Cost Analyst

  • NA
  • United States Texas Houston
  • Contract
  • Oil & Gas
Position: Cost Analyst
Location: Houston
Schedule: Hybrid, 9/80
Estimated Start: ASAP
Duration: Long Term Contract 3+ years

The Cost Analyst is responsible for the implementation and execution of cost control processes and systems in line with the Project Execution plan, Project Controls Plan and procedures. This position supports the Cost Control Lead, helps drive cost performance of the project, establishes relationships and work interfaces with the project delivery teams, supports functional teams, and is assisting with removing barriers and communicating effectively inside and outside the team.  

Desired skillset includes:
- 5+ years experience in Cost Engineering 
- Capital Projects Experience
- Data management skills (Cost Software Experience with Power BI as huge plus) 

Job Description

The Cost Analyst will use a digital platform for cost management (iPIMS), support Cost Lead in managing project cost workbooks in alignment with the project WBS-OBS-CBS, prepare monthly Value of Work Done (VoWD) estimates, work with quantity surveying contractor and project planning team to obtain input to the cost workbooks, perform accrual reconciliation with Finance, review contractor invoices and supporting documentation against contractual requirements, make sure invoices are correctly applied against contractual commitments and cost centers, monitor cost performance against control budgets, analyze variances and performance trends, support CEMOC process for cost changes, update cost forecasts for the remaining work, timely and accurate report on cost performance, develop cash flow analysis to inform project financing team / trigger cash-calls, interface and support the project delivery teams, project planning, estimating, accounting, supply chain management, risk management, contractors, etc.

Job Knowledge and Functional Competence:
Proven knowledge and application of cost control on major capital projects (cost control processes & procedures, cost workbook management, CEMOC process, contract compensation and progress measurement, forecasting, interfaces with accounting and procurement systems), cost reporting, and financial accounting. Demonstrated digital acumen in using digital platforms (Ecosys, iPIMs), PowerApps (PowerBI), building Excel macros is a big plus.

Demonstrate initiative. Ability to effectively interface and gather data. Commitment to deliver timely and accurate deliverables. Prioritize work effectively and ask for support if needed. Promote data driven metrics in decision making. Develops positive working relationships quickly across a broad range of discipline groups and project teams. Critical thinking to challenge inputs, anticipate issues, propose mitigations and document impacts.

Demonstrated communication skills (both written and verbal) to keep stakeholders informed and aligned on key plans and project data; ability to distill complex information and present in a simplified form. Ability to effectively interface, build relationships, and influence internal (including project shared services and stakeholder functions, e.g., Finance, Operations, Supply Chain, etc.) and external project stakeholders.

With over 90 years' combined experience, NES Fircroft (NES) is proud to be the world's leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Chemicals, Construction & Infrastructure, Life Sciences, Mining and Manufacturing sectors worldwide. With more than 80 offices in 45 countries, we are able to provide our clients with the engineering and technical expertise they need, wherever and whenever it is needed. We offer contractors far more than a traditional recruitment service, supporting with everything from securing visas and work permits, to providing market-leading benefits packages and accommodation, ensuring they are safely and compliantly able to support our clients.

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