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Become A Senior Cost Analyst

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Working As A Senior Cost Analyst

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Establishing and Maintaining Interpersonal Relationships
  • Analyzing Data or Information
  • Organizing, Planning, and Prioritizing Work
  • Deal with People

  • Mostly Sitting

  • $99,130

    Average Salary

What Does A Senior Cost Analyst Do At Microsoft Corporation

* Manage global monthly cash flow projections; including issuing project specific templates, compiling a comprehensive master file, and submitting to MS Finance 2.
* Facilitate global Change Management process; including issuing agendas, facilitating review meetings, and issuing results 3.
* Administer program cost control systems; including the supervision of data entry and validation of CORs, POs and Invoices 4.
* Administer the global WBS program to ensure consistent usage of standard codes 5.
* Facilitate weekly / monthly financial reporting and review meetings 6.
* Support ad hoc reporting as requested 7.
* Oversees the implementation of cost processes and procedures 8.
* Assist with reporting critical budgetary and cost risk factors 9.
* Ensures accurate and timely submission of financial documents 10.
* Provides analytics and business insights on all collated costs and forecasts to the management team

What Does A Senior Cost Analyst Do At Caci International

* Develop and maintain cost estimates to support portfolio management activities
* Provide detailed analysis in support of Independent Government cost estimate development and services contract analysis
* Monitor funds expenditures against forecast models in close coordination with budget personnel
* Prepare acquisition related documentation (acquisition strategy, acquisition plan) and briefings (milestone briefs, fielding decision)
* Assist leaders with tracking and synchronization of all activities
* Develop cost controls, procedures, systems, and forecasting techniques to evaluate contract/program status.
* Analyze and advise on cost, schedule, and performance variance and risk analysis
* Analyze estimates against previous cost experience and recommend adjustments
* Conduct special studies on labor requirements to establish baseline costs or to create cost reductions
* Assist in the design, implementation, management, and monitoring of cost estimating systems to meet customer requirements
* Provide creative leadership from knowledge of industry best practices and most current developments in cost estimation and management
* Provide regular reporting to senior management on cost issues
* May assist in the creation of procedures and communication material that document cost estimation practices
* Participate in establishing short and long term cost objectives consistent with portfolio management strategy

What Does A Senior 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
* BS/BA Degree in Business, Finance and/or Accounting is required; MBA is preferred.
* years working in an accounting/finance function, preferably in a program finance role within the Government Defense industry.
* Experience working with and analyzing large sets of data with MS Excel
* Advanced user of MS Office applications, in particular PowerPoint and Excel (ex: Pivot Tables, vlookup function, complex formulas)
* Working knowledge of ERP systems and cost accounting concepts is desired.
* Ability to work in a fast-paced environment with 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 Senior Cost Analyst Do At Turner Construction Company

* Manage and evaluate Cost Department staff and train in project cost control and forecasting.
* Supervise the preparation of all cost reports, forecasts and other special studies as required.
* Provide an independent judgment of the indicated outcome in the Budget Analysis Report (BAR) of individual projects and make recommendations.
* Prepare financial information, forecasts and recommendations for Annual Plan.
* Train other departments and jobsite staff in cost control function.
* Evaluate data reported by Cost Analyst to ensure integrity of the data.
* Identify risks on projects that will impact earnings and develop action plans to rectify risk issues.
* Facilitate the monthly forecasting as it relates to profit center projections of revenue and earnings (Business Planning and Consolidation – BPC).
* Discuss project issues on a continual basis with the General Manager (GM) and the Financial Manager (FM).
* Attend all Operations Review Management (ORM) and project set-up meetings.
* Ensure preparation of the final Cost Audited BAR (CAB) to reconcile to the final contract value and cost.
* Track publication of BARs, CABs and IORs

What Does A Senior Cost Analyst Do At Masco Corporation

* Prepare month-end journal entries in compliance with critical reporting deadlines.
* Audit, review, and maintain bill of materials and standard costing in Oracle.
* Reconcile inventory in general ledger against the sub-ledgers.
* Compile manufacturing cost and transactional reports to support analysis and decisions by finance, supply chain or manufacturing leadership.
* Provide supporting analysis for manufacturing costs associated with Logistics cost function.
* Run reports and analyze manufacturing efficiency, volume, mix and budget variances.
* Adhere to all appropriate financial policies such as GAAP and SOX

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How To Become A Senior Cost Analyst

Most management analysts have at least a bachelor’s degree. The Certified Management Consultant (CMC) designation may improve job prospects.

Education

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA).

Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, economics, political science and government, accounting, finance, marketing, psychology, computer and information science, and English.

Analysts also routinely attend conferences to stay up to date on current developments in their field.

Licenses, Certifications, and Registrations

The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience, submit client reviews, and pass an interview and exam covering the IMC USA’s code of ethics. Management consultants with a CMC designation must be recertified every 3 years. Management analysts are not required to get certification, but it may give jobseekers a competitive advantage.

Work Experience in a Related Occupation

Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. Typical work backgrounds include experience in management, human resources, and information technology. 

Advancement

As consultants gain experience, they often take on more responsibility. At the senior level, consultants may supervise teams working on more complex projects and become more involved in seeking out new business. Those with exceptional skills may eventually become partners in their consulting organization and focus on attracting new clients and bringing in revenue. Senior consultants who leave their consulting company often move to senior management positions at nonconsulting organizations.

Important Qualities

Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.

Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.

Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals. 

Problem-solving skills. Management analysts must be able to think creatively to solve clients’ problems. Although some aspects of different clients’ problems may be similar, each situation is likely to present unique challenges for the analyst to solve.

Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time.

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Senior Cost Analyst jobs

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Senior Cost Analyst Career Paths

Senior Cost Analyst
Finance Manager Sales Manager Office Manager
Accounting Manager
7 Yearsyrs
Senior Finance Analyst Controller
Corporate Controller
12 Yearsyrs
Cost Accounting Manager Plant Controller Controller
Director Of Operations And Finance
11 Yearsyrs
Accounting Manager Controller
Finance Controller
9 Yearsyrs
Controller General Manager Sales Consultant
Finance Manager
7 Yearsyrs
Plant Controller Finance Controller Senior Finance Analyst
Finance Planning Manager
8 Yearsyrs
Finance Controller Senior Finance Analyst
Finance Project Manager
7 Yearsyrs
Cost Accounting Manager Accounting Manager Finance Manager
Manager Finance Planning And Analysis
8 Yearsyrs
Senior Finance Analyst Finance Manager Sales Manager
Marketing Manager
6 Yearsyrs
Project Manager Senior Project Manager Senior Product Manager
Product Management Director
12 Yearsyrs
Manager Finance Planning And Analysis Manager, Finance Analysis Finance Manager
Reporting Manager
8 Yearsyrs
Accounting Supervisor Accounting Manager Accountant-Contractor
Senior Accountant
6 Yearsyrs
Plant Controller Division Controller Controller
Senior Director Of Finance
14 Yearsyrs
Senior Consultant Senior Manager Director Of Information
Senior Director Of Information & Technology
13 Yearsyrs
Accounting Manager Finance Manager
Senior Finance Manager
11 Yearsyrs
Project Manager Program Manager Marketing Manager
Senior Manager Of Marketing
9 Yearsyrs
Controller Operations Manager Senior Project Manager
Senior Product Manager
9 Yearsyrs
Finance Manager General Manager
Vice President & General Manager
12 Yearsyrs
Accounting Supervisor Senior Finance Analyst Senior Manager
Vice President Of Information Technology
12 Yearsyrs
Senior Consultant Product Manager Product Management Director
Vice President, Product Management
13 Yearsyrs
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Senior Cost Analyst Demographics

Gender

  • Male

    58.2%
  • Female

    39.7%
  • Unknown

    2.1%

Ethnicity

  • White

    80.7%
  • Asian

    8.9%
  • Hispanic or Latino

    8.2%
  • Unknown

    1.5%
  • Black or African American

    0.7%
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Languages Spoken

  • Spanish

    37.5%
  • Portuguese

    6.3%
  • Chinese

    6.3%
  • German

    6.3%
  • Mandarin

    6.3%
  • Hindi

    6.3%
  • Russian

    6.3%
  • Gujarati

    6.3%
  • Ukrainian

    3.1%
  • French

    3.1%
  • Amharic

    3.1%
  • Carrier

    3.1%
  • Hebrew

    3.1%
  • Polish

    3.1%
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Senior Cost Analyst

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Senior Cost Analyst Education

Senior Cost Analyst

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Real Senior Cost Analyst Salaries

Job Title Company Location Start Date Salary
Senior Cost Analyst SK E and C USA, Inc. Houston, TX Jul 10, 2015 $102,003 -
$134,820
Senior Cost Analyst Technip USA, Inc. Houston, TX Dec 07, 2012 $94,554
Senior Cost Analyst Technip USA, Inc. Houston, TX Jul 09, 2010 $90,000
Senior Cost Estimating Analyst American Axle & Manufacturing, Inc. Detroit, MI May 03, 2014 $77,149
Senior Project Cost Analyst Aquatech International Corporation Canonsburg, PA Sep 30, 2015 $74,316
Senior Product Costing Analyst Diageo North America, Inc. Norwalk, CT Sep 14, 2011 $66,758 -
$88,000
Senior Operations Cost Analyst World Minerals Inc. Lompoc, CA Sep 14, 2011 $62,000 -
$93,300
Senior Cost Analyst Sampco, Inc. Chicago, IL Oct 01, 2012 $60,258 -
$63,000
Senior Cost Analyst App Pharmaceuticals, LLC Schaumburg, IL Oct 01, 2011 $59,883 -
$90,915
Credit Guarantee Costing Senior Federal Home Loan Mortgage Co. McLean, VA Jul 31, 2013 $58,600 -
$150,300

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Top Skills for A Senior Cost Analyst

FinancialAnalysisVarianceAnalysisCostAnalysisProductLineExternalAuditorsMonthlyJournalEntriesGeneralLedgerAnnualPhysicalInventoryProposalCostEstimatesAnnualBudgetProjectManagementEvmsActivityA/PBaselineBalanceSheetCostReductionCostSavingsBusinessUnit

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Top Senior Cost Analyst Skills

  1. Financial Analysis
  2. Variance Analysis
  3. Cost Analysis
You can check out examples of real life uses of top skills on resumes here:
  • Maintained operations budget and forecast records, financial metrics and performed financial analysis of actual results versus forecasts and budgets.
  • Created daily and monthly Cost and Variance analysis for the Owners and Management Team.
  • Assist with Cost Analysis for Foreign Excess Personnel Property transferred to Afghan Government.
  • Analyze Daily Settlement Orders for all US plants for 6 product lines and 8 services categories.
  • Led successful surveillance audits of performance measurement processes and controls with internal and external auditors.

Top Senior Cost Analyst Employers

Senior Cost Analyst Videos

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