Cost Analyst

Job Details:

Duration: 12 Months Contract with possible extension or conversion to perm

Hybrid work schedule: Mon & Fri work from home and Tuesday, Wednesday & Thursday we are in the office.

Job Description:

Responsibilities:

• Utilize organized project work elements for enhanced project estimating and budgeting in assigning more accurate planned value.
• Apply WBS attribute proficiency to integrate project baseline elements to provide an optimum, achievable project plan.
• Perform more effective earned value criteria (EV) to enable enhanced parametric forecasting.
• Provide quick turnaround of project work performance data to enable maximum time for implementation of corrective action.
• Ensure estimate and budget quality management in accordance with project management industry standards.
• Ensure developing cost analysis quality and cost analysis quality.
• Utilize cost quality control metrics and apply cost measurement inspections to drive effective cost control.
• Apply cost risk management to the development of the project cost estimate and integrate estimate uncertainty with project risk.
• Quantify risk response to more effectively forecast cost performance.
• Assists in contract commercial management, facilitates contract payments, conduct contract performance assessment and reporting and initial contract performance analysis and contract commercial forecasting.
• Performs contract reviews relative to payment requirements and supporting documentation.
• Applies core project cost management expertise: Review and coordinate the management and utilization of project initiation, project planning, project controls guideline and project controls related standards, project controls management processes, job aids and tools.
• Integrates cost management with core project controls (schedule management, scope management) to drive core objective performance.
• Manages cost effort. Tailors cost management processes. Tailors / creates cost management tools / techniques to advance cost performance.
• Utilizes cost estimating to validate contractor initial estimates, forecasts, and estimates at completion.
• Manage the Basis of Estimates. Develop / apply proficiency in project cost budgeting and cost base lining.
• Process labor timesheets, invoices, and other submittals associated with contract labor; code invoice details for Nature of Expenses, Work Breakdown Structure and Cost Budgeting System codes; Assist Project Managers and Cost Budget Analysts in the accrual process.
• Evaluate manpower, labor hours, and labor cost requirements versus budget limitations and perform cost and schedule analysis.
• Maintains / manages project Estimate at Completion. Works to implement cost preventive action.
• Perform standard project and special project cost reporting as required by the project stakeholders; compiles and produces cost reports as required and directed.
• Applies proficiency in schedule management processes and the impact of project planning and scheduling on cost management.
• Utilizes planning and scheduling proficiency; Analyzes project schedules and the impact of schedule on cost.
• Applies critical path methodology and schedule risk management to develop schedule forecasting proficiency and ability to determine estimate completion date (ECD) competence and integrate schedule risk into cost impact.
• Apply proficiency in core integration, scope, cost, and schedule.
• Apply product life cycle costing competence. Assist the project management team, Major Project managers, Director, and other relevant stakeholders in retrieving cost management information and reporting.
• Engages project stakeholders to optimize cost planning and cost control.
• Apply proficiency in effective communication and assessing project stakeholders for their core and special cost reporting, cost assessment, and cost analysis needs and provide those stakeholders with optimum communication, information, and reporting.
• The Cost Analyst will manage in accordance with Industry standards, the Project Management Guidelines and Standards, and industry best practice.
• Operates more independent, decisions range from those governed by general policy to those on technical or complex issues within authorized limits.
• Develop proficiency in cost management processes, tools, techniques, and cost information management system for Major Projects.
• Perform core cost accounting / cost collection processes and core cost monitoring and control functions, cost variance assessment for multiple projects during the typical project life cycles.
• Apply the results of cost planning in the creation and maintenance of multiple project cost management data files that enable detailed and summary level information and reporting of project cost. Process execution cost via project timesheets and maintain the cost data base.
• Monitor and process invoices for payment and subsequent project assessment; controlling by ensuring correctness of submitted invoices against contract scope and commercial requirements; obtaining invoice approval from Project Managers and recording for subsequent variance analysis.
• Communicate and report to relevant project cost management stakeholders.

Experience:

• Proficiency and versatility in cost accounting processes, database development, manipulation, management, and control; integration with other project management information systems with data quality / data integrity assurance.
• Using a simple project Work Breakdown Structure / Code of Accounts a cost repository is created to apply committed, budgeted project funds for project performance, disbursement, tracking, assessment, analysis, and close-out.
• Develop cost engineering and project management capability and competence using industry standards (AACE, PMI, Construction Management Industry, etc.) and best practice application to expand knowledge base and optimum application.

Skills:

• Five years of experience working in Microsoft Excel, or equivalent software program, with responsibilities for data manipulation, integration and subsequent report generation. Experience: 4-6 years

Education:

• High School diploma is required.

About US Tech Solutions:

US Tech Solutions is a global staff augmentation firm providing a wide range of talent on-demand and total workforce solutions. To know more about US Tech Solutions, please visit www.ustechsolutions.com.

US Tech Solutions is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Recruiter Details:

Name: Gaurav Kejriwal

Email: Gaurav.kejriwal@ustechsolutionsinc.com

Internal Id: 25-35070