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Cost Analyst Jobs in Indiana (NOW HIRING)

Cost Accountant

West Lafayette, IN · On-site

$63K - $84K/yr

We are seeking a detail-oriented and analytical Cost Accountant to join our finance team. This role will be responsible for managing cost accounting functions, analyzing manufacturing costs, and ...

Cost Accountant

Greenfield, IN · On-site

$63K - $84K/yr

Conduct cost analysis for manufacturing based on requests for new business opportunities and improvements to existing programs, ensuring competitive and optimized pricing. * Develop, maintain, and ...

Cost Accountant

Greenfield, IN · On-site

$63K - $84K/yr

Conduct cost analysis for manufacturing based on requests for new business opportunities and improvements to existing programs, ensuring competitive and optimized pricing. * Develop, maintain, and ...

Cost Estimator - Hybrid

Madison, IN · On-site

$100K - $140K/yr

Provide financial analysis and strategic support to cross-functional teams, including Sales ... Oversee customer quoting processes, new program financials, and product cost modeling to optimize ...

Cost Accountant

West Lafayette, IN · On-site

$63K - $84K/yr

We are seeking a detail-oriented and analytical Cost Accountant to join our finance team. This role will be responsible for managing cost accounting functions, analyzing manufacturing costs, and ...

Cost Accountant

Drexel Gardens, IN · On-site

$65 - $85/hr

Perform detailed month-to-month cost analysis, explaining variances in inventory balances and COGS * Partner with Operations Finance to reconcile standard vs. actual costs and ensure accuracy of ...

New

Cost Accountant

Indianapolis, IN · On-site

$62K - $83K/yr

Perform detailed month-to-month cost analysis, explaining variances in inventory balances and COGS * Partner with Operations Finance to reconcile standard vs. actual costs and ensure accuracy of ...

Manage the change management process - identifying, analyzing, approving, and implementing changes that affect the project cost * Analyse tenders/bids to ensure client value for money * Assist in the ...

Senior Cost Manager

Indianapolis, IN · On-site

$110 - $140/hr

Manage the change management process - identifying, analyzing, approving, and implementing changes that affect the project cost * Analyse tenders/bids to ensure client value for money * Assist in the ...

Manage the change management process - identifying, analyzing, approving, and implementing changes that affect the project cost * Analyse tenders/bids to ensure client value for money * Assist in the ...

Manage the change management process - identifying, analyzing, approving, and implementing changes that affect the project cost * Analyse tenders/bids to ensure client value for money * Assist in the ...

Provide detailed recurring analysis of Cost of Goods Sold, inventory and gross margin and meaningful variance explanations * Establish standardized reporting for Cost of Goods Sold and Plant ...

Responsible for cost engineering, cost estimation, cost analysis, and control activities for projects with significant non-routine requirements or for proposal estimating activities which require a ...

Responsible for cost engineering, cost estimation, cost analysis, and control activities for projects with significant non-routine requirements or for proposal estimating activities which require a ...

Showing results 41-60

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.

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 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 Accountant

SK hynix America

West Lafayette, IN • On-site

$63K - $84K/yr

Full-time

Medical, Retirement, PTO

Re-posted 14 days ago


Job description

Job Overview:

We are seeking a detail-oriented and analytical Cost Accountant to join our finance team. This role will be responsible for managing cost accounting functions, analyzing manufacturing costs, and supporting financial planning and reporting. The ideal candidate will have strong experience in cost analysis, inventory valuation, and financial reporting within a manufacturing or production environment.

Responsibilities:
  • Manage and maintain the cost accounting system, including standard costing and cost allocations.
  • Analyze manufacturing costs, variances, and production performance.
  • Prepare and review cost of goods sold (COGS) and inventory valuation reports.
  • Monitor and analyze inventory transactions and ensure accurate inventory accounting.
  • Support monthly, quarterly, and annual financial close processes related to cost accounting.
  • Conduct variance analysis for materials, labor, and overhead, and provide actionable insights to management.
  • Collaborate with operations and production teams to improve cost efficiency and control.
  • Prepare cost reports and financial analyses for management review.
  • Assist in budgeting, forecasting, and cost planning activities.
  • Ensure compliance with accounting standards and internal controls.
  • Support internal and external audits related to cost accounting and inventory.    

Qualification:   

  • Bachelor's degree in Accounting, Finance, or a related field required.
  • At least 5 years of experience in cost accounting or manufacturing accounting.
  • Strong understanding of cost accounting principles and inventory management.
  • Excellent analytical, problem-solving, and communication skills.

Preferred Qualifications:

  • Bilingual proficiency in Korean and English is highly desirable.
  • Experience working in a global or multinational company.
  • Hands-on experience with ERP systems such as SAP.
  • Experience in manufacturing or production environments.

Requirement:     

  • Authorized to work in the US    

Benefits:       

  • Top Tier health insurance at no employee cost
  • Paid day offs: Paid Time Off, Company Holidays, Parental Leave, Happy Fridays
  • 401k Matching
  • Flexible Spending Account (FSA) for Health Care & Dependent Care
  • Educational reimbursement up to $10,000 per year
  • Donation Matching and volunteering opportunities
  • Corporate discount programs
  • Free Breakfast/Lunch/Dinner provided to employees

SK Hynix America logo

About SK Hynix America

Sourced by ZipRecruiter

Industry

Semiconductor and electronic component manufacturing

Company size

201 - 500 Employees

Headquarters location

San Jose, CA, US

Year founded

1983