cost analyst
Cost analysts prepare regular costs, budgeting analyses and reports in order to contribute to the overall cost planning and forecasting activities of a business. They review and reconcile key balance sheets and identify new opportunities to save costs.
Also called: cost recovery estimator, cost accounting clerk, cost accounting officer, cost estimator, cost accountant, cost and budget analyst, quantity surveyor
- 13
- essential skills
- 20
- optional skills
- 8
- related roles
- 2411
- ISCO-08 group
Where you can go from here
8 rolesOccupations sharing the most essential skills with this one. The number is a count, not an opinion.
- budget analyst5 skills in common
- budget manager5 skills in common
- corporate treasurer4 skills in common
- financial controller4 skills in common
- financial manager4 skills in common
- accounting manager3 skills in common
- investment adviser3 skills in common
- manufacturing cost estimator3 skills in common
Essential skills
13- assess financial viability
- company policies
- control of expenses
- cost management
- evaluate budgets
- financial department processes
- identify process improvements
- interpret financial statements
- liquidity management
- perform cost accounting activities
- prepare cost-plus pricing models
- provide cost benefit analysis reports
- synthesise financial information
Optional skills
20- advise on tax planning
- analyse financial performance of a company
- analyse financial risk
- analyse transportation costs
- calculate production costs
- carry out tendering
- create a financial plan
- create a financial report
- disseminate information on tax legislation
- enforce financial policies
- execute analytical mathematical calculations
- exert expenditure control
- explain accounting records
- financial forecasting
- manage budgets
- manage inventory
- manage payroll reports
- negotiate supplier arrangements
- prepare financial statements
- support development of annual budget
Definition and skills from ESCO, published by the European Commission. Source concept
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