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Associate Cost Analyst

3 months ago

Austin, United States augmentjobs Full time
Job DescriptionJob DescriptionJob Title: Associate Cost Analyst Job Summary:

As an Associate Cost Analyst, you will support the cost analysis team by providing detailed analysis and insights into cost structures and expenditures. Your role involves tracking and analyzing costs, developing cost models, and assisting in budgeting and financial planning to ensure effective cost management and optimization.

Responsibilities:
  • Analyze and monitor cost data, including materials, labor, and overhead expenses, to identify trends, variances, and opportunities for cost reduction.
  • Develop and maintain cost models and cost allocation methodologies to support budgeting and financial planning processes.
  • Prepare detailed cost reports and analyses for management, highlighting key findings and recommendations for cost management.
  • Collaborate with various departments to gather cost data, understand cost drivers, and provide insights for cost control and efficiency improvements.
  • Assist in the preparation of budgets and forecasts by providing accurate cost estimates and assumptions.
  • Conduct cost-benefit analyses to evaluate the financial impact of proposed changes or projects.
  • Support in the development and implementation of cost control measures and processes to enhance overall cost management.
  • Stay informed about industry trends, cost management best practices, and regulatory changes that may impact cost analysis and reporting.
Qualifications:
  • Bachelor's degree in Finance, Accounting, Economics, or a related field.
  • 1-3 years of experience in cost analysis, financial analysis, or a related role.
  • Strong proficiency in cost analysis techniques, financial modeling, and data interpretation.
  • Excellent analytical skills with a keen attention to detail and accuracy in cost reporting.
  • Proficiency in Excel and other financial analysis tools.
  • Effective communication skills, with the ability to present complex cost data and insights clearly.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Familiarity with cost accounting principles and cost control methods is a plus