Cost Analyst Resume Samples

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Cost Analysts are responsible for managing a company's resources, analyzing costs, reporting to management and helping executives take the best decisions. Typical duties listed on a Cost Analyst resume are balancing costs and benefits, implementing process improvement solutions, assessing performance, and determining unit costs. The most successful resume samples showcase qualifications like accounting expertise, analytical thinking, excellent math skills, communication abilities, and research and presentation skills. Most candidates for this role possess a degree in accounting, finance or statistics.

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1

Cost Analyst

Responsible for development of final cost for all manufactured products, actual to standard cost analysis, inventory management, and providing support for corporate initiatives.

  • Developed accounting methods and system procedures for international shipments, resulting in streamlined operations and annual savings over $600,000.
  • Compiled data and generated reports needed to conduct product planning during plant closure, ensuring accuracy and appropriate inventory management.
  • Participated on process improvement team to audit AS400 transactions, providing recommendations that expedited issue resolution and reduced costs.
  • Designed spreadsheet to balance accounts payable data, eliminating discrepancies and liability risk.
Candidate Info
16
years in
workforce
8
years
at this job
AAS
Accounting
BA
Accounting
2

Cost Analyst - Supervisor

Supervised, trained and developed 7 Cost Auditors and 3 Documentation Clerks. Analyzed actual versus estimated cost variances for accessories, apparel, and jewelry and performed standard costing for cosmetics. Resolved and analyzed items on monthly aging report.

  • Prepared and provided documentation to internal and external audits.
  • Evaluated cost standards on newly created inventory items and Purchase Price Variance reporting.
  • Ensured standard cost accuracy and completeness by performing root cause analysis, item master, bill of material and labor routing audits.
  • Identified and recovered approximately $200K annually through cost analysis and audit.
  • Collaborated with internal partners (Production & Finance) on cost variance analysis ensuring forecasting was on target.
Candidate Info
6
years in
workforce
2
years
at this job
BS
Business Administration
3

Contract Senior Cost Analyst

Performed procurement audits of Subcontractors and Sub-tier proposals exceeding $700K.

  • Conducted cost analysis in accordance with FAR Parts 15 and 31 for all elements of cost.
  • Contributed to 87% reduction of proposal backlog in 2013.
  • Assisted in 70% reduction of cycle time of proposal submittal including communication with DCAA and DCMA Assist Audits with Government Contracting Officer.
Candidate Info
20
years in
workforce
2
years
at this job
BS
Accounting
MA
Finance
4

Purchasing Pricing / Cost Analyst

Created cost analysis and cost avoidance analysis of vendor bids for purchase agents

  • Improved processes in order to increase time efficiency by creating Excel worksheets with formulas to automatically calculate cost analysis
  • Audited rebate audits and database system audits to ensure accuracy of information
  • Performed business intelligence by querying databases, such as Access, SQL, and data warehouse to our Enterprise Resource Planning system
  • Saved the company $2 million on a project after creating a highly detailed cost analysis
  • Updated the budget forecast for cost of sales of the top 100 items on a monthly basis
Candidate Info
10
years in
workforce
2
years
at this job
BS
Business Administration
5

Cost Analyst

Analyzed and evaluated design data to provide cost estimates for product material, labor and tooling impacts

  • Created training modules and facilitated training sessions for new and current employees
  • Guided engineering and suppliers to achieve most efficient part cost and lowest tooling cost
  • Provided cost reduction ideas and identified contract cost errors worth in excess of $760,000
  • Provided on average 180 cost studies per year
Candidate Info
14
years in
workforce
12
years
at this job
AS
Business Management
6

Senior Cost Analyst

Leading multi-national developer and manufacturer of life-enhancing medical technologies for vascular, urology and oncology fields with 11,000 employees worldwide.

  • Prepared annual budget of manufacturing costs for 11 product lines in the Electrophysiology
  • Analyzed variances in manufacturing costs on a weekly basis and reported monthly cost forecasts and variances for 11 product lines to plant controller, division controller and operations team.
  • Managed annual audit of fixed assets for 25% of total plant assets.
  • Led continuous improvement for two cost reporting processes to increase accuracy and save time.
  • Performed quarterly Sarbanes Oxley tests to ensure effectiveness of internal controls.
Candidate Info
8
years in
workforce
3
years
at this job
BA
Law
Management
7

Senior Cost Analyst

Coordinated and managed the company's global annual physical inventory process, including policy developing, tag management, scheduling, and training in 12 locations with a value of over $150 million. Identified warehouse layout improvements to increase efficiencies. Reorganized processes to cut back the physical inventory time from five days to two days.

  • Consolidated and reported monthly total company manufacture spending of $250 million for senior management reporting. Designed new format and automated this reporting using Hyperion Retrieve.
  • Consolidated and reported the monthly forecast and actual spending/variances by manufacturing facility for the company's 10 manufacturing facilities.
  • Performed timely comprehensive month/quarter/year end closing activities including journal entries, accruals, allocation of labor and expenses, review and analysis of absorption, and reconcile inventory at multiple foreign and domestic warehouses.
  • Led and co-ordinate inventory reserve analysis by working closely with all manufacturing locations and distribution warehouses. Created monthly inventory reserve report at part level details. Played a major role in reserve process improvement.
  • Maintained standard cost and led annual standard cost roll process.
  • Provided support to the internal and external auditors as needed.
Candidate Info
9
years in
workforce
4
years
at this job
BS
Accounting
MBA
Master of Business Administration
8

Senior Cost Analyst

Setting and reviewing of standard material, labor and overhead rates for all chassis products. Variance reports are prepared and analyzed monthly

  • Estimating the cost impact of customer design changes to chassis products and updating cost information in AX ERP system
  • Created specific metrics in management reports that track direct labor spend for 771 hourly employees.
  • Working with engineering, purchasing and operations teams to standardize & consolidate SKUs in bills of materials (BOMs). Realized over $200,000 of cost savings in 2012
  • Led a project to create a Value Stream Map (VSM) for the manufacturing process. Our Kaizen event eliminated a major bottleneck resulting in an 8% increase in output valued at $80,000 monthly and improved visibility of high cost centers in the $450M a year RV chassis division
  • Supporting the inventory team as necessary with quarterly closings and journal postings
Candidate Info
5
years in
workforce
3
years
at this job
BS
Surveying
MBA
Finance & Management
9

Cost Analyst, Project Controls - Contractor

Direct Assistant to Senior Project Manager, duties included executing daily administrative tasks and end of day progress updates

  • Identified cost trends for management by updating and evaluating actual cost reports and man hours for a $5.1 million dollar project
  • Communicative liaison between Project Management, Senior Project Controller and Site Personnel
  • Monitored estimated and actual project costs by conducting variance analysis in multiple excel spreadsheets
  • Managed cost controls for multiple budgets during a nuclear refueling outage
Candidate Info
2
years in
workforce
3
months
at this job
BS
Business Administration
10

Cost Analyst

Negotiated and disputed accounts payable with vendors

  • Built and maintained relationships with vendors
  • Part of 4 person team responsible for large invoice dispute wins and thousands of dollars in company savings per year
  • Performed rate processes (increases, decreases, volume discounts, etc.) and coding
  • Led efforts for the weekly payment schedule to pay vendors
  • Conducted training as part of an program to gain Enhanced Management Reporting regarding disputes, finding more transparent methods to achieve the resolution sought by the company
Candidate Info
9
years in
workforce
3
years
at this job
BA
English And Human Development

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