Cost Analyst Job Description

How do you write a job description for a Cost Analyst?

Our company is searching for a highly analytical and detail-orientated cost analyst to join our finance department. You will be responsible for preparing statements and reports, overseeing audit files, attending meetings to provide financial feedback, and training employees in cost management methods.As a cost analyst, you will possess an in-depth knowledge of accounting and cost-management systems, as well as basic computer software. The successful candidate will also be an excellent communicator, with superb presentation and problem-solving skills.

This sample Job description explainer offers guidance on key sections that are important to include for clarity, as well as suggestions for promoting the position. It provides a list of duties, responsibilities, tasks, requirements, demands for setting job expectations and the employee's ability to perform the work as described. However, it’s often not construed as an exhaustive list of all functions, responsibilities, skills and abilities.

What does a Cost Analyst do?

Responsibilities:

• Recommend and direct changes in operating procedures to improve efficiencies in payment and procurement processes.
• When necessary, offer analytical support for departmental projects.
• Coordinate with management to ensure cost forecasting reports are consistently checked and applied.
• Monitor and document actual and estimate reports.
• Stay up-to-date on project budgets and project spending.
• Examine data to help with reducing costs in all operations.
• Analyze the market and identify opportunities for growth and potential risks.
• Contribute to developing yearly operation plans, budgets, and estimating new product costs, including economic analysis.
• Give suggestions for money-saving strategies.Recommend and direct changes in operating procedures to improve efficiencies in payment and procurement processes.
• When necessary, offer analytical support for departmental projects.
• Coordinate with management to ensure cost forecasting reports are consistently checked and applied.
• Monitor and document actual and estimate reports.
• Stay up-to-date on project budgets and project spending.
• Examine data to help with reducing costs in all operations.
• Analyze the market and identify opportunities for growth and potential risks.
• Contribute to developing yearly operation plans, budgets, and estimating new product costs, including economic analysis.
• Give suggestions for money-saving strategies.

Qualifications:

• Bachelor’s degree in finance, business or relevant field.
• Between 3 – 5 years’ proven experience as an analyst in supply chain or finance.
• Excellent analytical, mathematical, and problem-solving abilities.
• Superb communication and presentation skills.
• Aptitude to succeed in a stressful and deadline-oriented environment.
• Solid understanding of Information Systems and MS Excel.

If you wish to use the content provided to make a functional job description, than you normally also need to includes relevant job details of the physical requirements, as well as certain movements that workers may encounter while on the job.This Concierge Job Description template is fully editable and printable and can be used in Google Docs, MS Word or Pages format. Get this downloadable file now and customize it according to your needs.