Cost Analyst

Cost Analyst I performs variance analysis between actual and standard costs to assist management in decision making or other financial initiatives. Monitors, analyzes, and reports on inventory valuation, production, and various other costs. Being a Cost Analyst I provides productivity analysis. May require a bachelor’s degree or its equivalent. Additionally, Cost Analyst I typically reports to a Manager. The Cost Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Cost Analyst I typically requires 0-2 years of related experience.

Cost Analyst Job Description Template

Our company is looking for a Cost Analyst to join our team.


  • Building new relationships and maintaining the relationships with current customers;
  • Provide detailed analysis to support key decisions within the project teams;
  • Identifying and winning work within your client’s industry;
  • Using and developing problem structuring methods and a variety of tools and techniques, including novel approaches where required;
  • Monthly reporting;
  • Reconciliation of the General Ledger;
  • Reporting into Cost Accountant;
  • Sox controls;
  • Sales order processing;
  • Price Variances;
  • Segmented P&Ls.


  • Experience in analysing project data (cost/risk/schedule);
  • The ideal candidate will be educated to degree level (or have experience that will enable them to meet ICEAA or AcostE membership criteria);
  • Strong Microsoft Excel skills to support analysis of data;
  • Be a trusted individual who can perform when working as part of a team or when acting independently with support from colleagues;
  • Be articulate with good presentation and written communication skills;
  • Be dependable, committed and have a genuine enthusiasm to contribute to the growth of a successful business;
  • Using logical and analytical thinking to solve complex problems for the client;
  • Working in a client’s team to influence strategic decision makers whilst delivering practical solutions.