Cost Analyst 1 4P/400

Job Summary

We are seeking a motivated Cost Analyst to provide financial insight and support across projects and operations. This role is critical to ensuring accurate cost analysis, effective budgeting, and resource allocation. The Cost Analyst will partner with finance, project controls, and operations teams to drive cost efficiency and compliance while supporting informed decision-making.

Key Responsibilities

• Cost Planning & Analysis: Collect, plan, and analyze cost data related to projects, products, or processes.

• Production Costing: Determine costs of product production, including raw materials, labor, and overhead.

• Variance Analysis: Analyze actual costs versus standards and prepare reports on variances.

• Change Impact Assessment: Evaluate the effect of design changes, material fluctuations, or process adjustments on product or project costs.

• Forecasting & Estimating: Assist in preparing cost estimates for new and proposed products or projects.

• Profitability Insights: Provide reports and analysis on pricing factors, profitability, and inflationary trends.

• Inventory Oversight: Partner with operations to ensure inventory accuracy through cycle counts, validations, and physical audits.

• Overhead Rates: Establish and update overhead rates for inventory and labor as needed.

• Reporting: Develop financial and cost reports to guide management decisions.

Qualifications

• Education: Bachelor’s degree in Accounting, Finance, or a related field (or equivalent experience).

• Experience: 0–5 years of related cost analysis experience; utility/energy sector experience is a plus.

• Technical Skills:

  • Strong proficiency in Microsoft Excel, Word, and PowerPoint.

  • Experience with ERP systems (Microsoft Dynamics 365 preferred).

• Core Competencies:

  • Strong analytical and problem-solving skills.

  • High attention to detail and organizational skills.

  • Effective oral and written communication abilities.

  • Ability to manage multiple projects independently in a fast-paced environment.

Work Environment

• Setting: Office-based with collaboration across finance, engineering, and operations teams.

• Schedule: Full-time, Monday–Friday, with potential hybrid flexibility depending on project requirements.

• Culture: Safety-first, compliance-driven, and performance-focused environment aligned with Southern Company’s values.