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Job Title: Project Controls Analyst - Hybrid (8 Openings)
Duration: 12 Months with possibility of extension
Location: Chicago, IL
Onsite: Tuesday - Thursday
Shuttle service is provided from the train stations.
Only W2 candidates are eligible for this position. Third-party or C2C candidates will not be considered
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
- Bachelor's degree in Finance, Accounting, Engineering, Construction Management, or related field;
- 3 5 years in cost control, project controls, or financial management in utilities, energy, or infrastructure.
- 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.
- Financial oversight, cost tracking and analysis, project baselines, cost variations and trends
- Candidate must have Primavera P6, SAP and Maximo
- Must have experience in energy, utility or infrastructure or a highly regulated industry.
- Must have good communication skills and previous experience with cross-functional teams.
- 2-5 years of experience in regulatory or an adjacent function, preferably within the utility industry.
- Advanced understanding of revenue requirement and cost recovery programs
- Ability to analyze, interpret and report complex information.
- Strong problem-solving skills
- Ability to learn new processes and create procedures to implement the process
- Strong organizational, multi-tasking and time management skills
- A dynamic team player who also works well independently
- Excellent oral and written communication skills
- Cost analyst experience - they get data requests related to cost and schedule
- May need to run queries in SAP or cost folders need to know how to read cost forecasts
- Know SAP, cost background
- Understand forecast, invoices
- Responding to FOI Act, regulatory requests
- Research, investigate, draft response, route internally to compliance and regulatory
- Requests are typically related to cost recovery
- Strong problem solver
- Analyze and research
- Understanding cost recovery programs and rate cases
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