and add purchase order to the system.

Top Cost Analyst Employers

Cost Analyst Videos

The Beginning Salary of any Business Management

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