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Product Cost Analyst Jobs (NOW HIRING)

Cost Estimating Products * Support, develop, maintain, and update cost estimates such as Program ... Analyze Program Contractor cost estimates to ensure consistency with Government cost estimating ...

Job Summary SSI is seeking applicants with a strong budget background who are interested in satisfying a requirement to support an Army Acquisition Product Manager's Cost Analyst Team by preparing ...

Product Cost Engineer I

Peoria, IL · On-site

$67K - $84K/yr

The position provides cost transparency and structured analysis that enables fact-based decision-making across product development, operations, and procurement. Key Job Responsibilities Product Cost ...

Develop innovative development, production and operating and support (O&S) cost estimating ... Develop economic analyses, including but not limited to business case analyses, cost/benefit ...

... reliable product cost estimates for new productsCritically evaluate business opportunities; prepare financial analysis and recommendations for proposed capital expenditures including return on ...

Develop innovative development, production and operating and support (O&S) cost estimating ... Develop economic analyses, including but not limited to business case analyses, cost/benefit ...

The Cost Analyst is responsible for owning cost accounting for our engineered-to-order (ETO) manufacturing operations, including job costing, standard cost maintenance, variance analysis, and ...

As a Cost Analyst your duties will include the following, but are not limited to: * This position ... and to develop cost products and models that identify and evaluate program cost factors ...

Develop innovative development, production and operating and support (O&S) cost estimating ... Develop economic analyses, including but not limited to business case analyses, cost/benefit ...

Develop innovative development, production and operating and support (O&S) cost estimating ... Develop economic analyses, including but not limited to business case analyses, cost/benefit ...

Develop innovative development, production and operating and support (O&S) cost estimating ... Develop economic analyses, including but not limited to business case analyses, cost/benefit ...

Analyze expenses, cost transactions, and financial data to ensure accurate reporting and proper ... Collaboration with cross-functional teams including Accounting, Finance, Operations, and Production ...

The Cost Analyst is responsible for owning cost accounting for our engineered-to-order (ETO) manufacturing operations, including job costing, standard cost maintenance, variance analysis, and ...

Develop innovative development, production and operating and support (O&S) cost estimating ... Develop economic analyses, including but not limited to business case analyses, cost/benefit ...

Product Cost Engineer I

Peoria, IL · On-site

$67K - $84K/yr

The position provides cost transparency and structured analysis that enables fact-based decision-making across product development, operations, and procurement. Key Job Responsibilities Product Cost ...

Job Summary SSI is seeking applicants with a strong budget background who are interested in satisfying a requirement to support an Army Acquisition Product Manager's Cost Analyst Team by preparing ...

... as a Cost Analyst, specifically serving the Sheboygan Falls Campus Network. The successful ... Support the development of procedures and controls that ensure meaningful and reliable product ...

Cost Analyst

Kansas City, MO · On-site

$95K - $105K/yr

Perform pricing, cost, and margin evaluations for current products and upcoming launches, and ... Experience in financial analysis within a manufacturing, operations, or product-based environment.

As a Cost Analyst your duties will include the following, but are not limited to: * This position ... and to develop cost products and models that identify and evaluate program cost factors ...

Showing results 41-60

Product Cost Analyst information

See salary details

$37K

$86.3K

$127.5K

How much do product cost analyst jobs pay per year?

As of Aug 19, 2026, the average yearly pay for product 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 does a product cost analyst do?

A Product Cost Analyst is responsible for evaluating and analyzing the costs associated with producing a product. They gather and examine data related to materials, labor, overhead, and other expenses to determine the true cost of manufacturing goods. Their analyses help companies set product prices, identify cost-saving opportunities, and improve profitability. Product Cost Analysts also collaborate with other departments, such as finance, engineering, and production, to ensure accurate cost tracking and reporting.

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

To thrive as a Product Cost Analyst, you need strong analytical skills, a solid background in finance or accounting, and a bachelor's degree in a related field. Familiarity with ERP systems, advanced Excel functions, and cost accounting software is typically required. Attention to detail, effective communication, and problem-solving abilities are critical soft skills for success in this role. These competencies are essential for accurately evaluating product costs, supporting business decisions, and optimizing profitability.

What are the typical challenges faced by a product cost analyst when collaborating with cross-functional teams?

Product Cost Analysts often work closely with engineering, procurement, and finance teams to gather accurate data and ensure cost targets are met. One common challenge is aligning differing priorities—while engineers may focus on product performance, procurement emphasizes supplier costs, and finance looks at overall budget impact. Effective communication and negotiation skills are essential to balance these perspectives and provide actionable cost insights. Additionally, staying up-to-date with market trends and supplier changes can require proactive engagement and adaptability.

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

AspectProduct Cost AnalystCost Accountant
Primary FocusAnalyzing product costs, budgeting, and cost reduction strategiesRecording, analyzing, and reporting all cost-related financial data
Work EnvironmentManufacturing, production, or supply chain settingsAccounting departments within various industries
Required CredentialsBachelor's in finance, accounting, or related field; familiarity with cost analysis toolsBachelor's in accounting or finance; CPA often preferred

While both roles involve cost analysis, the Product Cost Analyst primarily focuses on analyzing and managing costs related to products during manufacturing, whereas the Cost Accountant handles broader financial reporting and cost tracking across the organization. Both roles require similar educational backgrounds and are essential in cost management within manufacturing and accounting environments.

More about Product Cost Analyst jobs

What states have the most Product Cost Analyst jobs?

States with the most job openings for Product Cost Analyst jobs include:

Infographic showing various Product Cost Analyst job openings in the United States as of August 2026, with employment types broken down into 80% Full Time, 17% Part Time, 2% Contract, and 1% Nights. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $86,312 per year, or $41.5 per hour.

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.


Job description

Position Summary

Odyssey Systems has an exciting new opportunity for a Cost Analyst to join our team of analysts developing, updating, and defending Life Cycle Cost Estimates (LCCEs) / Program Office Estimates (POEs) across Radar and C2 missions. This is a full-time opportunity with 90% of your time spent working remote.

If you have experince with ACE-IT (Automated Cost Estimating Integrated Tools) and are passionate about utilizing your financial and business accumen to defend our National Security interests, then this is the role for you! 

Responsibilities

Duties include, but not limited to: 

  • Data Integration
    • Develop and support custom cost data tools to support future estimates
    • Institute quality control measures, report results, and conduct process improvement initiatives as needed
  • Cost Estimating Process
    • Develop, maintain, update, and deliver fully documented and well-supported cost estimates, with an assessment of risk and schedule
    • Apply standard cost estimating methods such as analogy, engineering or scientific methodology, and extrapolation
    • Use of cost estimating outputs to assess the impact various factors have on the costs to design, research, develop, operate, maintain, and dispose of a particular weapon system
    • Work through the cost estimating analytical processes including problem definition, background research, data collection, analyzing data analysis, data visualization, formulating mathematical expressions, and developing and defending conclusions
    • Analyze all elements affecting costs for a project of limited scope
    • Implement processes and logic to extract, transform, and distribute cost from across radar and C2 missions to inform data-driven decisions
  • Cost Estimating Products
    • Support, develop, maintain, and update cost estimates such as Program Office Estimate (POE), Single Best Estimate (SBE), non-MDAP Independent Cost Estimates (ICEs), Independent Cost Analyses (ICAs), Sufficiency Reviews (SRs), Cost Excursions, Rough Order of Magnitude (ROM) (to include estimates within the Comprehensive Cost and Requirement (CCaR) System), Service Cost Positions (SCPs), Program Executive Officer (PEO) Estimates in support of annual Program Objective Memorandum (POM) submissions, Should Cost Estimates, Independent Program Assessments (IPAs), Milestone Reviews and Interim Program Reviews.  All products shall be delivered within the time specified by the government.
    • Develop cost-related program inputs such as, but not limited to, Most Probable Cost Estimate, Should Cost/Will Cost Estimate, and Government Basis of Estimate (BOE), for government Shoulder-to-Shoulder activities with Program Contractors and solicitation activities such as Request for Proposals (RFPs), Acquisition Strategy Plans (ASPs) and Source Selections; and annual execution plans within the Comprehensive Costs and Requirements (CCaR) System
    • Create Business Case Analyses (BCA), Cost-Benefit Analyses (CBA), market surveys, Economic Analyses (EA), or other related analyses in accordance with mandated government regulations
  • Program Support
    • Analyze Program Contractor cost estimates to ensure consistency with Government cost estimating procedures; analyze the Program Contractor's BOE, risks and crosscheck major WBS elements or cost drivers IAW DoD and AF and requirements; record analysis results
    • Support and attend Government/Prime Contractor meetings for information-gathering purposes to assist the government in assessing cost estimates
    • Support all cost-related activities within RFP reviews, Source Selections, and Initial/Integrated Baseline Reviews (IBRs)
    • Provide cost-related support to accomplish required Acquisition Reporting, to include but not limited to, Acquisition Program Baseline (APB) and Program Management Reviews (PMRs)
    • Assess acquisition planning documents
Qualifications

Minimum Required Qualifications:

Clearance: Must be able to obtain and maintain a DoD Secret security clearance. 

Education: BS/BA with 21 semester hours in quantitative analysis courses (or other fields relevant to their area of expertise limited to the following: Management, Business, Economics, Finance, Operations Research Analyst, Accounting, Mathematics, Science, Technology, Engineering, Statistics, or Cost Estimating/Analysis), plus three (3) semester hours of Calculus.

Years of Experience: 7 years of relevant experience.

Skills: 

  • 7 yeas of cost estimating experience
  • Extensive knowledge of Microsoft Office Suite experience
  • Experience using cost estimating tools such as ACE-IT (Automated Cost Estimating Integrated Tools), SEER or Unison's TruePlanning

Preferred Qualifications:

Clearance: Active Secret Clearance

Education: BA/BS

Years of experience: 10 Years

Preferred Experience:

  • 10 years of cost estimating and ACE-IT experience
  • Prior Department of Defense weapons system acquisition experience
  • Analyzing agile metrics (velocity, features, stories, etc.) and estimating agile projects
  • Experience with Programming languages such as Python, R and/or SQL. 
  • Data Modeling/Mapping
  • Tracking efforts via Jira and Confluence

Additional Information

Location: Peterson Space Force Base- Colorado Springs, CO

Travel: NA

Remote, On-site, or Hybrid:  Hybrid-Approximately 90% remote work with occasional on-site support at Peterson Space Force Base

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Company Overview

Odyssey is a world-class technical, engineering, and integration company serving the warfighting ecosystem with airborne integration, ISR, C2, and warfighter readiness capabilities. Odyssey meets the military's operational needs by integrating layered defense systems from equipment, technology, and services to data, information, and business operations. We streamline defense acquisition and sustainment, engineering the technical battlefield with domain-specific proficiency to ensure lethality. Odyssey is dedicated to excellent contract execution, peak organizational performance, and fostering a workplace built on employee care.

Odyssey is proud to live out our core values of commitment, ambition, and respect in our work and communities through OdysseyCares, a philanthropic group focused on giving back through direct donations, an employer match program, and volunteering events.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

Please Note:

Final compensation for this position will be determined by various factors such as the Federal Government contract labor categories and contract wage rates, relevant work experience, specific skills and competencies, geographic location, education, and certifications.

This position is filled through continuous recruitment and will remain open until a sufficient pool of applications has been received.Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, Tricare supplement, short-term disability, long-term disability, 401(k) match, flexible spending accounts, health savings accounts, employee assistance program, learning and development benefit, paid time off, and holidays.Odyssey Benefits

Employment Type: FULL_TIME