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Cost Analyst Jobs in Michigan (NOW HIRING)

Job Posting Title Lead Cost Estimating Analyst Summary Work within the Procurement group and serve as liason between Procurement Category Management and the rest of the organization with a goal of ...

Cost Center Analyst

Grand Rapids, MI · Hybrid

$76.50 - $112.20/hr

Dematic Corp is seeking a Cost Center Financial Analyst to support key operational functions including Project Management, Installation, and Engineering. This role serves as a finance partner to ...

Cost Center Analyst

Grand Rapids, MI · Hybrid

$76.50 - $112.20/hr

Dematic Corp is seeking a Cost Center Financial Analyst to support key operational functions including Project Management, Installation, and Engineering. This role serves as a finance partner to ...

Senior Cost Analyst Department: Finance Location: Holland, M There has never been a more exciting time to join Request Foods. We've been selling products to many of the world's leading food companies ...

Financial Cost Modeling Analyst The Financial Cost Modeling Analyst plays a critical role in driving profitable growth by developing and maintaining robust cost models that support pricing, quoting ...

Financial Cost Modeling Analyst The Financial Cost Modeling Analyst plays a critical role in driving profitable growth by developing and maintaining robust cost models that support pricing, quoting ...

Overview The Costing Analyst oversees development and management of product costs: material cost, conversion cost, manufacturing equipment requirements, labor requirements, cycle times, tooling and ...

Showing results 21-40

Cost Analyst information

See Michigan salary details

$32.2K

$75.2K

$111.1K

How much do cost analyst jobs pay per year?

As of Aug 16, 2026, the average yearly pay for cost analyst in Michigan is $75,229.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,600.00 and $87,600.00 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 Michigan?

The most popular types of Cost Analyst jobs in Michigan are:

What cities in Michigan are hiring for Cost Analyst jobs?

Cities in Michigan with the most Cost Analyst job openings:

What are popular job titles related to Cost Analyst jobs in MI?

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

Infographic showing various Cost Analyst job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 8% Part Time, 1% Temporary, and 5% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $75,229 per year, or $36.2 per hour.

Lead Cost Estimating Analyst

Aampower

Detroit, MI

Full-time

Posted 5 days ago


Job description

Job Posting Title

Lead Cost Estimating Analyst

Job Description Summary

Work within the Procurement group and serve as liason between Procurement Category Management and the rest of the organization with a goal of estimating business cases in a timely and accurate fashion. Contemplate the different price structure factors at play: design changes, volume, capacity, economics, etc. Act as the key resource within Procurement to understand the changes and complexities of large-scale automotive programs, analyze how these changes can affect every component within a BOM of purchased components, and communicate the needs of the customer or the organization to Procurement Category Management to ensure supplier costs are accurate, reasonable, and justifiable.

Job Description:

  • Serves as the liason between Procurement Category Management and Finance to drive cost efficiency and coordination for creating multiple business cases.
  • Responsible for creating, compiling, and presenting procurement pricing related to new sourcing opportunities and design changes.
  • Responsible to layout price drivers for components in scenarios such as: design changes, volume fluctuation studies, new business, etc.
  • Represent the Procurement organization in cross-functional team meetings to ensure all deliverables are provided to properly cost components accurately and efficiently.
  • Provides reporting to the management team on cost drivers related to new business opportunities and major cost changes to support financial decision making.
  • Gathers requirements in support of category management, helps facilitate the process and act as an escalation point to both Procurement and the Cost Request system team, where needed.
  • Provides various data analysis such as volume change comparison, BOM changes, supply base overview.
  • Makes recommendations to leadership from a customer standpoint, by aggregating the voice of the internal customer.
  • Understand and break down product technical requirements (weight, specs, material, prints, etc.) to support preliminary cost creation and multi-functional team committee cost estimation.
  • Good understanding of impact of production volume, tooling, lead-time, and ED&T when costing Engineering Bill of Materials for new and current programs using Manufacturing Plans and Cost Models.
  • Responsible for evaluating and analyzing cost changes for various products/processes - castings, stampings, forgings, machining etc.; and associated tooling investments by reviewing technical specifications and requirements.
  • Coordinate within the Procurement organization the answer to multiple Cost Requests processed at the same time (prioritize based on given timing and business criticality, perform the data manual input in the system).
  • Follow-up with various departments to ensure Cost Request answers are accurate and on-time.
  • Organize and record supply base pricing to leverage the internal knowledge in order to offer competitiveness for future new potential business costing.
  • All other duties as assigned.

Required Skills and Education

  • BA/BS plus 7 years professional experience; or Advanced Degree plus 5 years professional experience; or Industry Experience of plus 10 years in Manufacturing Engineering or equivalent.
  • Knowledge of automotive powertrain products along with manufacturing methods/processes preferred.
  • Strong technical expertise in casting, stamping, machining and/or related categories required.
  • Excellent analytical and problem-solving skills.
  • Excellent oral and written communication skills.
  • Manufacturing experience preferred.
  • Self-motivated individual with the ability to work independently as required.
  • Good level of understanding of Financials indicators and metrics supporting decision making: GP, NPV, Payback, IRR, EBITDA, etc.
  • Willingness to travel as required to plant & supplier sites to assess the products and manufacturing process systems, approximately 5%.

Critical Skills:

  • Knowledge of manufacturing process for various categories: castings, forgings, machining, stampings, etc.
  • Proficiency in understanding engineering drawings and specifications
  • Proficiency in analyzing and challenging supplier quote and cost breakdown
  • Proficiency in defining cost drivers in any manufacturing process

About Dauch:

Dauch Corporation is a premier Driveline and Metal Forming supplier serving the global automotive industry with a powertrain-agnostic product portfolio that supports electric, hybrid, and internal combustion vehicles. The company is headquartered in Detroit, MI, with operations that span 24 countries and more than 175 locations. Formed through the acquisition of Dowlais Group plc and its subsidiaries - GKN Automotive and GKN Powder Metallurgy, Dauch unites deep engineering roots with global manufacturing capabilities and an entrepreneurial spirit to move mobility forward. Visit www.dauch.com to learn more.


Dauch will not discriminate against any Associate or applicant for employment because of age, race, color, gender, religion, weight, height, marital status, sexual orientation, genetic history or information, gender identity or expression, disability, protected veteran status, national origin, or other characteristic protected by law. Dauch will take affirmative action to ensure that applicants are employed, and that Associates are treated equally during employment, without regard to their age, race, color, gender, religion, weight, height, marital status, sexual orientation, genetic history or information, gender identity or expression, disability, protected veteran status, national origin, or other characteristic protected by law. For the Disabled Job Seeker: We offer reasonable accommodations for qualified disabled individuals who are applicants for employment. To request assistance or accommodations, please e-mail TalentAcquisition@aam.com. Dauch is an equal opportunity/affirmative action employer.