Cost Analyst

Cost Analyst

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 :

Preferred Skills :