Cost Analyst

Location: Elgin
Posted on: June 23, 2025

Job Description:

Cost Analyst $75,000 to $95,000 Overview: We are seeking a detail-oriented and analytical Cost Analyst to support our finance and operations teams by analyzing and managing product and operational costs. This role will play a key part in tracking manufacturing costs, evaluating cost efficiencies, and providing data-driven insights to support pricing, budgeting, and profitability decisions. Why Work Here: Key Business Role: As a Cost Analyst, you'll play a vital role in driving cost transparency and supporting strategic decision-making across the organization. Industry Stability: Join a well-established company in a resilient industry with consistent demand and long-term growth prospects. Professional Development: Gain valuable exposure to both financial and operational functions, with opportunities to grow into broader roles in finance or operations. Supportive Team Culture: Work in a collaborative, results-driven environment where your insights are valued and your contributions make a difference. Key Responsibilities: Analyze and report on product and manufacturing costs, including materials, labor, and overhead Develop and maintain standard cost models and assist in cost rollups Monitor cost variances and partner with operations to investigate and resolve discrepancies Support the month-end close process with inventory valuation, cost of goods sold (COGS), and journal entries Assist in preparing cost forecasts, budgets, and variance analyses Track key performance indicators (KPIs) related to production efficiency, waste, and cost trends Work cross-functionally with manufacturing, engineering, and procurement teams to optimize cost performance Ensure accurate data in ERP systems related to bills of materials (BOMs), routings, and inventory Assist with audits and ensure compliance with internal policies and accounting standards Qualifications: Bachelor's degree in Accounting, Finance, or a related field 2-4 years of experience in cost analysis, cost accounting, or financial analysis (manufacturing experience preferred) Strong understanding of standard costing, BOMs, and variance analysis Proficient in Excel and ERP systems (e.g., SAP, Oracle, JD Edwards, NetSuite) Strong analytical skills and attention to detail Ability to communicate financial information to non-financial stakeholders Knowledge of GAAP and cost accounting principles LI-TA1

Keywords: , Downers Grove , Cost Analyst, Accounting, Auditing , Elgin, Illinois