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Material Cost Analyst Jobs (NOW HIRING)

Cost Analyst

Chillicothe, OH · On-site

$70 - $80K/hr

Conduct cost analysis and factor studies related to materials and production costs * Support month-end activities including journal entry preparation and other accounting support functions PREFERRED ...

Maintain and update product costing information in the ERP system for new and revised products, including routine cost roll-ups Analyze changes in raw material, packaging, and labor costs and assess ...

... cost accounting, bill of materials audits, inventory reconciliation, and cost analysis. The ... position also supports month-end close processes and special projects, while collaborating closely ...

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Cost Analyst will work with plant management to determine and resolve plant processes, take a ... Develop and maintain accurate Bills of Materials for each model and each Option produced in their ...

Cost Analyst will work with plant management to determine and resolve plant processes, take a ... Develop and maintain accurate Bills of Materials for each model and each Option produced in their ...

Cost Analyst will work with plant management to determine and resolve plant processes, take a ... Develop and maintain accurate Bills of Materials for each model and each Option produced in their ...

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Material Cost Analyst information

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$37K

$86.3K

$127.5K

How much do material cost analyst jobs pay per year?

As of Jul 5, 2026, the average yearly pay for material cost analyst in the United States is $86,312.00, according to ZipRecruiter salary data. Most workers in this role earn between $69,500.00 and $100,500.00 per year, depending on experience, location, and employer.

What are some common challenges Material Cost Analysts face when working with cross-functional teams?

Material Cost Analysts often collaborate with procurement, engineering, and manufacturing teams to accurately forecast and control material costs. A common challenge is reconciling differing priorities—while engineers may prioritize quality and innovation, procurement often focuses on cost savings. Effective communication and negotiation skills are essential for aligning these objectives and ensuring data accuracy, as cost discrepancies can significantly impact project budgets and timelines. Building strong relationships and maintaining transparency help analysts navigate these challenges and add value to the organization.

How much does a cost analyst make in the US?

A cost analyst in the US typically earns between $55,000 and $85,000 annually, with the median around $70,000. Salaries vary based on experience, industry, and location, and the role often requires proficiency in data analysis tools and cost modeling.

What does a Material Cost Analyst do?

A Material Cost Analyst is responsible for evaluating and monitoring the costs associated with materials used in manufacturing or production. They analyze price trends, assess supplier quotes, and track inventory costs to help companies manage expenses and improve profitability. Their work often involves collaborating with procurement, finance, and production teams to ensure cost-effective purchasing and efficient use of resources.

What is the difference between Material Cost Analyst vs Procurement Analyst?

AspectMaterial Cost AnalystProcurement Analyst
Primary FocusAnalyzing and controlling material costs to optimize budgetsManaging procurement processes and supplier negotiations
Skills & CertificationsCost analysis, budgeting, supply chain knowledge, certifications like CPCM or CPMProcurement strategies, negotiation skills, certifications like CPSM or CPIM
Work EnvironmentManufacturing, construction, or industrial settingsCorporate procurement departments, manufacturing firms
Industry UsageUsed in industries focusing on cost control and budgetingUsed in supply chain and purchasing departments

The Material Cost Analyst primarily focuses on analyzing and managing material costs within organizations, ensuring budgets are maintained. In contrast, the Procurement Analyst concentrates on sourcing and purchasing materials, negotiating with suppliers, and managing procurement processes. Both roles require supply chain knowledge and certifications, but their core responsibilities differ, with the Material Cost Analyst emphasizing cost control and the Procurement Analyst emphasizing procurement strategies.

What type of analyst gets paid the most?

Among analysts, financial analysts and management analysts tend to have the highest salaries, especially those with advanced certifications or specialized expertise. Material Cost Analysts typically earn moderate to high wages depending on experience, industry, and location, but generally do not surpass senior financial or management analysts in pay scale.

What is a material cost analyst job description?

A material cost analyst is responsible for estimating, analyzing, and controlling the costs of materials used in manufacturing or production processes. They review supplier pricing, track expenses, and use tools like spreadsheets or cost management software to ensure budgets are maintained and costs are optimized. Strong analytical skills and attention to detail are essential for this role.

What are the key skills and qualifications needed to thrive as a Material Cost Analyst, and why are they important?

To thrive as a Material Cost Analyst, you need strong analytical skills, a background in finance or supply chain management, and proficiency in cost accounting principles. Familiarity with ERP systems, advanced Excel functions, and data analysis tools such as SAP or Oracle is typically required. Attention to detail, problem-solving abilities, and effective communication are standout soft skills in this role. These competencies ensure accurate cost analysis, support informed business decisions, and help maintain profitability in complex supply chain environments.

What does a cost analyst do?

A cost analyst evaluates and monitors the expenses associated with projects, products, or operations to help organizations control costs and improve profitability. They analyze financial data, prepare reports, and may use tools like spreadsheets or cost management software to identify cost-saving opportunities. Strong analytical skills and attention to detail are essential for this role.
More about Material Cost Analyst jobs
Infographic showing various Material Cost Analyst job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, 2% Contract, and 2% Nights. Highlights an 77% Physical, 1% Hybrid, and 22% Remote job distribution, with an average salary of $86,312 per year, or $41.5 per hour.
Principal Material Cost Analyst

Principal Material Cost Analyst

Northrop Grumman Corporation

San Diego, CA • On-site

Full-time

Medical, Life, Retirement, PTO

Posted 18 days ago


Northrop Grumman rating

8.1

Company rating: 8.1 out of 10

Based on 347 frontline employees who took The Breakroom Quiz

110th of 527 rated manufacturers


Job description

RELOCATION ASSISTANCE: Relocation assistance may be available
CLEARANCE REQUIRED FOR START: No
CLEARANCE TYPE: Secret
TRAVEL: Yes, 10% of the TimeDescription
At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work - and we have an insatiable drive to do what others think is impossible. Our employees are not only part of history, they're making history.
Northrop Grumman Aeronautics Systems has an opening for a Principal Material Cost Management Analyst (Level 3) to join our team of qualified, diverse individuals. This position will be located on-site in San Diego, CA.
Note: This position requires the ability to work on-site weekly in Rancho Bernardo with a hybrid telework schedule.
Responsibilities may include, but are not limited to:
This position will provide assistance and guidance to support the implementation of Earned Value Management System (EVMS) to Integrated Product Teams (IPTs) and Control Account Managers (CAMs), while ensuring compliance to DOD EVMS guidelines and the Autonomous Systems Division EVM System.
This is a fast paced high energy environment that requires a self-motivated employee to join the team. The ideal candidate will possess the following traits and abilities: thorough understanding and experience in use of EVMS and financial reporting as a hands-on expert for financial systems and analysis; understand and communicate unique problems and recommend potential business/process solutions; plan/schedule own activities to accomplish objectives with work reviewed upon completion for adequacy; exert influence on peers, internal customers, and other to support organizational goals while prioritizing activities to effectively complete them; leadership/team skills in completing interactive assignments, lead small teams and clearly communicate thoughts and objectives.
This Program Cost Control Analyst will focus in EVMS support for Major Subcontracts and General Procurement (GP). The analyst will be responsible for preparing month-end reports; developing and reviewing EAC's; incorporation of changes into the EVMS system in order to maintain Major Subcontract/GP cost and schedule baselines. The analyst will assist CAMs for EVMS activities including: WBS alignment, time phasing of the tasks, developing and documenting earned value methodologies, monthly performance measurement, estimate to complete analysis and updates, and variance analysis research and reporting. Support monthly cost and schedule reviews, identify pressures and opportunities, and develop recovery plans as required.
Essential Functions:
  • Develop and review material EACs
  • Ensure alignment with purchase orders for Major Subs and IWOs
  • Assist CAMs for EVMS activities including: WBS alignment, time phasing of the purchases, developing and documenting earned value methodologies, monthly performance measurement, estimate to complete analysis and updates, and variance analysis research and reporting
  • Support monthly cost and schedule reviews, identify pressures and opportunities, and develop recovery plans as required
  • Prepare budgets and schedules for contract work and perform and/or assists in financial analyses such as funding profiles, sales outlook, and variance analysis
  • Conduct analysis on material data and set up meetings with control account managers to review data
  • Provide support to Integrated Product Teams and Cost Management Managers
  • Support audits and reviews requested by programs, customers, and Suppliers

Basic Qualifications:
  • Bachelor's degree with 5 years of experience in Business Management, Accounting, Financial Analysis, and/or industry related field OR Master's degree with 3 years of experience in Business Management, Accounting, Financial Analysis, and/or industry related field.
  • Must have the ability to obtain and maintain U.S. Government Secret Clearance within a reasonable period, as determined by the company to meet its business needs.
  • Must have the ability to obtain and maintain Program Access within a reasonable period, as determined by the company to meet its business needs.
  • Proficient in Microsoft Office (Excel and PowerPoint)
  • Experience in Government Contracting with Earned Value Management (EVM).

Preferred Qualifications:
  • Financial forecasting and/or material accounting experience
  • Experience with Grouping, Pegging, and Distribution (GPD)
  • Understanding of Business Systems (SAP/Cobra)

We offer phenomenal learning opportunities, exposure to a wide variety of projects and customers, and a very friendly collaborative workplace. We are looking for self-motivated, proactive, and goal-oriented people to help us grow our services and become even better at what we do. Does this sound like you?
At Northrop Grumman, we are innovating-- building the next generation of sophisticated aircraft to protect our country. Our diverse portfolio of programs means there are endless paths to cultivate your career. We are well-known for our inclusive, family environment, as well as our excellent work/life balance. We also offer exceptional benefits/healthcare, a 9/80 schedule, and a great 401K matching.
Primary Level Salary Range: $94,200.00 - $141,200.00
The above salary range represents a general guideline; however, Northrop Grumman considers a number of factors when determining base salary offers such as the scope and responsibilities of the position and the candidate's experience, education, skills and current market conditions.
Depending on the position, employees may be eligible for overtime, shift differential, and a discretionary bonus in addition to base pay. Annual bonuses are designed to reward individual contributions as well as allow employees to share in company results. Employees in Vice President or Director positions may be eligible for Long Term Incentives. In addition, Northrop Grumman provides a variety of benefits including health insurance coverage, life and disability insurance, savings plan, Company paid holidays and paid time off (PTO) for vacation and/or personal business.
The application period for the job is estimated to be 20 days from the job posting date. However, this timeline may be shortened or extended depending on business needs and the availability of qualified candidates.
Northrop Grumman is an Equal Opportunity Employer, making decisions without regard to race, color, religion, creed, sex, sexual orientation, gender identity, marital status, national origin, age, veteran status, disability, or any other protected class. For our complete EEO and pay transparency statement, please visit http://www.northropgrumman.com/EEO. U.S. Citizenship is required for all positions with a government clearance and certain other restricted positions.

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About Northrop Grumman

Sourced by ZipRecruiter

At Northrop Grumman, our employees have incredible opportunities to work on revolutionary systems that impact people's lives around the world today, and for generations to come. Our pioneering and inventive spirit has enabled us to be at the forefront of many technological advancements in our nation's history - from the first flight across the Atlantic Ocean, to stealth bombers, to landing on the moon. We look for people who have bold new ideas, courage and a pioneering spirit to join forces to invent the future, and have fun along the way. Our culture thrives on intellectual curiosity, cognitive diversity and bringing your whole self to work - and we have an insatiable drive to do what others think is impossible.

Industry

Space research administration

Company size

10,000+ Employees

Headquarters location

Falls Church, VA, US

Year founded

1939