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Cost Reduction Jobs in Chicago, IL (NOW HIRING)

Gotion, Inc.

Cost Accountant

Manteno, IL · On-site

$65K - $86K/yr

Develop and implement cost reduction strategies * Track and monitor variances between actual and budgeted costs * Maintain accurate records of all cost accounting transactions * Work closely with the ...

HRT Solutions

Cost Accountant

Cary, IL · On-site

$85K - $100K/yr

Identify opportunities for cost reduction and process efficiency. Inventory & Compliance * Participate in physical inventory counts and monitor inventory accuracy within the system. * Support efforts ...

HRT Solutions

Cost Accountant

Cary, IL · On-site

$85K - $100K/yr

Identify opportunities for cost reduction and process efficiency. Inventory & Compliance * Participate in physical inventory counts and monitor inventory accuracy within the system. * Support efforts ...

ECOS

Senior Cost Accountant

Addison, IL · On-site

$90K - $110K/yr

Support continuous improvement initiatives and cost reduction efforts * Assist with capital expenditure analysis and ROI modeling Controls & Compliance * Maintain internal controls over inventory and ...

ECOS

Senior Cost Accountant

Addison, IL · On-site

$90K - $110K/yr

Support continuous improvement initiatives and cost reduction efforts * Assist with capital expenditure analysis and ROI modeling Controls & Compliance * Maintain internal controls over inventory and ...

Earth Friendly Products

Senior Cost Accountant

Addison, IL · On-site

$90K - $110K/yr

Support continuous improvement initiatives and cost reduction efforts * Assist with capital expenditure analysis and ROI modeling Controls & Compliance * Maintain internal controls over inventory and ...

Rangen LLC

Senior Cost Analyst

Chicago, IL

$110K - $120K/yr

Partner with Operations to identify cost reduction opportunities and support continuous improvement initiatives. Margin Analysis & Business Support Perform detailed margin analysis by product ...

Rangen LLC

Senior Cost Analyst

Chicago, IL · On-site

$86K - $109K/yr

... cost reduction opportunities and support continuous improvement initiatives. Margin Analysis ... Business Support · Perform detailed margin analysis by product, customer, and manufacturing site ...

Rangen Group

Senior Cost Analyst

Chicago, IL · On-site

$110K - $120K/yr

... to identify cost reduction opportunities and support continuous improvement initiatives. Margin Analysis & Business Support • Perform detailed margin analysis by product, customer, and ...

pregis

Product Implementation Engineer

Aurora, IL

$88K - $105K/yr

Participate in cost reduction, value engineering, and continuous improvement initiatives. * Develop concepts, models, drawings, and documentation for product enhancements. * Support senior engineers ...

Jobtailor

Senior Procurement Specialist

Lake Forest, IL · On-site

$90 - $130/hr

Work closely with key stakeholders in both Corporate and Division organizations to develop effective cost reduction strategies and implementation plans * Be accountable for building and nurturing ...

Supplied Talent

Strategic Sourcing Manager

Hillside, IL

$126K - $164K/yr

Analyze market trends, conduct cost analyses, and identify opportunities for cost reduction and value creation. * Maintain accurate sourcing documentation, including contracts, supplier scorecards ...

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All JobsCost Reduction JobsCost Reduction Jobs in Chicago, IL

Cost Reduction information

See Chicago, IL salary details

$40.2K

$110.2K

$151.4K

How much do cost reduction jobs pay per year?

As of Aug 28, 2026, the average yearly pay for cost reduction in Chicago, IL is $110,233.00, according to ZipRecruiter salary data. Most workers in this role earn between $94,300.00 and $125,200.00 per year, depending on experience, location, and employer.

What is the difference between Cost Reduction vs Cost Analyst?

AspectCost ReductionCost Analyst
Primary FocusIdentifying and implementing strategies to decrease overall expensesAnalyzing costs, budgeting, and financial data to inform cost-saving decisions
Required SkillsStrategic planning, negotiation, project managementData analysis, financial modeling, reporting
Work EnvironmentCross-departmental, project-basedFinance or accounting departments, office setting
CertificationsOften not required but beneficial certifications include CPA, CMACPA, CFA, or similar financial certifications often preferred

While both roles focus on cost management, Cost Reduction involves developing and executing strategies to lower expenses across the organization. Cost Analysts primarily analyze financial data to identify cost-saving opportunities and support decision-making. The roles overlap in financial analysis skills but differ in scope and responsibilities, with Cost Reduction being more strategic and implementation-oriented, and Cost Analysts focusing on detailed financial analysis and reporting.

What are the most commonly searched types of Cost Reduction jobs in Chicago, IL?

The most popular types of Cost Reduction jobs in Chicago, IL are:

What job categories do people searching Cost Reduction jobs in Chicago, IL look for?

The top searched job categories for Cost Reduction jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Cost Reduction jobs?

Cities near Chicago, IL with the most Cost Reduction job openings:

Cost Reduction jobs near you
Infographic showing various Cost Reduction job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, and 4% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $110,233 per year, or $53 per hour.

Cost Accountant

Manteno, IL • On-site

Gotion, Inc.
Manufacturing • 1 - 10 employees
Learn more about Gotion, Inc.external

$65K - $86K/yr

Full-time

Re-posted 6 days ago

Job description

Summary:

We are seeking a highly motivated and analytical Cost Accountant to join our team at Gotion Inc's Illinois Manufacturing plant in Manteno, IL. The ideal candidate will have experience in analyzing manufacturing costs, preparing financial reports, and developing cost reduction strategies. Proficiency in Chinese is a plus.

Responsibilities:

  • Analyze manufacturing costs and identify areas for improvement
  • Prepare and present financial reports to senior management
  • Develop and implement cost reduction strategies
  • Track and monitor variances between actual and budgeted costs
  • Maintain accurate records of all cost accounting transactions
  • Work closely with the Cost Accounting Manager to ensure compliance with all accounting policies and procedures

Qualifications:

  • Bachelor's degree in accounting, finance, or a related field
  • 3+ years of experience in cost accounting
  • Experience with manufacturing cost accounting principles and methodologies
  • Strong analytical and problem-solving skills
  • Excellent attention to detail and strong organizational skills
  • Ability to work independently and as part of a team
  • Proficient in Microsoft Office Suite

Nice to Have:

  • Experience with ERP systems such as SAP or Oracle ERP
The U.S. base salary range for this full-time position is $80k -$100k, plus eligibility for bonus and benefits. Our salary ranges are determined by factors such as the role, level, and geographic location. The range listed in the job posting represents the minimum and maximum target salaries for this position across all U.S. locations. Actual compensation within the range will be influenced by the specific work location, along with factors such as job-related skills, experience, and relevant education or training. Your recruiter will provide more details about the specific salary range for your preferred location during the hiring process. Please note that the listed compensation reflects the base salary only and does not include bonus or benefits.

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