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DigiFlight Inc.
BMD Cost Analyst
Career Insights for Cost Accountant
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Based on Alabama data
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What they do
A Cost Accountant analyzes the cost of company products or services, determines factors affecting costs, and makes recommendations for managing costs. Analyzes financial processes within a company or organization and develops internal cost reporting and accounting systems.
$84,147 / year median in Alabama
-6% projected decline
Job Description
Duties & Responsibilities The cost analyst is responsible for evaluating the financial implications of programs, projects, and acquisitions, by analyzing costs throughout their life cycle, including development, production, operation, and disposal, to provide decision-makers with data-driven insights on afford ability and resource allocation, often conducting cost-benefit analyses to inform critical decisions regarding new weapons systems, force structures, and operational strategies within the Army. This position supports FMS cases by developing cost estimates, performing cost analysis, analyzing alternatives, and supporting acquisition decisions by providing cost information to decision-makers during the acquisition process to ensure informed choices are made. The candidate develops and updates complex cost models to accurately forecast future expenses. They will work with program managers, engineers, logicians, and other personnel to gather data and understand project requirements. This candidate must have expertise in cost estimating techniques and methods including parametric analysis, analogous estimating, and detailed cost breakdowns. They must be proficient in using data analysis tools to collect, analyze, and interpret financial data. They must have strong communication skills. The candidate will create Independent Government Estimates (IGE) for various programs. The IGE is used during all phases of a program to include Life Cycle Cost and Total Operating Cost of a Services Acquisition project, as well as more limited estimates related to a subset of a current contract or even for a contract option period within an overall period of performance.