Job Details

  • Title: Cost Engineering Analyst
  • Code: RCI-21638-1
  • Location: Oakbrook Terrace Illinois (IL) 60181
  • Posted Date: 11/12/2019
  • Duration: 12 Months
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  Job Description


  • Provide Project Controls Cost Engineering support per client standards to the director, manager of projects, project managers, contractors and other key team members.
  • Analyze project actual and forecast to ensure compliance with annual internal and external Sarbanes Oxley Audits.
  • Identify project/program budget, forecast, and authorization issues early and developing resolutions to meet project metrics.
  • Provide historical comparisons of complete projects and programs.
  • Develop and monitor the budgets for transmission, sub-station, distribution projects and programs.
  • Manage program financial risks and opportunities and provide detailed analysis of variances to budget, quarterly plan, and month over month variance analysis.
  • Prepare Project Accrual And JE and support project managers during financial challenge meetings.
  • Provide 24/7 on call services for emergent projects. Utilize the¬†client's¬†Financial Management system i.e WPT/Clarity for support of work.
  • Utilize Passport Work Management and Supply systems.
  • Run, summarize and analyze various Hyperion reports to support projects and processes.
  • Schedule and run monthly forecasting and accrual meetings with Project managers, report variances and issues to both the PM and project controls leadership.
  • Utilize Excel detailed cost files for budgeting, cost management updates and earned value performance output. Manage budgets, forecasts, authorization limits and accruals for all assigned projects and programs.
  • Provide monthly reports for: reauthorization risk, forecast accuracy by Project Manager, program and department, CIAC forecast and analysis, Contingency released and remaining, and others as requested.
  • Ensures that all PAR forms in WPT are completed properly and route for approvals. Provides review of FERC assets, Capital & Expense classification, and property units for projects.
  • Supports the development of the financial slides used in DOA approval presentations representing the requested authorization, funding sources, projected spend, etc.
  • Monitors the portfolio of projects estimate at completion versus authorization ensuring that projects do not exceed authorization.
  • Manages the Vendor Forecasting process which is used as a source of input for Cost Engineering.
  • Reviews vendor forecasts to ensure that they are providing quality forecasts.
  • Develops material request reporting which is used as a source of input for Cost Engineering.
  • Provides an accounting review of all centrally managed material request and contractor contracts to ensure appropriate department and subaccount assignments.
  • Creates ITNs in WPT if needed to track project budget, forecast, and authorization.
  • Experience with Budgeting and Forecasting, accruals, and month end close activities. Highly motivated candidate with strong communication skills preferred.