§ OCCUPATION · GLOBAL STANDARDS

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.

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Description

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.

Theoretical Knowledge

ESSENTIALTheoretical knowledge required

financial department processes company policies cost management liquidity management

OPTIONALAdjacent knowledge that strengthens fit

financial forecasting

Practical Skills

ESSENTIALApplied skills & competences

identify process improvements prepare cost-plus pricing models perform cost accounting activities provide cost benefit analysis reports control of expenses synthesise financial information evaluate budgets interpret financial statements assess financial viability

OPTIONALOptional competences

create a financial report enforce financial policies analyse financial risk support development of annual budget carry out tendering execute analytical mathematical calculations negotiate supplier arrangements explain accounting records disseminate information on tax legislation create a financial plan advise on tax planning exert expenditure control manage inventory manage payroll reports prepare financial statements calculate production costs analyse transportation costs analyse financial performance of a company manage budgets

Data Source: Unified Global Standards (ISCED, ISCO, O*NET, ESCO)