Cost Management Specialist
3 weeks ago
The Cost Management Specialist serves as the primary point of contact for cost management services, including invoice validation, cost forecasting, and reporting, change management, close-out administration, procurement management, earned value, and value engineering for Planet Forward.
Key Responsibilities:
- Monitor project budgets and ensure that commitments and expenditures follow the same allocation methodology.
- Review and analyze sub-contractor invoices, prepare job costing reports to allocate these expenditures against the appropriate WBS numbers.
- Perform cost-to-complete analysis for all cost elements within a project, taking into consideration staffing plans, contract commitments, and expenditures to date, change orders, and trends.
- Attend project meetings to provide Project Management with current financial information and trend logs regarding potential impacts to project budget or forecast.
- Provide progress reporting documents and briefing materials as required.
- Develop creative reporting tools to communicate complex project sequencing and/or progress assessments.
- Review task orders for contractors and sub-consultants to ensure necessary budget and/or contract capacity exists.
- Analyze change order values against current budget and prepare reconciliations to include in the current forecast at completion.
- Prepare change orders and backup documentation as may be necessary for compliance and governance purposes.
- Support the project team in review and negotiations with developer change proposals.
- Support the team with risk management.
- Prepare data to support documentation required journal vouchers for budget transfers.
- Have an appreciation for contractual interpretations and claim avoidance strategies.
- Support the Project team with additional tasks as required.
Requirements:
- 5- to 15-years' experience in direct support of active construction projects.
- Degree in Business, Engineering, Construction Management, or related field is preferred.
- Demonstrated experience managing and reporting the cost components of large-scale, complex projects, including developing and managing a progress reporting methodology for a complicated design effort.
- Experience with Design-Build-Finance-Operate-Maintain delivery methods is desirable.
- Experience with cost management for operation and maintenance is highly desirable.
- Thorough familiarity with MS Office suite software - Word, Excel, PowerPoint, and Outlook.
- Demonstrated ability to understand technical and complicated construction programs and the ability to communicate progress to both technical- and management-level personnel.
- Ability to work with others, a self-starter with results-driven focus.
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