A Cost Analyst in a Road Transport Company plays a critical role in managing client tenders, analysing contract rates, and applying cost models across monthly, quarterly, and annual cycles.
Here’s a detailed breakdown of the job description tailored to this industry:
🧾 Key Responsibilities
Tender Management
Analyze client tender documents to assess feasibility and profitability.
Collaborate with sales and operations teams to prepare competitive pricing strategies.
Develop cost models for tender submissions, factoring in fuel, labor, maintenance, and overheads.
· Contract Rate Analysis
Evaluate existing and proposed contract rates to ensure alignment with operational costs and profit margins.
Benchmark rates against industry standards and competitor pricing.
Recommend rate adjustments based on cost fluctuations (e.g., fuel price changes, regulatory updates).
· Costing and Budgeting
Prepare detailed cost breakdowns for transport services including:
Vehicle depreciation
Driver wages
Route optimization
Toll and permit expenses
Apply costing models on:
· Monthly basis: Track operational costs, fuel usage, and maintenance.
Quarterly basis: Review seasonal trends, client volume changes, and adjust forecasts.
Annual basis: Conduct full cost audits, set budgets, and support strategic planning.
Reporting and Forecasting
Generate cost variance reports and highlight areas for cost reduction.
Forecast future costs based on historical data and market trends.
Present financial insights to senior management for decision-making.
Compliance and Risk Assessment
Ensure costing practices comply with government transport regulations.
Identify financial risks in contracts and propose mitigation strategies.
📊 Skills and Qualifications
Bachelor’s degree in finance, Accounting, Economics, or Logistics.
Strong proficiency in Excel, ERP systems, and transport management software.
Analytical mindset with attention to detail.
Experience in logistics or transport costing preferred.