Cost analyst
Also searched as: Analista de costes
Code 2411.1.5
What does a Cost analyst do?
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.
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Essential skills
Knowledge
- cost management
- liquidity management
- company policies
- financial department processes
Skills and competences
- assess financial viability
- evaluate budgets
- interpret financial statements
- provide cost benefit analysis reports
- prepare cost-plus pricing models
Transversal competences
- control of expenses
- perform cost accounting activities
- synthesise financial information
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Technical knowledge can be verified with tests and references. What never shows up on a CV are the transversal competences, and they explain most failed hires. Before closing, it pays to measure them with a standardised battery.
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Sources
This service uses the ESCO classification of the European Commission and the Mapha Taxonomy developed by OTIC SOFOFA (CC BY 4.0), in an adapted version. Group codes come from the ILO's ISCO-08. See sources and licences