Senior Cost Management Specialist
3 weeks ago
Job Summary:
We are seeking a highly skilled Senior Cost Management Specialist to join our team at Insight Global. As a key member of our organization, you will play a critical role in optimizing and controlling our total cost management program on mega projects.
Responsibilities:
- 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.
- Change Management: Develop, implement, and manage the project change management program in multi-interface fast-tracked mega projects. Evaluate and quantify the impact of project changes, including scope changes, variations, and contract amendments.
- 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.
- 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.
- Compliance: Ensure compliance with financial regulations and industry standards in cost reporting and management.
Requirements:
- 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 of cost management processes and cost structures at EPC projects.
- Proficiency in financial modeling and cost analysis tools.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
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