Cost Analyst

Description

Job Summary: Cost analyst responsible for collecting, analyzing, and forecasting financial data to optimize expenses, improve efficiency, and support strategic decision-making. Key Highlights: 1. Cost analysis and optimization for efficiency and profitability 2. Preparation of financial reports and improvement recommendations 3. Use of activity-based costing and inventory management Advanced English (spoken and written) Collect and analyze financial data related to procurement, inventory, labor, overhead, etc. Prepare periodic cost reports, including variance analysis and improvement recommendations. Monitor expenses against approved budgets, identifying variances and proposing corrective actions. Identify areas where costs can be reduced and efficiency increased, such as process optimization or elimination of unnecessary expenses. Analyze costs to establish competitive and profitable pricing. Evaluate the financial impact of new projects and propose measures to minimize associated costs. Develop future cost projections, considering various business scenarios and plans. Maintain accurate records of both direct and indirect costs associated with production or service delivery. Calculate total production cost, unit cost of products or services, and other relevant metrics. Apply activity-based costing to better understand costs associated with each process and activity. Record and control inventory movements, ensuring data accuracy. Provide key information to management for strategic decision-making regarding cost management and profitability. Results-oriented, critical thinking, logical-mathematical reasoning, productivity, leadership, teamwork, assertive communication, commitment, sense of urgency, ability to work under pressure, and flexible availability as required. Salary: $13,000.00 - $18,000.00 per month Work Location: On-site employment