Demo

Senior Cost Analyst

nTech Workforce
Oakbrook Terrace, IL Full Time
POSTED ON 2/26/2025
AVAILABLE BEFORE 5/23/2025
  • W2 ONLY
  • Title : Senior Project Cost Analyst

    Location : Hybrid at Oakbrook Terrace, IL

    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.
    • Preferred Skills & Experience

    • Experience with WPT / Clarity and / or Hyperion.

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