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Material Cost Analyst Jobs (NOW HIRING)

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Tyson Foods

Cost Analyst

Caseyville, IL · On-site

$57K - $97K/yr

Summary: The Cost Analyst is responsible for ensuring accurate financial reporting and cost ... Maintain accurate standard costing, including bills of materials (BOMs) and production standards.

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Stratagem Solutions, Inc

Cost Analyst

Huntsville, AL · On-site

Analyze the following cost elements: labor, travel, materials, other ODC, overhead, G&A and cost of money. * Evaluate various Courses of Actions (COAs) in the development of an Analysis of ...

Quanta Services

Cost Analyst

Columbus, OH · On-site

Monitor and analyze labor, equipment, subcontract, and material costs for accuracy and completeness. * Assist in preparing earned value and production tracking reports; support monthly cost-to ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

USA JOBS

Cost Analyst

King Of Prussia, PA

$125K/yr

... materials, such as nuclear medicine programs at hospitals and academic activities at educational ... analyses, and cost/benefit studies. (EXAMPLE: Describe specific education, training and ...

USA JOBS

Cost Analyst

Atlanta, GA

$125K/yr

... materials, such as nuclear medicine programs at hospitals and academic activities at educational ... analyses, and cost/benefit studies. (EXAMPLE: Describe specific education, training and ...

Sabre Systems LLC

Cost Analyst

Wrightstown, NJ

... cost elements such as direct labor, materials, overhead, indirect rates, and general ... Strong analytical, problem-solving, and critical thinking skills * Excellent written and verbal ...

Sabre Systems LLC

Cost Analyst

Wrightstown, NJ · On-site

... cost elements such as direct labor, materials, overhead, indirect rates, and general ... Strong analytical, problem-solving, and critical thinking skills * Excellent written and verbal ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

Vaco LLC

Cost Analyst

Los Angeles, CA

Monitor inventory consumption, material usage, and operational efficiency metrics. Develop and maintain cost reports, dashboards, and analytical models. Support overhead absorption analysis and ...

USA JOBS

Cost Analyst

Naperville, IL · On-site

$125K/yr

... materials, such as nuclear medicine programs at hospitals and academic activities at educational ... analyses, and cost/benefit studies. (EXAMPLE: Describe specific education, training and ...

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All JobsMaterial Cost Analyst Jobs

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 Jun 9, 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.

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 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.
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What job categories do people searching Material Cost Analyst jobs look for? The top searched job categories for Material Cost Analyst jobs are:
Material Cost Analyst jobs near you
Infographic showing various Material Cost Analyst job openings in the United States as of May 2026, with employment types broken down into 71% Full Time, 27% Part Time, and 2% Contract. Highlights an 75% Physical, 1% Hybrid, and 24% Remote job distribution, with an average salary of $86,312 per year, or $41.5 per hour.
Senior Pricing Analyst - Material Cost Estimator

Senior Pricing Analyst - Material Cost Estimator

Leonardo DRS

Bridgeton, MO • On-site

$79K - $103K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago

Leonardo DRS rating

8.1

Company rating: 8.1 out of 10

Based on 51 frontline employees who took The Breakroom Quiz

104th of 516 rated manufacturers

Job description

Job ID: 114409 

The Leonardo DRS Land Systems business is a recognized leader in the design and integration of complex technologies into new and legacy systems and platforms for global military and commercial customers. We are a 5 year running Top Workplace in the Greater St. Louis area.  

Job Summary

DRS Land Systems is seeking a full time Senior Pricing Analyst - Material Cost Estimator for our Supply Chain team.  This position is based out of our Bridgeton, MO facility and will have the option to work an in person or hybrid schedule.  This role will support DoD proposals, develop costing strategies, generate costed bills of materials, develop material basis of estimates, and provide supporting analysis.  This position will partner with proposal and program management teams to align material cost estimates with bid strategy, ensuring submissions are competitive and compliant.

Job Responsibilities
  • Cost Estimating: Conduct material cost estimating, analyze price reasonableness, and prepare internal supporting documentation.  Utilize Deltek Costpoint, IBM Cognos, Microsoft Excel, and Deltek ProPricer to complete this process.
  • Supply Chain Collaboration: Work with purchasing and engineering functions to optimize material cost estimating, determine supplier quoting strategy and ensure comprehensive cost estimates.
  • Proposal Development: Generate material basis of estimate for proposal submittals, providing accurate and well-supported packages.
  • Contract Negotiation and Award Reporting: Support contract negotiations with updated cost estimates and the disclosure cost or pricing data as required.  After award, provide artifacts to program execution team detailing awarded material basis of estimate by part number.
  • Develop, organize, and maintain cost traceability linking supplier quotes, historical data, and pricing rationale to proposal submissions for audit readiness and internal transparency.
  • Measure target costs against proposal costs and work with Supply Chain Management on methods to meet targets.
  • Work with other functional areas and be able to support and present material estimates to executive level management.
  • Support, communicate and defend the mission, values and culture of the company.
  • Maintain professional relationships with internal customers.
  • Assist department staff with various analyses for the specific area of expertise.
  • Provide routine status and track outstanding actions and issues.
  • Look for creative ways to improve purchasing ability to make contributions to the company's goals.
  • Review requests for proposals to identify and assist the proposal team in developing responses.
  • Analyze estimates against previous cost experience and recommend adjustments.
  • Provide guidance to the team and senior management in the execution of new business cost proposals including providing counsel on RFP, FAR, CAS and disclosure compliance issues.
  • Establish and coordinate schedules, monitor and escalate problems, develop cost/price models.
  • Assist with pricing cost narrative, price strategy, risk assessment, business case analysis, and preparation/presentation of management briefings.
Qualifications
  • Bachelor's degree in Finance, Supply Chain, Data Science, Business or related field
  • A minimum of 5 years of relevant experience
  • Experience in DoD procurement, material planning, or estimating within an aerospace/defense production environment
  • Proficiency with ERP systems, strong data analysis, and familiarity with material estimating/proposal processes
  • Demonstrated knowledge of supply chain management tools and procedures able to manage multiple tasks, set priorities and make decisions
  • Understanding of DoD estimating requirements
  • Strong communication skills to interact with stakeholders and cross-functional teams
  • Continuous improvement mindset focused on cost reduction

The salary range for this position is $79,919.00/year- $103,895.00 for the state of Illinois.  This range reflects the good faith estimate of pay the employer is willing to offer at the time of posting. Several factors can influence the pay scale, including but not limited to: Federal contract labor categories and contract wage rates, collective bargaining agreements, geographic location, business considerations, scope, and responsibilities of the position, local or other applicable market conditions, and internal equity. Other factors include the candidate's qualifications such as prior work experience, specific skills and competencies, education/training, and certifications. In addition to base pay, employees may be eligible for: annual performance-based bonuses, equity awards, and overtime pay (for non-exempt employees as applicable. Our benefits package includes comprehensive health insurance (medical, dental, vision), employer matching 401(k) retirement plan, paid time off including vacation, holidays, and sick leave (including ant state-mandated paid sick leave), parental leave benefits, tuition reimbursement, professional development support, and life and disability insurance coverage.

Taking care of our people is a top priority at Leonardo DRS. We are proud to offer competitive salaries and comprehensive benefits, including medical, dental, and vision coverage, a company contribution to a health savings account, telemedicine, life and disability insurance, legal insurance, and a 401(k) savings plan. We champion wellness programs that focus on physical, emotional, and financial well-being. We develop our talent by offering programs and activities to support career-growth, professional development, and skill enhancement. And we understand there is more to life than work, and the importance of offering flexible work schedules with our 9/80 program, competitive vacation, health/emergency leave, paid parental leave, and community service hours. 
*Some employees are eligible for limited benefits only

Leonardo DRS, Inc. and its subsidiaries provide equal opportunities to all employees and applicants for employment and prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, protected veteran status, or any other characteristic protected by federal, state, or local laws. #LSY

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