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Cost Analyst Jobs in Indiana (NOW HIRING)

This role focuses on analyzing costs, preparing reports, and supporting budgeting to drive profitability. Responsibilities: * Monitor and analyze production/project costs * Prepare cost reports and ...

Cost Accountant

Indianapolis, IN · On-site

$90K - $110K/yr

This role focuses on analyzing costs, preparing reports, and supporting budgeting to drive profitability. Responsibilities: * Monitor and analyze production/project costs * Prepare cost reports and ...

Overview of the Cost Accountant role: • Analyze manufacturing costs including labor, materials, and overhead to support accurate product costing. • Maintain and review inventory transactions ...

Cost Accountant

Mishawaka, IN · On-site

$70K - $85K/yr

Overview of the Cost Accountant role: • Analyze manufacturing costs including labor, materials, and overhead to support accurate product costing. • Maintain and review inventory transactions ...

Cost Accountant

Indianapolis, IN · On-site

$75K - $85K/yr

This role will focus on cost analysis, variance reporting, and helping to ensure cost-effective operations across all departments. Key Responsibilities: * Analyze manufacturing costs and prepare ...

Analyze manufacturing costs, margins, and production variances to identify trends, cost-saving opportunities, and operational improvements. * Prepare and maintain monthly cost reports, inventory ...

Cost Accountant

Indianapolis, IN · On-site

$75K - $85K/yr

This role will focus on cost analysis, variance reporting, and helping to ensure cost-effective operations across all departments. Key Responsibilities: * Analyze manufacturing costs and prepare ...

Cost Accountant

La Porte, IN · On-site

$85K - $100K/yr

Analyze manufacturing costs, margins, and production variances to identify trends, cost-saving opportunities, and operational improvements. * Prepare and maintain monthly cost reports, inventory ...

Cost Accountant

La Porte, IN · On-site

$85K - $100K/yr

Analyze manufacturing costs, margins, and production variances to identify trends, cost-saving opportunities, and operational improvements. * Prepare and maintain monthly cost reports, inventory ...

Cost Accountant

Plymouth, IN · On-site

$85K - $100K/yr

Analyze manufacturing costs, margins, and production variances to identify trends, cost-saving opportunities, and operational improvements. * Prepare and maintain monthly cost reports, inventory ...

CSA Cost Estimator

Indianapolis, IN · On-site +1

$100K - $115K/yr

Cost Analysis: Applies construction cost standards, including union and trade-based pricing structures, to support consistent estimating practices. * Should Cost Development: Develops independent ...

Cost Accountant

Elkhart, IN · On-site

$75K - $90K/yr

Cost Accountant Location: Elkhart, IN ( 100% Onsite ) About the Opportunity * Join a growing ... Analyze standard costs, bills of materials (BOMs), custom costs, ocean freight, and other ...

Cost Accountant (61285)

Whitestown, IN · On-site

$67K - $89K/yr

Cost Analysis & Reporting * Develop, maintain, and analyze cost models for warehousing, transportation, labor, and value-added services. * Perform monthly, quarterly, and annual cost variance ...

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Showing results 1-20

Cost Analyst information

See Indiana salary details

$35.2K

$82.1K

$121.3K

How much do cost analyst jobs pay per year?

As of Jul 19, 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 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 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.

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 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 the most commonly searched types of Cost Analyst jobs in Indiana? The most popular types of Cost Analyst jobs in Indiana are:
What cities in Indiana are hiring for Cost Analyst jobs? Cities in Indiana with the most Cost Analyst job openings:
What are popular job titles related to Cost Analyst jobs in IN? For Cost Analyst jobs in IN, the most frequently searched job titles are:
Infographic showing various Cost Analyst job openings in Indiana as of July 2026, with employment types broken down into 87% Full Time, and 13% Contract. Highlights an 92% In-person, and 8% Hybrid job distribution, with an average salary of $82,131 per year, or $39.5 per hour.
Senior Cost Functional Excellence Analyst - ReCon Manufacturing

Senior Cost Functional Excellence Analyst - ReCon Manufacturing

Cummins Inc.

Columbus, IN

$77K - $98K/yr

Full-time

Posted 4 days ago


Cummins rating

8.0

Company rating: 8.0 out of 10

Based on 259 frontline employees who took The Breakroom Quiz

131st of 528 rated manufacturers


Job description

The Senior Cost Functional Excellence Analyst supports ReCon Manufacturing Finance by strengthening cost discipline, standardization, and financial insight across ReCon plants. This role focuses on enabling improved cost performance through rigorous analysis, functional excellence in cost processes, and partnership with plant finance and operations teams. The position does not own plant execution but enables outcomes through expertise, governance, and insight.

This role provides centralized finance support to ReCon manufacturing locations, with a primary focus on cost enhancements, standard labor hours, core study evaluation, ReCon cost content, and Material Usage Variance (MUV). The role partners closely with plant finance teams, operations, and central finance leaders to improve consistency, accuracy, and insight across cost-related activities.

In this role, you will make an impact in the following ways: 

Cost Functional Excellence & Enhancements

  • Drive continuous improvement and standardization of ReCon cost processes, methodologies, and controls.
  • Identify opportunities to enhance cost visibility, accuracy, and consistency across ReCon plants.
  • Support cost standardization efforts and adoption of best practices across ReCon manufacturing locations.

Standard Hours & Cost Accuracy

  • Support the standard hours project, including validation of labor standards and alignment to operational reality.
  • Analyze and communicate financial implications of standard hour changes.
  • Ensure standard cost accuracy and alignment to current operating conditions

Core Study Evaluation

  • Lead and support core study evaluation.
  • Ensure consistent, compliant, and well-documented core study processes.

ReCon Cost Content, MUV & Variance Support

  • Provide detailed analysis and insight into Material Usage Variance (MUV), including identification of key drivers and risks.
  • Support development of clear ReCon cost content and explanations for monthly, quarterly, and adhoc reviews.
  • Enable consistent and high-quality variance explanations across plants.

Finance Partnership & Enablement

  • Act as a central finance resource supporting ReCon plant finance teams across costrelated topics.
  • Support finance leadership with cost insights tied to operational drivers, risks, and improvement actions.
Cummins is an equal opportunity employer. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, sex, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity, or other status protected by law.

Education, Licenses, Certifications:

  • College, university, or equivalent degree in Accounting, Finance or related field required.
  • Progress toward Certified Public Accountant, Certified Management Accountant, Chartered Accountant or similar certification preferred.

Experience:

Intermediate level of relevant professional work experience in the field of study required.

To be successful in this role you will need the following:

  • Build strong business partnerships by deeply understanding the business, proactively collaborating with stakeholders, and using data-driven insights to influence decisions that align with organizational goals and mitigate risk.
  • Deliver clear, actionable financial insights by analyzing trends, variances, risks, and opportunities, translating financial results into meaningful conclusions that drive business improvement.
  • Ensure financial integrity and control by applying a robust internal control framework, identifying control gaps, and developing effective remediation plans to address financial reporting risks.
  • Provide forward-looking guidance through planning and forecasting by validating assumptions, analyzing trends, and partnering with stakeholders to deliver accurate forecasts aligned to strategic objectives.
  • Drive compliant, decision-ready financial reporting by preparing and presenting accurate financial information in accordance with US GAAP, while clearly communicating implications to stakeholders with varying levels of financial knowledge.
  • Optimize product costing and inventory accuracy by analyzing product costs, fixed and variable components, and cost variances to ensure compliance with accounting policies and improve the integrity of inventory and cost results.

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About Cummins

Sourced by ZipRecruiter

Cummins Inc., headquartered in Columbus, IN, US, is a global power leader that designs, manufactures, and distributes numerous power products and systems. With its genesis from as early as 1919, the company readily serves diverse industries such as transportation, industrial, generator drive, or marine applications, among others. At the heart of Cummins' operations, its key product lineup encompasses diesel & natural gas engines, generator sets, engine components, and filtration, emission solutions, and electrical power generation systems. Cummins deeply embodies core values of integrity, respect for diversity, teamwork, performance excellence, and social responsibility - all of which dynamically fuel their mission 'Making people's lives better by powering a more prosperous world'.

Industry

Transportation equipment manufacturing

Company size

10,000+ Employees

Headquarters location

Columbus, IN, US

Year founded

1919