Published: August 26, 2024 - The Cost Specialist manages monthly, quarterly, and annual financial closings, ensuring precise account reconciliations and detailed variance analysis. Expertise in journal entries, accounting flows, and back-office processes enables effective identification and resolution of discrepancies and risks in accounts. Through meticulous documentation and strategic reporting, the specialist supports key business decisions, enhancing operational efficiency and profitability with minimal supervision.
Tips for Cost Specialist Skills and Responsibilities on a Resume
1. Cost Accounting Specialist, Horizon Solutions, Madison, WI
Job Summary:
- Responsible for exercising a continuous assessment of the established standards and the expenses of the processing plant.
- Manage studies and accounting analyses to inform the administrators about the cost price of the transformed products.
- Gives administrators the information necessary for the management of the operations as well as the financial status relative to the expenses of operations of Vantage.
- Collaborate in the preparation of the periodic financial status of the factory.
- Collaborate in the development and establishment of management tools to accurately inform the Company of production costs of meats and the expenses of the operation.
- Manage and oversee the preparation of the financial information including operating expenses and fixed assets expenses in conjunction with Operations by the schedules.
- Participate in the preparation, production, and validation of financial statements relative to the manufacturing costs of products and the expenses of operation.
- Make financial analysis relative to the manufacturing and to the expenses of operation and make recommendations to improve the processing.
- Elaborate, propose, applies, and controls the accounting procedures for the cost price and expenses operation.
- Participates in the analyses of the projects relative to the purchases of new equipment for the processing plant in association with the director and the group leader of the cost department and Vantage.
- Coordinate the revision of all the standards of production for all the transformed products.
- Collaborate with the various internal and external participants of Metro within the setting of the operations of the processing plant.
Skills on Resume:
- Cost Analysis (Hard Skills)
- Financial Reporting (Hard Skills)
- Management Reporting (Hard Skills)
- Collaborative Planning (Soft Skills)
- Project Coordination (Soft Skills)
- Financial Forecasting (Hard Skills)
- Process Improvement Recommendations (Soft Skills)
- Stakeholder Engagement (Soft Skills)
2. Senior Cost Specialist, Peak Enterprises, Montgomery, AL
Job Summary:
- Develop, implement and maintain formalized project cost management systems and processes to enable the Port to more effectively cost and deliver its portfolio of infrastructure projects
- Develop budgeting, forecasting, tracking, analysis and reporting protocols for all project related costs (using Earned Value & other methodologies)
- Develop project specific Controls’ strategies that align with VFPA overall strategy & processes
- Working closely with the Accounting department and Intermediate Capital Project Accountant, ensure accurate capturing of project costs in VFPA’s system of record, including effective coding by projects, contracts, work breakdown structures, etc
- Coordinate with contractors, Accounting and other project team members to ensure the timely payment of project costs
- Control project costs through proactively managing cost changes and ensuring that changes to the baseline are conducted through auditable control processes
- Provide monthly reporting of project performance and cost variance to program/project owners, senior management, board of directors and other key stakeholders
- Manage financial closeout process for major capital projects
- Support the process to develop Business Cases to support the organization’s decision process for large capital transactions, including consideration of alternative approaches, analysis of key risks, and development of mitigations where optimal
- Assist managers delivering capital projects and programs to control costs through the provision of accurate, complete, and timely capital project cost management information and required variance analysis and assist in the formulation of follow-up action plans
- Support program/project owners to manage cost risks (including performing quantitative risk analysis), contingency and spending approvals, and provide information and guidance to efficiently manage the project’s costs
- Participate in the risk management process over projects by maintaining respective project risk registers and facilitating workshops
Skills on Resume:
- Project Cost Management (Hard Skills)
- Budgeting and Forecasting (Hard Skills)
- Earned Value Management (Hard Skills)
- Stakeholder Coordination (Soft Skills)
- Financial Reporting (Hard Skills)
- Risk Management (Hard Skills)
- Decision Support (Soft Skills)
- Workshop Facilitation (Soft Skills)
3. Cost Specialist, Quantum Analytics, Little Rock, AR
Job Summary:
- Independently performs contract administration and cost estimating duties under the supervision of the Contract Administration Manager or Lead Estimator.
- Assists in preparing Variation Notices, Cost Estimates, and Supporting documents related to change management activities.
- Interfaces with various departments and organizations including the Client, Subcontractors, Design Engineering, Compliance, and Operations to gather information to define the scope, impacts, and costs of Changes.
- Research, understand and apply Contract provisions and department procedures related to Change Management.
- Produce, organize, and maintain supporting documents relevant to individual Changes.
- Draft professional proposals, reports, estimate summaries, spreadsheet tabulations, and similar documents for review by the Contract Administration Manager or Lead Estimator for submission to the Client.
- Attend meetings and support negotiations with subcontractors and the Client
- Address assigned action items within time constraints with minimal supervision.
Skills on Resume:
- Contract Administration (Hard Skills)
- Cost Estimating (Hard Skills)
- Change Management (Hard Skills)
- Interdepartmental Coordination (Soft Skills)
- Proposal Writing (Hard Skills)
- Negotiation Skills (Soft Skills)
- Time Management (Soft Skills)
- Document Organization (Hard Skills)
4. Cost Specialist, Valley Tech, Boise, ID
Job Summary:
- Evaluate and buy various supplies, services, and materials, given specifications, costs, and terms, collaborating with those responsible for determining purchase requirements.
- Review of Purchase Requisitions for completeness, required approvals, and compliance with Company policies and interests.
- Evaluate quotations and negotiates for lowest possible price, acceptable quality standards, compliance with company policies.
- Participate and collaborate in final procurement selection.
- Daily processing of Purchase Requisitions and Purchase Orders.
- Daily processing of manufacturing job costs.
- Analysis and communication of job costs and job variances across departments as necessary to aid in maximizing profit margin.
- Maintenance of Fixed Asset records, costing, and reporting.
- Reconciliation of various General Ledger Accounts.
Skills on Resume:
- Procurement Management (Hard Skills)
- Cost Analysis (Hard Skills)
- Negotiation Skills (Hard Skills)
- Job Costing (Hard Skills)
- Cross-Departmental Communication (Soft Skills)
- Fixed Asset Management (Hard Skills)
- General Ledger Reconciliation (Hard Skills)
- Policy Compliance (Hard Skills)
5. Cost Specialist, Delta Financials, Carson City, NV
Job Summary:
- Prepare, review and analyze balance sheet account reconciliations
- Handle monthly, quarterly and annual closings, account reconciliations and variance analysis
- Understand journal entries, accounting flows and operational back-office processes
- Identify and communicate potential risk in accounts and resolve reconciling items in a timely fashion
- Research, track and restore accounting or documentation problems and discrepancies
- Document operational processes and associated accounting flows
- Identify opportunities for process and internal control enhancements
- Provide expert information on costs and operations to senior managers and the Sales team for strategic and tactical decisions affecting operations and profitability
- Prepare reports and summaries on areas of activity for submission to management
- Prepare standard monthly and specialized reporting with minimal supervision
Skills on Resume:
- Financial Reconciliation (Hard Skills)
- Variance Analysis (Hard Skills)
- Process Documentation (Hard Skills)
- Risk Identification (Hard Skills)
- Strategic Communication (Soft Skills)
- Problem Solving (Soft Skills)
- Report Preparation (Hard Skills)
- Process Improvement (Hard Skills)
6. Cost Specialist, Eagle Consulting, Lincoln, NE
Job Summary:
- Ensure that all relevant multibrand turbine types are available for calculation in the sales process to global service sales force, using the standards and tools provided by the Operational Analytics team.
- Transform operational input into financial data by proper stakeholder management.
- Provide user support to all users of the Service Offer Calculation Tool in the context of selling services to multibrand customers.
- User support can be either in the form of approving calculations, providing guidance on best practice calculation approaches, technical support in the IT platform of the tool and ad hoc problem solving.
- Regular review of public cloud cost structures and the identification of options for the optimisation of those costs to increase margin.
- Collaborative implementation of agreed actions to optimise costs.
- Undertake similar activities for other suppliers but to a lesser extent.
- Preparing quotes for new cloud opportunities including coordinating the design of proposed solutions and subsequent financial modelling of this to agreed practices and margins.
- Ongoing financial modelling of the cloud business to understand spend and revenues to forecast, profitability by customer and the identification of optimisation for cost and revenue optimisations.
- Observe internal policies, procedures and standards as well as applicable laws
Skills on Resume:
- Financial Modeling (Hard Skills)
- Cost Analysis (Hard Skills)
- Cloud Cost Management (Hard Skills)
- Stakeholder Management (Soft Skills)
- Technical Support (Hard Skills)
- Problem Solving (Soft Skills)
- Regulatory Compliance (Hard Skills)
- Team Collaboration (Soft Skills)
7. Cost Specialist, Pioneer Industries, Cheyenne, WY
Job Summary:
- Responsible for project cost data analysis related to project spending trends vs budget vs forecast.
- Communicate project cost status and analysis to the project team.
- Establish budget and cost control procedures to ascertain the tracking of all project cost.
- Provide accurate project manpower costs and forecast based budget.
- Review and analyze budget and expenditures for each project component.
- Ensure that payments (credit and debit) are made duly.
- Identify and reported cost overruns/under-spends so that project management can take appropriate actions.
- Facilitate effective interaction with corporate and technical functions.
- Validate consistency of cost reporting to contracts, change orders and purchase orders.
- Prepare and provided project cost reports as required.
- Prepare monthly expenditure forecast and estimating project profitability.
- Work with Investment team to insure Capital projects are funded on a timely basis.
Skills on Resume:
- Cost Analysis (Hard Skills)
- Budget Management (Hard Skills)
- Forecasting (Hard Skills)
- Financial Reporting (Hard Skills)
- Communication Skills (Soft Skills)
- Problem Solving (Soft Skills)
- Stakeholder Management (Soft Skills)
- Team Collaboration (Soft Skills)
8. Cost Planning Specialist, Crestview Analytics, Helena, MT
Job Summary:
- Establishing, supporting and ensuring Cost Planning activities are conducted in accordance with John Holland policies, processes, systems and procedures at the project launch phase
- Cost Planning to monitor projected costs of the construction of the project as the design develops, in order to ensure that the final design is within budget
- Liaising with Project Managers and designers for cost benefit analysis of designs options
- Ensuring that the proposed design elements satisfy the brief, constructability, program, cost and quality requirements
- Developing cost plans based on schematic design drawings
- Managing and reviewing cost and design variations, scope changes, and assisting with material take-off's and pricing
- Collaborating with project staff in order to coordinate design information flow for the performance of reliable cost planning
- Early identification and monitoring of key design risks and opportunities in conjunction with the Project Team
- Ensuring that stakeholders are actively engaged and beneficial relationships are built between the project and the client, subcontractors, community, and other external parties
- Interfacing with project team, partners, clients, stakeholders, consultants, designers, vendors, and subcontractors
Skills on Resume:
- Cost Estimation (Hard Skills)
- Budget Management (Hard Skills)
- Risk Analysis (Hard Skills)
- Stakeholder Engagement (Soft Skills)
- Project Collaboration (Soft Skills)
- Communication Skills (Soft Skills)
- Cost-Benefit Analysis (Hard Skills)
- Relationship Building (Soft Skills)