Cost Analyst

Overview  We’re looking for a Cost Analyst to join our team! In this role, you’ll work closely with both the project and accounting teams to help track costs, identify risks, and keep forecasts accurate as projects evolve.
This is a temporary 18‑month assignment.

Essential Duties & Responsibilities   Assess risks on the project and make recommendations.
Accumulate, audit and correlate information from all possible sources to produce cost reports such as Indicated Outcome Reports (IORs), Budget Analysis Reports (BARs), and/or cost‑audited BARs required for the project and prepare interpretive analysis where required.
Know the project’s contract with the Owner and Turner’s contractual rights.
Work with project accounting to ensure costs are posted to the ledger correctly.
Audit the budget report for accuracy and ensure that all costs posted to the ledger are accurately reflected within the budget report.
Work with the project team to correct the budget report.
Analyze current budget reports, holds and unboughts.
Assist the project team in preparing General Conditions, General Requirements, staff and labor projections to accurately forecast these costs (including accurately forecasting insurance and taxes).
Accurately reforecast projections for these studies as project conditions change.
Work with the project team to report and accurately forecast indicated outcomes of projects.
Prepare for and participate in Operations Review Meetings (ORMs) with Senior Business Unit Management.
Maintain complete knowledge of all general contract and subcontract documents, as well as the job estimate and its relationship to the Contract Documents.
Train and develop new Costs Analysts and project staff.
Visit jobsite(s) to evaluate project progress and conditions and review with project management.
Review current field conditions in trades and evaluate costs, Superintendent’s Instruction to Subcontractors (SISs), exposures, claims and recoveries.
Utilize specialized tools to create, analyze and evaluate project schedules.
Act as a bridge between Accounting and field staff.
Monitor and understand the cash position of the project.
Participate in the creation of the Payment Application and understand its connection with the Budget Report.
Understand the forecasting workbenches in SAP and be able to train field staff.
Ensure proper review of the contract and Peckar & Abramson checklist to be aware of the contractual risks we have assumed and their potential earnings impact, if any.
Be involved with Engineering and Finance to set up the proper Work Breakdown Structure (WBS) Element for the allocation of costs (via Project Setup).
Assist the project team in closing out a project and validate the final revenue before the final bill is submitted.
Ensure preparation of the final Cost Audited Budget Analysis Report/Indicated Outcome Report (CAB/IOR) to reconcile to the final contract value and cost.
Qualifications   Education in Accounting/Finance, Engineering, Construction Management or related field plus junior to intermediate Project Management experience or an equivalent combination of education, training and/or experience.
Strong forecasting skills with proven accuracy and accountability to meet submission deadlines.
Proven written and verbal communication abilities; proficiency with computer applications, including Microsoft Office Suite.
Ability to read, understand and interpret contract documents.
Demonstrated leadership and interpersonal skills.

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