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Cost Analyst

Job in Vernon Hills, Lake County, Illinois, 60061, USA
Listing for: CFS
Full Time position
Listed on 2026-03-04
Job specializations:
  • Finance & Banking
    Financial Analyst, Financial Reporting, Accounting & Finance
Salary/Wage Range or Industry Benchmark: 75000 - 95000 USD Yearly USD 75000.00 95000.00 YEAR
Job Description & How to Apply Below
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, Net Suite)

  • 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

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