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Associate, Project Controls Cost

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Invenergy LLC
Full Time position
Listed on 2026-06-23
Job specializations:
  • Finance & Banking
  • Engineering
Salary/Wage Range or Industry Benchmark: 80000 - 100000 USD Yearly USD 80000.00 100000.00 YEAR
Job Description & How to Apply Below

Position Overview

As the Associate, Project Controls Cost, you will be heavily focused on project execution – developing construction plans, analyzing expenditures, cost forecasting, managing contingency, variance analysis reporting, tariff impact analysis, and creating detailed reports and dashboards to improve the execution of renewable energy projects.

Responsibilities
  • Conduct portfolio cost analysis and deliver monthly cost performance reports to leadership.
  • Provide mentorship and oversight of Analysts to ensure execution of all project responsibilities and reporting.
  • Support Project Managers in the full lifecycle of project cost management, ensuring all actuals, commitments, and forecasts are accurately captured, validated, and recorded in alignment with corporate standards.
  • Provide cost input to project planning activities such as construction execution plans, estimate updates, procurement strategies, and risk‑adjusted forecasting.
  • Conduct commercial evaluations of vendor and contractor proposals to support change management, contract negotiations, and service agreement development.
  • Review and validate supplier and contractor invoices, change orders, and claims; ensure alignment with contract terms and project budgets.
  • Develop, maintain, and analyze project cost forecasts—including cash flow, contingency usage, committed cost tracking, and variance analysis—and clearly articulate drivers behind deviations.
  • Maintain the project cost control framework, including the cost breakdown structure (CBS), budget allocations, work package tracking, and integration with schedule and procurement updates.
  • Prepare both project and portfolio level reporting, which includes but is not limited to monthly cost reports, progress summaries, dashboards, and KPI updates for management review.
  • Monitor project risks, trends, and potential deviations; collaborate with cross-functional stakeholders to recommend mitigation actions and communicate cost impacts proactively.
  • Manage financial controls processes—purchase requisitions, purchase orders, budget transfers, and commitment management—and ensure alignment across cost systems, accounting, and procurement.
  • Ability to innovate our cost management system by piloting new concepts, scaling to the construction business group, and facilitate change management/training to have sustained process adherence.
  • Provide ad-hoc cost studies, scenario analyses, and decision-support reporting as needed.
  • Drive consistency and continuous improvement of cost control practices, tools, and reporting standards across projects.
Minimum Qualifications
  • Bachelor’s degree in engineering, construction management, finance, accounting, or a related analytical discipline.
  • 5+ years of experience in project cost control, project accounting, financial analysis, or related project controls functions.
  • Strong analytical skills with the ability to develop forecasts, analyze variances, assess trends, and interpret cost, schedule, and commercial data.
  • Experience reviewing invoices, change orders, commercial proposals, or contract terms for accuracy and compliance.
  • Proficiency in project coordination across engineering, procurement, finance, and construction stakeholders.
  • Advanced attention to detail, problem‑solving capability, and ability to complete tasks with minimal guidance.
  • 3+ years of experience with construction project cost & schedule integration.
  • Strong communication and collaboration skills, with the ability to synthesize cost information for both technical and non‑technical audiences.
  • Ability to travel up to 10% of the time and work occasionally on active construction sites.
Preferred Qualifications
  • Construction or EPC project experience (internship or professional role highly desirable).
  • Experience with Earned Value Management (EVM), cost breakdown structures (CBS), and other project monitoring such as Cost Performance Index (CPI) monitoring.
  • Experience with Primavera P6 or Oracle Primavera Cloud.
  • Experience with cost management or ERP systems such as Eco Sys and Oracle Fusion.
  • Experience developing dashboards or data visualizations in Power BI or similar tools.
  • Relevant industry certifications such as AACE…
Position Requirements
10+ Years work experience
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