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Cost Management Specialist

2 months ago

Pomona, California, United States PM2CM Full time
Job Overview

Key Responsibilities:

Financial Oversight:

  • Establish and uphold financial plans, benchmarks, and forecasts for designated large-scale and/or multi-year initiatives.
  • Consolidate, verify, and refresh financial projections and expenditure strategies based on asset categories, cost influences, and funding sources.

Cost Analysis and Reporting:

  • Generate both routine and intricate reports to aid Project Managers and organizational partners in tracking, managing, and predicting expenses (e.g., budget, actual costs, commitments, contingency funds, earned value metrics).
  • Address internal or external inquiries regarding data for significant projects and programs.

Risk Assessment:

  • Develop and maintain a comprehensive risk log.
  • Assess the necessary level of contingency through methods such as Monte Carlo simulations.

Research and Data Evaluation:

  • Conduct thorough and detailed research, updates, and data analysis in cost control areas (e.g., budget, actuals, commitments, contingency, earned value).
  • Compile and present findings, alternatives, and recommendations to support strategic decisions and minimize potential risks.

Change Management and Contract Oversight:

  • Assist in the management of change processes and contract negotiations.
  • Support the implementation, analysis, and reporting of performance metrics using industry standards.

Collaboration and Communication:

  • Engage with stakeholders and apply relevant estimating, cost management, and scheduling techniques to convey results effectively.

Data Management in Project Controls:

  • Prepare responses to project controls data requests and documentation to support governance, audits, and regulatory submissions.

Qualifications:

Experience:

  • A minimum of seven years in cost management or controls.
  • Proven experience in Project Management, Project Controls, or Construction Management, preferably within utility or regulatory environments.
  • Strong background in contract negotiation and management, including claims handling and change order processing.
  • Proficiency in Microsoft Office Suite and familiarity with SAP or similar ERP systems.
  • Experience with Project Controls software like Primavera or similar tools.

Educational Background:

  • A combination of education, training, and experience typically equivalent to a 4-year degree in a relevant field. An advanced degree is preferred.

Preferred Skills:

  • Advanced Excel capabilities and experience with complex functions.
  • Strong communication skills, capable of engaging with various management levels.
  • Ability to work autonomously in meetings.
  • Familiarity with SAP is advantageous.
  • Experience in transmission or utility sectors is a plus.
  • A proactive attitude towards learning and adaptability.

Application Process:

Interested candidates are encouraged to submit their resumes for consideration. Please ensure to reference the job title in your application.

Note: This job description is intended to outline the general content and requirements for this position. It is not an exhaustive list of duties, responsibilities, or qualifications. Employees may be required to perform additional tasks as directed by their supervisor.