Cost Analyst

Nostra is a leading Managed Service Provider (MSP) in Ireland, dedicated to delivering advanced IT solutions that enable businesses to build reliable, secure, and scalable IT foundations. With a commitment to continuous improvement, we serve a diverse range of industries, providing exceptional services that empower our clients to focus on their core business goals.

We are seeking a highly analytical and commercially minded Financial Analyst to join our growing Finance team. This role will play a critical part in understanding, managing, and reducing costs across the business while supporting informed decision-making through detailed financial analysis and reporting.

The successful candidate will work closely with Finance, Operations, Procurement, Service Delivery, and Leadership teams to identify cost-saving opportunities, improve profitability, and ensure financial efficiency across all departments.

Nostra has offices in Dublin, Galway, Cork and Belfast. This role will be based in our Dublin office.

Responsibilities:

Cost Analysis & Cost Control:

• Analyse operational and departmental costs to identify trends, inefficiencies, and areas for improvement.
• Conduct regular reviews of direct and indirect business expenses.
• Monitor cost allocation methodologies and ensure accuracy across the organisation.
• Develop reporting frameworks to track cost performance against budget and forecast.

Cost Reduction Initiatives:

• Identify, recommend, and help implement cost-saving opportunities across the business.
• Partner with department managers to challenge expenditure and improve operational efficiency.
• Track and report on realised savings from cost optimisation projects.
• Review supplier expenditure and support vendor cost negotiations where required.

Financial Reporting & Analysis:

• Produce detailed monthly cost reports and variance analysis.
• Analyse actual costs against budget and forecast, identifying key drivers and trends.
• Support management reporting with actionable insights and recommendations.
• Provide profitability analysis by department, service line, customer, or project.

Budgeting & Forecasting:

• Support annual budgeting and periodic forecasting activities.
• Assist stakeholders with cost modelling and financial planning.
• Develop forecasting models to improve visibility of future expenditure.

Process Improvement:

• Review existing financial and operational processes to improve efficiency and control.
• Assist in implementing systems and reporting enhancements.
• Support continuous improvement initiatives across finance operations.

Business Partnership:

• Work closely with leadership teams to support strategic decision-making.
• Provide financial insights that help drive profitability and sustainable growth.
• Act as a trusted advisor on cost management and business performance.

Requirements:

• 2 – 5 years’ experience in a Cost Accountant, Cost Analyst, Management Accountant, Financial Analyst, FP&A Analyst, or similar role.
• Strong financial analysis and reporting skills.
• Advanced Microsoft Excel skills including Pivot Tables, Power Query, and complex formulas.
• Excellent attention to detail and a high level of accuracy.
• Strong analytical and problem-solving abilities.
• Ability to interpret large data sets and present meaningful insights.
• Commercially focused mindset with a passion for improving business performance.
• Strong communication skills with the ability to influence stakeholders.

Benefits:

• Generous professional development budget.
• Company Pension.
• Health Plan.
• Wellness Benefit.
• On-site Gym.

At Nostra we value our people. We are a passionate team committed to doing our best, our values are trust, accountability, expertise, people, integrity, and empathy. These values form a central part of our recruitment process. Nostra is an equal opportunity employer committed to diversity and inclusion.