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Specialist , Cost

Job in Houston, Harris County, Texas, 77246, USA
Listing for: Phillips 66 Company
Full Time position
Listed on 2026-09-30
Job specializations:
  • Accounting
    Financial Analyst, Cost Accountant, Financial Reporting
Salary/Wage Range or Industry Benchmark: 96300 - 117700 USD Yearly USD 96300.00 117700.00 YEAR
Job Description & How to Apply Below

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At Phillips 66, we care about the whole person. That means providing access to quality programs, resources and care that support you and your family. We believe well-being — physical, emotional, social and financial — plays an important role in helping our people thrive. When our employees are supported at every stage of life, they’re empowered to do their best work and make a meaningful impact, both personally and professionally.

Phillips

66 & YOU
- Together we can fuel the future

As a Specialist, Cost
, you will support the effective control and reporting of capital project costs supporting multiple Refineries. You will maintain reliable cost information, support budgets and forecasts, monitor commitments and actual costs, and provide timely analysis that helps project teams and leadership understand performance and act on risks and opportunities. Working across engineering, procurement, construction, project management, scheduling, accounting, and contractor interfaces, you will help promote accurate, consistent, forward-looking project controls.

What

You'll Do
  • Manage assigned cost-control activities for a portfolio of capital projects or project areas, applying approved project-controls procedures, standards, and reporting requirements.
  • Prepare, maintain, and analyze project cost estimates, budgets, forecasts, and reports, including labor projections, reallocations, forecasts at completion, accruals, cash-flow views, trend analyses, and variance explanations.
  • Support project setup and maintenance in SAP, Eco Sys, or other approved project-controls systems, including alignment of work breakdown structure (WBS) elements, networks, budgets, commitments, actuals, and reporting structures.
  • Prepare and analyze costings for construction, maintenance, or improvement work, including materials, quantities, and labor time.
  • Monitor purchase orders, commitments, invoices, actual costs, accruals, approved changes, and remaining work; reconcile information and identify issues early to improve forecast accuracy.
  • Analyze project performance against approved budgets, current forecasts, and prior forecasts; explain cost drivers, variances, over-runs, risks, and opportunities, and recommend corrective actions to project leaders.
  • Coordinate with project managers, senior cost specialists, schedulers, procurement, accounting, engineering, construction contractors, and other stakeholders to collect, validate, and reconcile cost and progress information.
  • Coordinate with planning and scheduling personnel to understand progress, earned value or work-in-place information, schedule impacts, and implications for cost forecasts.
  • Support change management, contingency tracking, cost‑reduction initiatives, and risk mitigation by evaluating scope, schedule, and cost impacts.
  • Prepare project review reports, presentations, special reports, and other complex documents; summarize data clearly using standard office applications.
  • Maintain accurate project documentation and data quality; support internal controls, audits, project closeout, regulatory and policy compliance, and continuous improvement of cost‑control processes.
  • Build knowledge of relevant technology, external regulations, and industry practices through ongoing education and training, and identify practical ways to improve cost‑control methods and reporting.
What You'll Bring
- Required
  • Legally authorized to work in the United States
  • 7 months or more of experience working with straightforward procedures or systems in project controls, cost control, cost analysis, budgeting, forecasting, accounting, or a related area
  • Working knowledge of project cost‑control practices, including budgets, work breakdown structures, forecasting,…
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