Senior Cost & Project Analyst

Salary depends on experience
Posted on 11/21/17
5 - 7 years experience
Engineering Services
Salary depends on experience
Posted on 11/21/17

Company Profile

Oceaneering is a global oilfield provider of engineered services and products primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

Oceaneering’s business offerings include remotely operated vehicles, built-to-order specialty subsea hardware, deepwater intervention and manned diving services, non-destructive testing and inspection, and engineering and project management.

Position Summary

The Senior Cost & Project Analyst reports and analyzes the cost/performance data on assigned projects, and determines conformity to budgeted and projected expenditures of hours and funds.

Typical projects assigned to this function are Cost Plus and Time & Material, with some Fix Priced contracts that have low contract value and small financial risk to the company.

Duties & Responsibilities


  • Provide Program/Project Managers with current status of cost for programs/projects.  Prepare and issue status and EAC reports as required.
  • Analyze historical and current trends to forecast future performance.
  • Forecast rolling flash, cash flow, and inputs to the annual plan for assigned programs/projects. May also track other indirect costing functions.
  • Draft all aspects of the cost volume, such as written content, cost/price schedules, contractual aspects (i.e. bonding and insurance coverage). Maintain prepared cost volumes and provide audit support as needed.
  • Support the collection of Accounts Receivables and generate invoices associated with projects assigned.
  • Set up and maintain all projects within accounting systems (i.e. As Bid/Budgets, Chart of Accounts, and the active status of accounts).
  • Maintain working knowledge of various government regulations as required by contracts.


  • Additional duties as assigned.

Supervisory Responsibilities

  • This position has no supervisory responsibilities.

Reporting Relationships

  • Reports to Division Controller



  • Bachelor's degree in Accounting or related field. Equivalent experience may be considered in lieu of a degree.
  • 5-8 of experience in performance/cost measurement or financial analysis.
  • Good written and verbal communication skills, and the ability to successfully interact with all levels of the company.
  • Working knowledge/background in government and commercial contract requirements.
  • Familiarity of performance measurement principles such as earned value, scheduling, IRR, ROA, Payback, DSO, cash flow, and Operating Efficiency.
  • Strong knowledge of Microsoft Word, Excel, and Powerpoint.
  • Security clearance may be required depending on location.
  • Strong technical knowledge of financial/cost performance.
  • Good organizational skills and analytical/logical approach.
  • Ability to collect information and solve problems of moderate complexity.


  • Experience with project management/scheduling software (i.e. MS Project, MPM, etc).

Additional Information

Working Conditions

This position is considered OFFICE WORK which is characterized as follows.

  • Almost exclusively indoors during the day and occasionally at night
  • Occasional exposure to airborne dust in the work place
  • Work surface is stable (flat)
  • Requires working indoors in environmentally controlled conditions
  • Job tasks are performed in close proximity to other people


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