Woodward, Inc.

Cost Analyst

Woodward, Inc.

full-time

Posted on:

Location Type: Office

Location: Niles • Illinois • United States

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Salary

💰 $72,000 - $115,000 per year

About the role

  • Conduct in-depth cost analysis by reviewing Bills of Materials (BOM), labor time, and rates to identify opportunities for cost optimization and recommend strategies to improve financial results.
  • Monitor and report on key performance metrics related to costing and provide actionable recommendations to drive continuous improvement and operational efficiency.
  • Execute day-to-day standard costing processes, ensuring accurate cost allocation and adherence to established costing methodologies.
  • Collaborate with cross-functional teams, including production, procurement, engineering, and finance, to develop cost models that support manufacturing and business objectives.
  • Develop and refine cost estimation tools and models, ensuring alignment with business goals and industry best practices.
  • Provide detailed cost breakdowns and variance analysis to support decision-making and identify cost-saving opportunities.
  • Support new product development by providing accurate cost projections and input on cost control measures.

Requirements

  • Bachelor’s degree in finance, economics, business or related field
  • 5-7 years of manufacturing experience
  • Advanced Excel skills
  • Power BI experience
  • SAP or S4 experience
  • Analytical mindset
  • Ability to work independently with minimal supervision
Benefits
  • 401(k) match (4.5%)
  • Annual Woodward stock contribution (5%)
  • Tuition reimbursement and Training/Professional Development opportunities for all members
  • 12 paid holidays, including floating holidays
  • Industry leading medical, dental, and vision Insurance upon date of hire
  • Vacation / Sick Time / Vacation Buy-up / Short Term Disability / Bereavement leave
  • Paid parental leave
  • Adoption Assistance
  • Employee Assistance Program, including mental health benefits
  • Member Life & AD&D / Long Term Disability / Member Optional Life
  • Member referral bonus
  • Spouse / Child Optional Life / Optional AD&D / Healthcare and Dependent Care Flexible Spending
  • Voluntary benefits, including: Home / Auto Insurance discounts, Whole Life Insurance, Critical Illness Insurance, Legal Assistance, Military Leave
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
cost analysiscost optimizationcost allocationcost estimationvariance analysisfinancial analysismanufacturing experienceadvanced ExcelPower BISAP
Soft Skills
analytical mindsetindependent workcollaborationcommunicationproblem-solving