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Entry Level Cost Analyst Jobs in Minnesota (NOW HIRING)

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Purchasing and Planning Clerk

Lake City, MN · On-site

$19 - $22/hr

Responsibilities include: * Assist with analyzing product demand and forecasts, adjusting inventory ... Inventory turns/cost * Inventory carrying costs * Customer On-Time Delivery * Accuracy/quality

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All JobsCost Analyst JobsEntry Level Cost Analyst JobsEntry Level Cost Analyst Jobs in Minnesota

Entry Level Cost Analyst information

See Minnesota salary details

$36.2K

$84.5K

$124.9K

How much do entry level cost analyst jobs pay per year?

As of Aug 30, 2026, the average yearly pay for entry level cost analyst in Minnesota is $84,535.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,100.00 and $98,400.00 per year, depending on experience, location, and employer.

What does an entry level cost analyst do?

An Entry Level Cost Analyst assists with monitoring and analyzing the costs associated with a company's operations. They gather and review financial data, prepare cost reports, and help identify areas where the business can reduce expenses or improve efficiency. Their work supports senior analysts and management in making informed budgeting and financial decisions. Entry Level Cost Analysts often work with spreadsheets, accounting software, and collaborate with other departments to ensure accurate cost tracking.

What are the typical responsibilities of an entry level cost analyst, and how do they contribute to project success?

As an Entry Level Cost Analyst, you will be responsible for collecting and analyzing cost data, creating reports, and assisting with budgeting and forecasting for projects or company operations. You’ll often work closely with project managers, accountants, and procurement teams to ensure expenses are tracked accurately and stay within budget. Your attention to detail and analytical skills help identify cost-saving opportunities and prevent overruns, making your work essential to the financial health and success of the project. Expect to use spreadsheets and accounting software regularly, and to communicate your findings in meetings or written reports.

What are the key skills and qualifications needed to thrive as an entry level cost analyst, and why are they important?

To thrive as an Entry Level Cost Analyst, you need strong analytical and mathematical skills, attention to detail, and a bachelor’s degree in finance, accounting, or a related field. Familiarity with financial modeling software, Microsoft Excel, and enterprise resource planning (ERP) systems is typically required. Effective communication, problem-solving ability, and organizational skills help you collaborate with teams and clearly present cost findings. These competencies ensure accurate cost analysis, support informed decision-making, and drive efficiency in financial operations.

What is the difference between Entry Level Cost Analyst vs Cost Accountant?

AspectEntry Level Cost AnalystCost Accountant
Required CredentialsBachelor's in Finance, Accounting, or related fieldBachelor's in Accounting or Finance; CPA optional
Work EnvironmentCorporate finance, manufacturing, or logistics companiesAccounting departments, manufacturing firms, or consulting
Employer & Industry UsageUsed in industries focusing on budgeting, cost analysis, and financial planningCommon in manufacturing, auditing, and financial reporting

Entry Level Cost Analysts focus on analyzing costs, budgets, and financial data to support decision-making, often in a corporate setting. Cost Accountants handle detailed cost tracking, financial reporting, and compliance. While both roles require similar educational backgrounds, Cost Accountants typically have more specialized accounting skills and certifications. The roles often overlap in industries like manufacturing and logistics, but Cost Accountants tend to have more accounting-specific responsibilities.

What are the most commonly searched types of Cost Analyst jobs in Minnesota?

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

What are popular job titles related to Entry Level Cost Analyst jobs in Minnesota?

For Entry Level Cost Analyst jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Entry Level Cost Analyst jobs in Minnesota look for?

The top searched job categories for Entry Level Cost Analyst jobs in Minnesota are:

Entry Level Cost Analyst jobs near you
Infographic showing various Entry Level Cost Analyst job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 85% Full Time, 10% Part Time, 3% Contract, and 1% Nights. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $84,535 per year, or $40.6 per hour.

Financial Analyst 1 - Supply Chain

Cirrus Aircraft

Duluth, MN • Hybrid

$57K - $86K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 24 days ago

Cirrus Aircraft rating

8.5

Company rating: 8.5 out of 10

Based on 54 frontline employees who took The Breakroom Quiz

26th of 72 rated aerospace companies

Job description

The
Financial Analyst 1 will support project and departmental leaders to provide area financial reporting and ad hoc analysis for budgeting, forecasting, process improvement and key
strategic initiatives. This position will provide analytical support to Cirrus'
Business Unit to develop Key Performance Indicators (KPIs),
leveraging and improving upon existing metrics, and identifying business
insights, trends, and risks through related measurement and analysis. This position
will analyze historical spending trends, evaluate different scenarios and
help the business team understand potential trade-offs in key decisions. This entry level role will build familiarity with Cirrus business systems and operations, build and strengthen financial acumen, and build creditability in financial analysis.
  • Deliver clear financial insights on business
    performance by analyzing results, identifying key drivers, and communicating
    actionable recommendations to support decision-making
  •  Partner cross-functionally with business leaders and
    accounting to ensure accurate financial reporting, proper transaction
    recording, and alignment between operational activity and financial outcomes
  •  Support the development and ongoing management of
    annual budgets and periodic forecasts, ensuring alignment with operational
    goals and evolving business conditions
  •  Conduct comprehensive variance analysis (actuals vs.
    budget/forecast), highlighting trends, risks, and opportunities related to
    headcount, operating costs, and expenses
  •  Contribute to monthly and periodic financial reviews,
    ensuring stakeholders understand performance results and underlying drivers
  • Liaise with business teams and accounting department
    ensuring transactions are appropriately accounted for in the financials
  •  Assist in the preparation, validation, and execution
    of standard cost processes, ensuring accuracy and consistency in cost data
  • Maintain, and enhance financial reporting tools,
    dashboards, and models to improve data visibility, usability, and decision
    support
  •  With oversight, perform ad hoc financial analysis to
    address business questions, evaluate opportunities, and support strategic
    initiatives
  • Collaborate with cross-functional teams to improve
    processes, enhance data quality, and proactively adapt to changing operational
    needs
  •  Ensure adherence to standard operating procedures and
    internal controls, maintaining a high level of accuracy, timeliness, and
    reliability
  •  Actively support our mission, vision and core values
    and demonstrates Cirrus' Service Essentials.
  •  Perform additional duties and special projects as
    assigned
  •  Regular, reliable, and predictable attendance

  • Bachelors degree in
    accounting, finance, finance related data analytics or equivalent combination of education and experience
  • Proficiency and expertise in
    Excel (pivot tables, charts, advanced formulas, data imports, management of
    large data sets, etc.)
  •  Experience in using data
    analytics and visualization tools (e.g. Power BI, Tableau, SQL, etc.)
  •  Exceptional problem-solving
    skills, documentation skills, research and resolution skills, data analysis and
    multi-tasking skills
  • Strong interpersonal skills
    with the ability to communicate effectively verbally and in writing, and to
    work in a cross-functional, fast-paced environment and to drive operational
    initiatives
  •  Excellent time management and
    organizational ability; demonstrated ability to meet deadlines
  • Strong attention to detail
  • Innate curiosity: Demonstrates
    ability to look deeper and tactfully ask probing questions to identify issues
    and create innovative solutions

Preferred:
Minimum of one to two years experience in financial analysis or accounting preferred
  • Ability to prepare comprehensive financial forecasts and appropriately represent financial information
  • Working knowledge of accounting principles
  • Experience in tool development a plus

Our Benefits: Cirrus provides a range of exciting benefits, including:

  • Comprehensive Health Coverage: Medical, vision, dental, with additional dependent coverage options
  • Employer-Paid Coverages: Group term life, short- and long-term disability insurance
  • Flexible Spending Accounts: FSA and HSA offerings with company contributions to HSA
  • Well-being: Calm Health, Employee Assistance Program, and wellness incentives through medical provider
  • 401(k) Plan: Dollar-for-dollar match up to 5% after 90 days, with 100% vesting at 1 year of service
  • PTO: Various PTO plans starting at 100 hours accrued within the first year
  • Additional Time off Benefits: Paid holidays, 2 weeks of Paid Parental leave, paid time for funeral leave and jury duty
  • Career Development: Tuition reimbursement program and professional growth opportunities
  • Exclusive Discounts: Cirrus Store, partner and marketplace discounts available
  • Community & Engagement: Company and employee clubs at various locations

These benefits are designed to support your well-being, growth, and enjoyment at Cirrus!
Salary Range: USD $57,370.74/Yr. - USD $86,056.11/Yr.

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