Costing Analyst

The Costing Analyst is responsible for developing, analyzing, and maintaining accurate cost data to support financial planning, operational decision-making, and business strategy.

This role partners cross-functionally to evaluate cost structures, identify variances, and provide insights that drive profitability, efficiency, and informed investment decisions across products and operations.

• Analyze and develop detailed cost estimates for labor, materials, overhead, equipment, and production, using historical data, actual performance, and standard costing methodologies.
• Evaluate variances between estimated, standard, and actual costs; identify drivers and provide actionable insights to improve cost performance.
• Partner with operations, procurement, and finance to gather cost inputs, validate assumptions, and improve cost accuracy across products and processes.
• Support new product introductions and engineering changes through cost modeling, analysis, and financial impact assessments.
• Develop and maintain cost databases and reporting tools to track trends, identify risks, and support decision-making.
• Conduct profitability and margin analysis at the product, customer, or project level to inform business strategies.
• Participate in budgeting, forecasting, and cost reduction initiatives, identifying opportunities for efficiency and savings.
• Assist in preparing business cases and financial models to support new business opportunities and capital investments.
• Ensure costing processes and documentation comply with internal controls and financial standards.
• May be called upon to perform comparable duties of a similar or related nature and/or assist in other areas as needed.

Bachelor's Degree in Business Administration, Finance, or another related field. 1-3 years’ experience as a costing or financial analyst; or equivalent combination of education and experience.