Cost Analyst Resume Examples & Templates
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Cost Analyst Resume Examples and Templates
Junior Cost Analyst Resume Example and Template
Li Zhang
Beijing, China • [email protected] • +86 138 0000 0000 • himalayas.app/@lizh
Professional summary
Education
Experience
- Assisted in the preparation of annual budgets and forecasts for various projects, contributing to a 15% reduction in projected costs.
- Conducted variance analysis to evaluate discrepancies between budgeted and actual costs, presenting findings to senior management.
- Collaborated with project managers to develop cost control strategies that enhanced project profitability by 10%.
- Supported senior analysts in preparing financial reports and presentations for client projects.
- Assisted in data collection and analysis for cost reduction initiatives, resulting in a 5% decrease in operational expenses.
- Participated in client meetings to discuss financial strategies and solutions.
Skills
Technical: Financial Analysis, Cost Management, Budgeting, Data Analysis, Excel, Variances Analysis
What's this resume sample doing right?
Strong impact in work experience
The resume highlights significant achievements, like a 15% reduction in projected costs and a 10% increase in project profitability. These quantifiable results demonstrate the candidate's ability to drive financial efficiency, which is crucial for a Cost Analyst role.
Relevant skills listed
The skills section includes essential competencies like Financial Analysis, Cost Management, and Budgeting. This alignment with the job requirements shows the candidate possesses the necessary expertise for the Cost Analyst position.
Clear and concise summary
The intro effectively summarizes the candidate’s background and skills, emphasizing their detail-oriented nature and analytical abilities. This sets a strong tone for the resume and aligns well with the expectations for a Cost Analyst.
How could we improve this resume sample?
Lacks industry-specific keywords
The resume could benefit from incorporating more industry-specific terms like 'cost forecasting' or 'financial modeling'. These keywords can help improve ATS compatibility and better match the Cost Analyst job description.
Limited variety in action verbs
The action verbs used in the experience section, like 'Assisted' and 'Conducted', could be more varied. Using stronger verbs like 'Spearheaded' or 'Implemented' would enhance the impact and demonstrate leadership qualities relevant to a Cost Analyst.
Experience section could be expanded
The experience section focuses heavily on the current role. Adding more details or achievements from the internship could provide a fuller picture of the candidate's capabilities and experiences relevant to the Cost Analyst role.
Cost Analyst Resume Example and Template
Marie Dupont
Paris, France • [email protected] • +33 1 23 45 67 89 • himalayas.app/@mariedupont
Professional summary
Education
Experience
- Conducted detailed cost analysis resulting in a 15% reduction in overhead costs across multiple departments.
- Developed and implemented budgeting strategies that improved forecasting accuracy by 25%.
- Collaborated with cross-functional teams to identify and eliminate inefficiencies, saving over €200,000 annually.
- Assisted in monthly closing processes and variance analysis, ensuring accuracy of financial reports.
- Supported the development of cost reduction initiatives leading to a 10% savings in production costs.
- Prepared detailed reports for senior management to aid in decision-making and strategic planning.
Skills
Technical: Financial Analysis, Budgeting, Cost Control, Data Analysis, Excel, Variance Analysis
What's this resume sample doing right?
Strong quantitative results
The resume highlights impressive achievements such as a 15% reduction in overhead costs and a €200,000 annual savings. These quantifiable results showcase the candidate's effectiveness as a Cost Analyst, making them more appealing to potential employers.
Relevant work experience
With over 5 years in roles directly related to cost analysis and budgeting, the candidate demonstrates a solid background in the field. Their experience at L'Oréal and Danone aligns well with typical requirements for a Cost Analyst.
Clear educational background
The candidate holds a Master's in Finance, specializing in financial analysis. This educational foundation is highly relevant, providing credibility and showing a commitment to the field of cost analysis.
Specific skill set
The skills section lists essential abilities like Financial Analysis, Budgeting, and Cost Control. These are crucial for a Cost Analyst role and match industry expectations, enhancing the resume's effectiveness.
How could we improve this resume sample?
Introduction could be more focused
The introduction mentions being detail-oriented but could better highlight specific skills and achievements relevant to the Cost Analyst role. A clearer focus on unique strengths would improve its impact.
Lacks industry-specific keywords
While the resume mentions relevant skills, it could benefit from incorporating more industry-specific keywords such as 'cost-benefit analysis' or 'financial modeling'. This would improve ATS compatibility and visibility to recruiters.
Experience section could use more action verbs
The experience section lists accomplishments but could be enhanced by using stronger action verbs. Phrases like 'Spearheaded', 'Executed', or 'Streamlined' would make the achievements more dynamic and engaging.
Skills section could be expanded
The skills section lists core abilities but could include additional technical skills such as 'SAP' or 'SQL'. This would showcase a broader expertise relevant to the Cost Analyst position and align with job descriptions.
Senior Cost Analyst Resume Example and Template
Jessica Taylor
New York, NY • [email protected] • +1 (555) 987-6543 • himalayas.app/@jessicataylor
Professional summary
Education
Experience
- Analyzed project costs resulting in a 25% reduction in expenses for a major client
- Developed comprehensive cost models for new service offerings, improving pricing strategy
- Collaborated with cross-functional teams to enhance financial reporting processes, reducing reporting time by 30%
- Conducted detailed cost-benefit analyses for client projects, leading to informed decision-making
- Assisted in the preparation of annual budgets and forecasts, resulting in increased budget accuracy by 15%
- Streamlined cost tracking procedures, improving data accuracy and reliability
Skills
Technical: Financial Analysis, Cost Management, Budgeting, Data Analysis, Forecasting, Excel, SAP, Variance Analysis
What's this resume sample doing right?
Strong quantifiable achievements
The resume highlights specific achievements, like a 25% reduction in expenses and improving budget accuracy by 15%. These quantifiable results clearly showcase the candidate's impact in previous roles, which is vital for a Cost Analyst.
Relevant skill set
It includes essential skills such as Financial Analysis, Cost Management, and Forecasting. These align well with the requirements for a Cost Analyst, making the candidate's expertise clear to potential employers.
Clear and concise summary
The introduction succinctly summarizes over 7 years of experience and a proven track record in cost management. This immediately communicates the candidate's value, which is crucial for attracting attention in the Cost Analyst field.
Well-structured experience section
The work experience is organized with bullet points that detail responsibilities and achievements, making it easy to read. This structure helps highlight the candidate's qualifications for a Cost Analyst role effectively.
How could we improve this resume sample?
Lacks industry-specific keywords
The resume could benefit from incorporating more specific keywords related to cost analysis tools or methodologies, like 'Activity-Based Costing' or 'Lean Management'. This could improve ATS compatibility and better match job descriptions for a Cost Analyst.
Limited education details
The education section mentions a relevant degree but could enhance its impact by including notable coursework or projects related to cost analysis. This would strengthen the candidate's educational background for the Cost Analyst position.
No mention of certifications
Including certifications like Certified Management Accountant (CMA) or Certified Cost Professional (CCP) could increase credibility. Adding these would demonstrate formal recognition of the candidate's expertise in cost analysis.
Cost Analyst Lead Resume Example and Template
Ana Ribeiro
Detail-oriented Cost Analyst Lead with over 10 years of experience in cost analysis and financial management within the energy sector. Proven track record of implementing cost control measures that enhance profitability and optimize resource allocation.
Experience
- Developed and implemented cost management strategies that reduced operational expenses by 25% over two years.
- Led a team of 5 analysts in conducting financial forecasting and budgeting, increasing accuracy by 30%.
- Collaborated with project managers to establish and track KPIs, ensuring projects remained within budget.
- Analyzed cost structures and pricing strategies, leading to a 15% increase in profit margins.
- Implemented a new cost tracking system that improved reporting efficiency by 40%.
- Conducted variance analysis to identify discrepancies and recommend corrective actions.
Education
Skills
What's this resume sample doing right?
Strong quantifiable achievements
The resume showcases impressive achievements, such as reducing operational expenses by 25% and improving reporting efficiency by 40%. These metrics give clear evidence of Ana's impact in previous roles, which is crucial for a Cost Analyst.
Relevant skills included
Ana's skills section includes key competencies like Cost Analysis, Budget Management, and Financial Forecasting. These align well with the expectations for a Cost Analyst, enhancing her chances of passing through ATS filters.
Clear and concise introduction
The introduction effectively summarizes Ana's experience and value, highlighting over 10 years in cost analysis. This clarity immediately communicates her expertise to potential employers, which is essential for a Cost Analyst role.
How could we improve this resume sample?
Lacks specific industry keywords
The resume could benefit from incorporating more specific industry-related keywords that align with typical Cost Analyst job descriptions, such as 'cost-benefit analysis' or 'financial modeling' to improve ATS compatibility.
Limited detail on collaborative efforts
Ana mentions collaboration with project managers but doesn't specify the outcomes of these efforts. Adding details about how these collaborations directly impacted cost management would strengthen her case for a Cost Analyst.
Absence of certifications
Including relevant certifications, such as a Certified Management Accountant (CMA) or Certified Cost Professional (CCP), could enhance Ana's qualifications and appeal for the Cost Analyst position.
Cost Manager Resume Example and Template
Anna Müller
Detail-oriented Cost Manager with over 7 years of experience in financial planning, cost control, and budget management within multinational organizations. Proven track record of implementing cost-saving measures that enhance profitability and streamline operations.
Experience
- Managed annual budget of €50M, achieving a 15% reduction in costs through strategic sourcing and process improvements
- Collaborated with cross-functional teams to develop financial forecasts, enhancing decision-making processes
- Implemented a new cost tracking system that improved reporting accuracy by 25%
- Conducted detailed cost analysis for multiple product lines, identifying areas for efficiency improvements
- Supported budget preparation processes, ensuring alignment with financial objectives
- Developed financial models to assess project viability, leading to the approval of €20M in new investments
Education
Skills
What's this resume sample doing right?
Strong quantifiable achievements
The resume showcases quantifiable results, such as a 15% cost reduction on a €50M budget. This clearly demonstrates Anna's impact and effectiveness in cost management, which is crucial for a Cost Analyst role.
Relevant educational background
With an M.Sc. in Finance focused on corporate finance and investment analysis, Anna's education aligns well with the analytical demands of a Cost Analyst. Her thesis on cost management strategies adds further credibility to her expertise.
Diverse work experience
Anna's experience spans roles in both cost management and financial analysis, providing her with a well-rounded perspective. This diverse background enhances her suitability for a Cost Analyst position where such insights are valuable.
How could we improve this resume sample?
Lacks a tailored summary
The summary could better reflect the specific skills and experiences relevant to a Cost Analyst role. Adding keywords like 'cost optimization' and 'data-driven decision making' could make it more appealing to hiring managers.
Limited soft skills representation
While technical skills are well-covered, the resume could benefit from including soft skills like 'communication' and 'collaboration'. These are essential for a Cost Analyst, especially when working with cross-functional teams.
Missing industry-specific keywords
The resume should incorporate more industry-specific keywords related to cost analysis, such as 'variance analysis' or 'cost modeling'. This would enhance its visibility in ATS searches and improve matching with job descriptions.
1. How to write a Cost Analyst resume
Navigating the job market as a Cost Analyst can be daunting, particularly when your resume may not capture the attention it deserves. How can you ensure your qualifications shine through? Hiring managers prioritize measurable achievements and relevant skills over generic job titles. Unfortunately, many job seekers mistakenly focus on listing tasks rather than showcasing their real impact.
This guide will help you develop a compelling resume that highlights your unique contributions. You'll learn how to transform basic job descriptions into quantifiable achievements, such as reducing costs by a specific percentage. We'll cover essential sections like your work experience and resume summary to ensure your qualifications stand out. By the end, you'll have a resume that effectively communicates your value to potential employers.
Use the right format for a Cost Analyst resume
When it comes to resumes, you have a few formats to pick from. The chronological format is the most common, listing your work history from most recent to oldest. This works well for Cost Analysts with steady career progression. If you have gaps in your employment or are changing careers, a functional or combination format might be better. These formats highlight your skills rather than your job history. Whichever format you choose, make sure it's ATS-friendly. Use clear sections and avoid columns, tables, or complex graphics.
Here’s a quick rundown of the formats:
- Chronological: Best for those with a solid work history.
- Functional: Focuses on skills and is ideal for career changers.
- Combination: Mix of both, highlighting skills and work history.
Craft an impactful Cost Analyst resume summary
A resume summary gives a snapshot of your experience and skills. It's particularly useful for seasoned Cost Analysts. If you're just starting out or making a career change, you might prefer an objective statement instead. A strong summary typically follows this formula: '[Years of experience] + [Specialization] + [Key skills] + [Top achievement]'. This approach helps you highlight your strengths and what makes you a great fit for the role.
For example, a summary for a Cost Analyst might look like, '5 years of experience in cost analysis with expertise in budgeting and forecasting, recognized for reducing costs by 20%'. This showcases not just your experience but also your achievements, making your profile compelling.
Good resume summary example
Experienced Cost Analyst with over 7 years in financial analysis and cost management. Proven track record in developing budgets and reducing operational costs by 15% at Weimann-Welch.
Why this works: This summary highlights years of experience, specialization, key skills, and a tangible achievement, making it attractive to employers.
Bad resume summary example
Seeking a position in cost analysis where I can use my skills.
Why this fails: This objective is too vague and doesn't provide any specific information about experience or achievements, making it less effective.
Highlight your Cost Analyst work experience
When listing your work experience, always use reverse-chronological order. Start with your job title, company name, and dates of employment. Follow this with bullet points that describe your achievements and responsibilities. Use strong action verbs to kick things off, like 'analyzed', 'developed', or 'managed'. It's important to quantify your impact whenever possible. Instead of saying 'Responsible for budgeting', say 'Managed a budget of $500,000, leading to a 10% cost reduction'. This helps your contributions stand out. You might also consider using the STAR method (Situation, Task, Action, Result) for structuring your bullet points.
Good work experience example
Analyzed cost data for Schumm-Ebert, identifying trends that led to a 25% reduction in expenses over 12 months.
Why this works: This bullet point uses a strong action verb, quantifies the impact, and shows a clear achievement that highlights the candidate's effectiveness as a Cost Analyst.
Bad work experience example
Responsible for doing cost analysis at Bailey.
Why this fails: This example is generic and lacks specific metrics or achievements. It doesn't provide a clear picture of the candidate's contributions.
Present relevant education for a Cost Analyst
In the education section, include your school name, degree, and graduation year or expected date. For recent grads, make this section stand out a bit more. You can include your GPA, relevant coursework, or honors if applicable. But if you have several years of experience, this section should take a backseat. It's okay to omit your GPA and focus more on your work experience. Also, consider listing relevant certifications, either here or in a separate section.
Good education example
Bachelor of Science in Accounting, 2015
University of Michigan
Why this works: This entry is clear and includes all necessary information, making it easy for employers to see the candidate's educational background.
Bad education example
Attended college and studied finance.
Why this fails: This lacks essential details like the degree, school name, and dates, making it less impactful.
Add essential skills for a Cost Analyst resume
Technical skills for a Cost Analyst resume
Soft skills for a Cost Analyst resume
Include these powerful action words on your Cost Analyst resume
Use these impactful action verbs to describe your accomplishments and responsibilities:
Add additional resume sections for a Cost Analyst
Consider adding sections for Projects, Certifications, or Awards. These can enhance your resume and showcase your expertise. For a Cost Analyst, including relevant certifications can strengthen your application. Projects that demonstrate your analytical skills and impact can also make you stand out.
Good example
Project: Cost Reduction Initiative at Nicolas and Bednar
Led a team that identified inefficiencies, resulting in a 30% reduction in costs over 6 months.
Why this works: This example is specific, quantifies the impact, and shows leadership and results, making it a strong addition.
Bad example
Participated in a project related to budgeting.
Why this fails: This entry is vague and doesn’t highlight any achievements or specific contributions, making it less compelling.
2. ATS-optimized resume examples for a Cost Analyst
Applicant Tracking Systems (ATS) are software tools that help employers manage the hiring process. They scan resumes for specific keywords and formatting to identify suitable candidates. If your resume doesn’t align with these requirements, it might get rejected before a human even sees it. This is especially crucial for a Cost Analyst role, where specific skills and experiences need to shine through.
To optimize your resume for ATS, use standard section titles like 'Work Experience', 'Education', and 'Skills'. Include keywords that relate to cost analysis, such as 'budgeting', 'forecasting', 'data analysis', and relevant software like 'Excel' or 'SAP'. Avoid complex formatting like tables or images, as these can confuse the software.
Stick to standard fonts and save your resume in a readable format like .docx or PDF. Also, make sure you don’t miss critical keywords. Many candidates make the mistake of using synonyms instead of the exact terms employers are looking for. This can lead to your resume being overlooked.
ATS-compatible example
Skills: Cost Analysis, Budgeting, Data Analysis, Proficient in Excel and SAP
Why this works: This example uses clear, standard formatting and incorporates relevant keywords that align with what employers look for in a Cost Analyst. It ensures that the ATS can easily read and identify the candidate's qualifications.
ATS-incompatible example
Core Competencies: Financial Analysis, Evaluation Techniques, Utilization of Spreadsheets
Why this fails: The use of a non-standard section header like 'Core Competencies' can confuse the ATS. Additionally, phrases like 'Utilization of Spreadsheets' are vague and don’t directly match the common keywords employers use for Cost Analyst roles.
3. How to format and design a Cost Analyst resume
When you're crafting your resume as a Cost Analyst, choose a clean and professional template. A reverse-chronological layout works best since it highlights your relevant experience clearly and is easy for hiring managers to scan. This format also plays nice with Applicant Tracking Systems (ATS), ensuring your resume gets seen by real people.
Keep your resume to one page if you're early in your career and two pages if you have extensive experience. It's vital to be concise and focus on the achievements that showcase your analytical skills. This way, you keep the reader engaged without overwhelming them.
For fonts, stick to ATS-friendly options like Calibri or Arial in sizes 10-12pt for the body and 14-16pt for headers. Make sure to leave enough white space and have consistent spacing throughout. Avoid complicated designs and too many colors. Simple formatting is key, as it makes your resume easier to read for both humans and ATS.
Some common mistakes include using overly complex templates with graphics, which can confuse ATS. Also, steer clear of excessive color or unusual fonts that might detract from your professionalism. Lastly, don’t skimp on white space—it can make your resume look cluttered.
Well formatted example
Wai Cartwright
Cost Analyst
Professional Summary:
Detail-oriented Cost Analyst with 5+ years of experience in budgeting, forecasting, and financial analysis. Proven track record in optimizing costs and enhancing profitability.
Why this works: This clear layout ensures readability and is ATS-friendly. The use of bold section headings helps guide the reader through the resume effectively.
Poorly formatted example
Genia Crona
Cost Analyst
Summary of Qualifications:
- Experienced in cost management and analysis
- Strong analytical skills and attention to detail
- Proficient in various financial software applications
- Excellent communication skills
- Demonstrated ability to work in fast-paced environments
Why this fails: Although the content is decent, the lack of clear section headings and use of bullet points can make it harder for ATS to parse. This format feels cramped and lacks sufficient white space, making it less appealing for hiring managers.
4. Cover letter for a Cost Analyst
Writing a tailored cover letter for a Cost Analyst position is crucial. It complements your resume by showing your specific interest in the role and the company. A well-crafted letter can set you apart from other candidates.
Your cover letter should include a few key sections. Start with a header that has your contact information, the date, and the company's details if you know them.
The opening paragraph is where you grab attention. Mention the specific Cost Analyst role you’re applying for, express your enthusiasm for the company, and highlight a key qualification or where you found the job listing.
- Body Paragraphs: These are vital for connecting your experience to the job. Discuss your relevant projects, technical skills, and soft skills like problem-solving and teamwork. Use keywords from the job description to show you align with what they seek.
- Closing Paragraph: Reiterate your interest in the role and the company. Show confidence in your ability to contribute, and make a clear call to action, like requesting an interview. Thank the reader for their consideration.
Keep a professional yet enthusiastic tone throughout. Tailor each letter to the specific job to avoid sounding generic. This personal touch can make a big difference.
Sample a Cost Analyst cover letter
Dear Hiring Team,
I’m excited to apply for the Cost Analyst position at ABC Corporation as advertised on your careers page. With my background in financial analysis and a passion for optimizing budgets, I believe I can make a meaningful impact on your team.
In my previous role at XYZ Solutions, I successfully conducted cost-benefit analyses that led to a 15% reduction in operational costs. I utilized advanced Excel functions and financial modeling to identify key areas for cost savings. My collaborative approach helped in aligning cross-departmental strategies, ensuring everyone was on board with budgetary changes.
Moreover, I have a knack for translating complex financial data into actionable insights for stakeholders. My focus on accuracy and detail has consistently improved forecast accuracy by over 20% in past projects. I’m eager to bring this expertise to ABC Corporation and support your commitment to financial efficiency.
Thank you for considering my application. I’m looking forward to the opportunity to discuss how I can contribute to your team and help achieve your financial goals. Please feel free to contact me to schedule an interview.
Sincerely,
Jane Doe
5. Mistakes to avoid when writing a Cost Analyst resume
Creating a resume for a Cost Analyst role requires careful attention to detail. Avoiding common mistakes can help you present your skills and experience effectively.
By steering clear of pitfalls, you can ensure your resume reflects your abilities and stands out to potential employers.
Avoid vagueness in job descriptions
Mistake Example: "Responsible for analyzing costs and budgets."
Correction: Be specific about your contributions and achievements. Instead, write: "Analyzed monthly operating costs, identifying savings of 15% through budget adjustments and strategic vendor negotiations."
Don't use a one-size-fits-all approach
Mistake Example: "Experienced in financial analysis and reporting."
Correction: Tailor your resume to each job application. Instead, write: "Cost Analyst with 5 years of experience specializing in variance analysis and cost forecasting for manufacturing firms."
Watch out for typos and grammar errors
Mistake Example: "Developed cost models and report's for management."
Correction: Proofread your resume carefully. Instead, write: "Developed cost models and reports for management, enhancing decision-making processes."
Overstate or understate your skills
Mistake Example: "I know Excel very well."
Correction: Clearly define your skills with examples. Instead, write: "Expert in Excel, including advanced functions such as VLOOKUP, pivot tables, and financial modeling techniques for cost analysis."
Include irrelevant information
Mistake Example: "Hobbies include playing video games and hiking."
Correction: Focus on relevant experience and skills. Instead, write: "Completed a certification in Cost Management, enhancing my analytical skills relevant to the role."
6. FAQs about Cost Analyst resumes
Creating a resume for a Cost Analyst position involves highlighting your analytical skills and experience with budgeting, forecasting, and financial modeling. Here are some FAQs and tips to help you craft a compelling resume.
What skills should I highlight on my Cost Analyst resume?
What skills should I highlight on my Cost Analyst resume?
Focus on skills like:
- Financial analysis
- Budgeting and forecasting
- Data interpretation
- Cost management
- Attention to detail
These skills show your ability to analyze costs and support financial decision-making.
What is the best format for a Cost Analyst resume?
What is the best format for a Cost Analyst resume?
A reverse-chronological format works best. Start with your most recent experience and work backward. This helps employers see your relevant experience quickly.
How long should my Cost Analyst resume be?
How long should my Cost Analyst resume be?
Keep it to one page if you have less than 10 years of experience. For more extensive experience, two pages may be acceptable, but be concise and relevant.
How can I showcase my projects on my resume?
How can I showcase my projects on my resume?
Include a section for key projects. Describe your role, the cost-saving measures implemented, and the results. Use specific metrics to demonstrate your impact.
How should I address employment gaps in my Cost Analyst resume?
How should I address employment gaps in my Cost Analyst resume?
Be honest and brief. You can mention any relevant skills gained during that time, such as coursework or freelance work. Focus on your qualifications for the job.
Pro Tips
Use Quantifiable Achievements
When listing your achievements, use numbers to show your impact. For example, mention how you reduced costs by a certain percentage or improved budget efficiency.
Tailor Your Resume for Each Job
Customize your resume for each application. Use keywords from the job description to align your skills and experiences with what the employer is seeking.
Highlight Relevant Certifications
If you have certifications like Certified Cost Professional (CCP) or Project Management Professional (PMP), make sure to list them. They enhance your credibility as a Cost Analyst.
7. Key takeaways for an outstanding Cost Analyst resume
Creating an effective Cost Analyst resume is key to landing your next role. Here are some important takeaways:
- Use a clean, professional format that's easy to read and ATS-friendly.
- Highlight relevant skills like cost analysis, budgeting, and financial reporting tailored to the Cost Analyst position.
- Employ strong action verbs and quantify your achievements, such as cost savings or efficiency improvements.
- Incorporate job-relevant keywords naturally throughout your resume to optimize for Applicant Tracking Systems.
Remember, your resume is your first impression, so take the time to craft it well. Consider using resume building tools or templates to give you a head start in your job search!
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