Cost Analyst – New Unit Projects

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

📋 Description

• Create and uphold project cost execution plans, cost curves, budgets, forecasts, and comprehensive weekly/monthly cost reports for designated project scopes.

• Track actual and committed expenses against the established budget and forecasts.

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

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

• Ensure version control for budgets and forecasts is maintained.

• Confirm that approved changes, variation orders, and change orders are accurately reflected in the financial records of the project.

• Conduct risk and opportunity assessments for the project.

• Oversee cost risks and implement action plans.

• Carry out ad-hoc analyses of potential cost challenges and overruns.

• Compile cost data and analyses for management project reviews.

• Relay project cost performance, risks, and opportunities to essential stakeholders.

• Coordinate cost estimates and financial evaluations for change orders and claims.

• Compare actual expenditures with planned spending in relation to approved changes.

• Aid in the ongoing enhancement of cost-control processes, tools, reporting methods, and operational rhythms.

• Disseminate lessons learned to 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 similar area.

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

• Preferred experience in supporting complex engineering, manufacturing, construction, energy, or infrastructure projects.

• Experience in analyzing actual and committed costs, identifying cost discrepancies and risks, and facilitating corrective or mitigation measures.

• Proficient in Microsoft Excel, with experience in analyzing and reporting project financial data.

• Preferred familiarity with project cost-management, ERP, or project controls systems.

• Strong analytical, organizational, and problem-solving abilities, with a keen attention to detail and data precision.

• Excellent written and verbal communication skills.

• Capacity to collaborate effectively across Project Management, Finance, Engineering, Sales, and other cross-functional teams.

• Legally authorized to work in the United States.

• Successful completion of a drug screening, if applicable.

🏝️ Benefits

• Discretionary annual bonus.

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Prescription drug coverage.

• Access to Health Coach services.

• Employee Assistance Program.

• GE Vernova Retirement Savings Plan.

• Tax-advantaged 401(k) savings opportunity with company match.

• Contributions to company retirement plans.

• Fidelity resources and financial planning consultants.

• Tuition assistance.

• Adoption assistance.

• Paid parental leave.

• Disability benefits.

• Life insurance.

• 12 paid holidays.

• Flexible time off.

• Fully remote work.