Cost Analyst II

Position Summary

The Cost Analyst II establishes, maintains, and continuously improves cost management, forecasting, financial reporting, and project controls processes for large capital and strategic projects. This role provides clear visibility to project financial performance by monitoring budgets, commitments, expenditures, change orders, cost risks, and forecasted completion costs throughout the project lifecycle. The position 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 disciplined analysis, practical recommendations, and timely escalation of cost risks and opportunities, this role helps enable informed decision making and successful project delivery.

For qualified candidates living outside of a 60 mile radius of Mentor OH this position can be fully remote. For candidates living under a 60 miles radius, this is a hybrid position. Associates would be required to come onsite 3 days per week.

What You'll Do as a Cost Analyst II

Develops and maintains project cost management standards, processes, tools, reporting methodologies, and portfolio-level controls expectations

Establishes and manages project budgets, forecasts, cash flow projections, funding plans, and estimate-at-completion processes for assigned capital and strategic projects.

Monitors expenditures, commitments, purchase orders, contracts, invoices, accruals, change orders, and contingency usage to ensure alignment with approved budgets and governance expectations.

Prepares project financial reports, dashboards, key performance indicators, and executive-level summaries that communicate cost performance, trends, risks, opportunities, and decisions required.

Partners with project managers and functional leaders to assess project financial health, identify variances, evaluate corrective actions, and improve forecast accuracy.

Supports capital appropriation requests, business cases, financial justifications, stage-gate approvals, governance reviews, audits, and leadership reviews.

Performs scenario modeling, contingency analysis, risk-based cost assessments, and cost impact evaluations for changes in scope, schedule, sourcing, construction, automation, or project execution strategy.

Collaborates with Procurement, Finance, Engineering, and Operations to maintain accurate tracking of commitments, contract performance, invoices, accruals, and project financial data.

Provides functional direction to project teams on cost controls processes, reporting deadlines, documentation expectations, and financial governance requirements.

The Experience, Skills and Abilities Needed

Required:

Bachelor’s Degree – Finance, Accounting, Engineering, Construction Management, Business, Supply Chain, Project Management, or related field

3+ years in project controls, cost management, forecasting, variance analysis, and executive reporting; experience with project budgets of $200M or greater

3+ years of experience working with Project Management, Finance, Procurement, Engineering, and senior leaders to manage cost visibility, risks, and change control.

Preferred:

Manufacturing, distribution, automation, facility expansion, or large capital project experience

Smartsheet and Oracle experience

PMP, Certified Cost Professional, or similar certification preferred.

Other:

Advanced Microsoft Excel skills; financial modeling; project cost tracking; ability to translate complex financial/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

What STERIS Offers

We value our employees and are committed to providing a comprehensive benefits package that supports your health, well-being, and financial future.

Here is just a brief overview of what we offer:

Market Competitive Pay

Extensive Paid Time Off and (9) added Holidays

Excellent Healthcare, Dental, and Vision benefits

Long/Short Term Disability Coverage

401(k) with a company match

Maternity & Parental Leave

Additional add-on benefits/discounts for programs such as Pet Insurance

Tuition Reimbursement and continued education programs

Excellent opportunities for advancement in a stable long-term career

#LI-LD1 #HYBRID

Pay range for this opportunity is $68,637.50 - $80,000.00. This position is eligible for bonus participation.

Minimum pay rates offered will comply with county/city minimums, if higher than range listed. Pay rates are based on a number of factors, including but not limited to local labor market costs, years of relevant experience, education, professional certifications, foreign language fluency, etc.

STERIS offers a comprehensive and competitive benefits portfolio. Click here for a complete list of benefits: STERIS Benefits

Open until position is filled.

STERIS is a leading global provider of products and services that support patient care with an emphasis on infection prevention. WE HELP OUR CUSTOMERS CREATE A HEALTHIER AND SAFER WORLD by providing innovative healthcare and life sciences products and services around the globe. For more information, visit www.steris.com .

If you need assistance completing the application process, please call 1 (440) 392.7047. This contact information is for accommodation inquiries only and cannot be used to check application status.

STERIS is an Equal Opportunity Employer. We are committed to equal employment opportunity to ensure that persons are recruited, hired, trained, transferred and promoted in all job groups regardless of race, color, religion, age, disability, national origin, citizenship status, military or veteran status, sex (including pregnancy, childbirth and related medical conditions), sexual orientation, gender identity, genetic information, and any other category protected by federal, state or local law. We are not only committed to this policy by our status as a federal government contractor, but also we are strongly bound by the principle of equal employment opportunity.

The full affirmative action program, absent the data metrics required by § 60-741.44(k), shall be available to all employees and applicants for employment for inspection upon request. The program may be obtained at your location’s HR Office during normal business hours.