Cost Analyst/ Project Control Analyst

Hybrid in Chicago, IL, US • Posted 60+ days ago • Updated 12 days ago

Contract Independent

Contract W2

On-site

BASED ON EXPERIENCE

Fitment

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Skills

FINANCIAL OVERSIGHT
COST TRACKING
PROJECT BUDGETS
FORECASTING
VARIANCE ANALYSIS
COST CONTROL PRINCIPLES
UTILITY COMPANIES
ENERGY
INFRASTRUCTURE
PMO
PMO GOVERNANCE
EARNED VALUE MANAGEMENT
SAP
MAXIMO
PRIMAVERA

Summary

Project Controls Analyst
12+ months Contract( Multi year project, Extension likely)
Hybrid( Tue-Thu in office)

Position Overview
The Project Controls Cost Analyst is responsible for providing financial oversight, cost tracking, and analysis to support the successful delivery of capital construction projects. This role ensures that project budgets, forecasts, and expenditures are accurately maintained and reported, supporting effective decision-making and compliance with capital construction governance and financial controls

Key Areas of Responsibility

Financial Oversight - Develop, monitor, and maintain project cost baselines, budgets, and forecasts in coordination with Project Managers and the Central Project Controls team.
Cost Tracking and Analysis - Track actual costs, commitments, and accruals; analyze cost variances and trends; and identify potential overruns or savings opportunities.
Reporting and Forecasting - Prepare regular cost reports, dashboards, and variance analyses for project and program leadership to support governance and performance tracking.
Governance and Compliance - Ensure all financial activities align with PMO cost control procedures, reporting standards, and regulatory requirements.
Cross-Functional Coordination - Collaborate with Finance, Engineering, Supply Chain, and Construction to ensure cost data is accurate, up to date, and fully integrated with scheduling and project controls systems.
Risk Management - Identify financial risks, forecast deviations, and anomalies early, and recommend corrective actions to maintain cost control and budget adherence.
Earned Value Management - Support integration of cost and schedule data to produce earned value metrics and performance indices that reflect project health.
Change Management Support - Evaluate cost impacts associated with scope changes, contractor claims, and field modifications, ensuring proper documentation and approval.
Audit and Governance Support - Participate in audits, financial reviews, and governance meetings to ensure accountability and transparency across all financial processes.
Continuous Improvement - Contribute to the enhancement of cost control tools, templates, and procedures, promoting efficiency, accuracy, and standardization across the PRP.

Qualifications
Education: Bachelor's degree in Finance, Accounting, Engineering, Construction Management, or related field;
Experience:

3-5 years in cost control, project controls, or financial management in utilities, energy, or infrastructure. Experience in regulated industries preferred.
In lieu of education requirements, 7-10 years' work experience is acceptable.

Skills and Knowledge

Strong understanding of cost control principles, budgeting, forecasting, and variance analysis.
Familiarity with PMO governance and earned value management.
Proficient in cost management systems (SAP, Maximo, Estimating Tool) and scheduling tools (Primavera P6).
Skilled in financial reporting and risk identification.
Effective communicator with technical teams, executives, and regulators.
Stakeholder Satisfaction: Positive feedback from Project Managers, Finance, and leadership.

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Dice Id: RTX187e79
Position Id: 25-24783
Posted 30+ days ago

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Cost Analyst/ Project Control Analyst

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Job Details

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