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Cost Analyst

We’re Scan.com, the digital health scale-up making diagnostics accessible, fast, and transparent. From MRIs to tests for TBIs, our technology speeds up diagnoses for timely treatments, improving healthcare outcomes for hundreds of patients each day.

We’re doing diagnostics differently, with a portfolio of brands tailored to both patients and providers, all backed by our world-class customer operations team. Our B2C marketplace simplifies booking a scan, making it as straightforward for patients as booking a hotel. Our B2B platforms provide live scheduling at the point of care and harness AI to ease workflows for physicians, attorneys, and providers.

We’re looking for a Cost Analyst at an exciting time - we’ve successfully launched multiple platforms and products, raised over $70m in VC funding, reached profitability, and have a growth trajectory of over 100% YoY.

This is a hybrid position that will require in-office presence at our Atlanta HQ 3 days per week.

WHAT YOU WILL BE GETTING INVOLVED IN:

As a scaleup business, you can expect your role to develop over time. Here are some of the types of things you could be getting involved in:

  • Financial analysis to provide insight into our operational cost base - what we're spending, who we're spending with, why we're spending
  • Ownership of the cost forecast/planning process, ensuring accuracy and completeness
  • Identifying and implementing cost control initiatives to improve operational efficiency and profitability
  • Identifying potential cost savings opportunities and collaborating with the business to deliver those cost savings
  • Tracking and ensuring the accuracy of cost allocation and ensuring compliance with company policies
  • Driving cost ownership across the business, ensuring all cost lines have clear owners and those owners are accountable for cost management
  • Oversight of People costs, providing clarity at a detailed level of people spend and the drivers of that spend.
  • Purchase order system/process oversight and management

THE TOP 5 THINGS WE WANT YOU TO ACHIEVE IN YOUR FIRST YEAR ARE

  1. Deliver detailed cost reports for all major costs that enable actionable insights for decision-making, driving cost optimization across the business.
  2. Establish a reliable cost-tracking system that aligns with company-wide financial goals and is scalable as we grow.
  3. Help the company improve its forecasting/planning process by introducing more accurate cost forecasting models.
  4. Identify and implement at least three cost-saving initiatives that contribute to improved profitability or operational efficiency.
  5. Cost ownership is established across the business for all major costs.

WHAT YOU MIGHT BRING TO THE TABLE:

You don't need to tick all the boxes to apply for this role. Whether it's your first role or your fifth role, we believe everyone can add value, learn, and grow. However, these might be some of the ways you are currently adding value:

  • Proven ability dealing with large data sets, analyzing and interpreting the data to provide business insights
  • Embedding a structured approach to cost allocation that enables a clear line of sight of costs being incurred at the right level of granularity
  • Experienced in being proactive in delivering cost savings and efficiencies.
  • Strong skills in supporting or leading budgeting processes, financial forecasting, and variance analysis.
  • Collaborating with non-finance teams to improve business performance
  • Advanced proficiency with accounting systems and Excel for financial modeling and analysis.
  • Strong written and verbal skills to present financial insights clearly, with the ability to work cross-functionally to support business decisions.

HOW WE WILL INTERVIEW YOU:

We keep our interview process short and sweet, and we’re a nimble team that can progress at pace. Here are the stages you can expect, but we might switch up the order of each step depending on team availability:

  1. Introductory call/interview with Sam, our Senior Talent Partner. The call is via telephone and will last around 30 minutes.
  2. Should it feel like there is an initial fit for all, we will invite you to a video call with the hiring manager for around 45 minutes. This is a more structured interview that will deep-dive into the role and technical needs.
  3. All of our roles will have a small assessment stage. This might be in person, a take-home assessment, or further video calls. Length varies, but we’re mindful of your time and try to keep it as simple as possible.
  4. Meet the founders and/or other team members. Again, length varies depending on how many people and whether in person or via video call.
  5. Offer!

BENEFITS:

We go beyond the basics with our benefits package. Here’s what you can expect from us:

  • Salary range of $90,000 - $100,000
  • 401k
  • Healthcare, Vision and Dental
  • All the equipment needed for you to do your role effectively
  • Flexible working
  • Remote or hybrid working options
  • Personal Development budgets
  • 18 days PTO plus public holidays
  • 10 paid sick days
  • Inclusive policies designed by our team, for our team

DIVERSITY AT SCAN.COM

Scan.com is committed to eliminating discrimination and encouraging diversity within our team. We strive to provide equality and fairness for all job applicants and employees and never discriminate on the basis of gender, marital status, age, race, ethnicity, religion, or physical differences.

We are opposed to all forms of unlawful treatment and discrimination.

Our ambition is for our team and its Board to be representative of the diversity in society, and for every employee to feel respected and able to bring their best selves to work.

We look forward to receiving your application!

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CEO of Scan.com
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Charlie Bullock
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What You Should Know About Cost Analyst, Scan.com

At Scan.com, we're redefining diagnostics to make them more accessible, fast, and transparent. As a Cost Analyst, you'll be stepping into an exciting role at a thriving digital health scale-up. Imagine being part of a team that has successfully launched multiple innovative platforms and raised over $70 million in venture capital! We’re looking for someone who is ready to dive into financial analysis, taking ownership of the cost forecasting and planning process to ensure our expenditures align with our ambitious growth targets. You’ll be at the heart of identifying cost-saving opportunities and implementing initiatives that boost profitability. Additionally, your analysis will help improve operational efficiency and maintain compliance with our internal policies. Your first year will be all about delivering detailed cost reports and establishing a robust cost-tracking system that aligns with our financial goals, helping us soar to greater heights. You don’t need to have ticks for every box to apply; your passion for data and finance, combined with your knack for collaboration and clear communication, will set you apart. With flexible working options and a benefits package including competitive salary and personal development opportunities, Scan.com is the perfect place to further your career while making a lasting impact on healthcare outcomes. Are you ready to join a team that values diversity and creativity? We can’t wait to see what you bring to the table!

Frequently Asked Questions (FAQs) for Cost Analyst Role at Scan.com
What are the key responsibilities of a Cost Analyst at Scan.com?

As a Cost Analyst at Scan.com, your key responsibilities will include financial analysis to provide insights into operational costs, managing the cost forecast and planning process, and identifying cost control initiatives to enhance profitability. You'll also track cost allocations and ensure compliance with company policies, driving accountability across the business for all cost lines.

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What qualifications do you need to become a Cost Analyst at Scan.com?

While experience in the field is beneficial, Scan.com offers opportunities for candidates with various backgrounds. Ideal qualifications include strong analytical skills to handle large data sets, proficiency in budgeting processes and financial forecasting, and excellent collaboration skills to work with cross-functional teams. Advanced Excel skills for financial modeling will also be essential in this role.

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What does the interview process for the Cost Analyst position at Scan.com look like?

The interview process at Scan.com is designed to be efficient and engaging. You’ll start with an introductory call, followed by a structured video interview with the hiring manager. There will also be a small assessment stage, allowing you to showcase your skills. Finally, you’ll have the chance to meet the founders and potentially other team members before receiving an offer.

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What are the growth opportunities for a Cost Analyst at Scan.com?

Scan.com offers significant growth opportunities for a Cost Analyst. Given the dynamic environment of a scale-up, you can expect your role to evolve with increased responsibilities, leadership opportunities, and the chance to implement impactful cost-saving initiatives that will directly contribute to the company's profitability and operational efficiency.

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What benefits can a Cost Analyst expect while working at Scan.com?

As a Cost Analyst at Scan.com, you can expect a comprehensive benefits package, including a competitive salary range of $90,000 - $100,000, 401k, healthcare benefits, flexible working arrangements, personal development budgets, and generous PTO. Additionally, you'll be joining a company that champions diversity and equality in the workplace.

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Common Interview Questions for Cost Analyst
How do you approach financial analysis as a Cost Analyst?

In answering this question, focus on your systematic approach to gathering, analyzing, and interpreting financial data. Discuss specific methodologies you use, such as variance analysis and trend forecasting, to derive actionable insights that guide business decisions.

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Can you share an experience where you identified a cost-saving opportunity?

Share a specific example detailing how you recognized a particular area for cost savings, the analysis you conducted, and the initiatives you implemented. Highlight the positive impact this had on the organization, emphasizing your ability to drive efficiency.

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What tools or software do you find essential for cost analysis?

Discuss the accounting systems and software you are proficient in, highlighting tools like Excel for financial modeling, budgeting software, or ERP systems. Emphasize how these tools facilitate accurate cost tracking and reporting.

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How do you ensure compliance with company policies in cost management?

Explain your approach to understanding and adhering to company policies. Talk about regular audits, documentation standards, and collaboration with relevant departments to uphold compliance in financial operations.

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Describe a time you worked with non-finance teams to improve cost management.

Provide an example that showcases your collaborative spirit, detailing how you effectively communicated financial insights to non-finance teams and worked together to improve overall business performance.

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What is your strategy for managing multiple cost lines and ensuring accountability?

Outline a structured approach you employ to track and manage various cost lines. Discuss how you establish clear ownership and accountability at all levels while maintaining effective communication to achieve financial goals.

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How do you handle variance analysis during financial forecasting?

Focus on your analytical process, explaining how you identify variances between planned and actual costs. Discuss how you investigate the reasons behind variances and the actions you take to improve future forecasts.

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What steps do you take to establish a cost-tracking system?

Detail the steps involved in setting up an effective cost-tracking system, such as defining cost centers, selecting appropriate metrics, and continuously monitoring performance against set goals. Highlight the importance of scalability in your approach.

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How do you present complex financial information to stakeholders?

Discuss your communication skills, emphasizing your ability to translate complex data into clear, actionable insights. Mention the use of visual aids, concise reporting, and tailoring your message to the audience's level of financial literacy.

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What metrics do you consider most important in cost analysis?

Identify key performance indicators (KPIs) you believe are essential in cost analysis, such as cost per unit, total cost of ownership, or return on investment. Explain how these metrics guide decision-making and strategy formulation.

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Full-time, hybrid
DATE POSTED
December 25, 2024

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