Job Description

Job Title: Cost Analysis Executive
Location: Chennai
Salary: 22,000 Experience: 0 – 1 Year (MBA Fresher Preferred)
Employment Type: Full-time

Job Overview

The Cost Analysis Executive will support financial planning and operational decision-making by conducting cost evaluations, comparing actual expenses with projections, and preparing cost-related project reports. The role is ideal for MBA freshers who possess analytical thinking, strong numerical ability, and a keen interest in financial insights, cost optimization, and return on investment assessments.

Key Responsibilities

  • Analyze cost structures for ongoing and upcoming projects to ensure financial efficiency and alignment with organizational goals.

  • Prepare and maintain detailed project reports, including financial breakdowns, costing summaries, and deviation analyses.

  • Assist in evaluating Return on Investment (ROI) for proposed business initiatives and provide cost-benefit analyses.

  • Support budgeting activities, including tracking expenditures, identifying variances, and preparing periodic cost statements.

  • Coordinate with various departments to gather project-related financial data for cost assessment and reporting.

  • Maintain and update cost databases, financial spreadsheets, and documentation for internal audit and compliance.

  • Assist in forecasting project expenses and preparing comparison reports between budgeted and actual costs.

  • Monitor operational expenses and recommend cost-saving opportunities based on financial analysis.

  • Present findings, interpretations, and recommendations to management through reports, charts, and presentations.

  • Ensure accuracy and timeliness in maintaining project financial records and management reports.

    • Essential Qualifications

  • MBA in Finance, Accounting, or a related specialization (Freshers preferred).

  • Strong academic foundation in financial management, costing principles, and project finance.

  • Knowledge of ROI concepts, budgeting, and project report preparation.

    • Key Skills Required

  • Strong analytical and numerical ability.

  • Proficiency in MS Excel, financial spreadsheets, and data interpretation.

  • Basic understanding of cost accounting, budgeting, and financial reporting.

  • Knowledge of Return on Investment (ROI) analysis and basic project financials.

  • Excellent communication and presentation skills.

  • Ability to prepare, maintain, and interpret project reports.

  • Detail-oriented with strong documentation and organizational skills.

  • Ability to work collaboratively with cross-functional teams.

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