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Cost Analyst

Cost Analyst

Foxconn CorporationHouston, TX, US
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Job Description

Job Description

We are seeking a highly analytical and detail-oriented Cost Analyst to join our Cost Management team. The successful candidate will be responsible for monitoring, analyzing, and reporting on costs and expenditures across the organization. This role plays a key part in budget planning , cost control , and financial optimization , ensuring resources are used efficiently and aligned with the company’s strategic objectives.

Key Responsibilities :

  • Budget Planning & Management

Assist in the preparation, development, and review of annual budgets and forecasts.

  • Monitor budget performance and identify variances between actual and projected costs.
  • Provide actionable insights and recommendations to improve budget accuracy and cost-efficiency.
  • Cost Analysis & Reporting

    • Analyze cost structures and provide detailed reports on cost trends, cost allocations, and profitability.

  • Prepare monthly, quarterly, and annual cost analysis reports for management.
  • Work with department heads to ensure costs are within budget and highlight areas for improvement.
  • Financial Modeling & Forecasting

    • Build and maintain cost models to support strategic planning and decision-making.

  • Conduct what-if scenarios and variance analyses to support business cases.
  • Cross-Functional Collaboration

    • Partner with procurement, operations, and finance teams to ensure accurate cost allocation and tracking.

  • Support project managers in developing cost estimates and tracking project budgets.
  • Compliance & Process Improvement

    • Ensure compliance with internal financial policies and external regulations.

  • Identify opportunities for cost savings and implement process improvements to enhance financial efficiency.

    • Qualifications :

  • Bachelor’s degree in Accounting, Finance, Economics, or a related field
  • 2–5 years of experience in cost analysis, budgeting, or financial planning.
  • Strong proficiency in Excel and financial modeling tools (e.g., SAP, Oracle, QuickBooks, or similar ERP systems).
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to manage multiple priorities and meet tight deadlines.

    • Preferred Skills :

  • Experience working in manufacturing or project-based environments, with a strong understanding of related cost structures and workflows.
  • Solid knowledge of Generally Accepted Accounting Principles (GAAP) and financial compliance standards.
  • Proficiency in financial analysis tools and ERP systems (e.g., SAP, Oracle, or similar platforms) is a plus.
  • Strong analytical, critical thinking, and problem-solving skills with a keen attention to detail.
  • Ability to communicate complex financial data clearly and effectively to both financial and non-financial stakeholders.

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    Cost Analyst • Houston, TX, US