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Cost Analyst Jobs in Utah (NOW HIRING)

Tecolote Research

Journeyman Cost Analyst

UT · On-site

Work may include parametric cost estimating, life cycle cost analysis, cost estimating relationships and model development, cost risk analysis, performance measurement (earned value), project ...

Quanta Services

Project Cost Analyst

Provo, UT

The Project Cost Analyst supports the financial and cost-control functions of construction projects, working under the direction of the Project Controller and/or Project Manager. This role focuses on ...

New

Tecolote Research

Senior Cost Analyst

UT · On-site

$76K - $97K/yr

Work may include parametric cost estimating, life cycle cost analysis, cost estimating relationships and model development, cost risk analysis, performance measurement (earned value), project ...

Tecolote Research

Cost Analyst (Entry Level)

UT · On-site

Working as part of an integrated product team, the analyst will perform a wide variety of cost and economic analyses/estimating/engineering support directly interfacing with program offices and ...

Spartronics LLC

Cost & Pricing Analyst

Logan, UT · On-site

Job Type Full-time Description Spartronics Cost & Pricing Analyst On-Site position: North Logan, UT Join our Corporate Finance team in Logan, Utah as a Cost & Pricing Analyst, where you'll play a key ...

Tecolote Research

Senior Cost Engineer Analyst

UT · On-site

$76K - $97K/yr

Work may include parametric cost estimating, life cycle cost analysis, cost estimating relationships and model development, cost risk analysis, performance measurement (earned value), project ...

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Cost Analyst information

See Utah salary details

$33.7K

$78.6K

$116.1K

How much do cost analyst jobs pay per year?

As of Aug 21, 2026, the average yearly pay for cost analyst in Utah is $78,576.00, according to ZipRecruiter salary data. Most workers in this role earn between $63,300.00 and $91,500.00 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 Utah, the most frequently searched job titles are:

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Cost Analyst jobs near you
Infographic showing various Cost Analyst job openings in Utah as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 16% Part Time, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $78,576 per year, or $37.8 per hour.

Cost Analyst

First Quality Retail Services

Salt Lake City, UT • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 25 days ago

Job description

Founded over 35 years ago, First Quality is a family-owned company that has grown from a small business in McElhattan, Pennsylvania into a group of companies, employing over 5,000 team members,while maintaining ourfamilyvalues and entrepreneurialspirit. With corporate offices in New York and Pennsylvania and 8 manufacturing campuses across the U.S. and Canada, the companies within the First Qualitygroup produce high-quality personal care and household products forlargeretailers and healthcareorganizations. Our personal care and household product portfolio includes baby diapers, wipes, feminine pads, paper towels, bath tissue, adult incontinence products, laundry detergents, fabric finishers, and dishwash solutions.In addition, we manufacture certain raw materials and components used in the manufacturing of these products, including flexible print and packaging solutions.

Guided by our values of humility, unity, and integrity, we leverage advanced technology and innovation to drive growth and create new opportunities. At First Quality, you'll find a collaborative environment focused on continuous learning, professional development, and our mission to Make Things Better.

We are seeking a Cost Analyst for our First Quality Home Care Products facility located in Salt Lake City, UT. This position will be responsible for supporting all cost accounting duties required within a manufacturing organization supporting the delivery of the highest quality product at the lowest possible cost.

Primary responsibilities include:

  • Inputs production data into ERP system and perform associated inventory movements as required.
  • Updates standard raw material costing on a periodic basis to ensure accurate cost system information.
  • Updates BOMs, BOOs and new parts master listings as directed.
  • Coordinates, inputs, and reports physical inventory results and weekly cycle counts.
  • Participates in annual planning/budgeting process - overhead rate development, cycle time standards, etc.
  • Creates monthly manufacturing key indicators package and participate in related analytics.
  • Supports monthly BVA review process.
  • Assists with problem resolution and improvement opportunities.
  • Performs ad hoc analyses as assigned.
  • Observes all safety rules and uses the proper safety equipment at all times.
  • Performs other duties as necessary when directed to do so.
  • Follows necessary GMP, FDA, and ISO regulations.
  • First Quality team members must follow all First Quality environmental, health and safety requirements as well as applicable federal, state, and local environmental, health, and safety regulations

The ideal candidate should possess the following:

  • Knowledge of Microsoft Excel.
  • Knowledge of ERP/cost accounting software.
  • Knowledge of cost accounting, general accounting, standard costing, and cost analysis concepts.
  • Strong communication skills.
  • Ability to interact with a variety of personnel, both internal and external.

What We Offer You

We believe that by continuously improving the quality of our benefits, we can help to raise the quality of life for our team members and their families. At First Quality you will receive:

  • Competitive base salary and bonus opportunities
  • Paid time off (three-week minimum)
  • Medical, dental and vision starting day one
  • 401(k) with employer match
  • Paid parental leave
  • Child and family care assistance (dependent care FSA with employer match up to $2500)
  • Bundle of joy benefit (years' worth of free diapers to all team members with a new baby)
  • Tuition assistance
  • Wellness program with savings of up to $4,000 per year on insurance premiums
  • ...and more!

First Quality is committed to protecting information under the care of First Quality Enterprises commensurate with leading industry standards and applicable regulations. As such, First Quality provides at least annual training regarding data privacy and security to employees who, as a result of their role specifications, may come in to contact with sensitive data.

First Quality is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, sexual orientation, gender identification, or protected Veteran status.

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