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Financial Cost Analyst Jobs in Silver Spring, MD

Cesna Recruitment

Cost Financial Analyst

Reston, VA

... cost targets Supports the development of the annual capital plan, forecasts and analytical review of projects to ensure the adherence to internal financial benchmarks Support capital planning and ...

Cesna Recruitment

Cost Financial Analyst

Reston, VA · On-site

... on cost targets · Supports the development of the annual capital plan, forecasts and analytical review of projects to ensure the adherence to internal financial benchmarks · Support capital ...

BNH

Cost Analyst

Hyattsville, MD

$68K - $89K/yr

Perform budget, financial and cost variance analysis. * Ensure data accuracy and integrity across all project documentation and files. * Monitor project costs for accuracy and comparison to budget.

Systems Planning and Analysis

Cost Analyst

Alexandria, VA · On-site

$120K - $165K/yr

Master's degree required; focus in Economics, Mathematics, Operational Research, Engineering, Business, or Finance preferred * Certified Cost Estimator/Analyst (CCEA ® ) At SPA, we strive to deliver ...

Systems Planning and Analysis

Cost Analyst

Alexandria, VA · On-site

$120K - $165K/yr

Master's degree required; focus in Economics, Mathematics, Operational Research, Engineering, Business, or Finance preferred * Certified Cost Estimator/Analyst (CCEA ® ) At SPA, we strive to deliver ...

AURA

Cost Analyst

Baltimore, MD · On-site

Perform in-depth financial analysis of indirect and fringe costs against OMB and FAR cost ... regulations * Calculate indirect cost recovery rates for application to AURA NSF funded Center ...

Systems Planning and Analysis

Cost Analyst

Alexandria, VA · Hybrid

$120K - $165K/yr

Master's degree required; focus in Economics, Mathematics, Operational Research, Engineering, Business, or Finance preferred * Certified Cost Estimator/Analyst (CCEA) At SPA, we strive to deliver a ...

iQuasar LLC

Cost Analyst

Chantilly, VA · On-site

Bachelor's degree in engineering, physics, operations research, cost analysis, mathematics, finance, economics, business administration, or a similar quantitative field preferred. * Years of required ...

Technomics

Cost Analyst

Arlington, VA · On-site

Strong proficiency with Microsoft Excel for performing cost analysis, data reconciliation, quick-turn financial modeling, and working with large and/or calculation-intensive datasets Desired ...

BNH

Cost Analyst

Hyattsville, MD · On-site

$68K - $89K/yr

Perform budget, financial and cost variance analysis. * Ensure data accuracy and integrity across all project documentation and files. * Monitor project costs for accuracy and comparison to budget.

IQUASAR LLC

Cost Analyst

Chantilly, VA · On-site

Bachelor's degree in engineering, physics, operations research, cost analysis, mathematics, finance, economics, business administration, or a similar quantitative field preferred. * Years of required ...

Technomics Inc

Cost Analyst

Arlington, VA · On-site

Strong proficiency with Microsoft Excel for performing cost analysis, data reconciliation, quick-turn financial modeling, and working with large and/or calculation-intensive datasets Desired ...

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All JobsFinancial Cost Analyst JobsFinancial Cost Analyst Jobs in Silver Spring, MD

Financial Cost Analyst information

See Silver Spring, MD salary details

$36.2K

$87.5K

$152.5K

How much do financial cost analyst jobs pay per year?

As of Aug 9, 2026, the average yearly pay for financial cost analyst in Silver Spring, MD is $87,546.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $105,400.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a financial cost analyst?

To thrive as a Financial Cost Analyst, you need strong analytical skills, proficiency in cost accounting principles, and a degree in finance, accounting, or a related field. Expertise with financial modeling tools, ERP systems (like SAP), and advanced Excel functions is typically required, along with relevant certifications such as CMA or CPA. Attention to detail, effective communication, and problem-solving abilities are crucial soft skills in this role. These skills and qualifications ensure accurate cost analysis, informed decision-making, and valuable financial insights that drive business efficiency and profitability.

What is the difference between Financial Cost Analyst vs Cost Accountant?

AspectFinancial Cost AnalystCost Accountant
Primary FocusAnalyzing financial data to control costs and improve profitabilityRecording, analyzing, and reporting manufacturing or operational costs
Work EnvironmentFinance departments, corporate offices, consulting firmsManufacturing plants, production facilities, accounting departments
Required CredentialsBachelor's in Finance, Accounting, or related field; CPA or CMA optionalBachelor's in Accounting, Finance, or related; CPA often preferred
Industry UsageFinance, consulting, corporate sectorsManufacturing, production, industrial sectors

While both roles involve financial analysis, the Financial Cost Analyst primarily focuses on analyzing costs to support financial decision-making, whereas the Cost Accountant concentrates on recording and managing cost data within manufacturing or operational contexts. Both roles require similar educational backgrounds and certifications, but their work environments and specific responsibilities differ.

Do financial cost analysts make a lot of money?

Financial cost analysts typically earn a median salary that is competitive within finance and accounting fields, with salaries varying based on experience, education, and location. Entry-level positions may start lower, while experienced analysts with certifications like CFA can earn higher salaries, often supplemented by bonuses and benefits.

What does a financial cost analyst do?

A Financial Cost Analyst is responsible for analyzing the costs associated with a company's operations, products, or services. They gather and review financial data, prepare cost reports, and identify areas where the business can become more efficient or reduce expenses. Their insights help management make informed decisions about budgeting, pricing, and resource allocation. Financial Cost Analysts often collaborate with other departments to implement cost-saving measures and support overall financial health.

What are some common challenges financial cost analysts face when working with cross-departmental teams?

Financial Cost Analysts often collaborate with departments such as procurement, operations, and project management to collect and analyze cost data. One common challenge is aligning data standards and reporting timelines across departments, which may use different systems or prioritize different metrics. Effective communication and building strong relationships are essential to bridge these gaps and ensure accurate, timely reporting. Developing a solid understanding of each department’s workflows can help anticipate issues and facilitate smoother collaboration.
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Financial Cost Analyst jobs near you
Infographic showing various Financial Cost Analyst job openings in Silver Spring, MD as of August 2026, with employment types broken down into 88% Full Time, 3% Part Time, and 9% Contract. Highlights an 94% In-person, and 6% Hybrid job distribution, with an average salary of $87,546 per year, or $42.1 per hour.

Cost Financial Analyst

Cesna Recruitment

Reston, VA

Full-time

Re-posted yesterday

Job description

Serve as a core finance partner to Manufacturing and Operations by driving visibility into cost structures (materials, conversion, logistics), improving forecast accuracy, and enabling cost control and capital allocation decisions.

       Partner with Manufacturing to analyze product cost structure (materials, labor, conversion, yield) and identify cost drivers impacting profitability

       Own monthly manufacturing variance analysis (volume, yield, cost rate, mix), explaining deviations vs AOP and forecast

        Support cost optimization initiatives including plant efficiency, yield improvement, and sourcing decisions

       Lead the annual operating plan and forecasting for Operations, SG&A and capital highlighting key risks and opportunities, while driving potential mitigating actions

       Develop driver-based models linking volume, yield, and cost assumptions to financial outcomes

       Participate in the month-end close ensuring accuracy of results and understanding variance drivers

       Lead monthly reviews with stakeholders to ensure accountability and alignment on cost targets

       Supports the development of the annual capital plan, forecasts and analytical review of projects to ensure the adherence to internal financial benchmarks

       Support capital planning and investment analysis of plants, including ROI, IRR, and payback for manufacturing and operations initiatives

       Partner with operations to evaluate capacity expansion, automation, and cost reduction projects.

       Conducts ad hoc analyses and projects to support business management decisions

       Lead monthly G&A meetings with cost center owners to provide a clear understanding of results

Requirements

       3+ years of experience in FP&A, operations finance, or manufacturing finance, or similar role

       Bachelor's degree in Supply Chain, Finance, or related field is required

       Strong understanding of cost drivers (materials, labor, overhead, logistics, etc)

       Advanced skills in Microsoft Excel required -  SAP HANA and Power BI a plus

       Prior work experience in industries such as Manufacturing or Food Manufacturing is preferred

       Analytical, ability to multi-task, attention to detail and self-motivated

       Excellent written and oral communication skills

       Ability to travel domestically and internationally (up to ~10%) to support plant visits, operational reviews, and cross-functional collaboration

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