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Cost Analyst

  • ... Posted on: Mar 11, 2026
  • ... Woodward HRT/MPC
  • ... Niles, Ohio
  • ... Salary: Not Available
  • ... Full-time

Cost Analyst   

Job Title :

Cost Analyst

Job Type :

Full-time

Job Location :

Niles Ohio United States

Remote :

No

Jobcon Logo Job Description :

Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards. We are steadfastly committed to attracting the best talent across our communities, creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future. Woodward supports our members' wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data. Estimated annual base pay: $72,000(minimum) - $93,000(midpoint) - $115,000(maximum) All members included in annual cash bonus opportunity 401(k) match (4.5%) Annual Woodward stock contribution (5%) Tuition reimbursement and Training/Professional Development opportunities for all members 12 paid holidays, including floating holidays Industry leading medical, dental, and vision Insurance upon date of hire Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave Paid parental leave Adoption Assistance Employee Assistance Program, including mental health benefits Member Life & AD&D / Long Term Disability / Member Optional Life Member referral bonus Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending Voluntary benefits, including: Home / Auto Insurance discounts Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave Key Responsibilities Conduct in-depth cost analysis by reviewing Bills of Materials (BOM), labor time, and rates to identify opportunities for cost optimization and recommend strategies to improve financial results. Monitor and report on key performance metrics related to costing and provide actionable recommendations to drive continuous improvement and operational efficiency. Execute day-to-day standard costing processes, ensuring accurate cost allocation and adherence to established costing methodologies. Collaborate with cross-functional teams, including production, procurement, engineering, and finance, to develop cost models that support manufacturing and business objectives. Develop and refine cost estimation tools and models, ensuring alignment with business goals and industry best practices. Provide detailed cost breakdowns and variance analysis to support decision-making and identify cost-saving opportunities. Support new product development by providing accurate cost projections and input on cost control measures. Key Skills Financial analysis skills: Ability to perform detailed financial and cost analysis, leveraging financial tools and software to ensure accurate insights. Manufacturing costing expertise: Strong understanding of manufacturing processes, including BOMs, labor allocation, and overhead costs, to accurately assess and optimize costs. Quantitative analysis: Strong analytical skills and the ability to work with large datasets to generate actionable insights. Process optimization: Ability to identify inefficiencies in cost structures and recommend solutions to improve profitability and productivity. Data analysis and visualization: Proficiency in using data analysis tools and techniques to present costing insights and recommendations effectively. Communication skills: Ability to clearly and effectively communicate complex costing information to technical and non-technical audiences. Collaborative skills: Proven ability to work with cross-functional teams and build strong working relationships across departments. Attention to detail: Exceptional attention to detail with the ability to identify discrepancies in costing and financial data. Business acumen: Solid understanding of the manufacturing industry, market trends, and operational dynamics. Project management: Strong organizational skills, with the ability to manage multiple tasks, meet deadlines, and prioritize effectively. Successful Candidates Will Typically Have Bachelor's degree in finance, economics, business or related field 5-7 years of manufacturing experience Advanced Excel skills Power BI experience SAP or S4 experience Analytical mindset Ability to work independently with minimal supervision Application window is anticipated to close 14 days from original posting date. This information is provided in compliance with the Colorado Equal Pay for Equal Work Act and is the company's good faith and reasonable estimate of the compensation range and benefits offered for this position. The compensation offered to the successful applicant may vary based on factors including experience, skills, education, location, and other job-related reasons. Woodward is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, sex (including sexual orientation and gender identity), national origin, age, disability, protected veteran status, or any other category protected under federal, state, or local laws. #LI-Hybrid #J-18808-Ljbffr

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Jobcon Logo Position Details

Posted:

Mar 11, 2026

Reference Number:

14660_F25768CE7F09408712194D680FEF35E9

Employment:

Full-time

Salary:

Not Available

City:

Niles

Job Origin:

APPCAST_CPC

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Woodward is committed to creating a great workplace for all team members. Our company and its members are committed to acting with integrity, being respectful and accountable to one another, and staying humble and driven, while maintaining the highest professional and ethical standards. We are steadfastly committed to attracting the best talent across our communities, creating a rewarding workplace. Together we are fulfilling our purpose to design and deliver energy control solutions our partners count on to power a clean future. Woodward supports our members' wellbeing and regularly benchmarks with other companies in our industry to offer an extensive Total Reward package for this position. Salary will be determined by the applicant's education, experience, knowledge, skills, and abilities, as well as internal equity and alignment with market data. Estimated annual base pay: $72,000(minimum) - $93,000(midpoint) - $115,000(maximum) All members included in annual cash bonus opportunity 401(k) match (4.5%) Annual Woodward stock contribution (5%) Tuition reimbursement and Training/Professional Development opportunities for all members 12 paid holidays, including floating holidays Industry leading medical, dental, and vision Insurance upon date of hire Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave Paid parental leave Adoption Assistance Employee Assistance Program, including mental health benefits Member Life & AD&D / Long Term Disability / Member Optional Life Member referral bonus Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending Voluntary benefits, including: Home / Auto Insurance discounts Whole Life Insurance / Critical Illness Insurance / Legal Assistance / Military Leave Key Responsibilities Conduct in-depth cost analysis by reviewing Bills of Materials (BOM), labor time, and rates to identify opportunities for cost optimization and recommend strategies to improve financial results. Monitor and report on key performance metrics related to costing and provide actionable recommendations to drive continuous improvement and operational efficiency. Execute day-to-day standard costing processes, ensuring accurate cost allocation and adherence to established costing methodologies. Collaborate with cross-functional teams, including production, procurement, engineering, and finance, to develop cost models that support manufacturing and business objectives. Develop and refine cost estimation tools and models, ensuring alignment with business goals and industry best practices. Provide detailed cost breakdowns and variance analysis to support decision-making and identify cost-saving opportunities. Support new product development by providing accurate cost projections and input on cost control measures. Key Skills Financial analysis skills: Ability to perform detailed financial and cost analysis, leveraging financial tools and software to ensure accurate insights. Manufacturing costing expertise: Strong understanding of manufacturing processes, including BOMs, labor allocation, and overhead costs, to accurately assess and optimize costs. Quantitative analysis: Strong analytical skills and the ability to work with large datasets to generate actionable insights. Process optimization: Ability to identify inefficiencies in cost structures and recommend solutions to improve profitability and productivity. Data analysis and visualization: Proficiency in using data analysis tools and techniques to present costing insights and recommendations effectively. Communication skills: Ability to clearly and effectively communicate complex costing information to technical and non-technical audiences. Collaborative skills: Proven ability to work with cross-functional teams and build strong working relationships across departments. Attention to detail: Exceptional attention to detail with the ability to identify discrepancies in costing and financial data. Business acumen: Solid understanding of the manufacturing industry, market trends, and operational dynamics. Project management: Strong organizational skills, with the ability to manage multiple tasks, meet deadlines, and prioritize effectively. Successful Candidates Will Typically Have Bachelor's degree in finance, economics, business or related field 5-7 years of manufacturing experience Advanced Excel skills Power BI experience SAP or S4 experience Analytical mindset Ability to work independently with minimal supervision Application window is anticipated to close 14 days from original posting date. This information is provided in compliance with the Colorado Equal Pay for Equal Work Act and is the company's good faith and reasonable estimate of the compensation range and benefits offered for this position. The compensation offered to the successful applicant may vary based on factors including experience, skills, education, location, and other job-related reasons. Woodward is an equal opportunity employer and does not discriminate in hiring or employment on the basis of race, color, religion, sex (including sexual orientation and gender identity), national origin, age, disability, protected veteran status, or any other category protected under federal, state, or local laws. #LI-Hybrid #J-18808-Ljbffr

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