Cost Analyst - Unit Projects

Job Description Summary

Join Our Mission in Energy Transition and Unlock Growth Opportunities!

Are you a detail-oriented professional with a passion for cost management and project optimization?

We are seeking a skilled Project Cost Analyst to join our innovative team dedicated to driving the energy transition forward. In this role, you will play a crucial part in ensuring the financial success of our projects from inception to completion, contributing to sustainable growth and a greener future.

GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life. If we want our energy future to be different…we must be different.

We have an immediate need for a Cost Analyst in our New Unit Projects division with Primary location Atlanta

In this role you will be responsible for driving cross functional cost reviews from budget at handover through completion of a new unit project. The following activities will part of the responsibilities of the cost analyst on multiple projects in parallel.

The following activities will part of the responsibilities of the cost analyst on multiple projects in parallel:

• Cost tracking

• Development of cost execution plans (e.g., cost curves) by functions

• Run weekly and monthly detailed cost reports by project scope

• Monitor budget line items on weekly basis and identify variances above a threshold that should be escalated for mitigation

• Maintain budget version control to ensure agreed budget changes are updated in budget forecast

• Work with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders

• Work with scheduler to ensure project schedule aligned with cost curves

• Support Bill of Quantity (BOQ) quantity tracking tied to unit costs (vs budget and latest forecast)

• Work with business to prepare for PMR reviews on quarterly/bi-annual basis

• Monitor/track CTC spend/release - leading indicators

• Provide feedback to Sales/ITO/IPM on lessons learned for future bids/budgets - current gap

Minimize leakage and protect project margin

• Run risk & opportunity analysis

• Monitor project risks and follow up on action plans

• Conduct ad-hoc analyses on estimating headwinds cost implications

• Identify root cause of cost overruns and suggest mitigation plans

• Partner cross functional to execute mitigation plans

Change order & Claim analysis support

• Coordinate functional estimates for change order cost

• Track variance to budget of approved change orders (actual vs planned spend)

Process management & set up

• Support creation & implementation of new cost controlling mechanism & structure

• Execute process improvement actions

• Identify operational rhythm and coordinate functional alignment

• Bachelors degree in engineering, finance, or related technical major or equivalent experience

• Minimum 5 years work experience in Cost Management, Project Management, Engineering or equivalent type experience / industry

• Only candidates with experience in the following industries will be considered:
  Power/Energy, Utilities, Manufacturing, Power Plant Infrastructure /Construction

Proven detailed cost analytics experience

• Ability to support multiple internal customers and partners with competing priorities in a matrixed environment, Experience collaborating with multiple functions such as engineering, sourcing, manufacturing, projects and logistics

• Demonstrated clear thinking, inclusiveness, collaboration skills, and organization

• Root cause analysis and mitigation experience

• Finance experience

• Demonstrated ability to simultaneously manage multiple projects and other responsibilities, adjust to changing priorities and to make decisions with speed and accuracy based on available information

• Ability to support multiple internal customers and partners with competing priorities in a matrixed environment,

• Excellent communicator (written and verbal presentations ), with Excellent interpersonal skills

• High say/do ratio

GE Gas Power engineers cleaner,…