Cost Analyst
Job Description Template

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Job Overview 

We are looking for a Cost Analyst to be a part of our team. You will be responsible for gathering and analyzing financial data. Besides, you should also be able to create project budgets and manage the same. You should also be able to prepare financial reports, review them, and suggest improvement measures.  

Moreover, you should be able to assist in audits. Your strong analytical and forecasting skills will be helpful in exploring new market opportunities. You should also help the company in making smart decisions on product price changes and investments. 

As a Cost Analyst, you should have decent years of experience in this area of work. Additionally, you should also be able to stay up-to-date with the developments in the financial markets.  Your strong communication and networking skills will be beneficial.  

If you can help our company with cost management, then do get in touch. We would like to have a word with you. 

Responsibilities 

  • Collecting and analyzing financial data 

  • Creating, implementing, and managing budgets 

  • Monitoring budget spending on a regular basis 

  • Assisting in conducting financial audits 

  • Reviewing and suggesting cost-cutting measures 

  • Preparing and presenting accurate and detailed reports on financial processes 

  • Assisting the company on deciding on price changes, investments, and in exploring other market opportunities 

  • Forecasting production, labor, and inventory costs 

  • Performing market research and identifying new business opportunities 

  • Maintaining a record of the company’s daily expenses 

  • Conducting market analysis as and when needed 

  • Coordinating with the Accounting department to keep a track of the company's financial status 

Requirements 

  • Bachelor’s degree in Finance, Accounting, Business Administration, or a related field 

  • 3-5 years of work experience as a Cost Analyst, Credit Analyst , or a similar position in the Finance industry 

  • CPA certification is preferred 

  • Complete knowledge of the changes and developments in the financial sector 

  • Excellent analytical and mathematical skills 

  • Good time management and organizational skills 

  • Strong communication and networking skills 

  • Ability to work under pressure and manage stressful situations 

  • Good computer skills 

  • Ability to work independently and collaboratively 

  • Detail-oriented and reliable individual 

  • Ability to offer excellent customer service 

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