Download:
Job Summary:
The Senior Cost Analyst will collect and analyze complex financial information related to the organizations expenses, seeking ways to improve accuracy of budgets and forecasts and to decrease the cost of departments and projects.
Supervisory Responsibilities:
Duties/Responsibilities:
- Analyzes expenses and cost transactions; ensures that transactions are recorded accurately and assigned to the appropriate projects and departments.
- Provides detailed financial analysis and reports of expenses including breakdowns of project costs, forecasts of remaining expenses, and opportunities to increase efficiency.
- Conducts market research to recommend changes to pricing or business models.
- Prepares periodic cost reconciliation reports, tracking data such as changing labor and supply costs.
- Performs other duties as assigned.
Required Skills/Abilities:
- Thorough understanding of cost accounting principles and procedures.
- Excellent organizational skills and attention to detail.
- Strong analytical and problem-solving skills.
- Proficient with Microsoft Office Suite or related software.
Education and Experience:
- Bachelors degree in Accounting or Business required.
- Three to five years of related experience required.
Physical Requirements:
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift 15 pounds at times.
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.