JOB DESCRIPTION
Senior Cost Analyst
The Senior Cost Control Analyst is responsible for leading project cost management activities across one or more large-scale construction projects. This position provides financial oversight, forecasting, budgeting, earned value analysis, change management, and executive reporting to ensure projects are delivered within approved budgets while identifying financial risks and opportunities.
The Senior Cost Control Analyst partners closely with Project Managers, Project Controls, Estimating, Accounting, Procurement, and Operations to drive financial performance and support strategic decision-making throughout the project lifecycle.
Compensation & Benefits:
Estimated Starting Salary Range for Senior Cost Analyst: $90,000
Pay commensurate with experience.
Full time benefits include Medical, Dental, Vision, 401K, and other possible benefits as provided. Benefits are subject to change with or without notice.
Senior Cost Analyst Responsibilities Include:
- Develop, maintain, and monitor project budgets from award through closeout.
- Track actual costs against budgets and commitments.
- Perform detailed cost variance analysis and identify root causes.
- Maintain cost codes and ensure accurate cost allocation.
- Analyze labor productivity, equipment utilization, subcontractor costs, and material expenditures.
- Monitor project contingency and management reserve utilization.
- Prepare monthly Estimate at Completion (EAC) and Estimate to Complete (ETC).
- Forecast labor hours, material costs, subcontract costs, equipment costs, and indirect expenses.
- Evaluate financial impacts of schedule delays and scope changes.
- Provide accurate cash flow forecasts.
- Prepare weekly and monthly executive cost reports.
- Develop dashboards highlighting:
- Budget vs Actual
- Committed Cost
- Forecast Cost
- Cost Performance Index (CPI)
- Schedule Performance Index (SPI)
- Productivity Metrics
- Cost Trends
- Present financial performance to project leadership.
- Review change orders for financial impact.
- Support pricing and negotiations of client and subcontractor change orders.
- Track pending changes and potential exposure.
- Ensure all approved changes are incorporated into project budgets and forecasts.
- Identify cost risks and opportunities.
- Perform quantitative financial analysis.
- Recommend mitigation strategies.
- Support project risk registers.
- Support Earned Value Management (EVM) where applicable.
- Coordinate with Scheduling regarding progress measurement.
- Validate percent complete calculations.
- Analyze schedule impacts on project costs.
- Monitor purchase orders and subcontract commitments.
- Review contract values versus committed expenditures.
- Assist with procurement forecasting.
- Track material escalation and supply chain impacts.
- Review monthly accruals.
- Support invoice validation.
- Assist with revenue recognition.
- Reconcile project financial data between ERP systems and project controls software.
- Mentor junior cost analysts.
- Develop standardized reporting processes.
- Improve cost control procedures and best practices.
- Participate in project financial reviews with executive leadership.
Senior Cost Analyst Experience, Education, Skills, Abilities requested:
Similar searchable job titles:
- Senior Cost Control Analyst
- Cost Control Analyst
- Project Controls Analyst
- Senior Project Controls Analyst
- Cost Engineer
- Senior Cost Engineer
- Construction Cost Analyst
- Project Cost Analyst
- Cost Manager
- Project Controls Manager
Similar searchable job titles:
- Budgeting
- Forecasting
- EAC
- ETC
- Accruals
- Commitments
- Costcodes
- Variance
- EVM
- CPI
