Sr Cost Specialist

3 weeks ago

reno, United States Insight Global Full time

6 Month Contract-to-Hire


Responsibilities:

As a Senior Cost Specialist, you will play a critical role in optimizing and controlling the total cost management program on mega Projects in Reno, Nevada. You will be responsible for developing and implementing a Total Cost Management program, including cost management strategies, analyzing financial and cost engineering data, change management and working collaboratively with various departments to drive accurate, consistent reporting and analysis targeting cost reduction and efficiency initiatives. Your expertise will contribute to the overall profitability and competitiveness of our Project and organization.

  • Cost Management: Develop and implement a comprehensive cost management strategy, including cost tracking, forecasting, and cost reduction plans. Conduct cost analysis and cost trending to identify variations between budgeted and actual costs. Analyze historical project data to develop cost trends and benchmarks for current and future projects.
  • Change Management: Develop, implement and manage the Project Change Management program in multi-interface fast tracked mega projects that are Design Build and Self Performed by Client. This includes internal and external change management (cost & schedule). Evaluate and quantify the impact of project changes, including scope changes, variations, and contract amendments. Assess the cost implications of change orders and negotiate with contractors or suppliers when necessary.
  • Budgeting and Forecasting: Lead the budgeting process and provide regular forecasts of project costs to ensure alignment with financial goals. Develop and maintain cost forecasts for ongoing projects. Utilize cost data and trends to predict potential cost overruns or savings and provide recommendations for mitigation. Collaborate with project managers to ensure that cost controls are in place and budgets are adhered to.
  • Variance Analysis: Monitor actual costs against budgets and analyze variances, providing recommendations for corrective actions as needed.
  • Performance Metrics & Reporting: Define and track key performance indicators (KPIs) related to cost management and provide regular reports to senior management. Develop, implement and manage a cost management reporting plan (include weekly and monthly reporting/ presentations). Communicate cost trends and potential issues to project teams and senior management.
  • Compliance: Ensure compliance with financial regulations and industry standards in cost reporting and management.
  • Team Leadership: Manage a team of cost analysts and collaborate with other departments to foster a culture of cost-consciousness and continuous improvement. Provide leadership and mentorship to cost team.


Qualifications:

  • Bachelor's degree in Business, Data Analytics, Project Management, Construction Management, or relevant mega project experience
  • 5+ years in cost management, budgeting, and financial analysis, with a significant portion of that experience in the complex industrial process or manufacturing industry.
  • Strong knowledge cost management processes and cost structures at EPC project.
  • Proficiency in financial modeling and cost analysis tools.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
  • Strong leadership and team management capabilities.
  • Willingness to get hands on to complete objectives/deliverables and lead your team through challenging times
  • Ability to work within a high-performance, cross-functional organization with extremely tight timelines and aggressive goals
  • Have an inquisitive and open attitude to exploring innovative ideas and willingness to continuously learn and adapt

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