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Cost Analyst Jobs in Indiana (NOW HIRING)

Linde Group

Cost Analyst

East Chicago, IN

You will partner with cost center leaders to develop budgets and analyze financial trends to support decision-making. * Conduct ad hoc analyses on operational trends (headcount, fixed costs, work ...

Linde

Cost Analyst

East Chicago, IN · On-site

You will partner with cost center leaders to develop budgets and analyze financial trends to support decision-making. * Conduct ad hoc analyses on operational trends (headcount, fixed costs, work ...

Kids for the Future

Project Cost Analyst

New Carlisle, IN · On-site

$55 - $75/hr

* Location 31100 State Road 2 Highway,New Carlisle, IN, 46552,United States We are currently seeking a Construction Project Cost Analyst to add to our Goyette Mechanical Construction Division in our ...

New

NiSource

Team Ldr Project Cost Analyst

Valparaiso, IN · On-site

Job Summary Supervise Cost Analysts in their execution of normal assigned project cost analysis duties. Oversee testing and compliance to assigned SOX controls. Lead monthly multi department ...

Manifest Solutions

Cost Technician

Valparaiso, IN · On-site

Manifest Solutions is currently seeking a Cost Analyst for a hybrid position in Valparaiso, IN. * Establish lines of communications with various departments to integrate information to facilitate ...

Manifest Solutions

Cost Technician

Valparaiso, IN · Hybrid

Manifest Solutions is currently seeking a Cost Analyst for a hybrid position in Valparaiso, IN. * Establish lines of communications with various departments to integrate information to facilitate ...

Renuke

Project Controls Cost Analyst II

Plainfield, IN · Hybrid

PCS II Cost Analyst **Full time, hybrid, 3 days/week in office** Workers at this level are responsible for routine aspects of project control assignments with close supervision. Workers are expected ...

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All JobsCost Analyst JobsCost Analyst Jobs in Indiana

Cost Analyst information

See Indiana salary details

$35.2K

$82.1K

$121.3K

How much do cost analyst jobs pay per year?

As of Sep 3, 2026, the average yearly pay for cost analyst in Indiana is $82,131.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,100.00 and $95,600.00 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.
More about Cost Analyst jobs

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For Cost Analyst jobs in Indiana, the most frequently searched job titles are:

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Cost Analyst jobs near you
Infographic showing various Cost Analyst job openings in Indiana as of August 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 91% Physical, 4% Hybrid, and 5% Remote job distribution, with an average salary of $82,131 per year, or $39.5 per hour.

Cost Analyst

Linde Group

East Chicago, IN

Full-time

Re-posted 13 days ago

Job description

  • In this role, you will lead the monthly financial close review, analyze actuals against forecasts and prior periods, and identify key drivers and variances
  • You will produce clear, timely variance analyses and maintain financial models to support ongoing performance evaluation
  • Prepare and deliver concise presentations to senior management highlighting financial performance, risks, and opportunities
  • You will manage the monthly forecasting process, ensure timelines are met, and coordinate with regional teams to gather and validate data
  • Build and maintain cost models to track performance against forecasts, prior results, and operating plans
  • Coordinate the annual planning and budgeting process, ensuring timely and accurate submissions across cost centers and plants
  • You will partner with cost center leaders to develop budgets and analyze financial trends to support decision-making.
  • Conduct ad hoc analyses on operational trends (headcount, fixed costs, work order spend) and support development of reporting tools and user training in JD Edwards and OBIEE
  • You will manage the purchase-to-pay process

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