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Project Cost Analyst

2 months ago

Houston, Texas, United States Brunel International Full time
Role Overview

As a vital member of our team at Brunel International, you will play a key role in managing project costs effectively. Your expertise will be essential in ensuring that all financial aspects of projects are monitored and controlled to align with our strategic objectives.

Key Responsibilities:
  • Support cost management initiatives by adhering to established methodologies for effective cost control.
  • Identify and communicate potential cost variances early to facilitate timely corrective measures.
  • Maintain comprehensive cost control documentation, including commitments, Value of Work Done (VOWD), accruals, forecasts, budgets, and contingency strategies.
  • Utilize advanced tools for tracking cost data, performance metrics, status updates, and variance evaluations.
  • Contribute actively to the budgeting process, ensuring alignment with project scopes and financial objectives.
  • Assist in the development and implementation of Cost Breakdown Structures (CBS) tailored to various project phases, following corporate guidelines.
  • Provide critical cost data to support Authorization for Expenditure (AFE) processes while ensuring historical accuracy.
  • Engage in regular discussions with project leads and engineers to improve forecasting precision.
  • Evaluate contractor performance, productivity, and claims to ensure accountability.
  • Implement effective cost control practices to deliver insightful business reports.
  • Participate in reviews of cost and schedule assurance to maintain project integrity.
  • Analyze benchmark data to inform cost control strategies.
  • Engage in ongoing training and development in cost control methodologies.
  • Oversee the change control process to manage project adjustments effectively.
  • Prepare detailed cost reports and monitor trends for monthly evaluations.
Essential Skills and Knowledge

Qualifications/Experience:
  • A minimum of 10-15 years in cost management, ideally within the energy sector.
  • A degree in Engineering, Finance, Business, or a related discipline.
  • Strong analytical capabilities and numerical proficiency.
  • Experience on-site is advantageous.
  • In-depth knowledge of cost control principles and management practices.
  • Proficient in project management software and financial analysis tools; familiarity with Unifier is a plus.
  • Excellent communication skills for conveying complex financial information clearly.
  • Ability to collaborate effectively with clients, contractors, and various stakeholders.
  • Understanding of processes within the energy industry.
  • Meticulous attention to detail and capacity to handle multiple priorities under pressure.
  • Professional certification such as Certified Cost Engineer (CCE) or equivalent is preferred.