What are the responsibilities and job description for the Cost Analyst position at nTech Workforce?
Terms of Employment
W2 Contract, 24 Months (Potential Extension)
This is a hybrid position with 3 days onsite at Oakbrook Terrace, IL.
Overview
Our client is seeking a Senior Project Cost Analyst to provide essential support on construction projects. The successful candidate will play a key role in analyzing project financial data, ensuring compliance with internal and external audits, managing budgets, and providing detailed financial analysis to support project managers and other stakeholders.
Responsibilities
Provide project controls Cost Engineering support per PC-ED-2014 to the director, manager of projects, project managers, contractors and other key team members.
Analyze project actual and forecast to ensure compliance with annual internal and external Sarbanes Oxley Audits.
Identify project / program budget, forecast, and authorization issues early and developing resolutions to meet project metrics.
Provide historical comparisons of complete projects and programs.
Develop and monitor the budgets for transmission, sub-station, distribution projects and programs.
Manage program financial risks and opportunities and provide detailed analysis of variances to budget, quarterly plan, and month over month variance analysis.
Prepare project accrual and JE and support project managers during financial challenge meetings.
Provide 24 / 7 on call services for emergent projects.
Run, summarize and analyze various Hyperion reports to support projects and processes.
Schedule and run monthly forecasting and accrual meetings with Project Managers, report variances and issues to both the PM and project controls leadership.
Utilize detailed cost files for budgeting, cost management updates and earned value performance output.
Manage budgets, forecasts, authorization limits and accruals for all assigned projects and programs.
Provide monthly reports for : reauthorization risk, forecast accuracy by Project Manager, program and department, CIAC forecast and analysis, contingency released and remaining, and others as requested.
Ensures that all PAR forms in WPT are completed properly and route for approvals.
Provides review of FERC assets, Capital & Expense classification, and property units for projects.
Supports the development of the financial slides used in DOA approval presentations representing the requested authorization, funding sources, projected spend, etc.
Monitors the portfolio of projects estimate at completion versus authorization ensuring that projects do not exceed authorization.
Manages the Vendor Forecasting process which is used as a source of input for Cost Engineering.
Reviews vendor forecasts to ensure that they are providing quality forecasts.
Develops material request reporting which is used as a source of input for Cost Engineering.
Provides an accounting review of all centrally managed material request and contractor contracts to ensure appropriate department and sub-account assignments.
Creates ITNs in WPT if needed to track project budget, forecast, and authorization.
Required Skills & Experience
Bachelor’s degree in finance, accounting, business, or project management.
5 years of experience as a Project Cost Analyst / Financial Advisor for construction projects.
Experience handling financial data with a focus on analysis.
Financial or project cost background.
Strong Excel skills.
Understanding of accruals.
Ability to communicate financial results / analysis.
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