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Cost Analyst Jobs in Arizona (NOW HIRING)

MUFG Bank, Ltd.

Cost Analyst

Tempe, AZ · Hybrid

$94K - $119K/yr

Building and maintaining Oracle Profitability and Cost Management (PCMCS) architecture. Entering expense data, performing analysis, creating reports and performing reconciliation using Hyperion ...

Technibus, Inc.

Project Cost Analyst

Tempe, AZ · On-site

$75 - $85/hr

The Project Cost Analyst will support project teams with timely, accurate and meaningful financial information. The Project Cost Analyst undertakes all aspects of financial project management ...

IES Communications

Project Cost Analyst

Tempe, AZ · On-site

$66K/yr

The Project Cost Analyst will support project teams with timely, accurate and meaningful financial information. The Project Cost Analyst undertakes all aspects of financial project management ...

IES Communications

Project Cost Analyst

Tempe, AZ · On-site

$75K/yr

The Project Cost Analyst will support project teams with timely, accurate and meaningful financial information. The Project Cost Analyst undertakes all aspects of financial project management ...

Corning

Senior Cost Analyst, Modules

Tolleson, AZ · On-site

$67K - $92K/yr

Role Purpose Our Senior Cost Analyst is responsible for supporting the assistant plant controller in the timely and accurate completion of finance deliverables and partnering with plant operations ...

Corning

Senior Cost Analyst, Modules

Tolleson, AZ · On-site

$67K - $92K/yr

Role Purpose Our Senior Cost Analyst is responsible for supporting the assistant plant controller in the timely and accurate completion of finance deliverables and partnering with plant operations ...

Corning

Senior Cost Analyst, Modules

Phoenix, AZ

$67K - $92K/yr

Role Purpose Our Senior Cost Analyst is responsible for supporting the assistant plant controller in the timely and accurate completion of finance deliverables and partnering with plant operations ...

Prattwhitney

Program Cost Controls Analyst

Tucson, AZ · On-site

$69 - $131/hr

Provide cost and performance analysis to program leadership team. * Coordinate financial activities with Cost Account Managers (CAMs), Integrated Product Team (IPT) Leads, Program Management, Finance ...

New

Collabera

Principal Cost Accountant

Tempe, AZ · On-site

$62K - $83K/yr

Responsible for the preparation and analysis of cost proposals and costing audits. Examines and reviews unusual cost records and ensures cost data is allocated correctly. Requires a bachelor's degree ...

Raytheon

Program Cost Controls Analyst

Tucson, AZ · On-site

Provide cost and performance analysis to program leadership team. * Coordinate financial activities with Cost Account Managers (CAMs), Integrated Product Team (IPT) Leads, Program Management, Finance ...

Black & Veatch

Project Controls Sr Analyst - Cost

Phoenix, AZ · On-site

$82K - $105K/yr

Perform all aspects of cost analysis according to training, capability and experience, under general supervision * Provide some guidance to less experienced project controls personnel * Have project ...

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Cost Analyst information

See Arizona salary details

$34.5K

$80.4K

$118.8K

How much do cost analyst jobs pay per year?

As of Sep 5, 2026, the average yearly pay for cost analyst in Arizona is $80,433.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,800.00 and $93,700.00 per year, depending on experience, location, and employer.

What does a cost analyst do?

A Cost Analyst is responsible for examining and managing the costs associated with a company's operations, products, or projects. They analyze financial data, prepare cost reports, and work to identify areas where expenses can be reduced without compromising quality. Cost Analysts often collaborate with other departments to ensure budget adherence and provide recommendations for cost-saving strategies. Their work helps organizations make informed financial decisions and improve profitability.

What does a cost analyst do?

A cost analyst helps their company control expenses through financial research and analysis. In this job, your duties include analyzing the difference between company costs and standard costs, developing budgets, auditing financial transactions, conducting market research, and preparing reports for company leadership. One of your goals is to determine how to lower costs for the company. The qualifications for a career as a cost analyst include a bachelor’s degree in business administration or accounting, experience in cost accounting, and excellent analytical skills. Some employers may also require you to be a certified public accountant (CPA) to qualify for this job.

What are some common challenges faced by cost analysts in managing project budgets, and how can they be addressed?

Cost Analysts often encounter challenges such as incomplete data, shifting project scopes, and unexpected expenses that can impact budget accuracy. To address these issues, it's important to maintain clear communication with project managers and department heads, use reliable forecasting tools, and regularly review financial reports for discrepancies. Proactively identifying potential cost overruns and suggesting corrective actions helps ensure projects stay within budget and meet organizational financial goals.

What are the key skills and qualifications needed to thrive as a cost analyst, and why are they important?

To thrive as a Cost Analyst, you need strong analytical skills, a solid grasp of accounting principles, and typically a bachelor's degree in finance, accounting, or a related field. Proficiency in Excel, ERP systems (like SAP), and cost accounting software, along with certifications such as CMA (Certified Management Accountant), are often required. Attention to detail, problem-solving ability, and effective communication are crucial soft skills for interpreting data and presenting findings to stakeholders. These competencies are essential for delivering accurate cost analyses that support informed business decisions and enhance organizational efficiency.

What is the difference between Cost Analyst vs Financial Analyst?

AspectCost AnalystFinancial Analyst
Required CredentialsBachelor's in finance, accounting, or related field; often certifications like CMA or CPABachelor's in finance, economics, or related; certifications like CFA are common
Work EnvironmentCorporate finance, manufacturing, or government agencies focusing on cost controlInvestment firms, banks, or corporate finance departments analyzing financial data
Employer & Industry UsageUsed in industries with cost management needs such as manufacturing and logisticsUsed across finance sectors including banking, investment, and corporate finance

The main difference between a Cost Analyst and a Financial Analyst lies in their focus areas. Cost Analysts primarily concentrate on controlling and reducing costs within organizations, often working closely with operations. Financial Analysts analyze financial data to guide investment and business decisions. Both roles require similar educational backgrounds and certifications, but their work environments and objectives differ significantly.

How much does a cost analyst make?

The average salary for a cost analyst is around $65,000 to $75,000 per year, depending on experience, location, and industry. Entry-level positions typically start lower, while experienced analysts or those with specialized skills can earn over $85,000 annually.

What degree do you need to be a cost analyst?

A cost analyst typically needs at least a bachelor's degree in finance, accounting, economics, or a related field. Some employers prefer candidates with a master's degree or professional certifications such as the Certified Management Accountant (CMA) or Certified Public Accountant (CPA). Strong analytical skills and proficiency with spreadsheets and data analysis tools are also important.
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For Cost Analyst jobs in Arizona, the most frequently searched job titles are:

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Cost Analyst jobs near you
Infographic showing various Cost Analyst job openings in Arizona as of August 2026, with employment types broken down into 93% Full Time, and 7% Temporary. Highlights an 93% In-person, and 7% Hybrid job distribution, with an average salary of $80,433 per year, or $38.7 per hour.

Cost Analyst

MUFG Bank, Ltd.

Tempe, AZ • Hybrid

$94K - $119K/yr

Full-time

Re-posted 16 days ago

MUFG rating

8.1

Company rating: 8.1 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

Job description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Building and maintaining Oracle Profitability and Cost Management (PCMCS) architecture. Entering expense data, performing analysis, creating reports and performing reconciliation using Hyperion Essbase, OFSAA, OBIEE and PCMCS. Researching cost allocation trends including investigating inconsistencies in cost records and providing corrective action on a monthly basis. Developing and governing cost allocation processes for Budget, Forecast and Actuals. Overseeing the data collection, cost allocation, and report preparation to ensure established processes are in place and procedures are followed. Verifying proper allocation of cost data, investigating unusual cost records, analyzing variance trends, and preparing reports containing recommendations of the results of these studies. Educating and creating documentation for users of the allocation results including but not limited to activities definitions, drivers specifications, product costs review, and analysis methods. Developing SQL scripts to extract large quantities of data and inter-join multiple data sets from OFSAA. Monitoring various aspects of OTT monthly production process for CCOE by coordinating expected NIE process completion in Hyperion with MRSO team, determining management/ proxy availability for required approvals. Validating the completion of the monthly requirements for variances at the Americas level and close the month.

 Qualifications – External

Education: Bachelor’s Degree in Management information Systems, Information Systems, Operations Research, or a related field (or foreign equivalent degree).

Experience: 3 years of cost allocation experience in the Banking or financial services industry building and maintaining Oracle Profitability and Cost Management Cloud Service (PCMCS) architecture; entering expense data, performing analysis, creating reports and performing reconciliation using Hyperion Essbase, OFSAA, OBIEE and PCMCS; researching cost allocation trends including investigating inconsistencies in cost records and providing corrective action on a monthly basis; and developing and governing cost allocation processes for Budget, Forecast and Actuals.

Other: Position requires employment in-office 4 days per week and remotely 1 day per week.

Wage: $94,000 to $119,000 U.S. dollars per year.

Employer: MUFG Bank, Ltd.

Location: Tempe, AZ 85288

Reference internal requisition #10066298-WD.

We are committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our people and our business; Equal Opportunity Employer: Minority/Female/Disability/Veteran.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

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About MUFG

Sourced by ZipRecruiter

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we're 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world. With a vision to be the world's most trusted financial group, it's part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Social media

Twitter

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