Cost Analyst II

STERIS Corporation•Mentor, OH

7d•$68,638 - $80,000•Hybrid

About The Position

The Cost Analyst II establishes, maintains, and continuously improves cost management, forecasting, financial reporting, and project controls processes for large capital and strategic projects. The role provides visibility into project financial performance by monitoring budgets, commitments, expenditures, change orders, cost risks, and forecasted completion costs throughout the project lifecycle. It partners with Project Managers, Engineering, Finance, Procurement, Operations, and business leaders to support project governance, stage-gate reviews, capital funding decisions, and executive reporting. Through analysis, recommendations, and timely escalation of cost risks and opportunities, the role supports informed decision-making and successful project delivery. Qualified candidates living outside a 60-mile radius of Mentor, Ohio, may work fully remotely. Candidates living within a 60-mile radius work in a hybrid arrangement and are required to come onsite three days per week.

Requirements

Bachelor’s degree in Finance, Accounting, Engineering, Construction Management, Business, Supply Chain, Project Management, or a related field.
At least 3 years in project controls, cost management, forecasting, variance analysis, and executive reporting.
Experience with project budgets of $200 million or greater.
At least 3 years working with Project Management, Finance, Procurement, Engineering, and senior leaders to manage cost visibility, risks, and change control.
Advanced Microsoft Excel skills, financial modeling, and project cost tracking ability.
Ability to translate complex financial and project data into clear leadership reporting.
Knowledge of project lifecycle governance, change control, stage-gate reviews, and capital project financial controls.
Strong analytical, communication, influencing, follow-up, and cross-functional collaboration skills.
Ability to use approved AI tools to improve analysis, reporting, documentation, and productivity while validating outputs and protecting confidential information.

Nice To Haves

Experience in manufacturing, distribution, automation, facility expansion, or large capital projects.
Smartsheet and Oracle experience.
PMP, Certified Cost Professional, or similar certification.

Responsibilities

Develop and maintain project cost management standards, processes, tools, reporting methodologies, and portfolio-level controls expectations.
Establish and manage project budgets, forecasts, cash flow projections, funding plans, and estimate-at-completion processes for assigned capital and strategic projects.
Monitor expenditures, commitments, purchase orders, contracts, invoices, accruals, change orders, and contingency usage to ensure alignment with approved budgets and governance expectations.
Prepare project financial reports, dashboards, key performance indicators, and executive-level summaries communicating cost performance, trends, risks, opportunities, and decisions required.
Partner with project managers and functional leaders to assess project financial health, identify variances, evaluate corrective actions, and improve forecast accuracy.
Support capital appropriation requests, business cases, financial justifications, stage-gate approvals, governance reviews, audits, and leadership reviews.
Perform scenario modeling, contingency analysis, risk-based cost assessments, and cost impact evaluations for changes in scope, schedule, sourcing, construction, automation, or project execution strategy.
Collaborate with Procurement, Finance, Engineering, and Operations to maintain accurate tracking of commitments, contract performance, invoices, accruals, and project financial data.
Provide functional direction to project teams on cost controls processes, reporting deadlines, documentation expectations, and financial governance requirements.