Several years of experience in project cost management or related field.
Strong expertise in cost forecasting, budgeting, and variance analysis.
Experience managing costs for capital, industrial, or construction projects.
Ability to work independently and communicate findings effectively.
Proficient in analytical, problem-solving, Excel, and reporting skills.
Responsibilities
Establish and maintain project cost baselines integrating estimates and schedules.
Gather and analyze cost data to develop forecasts and monthly accruals.
Monitor project spending and cash flow to ensure budget alignment.
Prepare monthly cost reports, forecasts, and variance analyses.
Identify cost deviations and recommend corrective actions to leadership.
Track change orders and project execution changes for accurate reporting.
Collaborate with project teams to develop realistic cost-to-complete forecasts.
Benefits
Hybrid work schedule with four days onsite and Fridays remote.
Standard 40-hour workweek with limited overtime expected.
Free onsite parking and flexible start times.
Full Job Description
Houston
, TX
Contract
The Cost Manager supports cost management for capital projects by establishing and maintaining cost baselines, developing forecasts, preparing accruals and cost reports, and analyzing project financial performance. This role provides accurate cost visibility to project leadership, identifies variances, and supports cost-effective project execution within established budgets and schedules. This is a project cost management and control's role, not a general accounting position.
Key Responsibilities
Establish and maintain project cost baselines by integrating cost estimates, work-hour estimates, and project schedules.
Gather and analyze cost data from multiple sources to develop accurate forecasts and monthly accruals.
Monitor project spending, commitments, cash flow, and contingency to ensure alignment with approved budgets.
Prepare and maintain monthly cost reports, forecasts, cash flow projections, and variance analyses.
Identify cost deviations, assess budget impacts, and recommend corrective actions to project leadership.
Track change orders, project execution changes, and other cost adjustments to ensure accurate financial reporting.
Collaborate with Project Managers, Engineers, Construction Managers, and Project Controls teams to develop realistic cost-to-complete forecasts.
Communicate critical cost issues, trends, and financial performance updates to project stakeholders.
Support project controls, performance benchmarking, project metrics, and project closeout activities.
Required Qualifications and Experience
Several years of experience in project cost management, project controls, or a related field.
Strong experience in cost forecasting, budgeting, accruals, cost reporting, and variance analysis.
Experience managing costs for capital, industrial, engineering, or construction projects.
Ability to work independently with minimal training and communicate findings effectively to project stakeholders.
Strong analytical, problem-solving, Excel, and reporting skills.
Preferred Qualifications
Bachelor's degree in a relevant field, or equivalent practical experience.
Experience in Engineering, Procurement, and Construction (EPC) or large-scale capital projects.
Strong SAP experience; familiarity with EcoSys is an advantage.
Experience working with multidisciplinary project teams and presenting cost performance reports to leadership.
Work Environment
Location: Houston area preferred.
Schedule: Hybrid, with four days onsite and Fridays remote.
Hours: Standard 40-hour workweek, with limited overtime expected.
Additional Details: Free onsite parking and flexible start times.
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