Cost Analyst – New Unit Projects

This is a fully remote position, open to applicants in United States.

📋 Description

• Create and uphold project cost execution strategies, cost curves, budgets, forecasts, and comprehensive weekly/monthly financial reports for assigned project scopes.

• Track actual and committed expenses versus the budget and forecast.

• Detect cost discrepancies, identify root causes, evaluate cost-to-complete, and propose mitigation strategies.

• Collaborate with budget holders, Project Managers, and schedulers to synchronize project timelines, cost curves, forecasts, and Bill of Quantity tracking.

• Manage version control for budgets and forecasts, including approved changes, variation orders, and change orders.

• Conduct project risk and opportunity assessments and keep an eye on cost risks and action plans.

• Execute ad-hoc analyses to evaluate potential cost challenges and overruns.

• Compile cost data and analyses for project management reviews, and convey cost performance, risks, and opportunities to stakeholders.

• Coordinate financial estimates and analyses for change orders and claims.

• Monitor actual expenditures against planned spending in relation to approved changes.

• Foster continuous improvement of cost-control processes, tools, reporting, and operational rhythms.

• Share insights gained with Sales, ITO, IPM, and other stakeholders to enhance future bids and project budgets.

⛳️ Requirements

• Bachelor’s degree in Engineering, Business, Finance, Accounting, Project Management, or a related field.

• At least 3 years of experience in project cost control, cost analysis, project controls, project management, quality, or a related area, ideally supporting complex engineering, manufacturing, construction, energy, or infrastructure projects.

• A minimum of 2 years of experience with project budgeting, forecasting, cost-to-complete analysis, data analysis, and/or cost reporting.

• Experience in analyzing actual and committed costs, identifying cost variances and risks, and aiding in corrective or mitigation actions.

• Proficiency in Microsoft Excel, including experience in analyzing and reporting project financial data.

• Strong analytical, organizational, and problem-solving abilities with a proven track record of attention to detail and data accuracy.

• Effective written and verbal communication skills with a demonstrated capacity to collaborate across Project Management, Finance, Engineering, Sales, and other cross-functional teams.

• Legally authorized to work in the United States.

• Successful completion of a drug screen, where applicable.

🏝️ Benefits

• Discretionary annual bonus

• Medical, dental, vision, and prescription drug coverage

• Health Coach from GE Vernova, a 24/7 nurse-based resource

• Employee Assistance Program with 24/7 confidential assessment, counseling, and referral services

• GE Vernova Retirement Savings Plan

• Tax-advantaged 401(k) savings opportunity with company matching contributions

• Company retirement contributions

• Fidelity resources and financial planning consultants

• Tuition assistance

• Adoption assistance

• Paid parental leave

• Disability benefits

• Life insurance

• 12 paid holidays

• Permissive time off

• Professional development

• Relocation assistance not provided