ISCO Specialization 2411.1.5 Cost Analyst
From Open Risk Manual
Definition
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.
Essential Skills
- Company Policies
- Control Of Expenses
- Prepare Cost-Plus Pricing Models
- Cost Management
- Perform Cost Accounting Activities
- Assess Financial Viability
- Synthesise Financial Information
- Evaluate Budgets
- Financial Department Processes
- Provide Cost Benefit Analysis Reports
- Interpret Financial Statements
- Liquidity Management
Optional Skills
- Execute Analytical Mathematical Calculations
- Calculate Production Costs
- Exert Expenditure Control
- Enforce Financial Policies
- Create A Financial Report
- Carry Out Tendering
- Advise On Tax Planning
- Analyse Financial Risk
- Financial Forecasting
- Explain Accounting Records
- Support Development Of Annual Budget
- Negotiate Supplier Arrangements
- Manage Payroll Reports
- Manage Inventory
- Analyse Transportation Costs
- Create A Financial Plan
- Disseminate Information On Tax Legislation
- Analyse Financial Performance Of A Company
- Prepare Financial Statements
Alternative Names
- Cost Recovery Estimator
- Cost Accounting Clerk
- Cost Accounting Officer
- Cost Estimator
- Cost Accountant
- Cost And Budget Analyst
- Quantity Surveyor
