Financial Cost Analyst Job Description
Financial cost analyst
provides creative leadership from knowledge of industry best practices and most current developments in cost estimation and management.
Financial Cost Analyst Duties & Responsibilities
To write an effective financial cost analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included financial cost analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Assist with annual budget process to provide guidance on material costs, direct labor, freight and manufacturing overhead standards
Provide analytical support for cost savings, pricing and new product development initiatives
Provide monthly, quarterly and yearly analysis on results
Involvement with the budgeting and forecasting process
Provide key performance indicators on areas such as mix, price, volume and other manufacturing expenses
Planning, forecasting, and reporting total engine cost for a variety of legacy programs with deliveries to senior management
Monthly presentations to VP, Ops & Engineering Finance on key engine cost drivers / cost reduction projects
Open WBS’ for O&R “No charge” investigations and warranty claims
Provide weekly and monthly analysis of inventory balances for Shelton O&R
Report monthly Sustaining Engineering hour and cost breakdown analysis
Financial Cost Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Cost Analyst
List any licenses or certifications required by the position: CPA, PMP, CMA, FEP, CGFM, MBA, CA, CGA, SOX
Education for Financial Cost Analyst
Typically a job would require a certain level of education.
Employers hiring for the financial cost analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Economics, Business/Administration, Construction Management, MBA, Education, Business/Management, Engineering
Skills for Financial Cost Analyst
Desired skills for financial cost analyst include:
Policies
Practices and systems
Industry practices
Standards
Techniques
Industry practices and standards
Common financial statements
E-Builder project management system and train
From the Sr
Indirect costs
Desired experience for financial cost analyst includes:
CPA Certified Public Accountant or MBA is a plus
Demonstrate sound judgment apply logical/critical thought processes
Update revenue and margin for O&R’s Historical Financial Overview
Maintain Revenue Assessment sheets (weekly)
Update the TPM (Total Productive Maintenance) Package for executive review
Create and update the monthly O&R Financial Overview for distribution
Financial Cost Analyst Examples
1
Financial Cost Analyst Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of financial cost analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial cost analyst
- Perform indirect expenses analysis and forecasting
- Provide monthly Cell Performance (Financial) to all cell managers
- Perform monthly Collector Inventory reconciliations
- Perform monthly Aged Work Order Analysis
- Provide Shop Floor Support (Financial)
- Perform Hyperion Retrieves & Uploads (OH)
- Provide monthly Vendor Processing analysis
- Provides analysis of financial data
- Prepare cost estimates and evaluate and analyze the profitability of proposed new items
- Participates in completion of monthly balance sheet peer reviews
Qualifications for financial cost analyst
- Analyzing production variances
- Self-starter, with a strong interpersonal style
- Accounting / Finance /Economics degree required
- 3-5 years of experience with inventory and cost accounting or analyses
- 5+ years experience with progressive, primary functions in Accounting and Finance
- Bachelor Degree is required, prefer Finance or Accounting concentration
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Financial Cost Analyst Job Description
Job Description Example
Our company is looking to fill the role of financial cost analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial cost analyst
- Review and analyze divisional manufacturing Plans, RLBEs, and actual results for purposes of identifying business/ accounting conditions that impact inventory valuation for US GAAP
- Co-owner and coordinator of Essbase Cubes/calculations for CMA
- Preparation and analysis of EY quarterly and year-end corporate reserve analysis
- Define, calculate and communicate the Global Product costs allocations for all Revenue and Service Divisions
- Responsible for Inventory Verification Monitoring control for all US Operations
- Support/ supervise certain RTR and FP&A activities performed by Genpact
- Develop department budgets and forecasts in support of annual Plan, LRP (long-range plan), and LBE (Latest Best Estimate) for Dallas Operations
- Perform monthly accounting responsibilities for month-end close
- Provide ad hoc analyses to support complex decision making and propose final recommendations to management and business leaders
- Measure Business Results and Prepare Cost Materials for the Business Plan and monthly reporting cycle
Qualifications for financial cost analyst
- Excellent, problem-solving, critical thinking, analytical skills and the ability to work with spreadsheets and other structured programming tools
- At least 1 year of experience as a financial analyst, or 2 or more years of other relevant professional experience
- Intermediate or higher level of competency in Microsoft Office products
- Previous financial planning/forecasting & analysis experience
- Previous experience with Hyperion Essbase development or general database administration
- Previous experience with month-end accounting and/or fixed-asset accounting responsibilities
3
Financial Cost Analyst Job Description
Job Description Example
Our growing company is looking for a financial cost analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial cost analyst
- Roll Up and Analyze BOM Costs for one WD subsidiary and the Branded segment
- Extensive Purchase Price variance and bridging analysis by volume, capacity, cost and product mix for actuals vs
- Document Service Operations costing financial strategy, related processes & assumptions
- Coordinate with multiple managers – review and assist with service models and metrics
- Lead and/or participate in Community projects to develop customer service cost budgets, understand circumstances, restrictions, and impact of these financial estimates and research
- Perform audit procedures to validate
- Identify weaknesses in current service allocations, business models, and assist in implementing new changes
- Partner with multiple divisions during budget process
- Ultimately transition ownership of statistical models to departments analysts
- WBS maintenance for O&R “No charge” investigations and warranty claims
Qualifications for financial cost analyst
- Develop process and methodology to provide Institute managers with quantitative data to inform decisions and develop projections
- BA/BS in Finance/Accounting/Business or Computer Science disciplines or equivalent work experience required
- Demonstrated experience in continuous improvement initiatives and project management
- Able to plan, track and communicate individual performance
- Ability to identify cost reduction/savings opportunities other key lease language enhancements
- Basic to intermediate level in computer skills including but not limited to Microsoft Office, email
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Financial Cost Analyst Job Description
Job Description Example
Our innovative and growing company is looking for a financial cost analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial cost analyst
- Closing checklists, booking journal entries, preparing account recs, rep letters
- Support consolidation of MRO product centers financial and operational metrics
- Provide SOX and external audit support
- Perform indirect expense/overhead rate budgeting and analysis
- Provide analysis and reconciliation of inventory balances (weekly, monthly)
- Support monthly upload of shop load and indirect expense forecast into Hyperion
- Provide shop floor support
- Support Monthly wireless remittance calculations, Intermediate SAS/SQL knowledge required
- Prepare and track League sports payments and expenses
- Maintain various balance sheet reconciliations
Qualifications for financial cost analyst
- 5+ years relevant work history
- Managerial experience in finance
- Strong interpersonal and communication skills and the ability to work effectively with all internal and external counterparts
- Ability to recognize conflict situations, facilitate problem resolution and alert management when necessary
- Ability to effectively manage competing priorities and bring cohesive direction to the organization
- Direct experience and knowledge in a manufacturing cost accounting system process required
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Financial Cost Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking for a financial cost analyst. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial cost analyst
- Responsible for monthly Cost of Sale reporting and variance analysis
- Prepare various Month end journal entries for Video and Wireless cost of sale
- Responsible for Month End actuals TV Cost of Sale and support Wireless month end process
- Pursue opportunities for cost of sales expense improvements and maximization of return on investments
- Provide financial support as requested, business cases and special projects
- Work with TV content management team to ensure accurate representation of KBIs related to their respective areas
- Support team on various different month end, forecasting and budgeting tasks
- Provide business leaders with required financial reporting support as needed
- You will forecast financial results and track actuals
- You will tease scenarios on key learnings and apply them forward to minimize gaps
Qualifications for financial cost analyst
- Current Top Secret level security clearance is required
- Understanding of the accounting for construction work in progress and the capitalization requirements of generally accepted accounting principles
- Strong analytical and systems skills to include proficiency in PC based applications (Excel and Access including advanced functions such as graphics, pivot tables, macros and database management
- Understanding of accounting for leases (specific to Facility, Clinical Technology or Real Estate operations)
- Certified Management Accountant (CMA) or CPA preferred
- Bachelor’s degree in Finance, Accounting, or Business and 6 years of financial analyst experience within an aerospace/government contracting environment