Project Cost Controls Analyst – IT Projects

Role: IT Project Cost Controls Analyst

Location: Houston, TX (Downtown)

Assignment Type: Long-Term Contract (12 Months)

Compensation: $93,600 - $152,533 / year

Work Schedule: Onsite, Monday-Friday

Benefits: This position is eligible for medical, dental, vision, and 401(k).

Addison Group is seeking an experienced IT Project Cost Controls Analyst to support financial planning, budgeting, forecasting, and cost management for a portfolio of technology initiatives within a large enterprise environment.

This individual will work closely with technology delivery teams, Finance, Procurement, and project leadership to provide accurate financial visibility throughout the project lifecycle.

The ideal candidate combines strong financial analysis and project cost control experience with a practical understanding of IT projects, technology spending, and project delivery methodologies.

The IT Project Cost Controls Analyst will be responsible for monitoring project budgets, tracking actual expenditures, developing financial forecasts, and identifying cost variances across IT initiatives.

This role requires hands‑on experience managing project financial data, building financial models, and communicating financial performance to project managers and business stakeholders.

• Develop and maintain detailed project cost plans covering labor, contractors, software licensing, cloud services, infrastructure, and external vendors.
• Monitor project spending, run rates, and burn rates against approved budgets.
• Prepare and maintain project financial forecasts, including Estimate at Completion (EAC).
• Perform budget-to-actual and forecast variance analysis, identifying cost drivers and potential financial risks.
• Evaluate financial impacts of scope changes, project delays, and budget adjustments.
• Partner with IT Project Managers and delivery teams to align financial reporting with project schedules and milestones.
• Track and validate vendor invoices, purchase orders, statements of work, and contractual commitments.
• Support financial planning and reporting for software, SaaS, cloud, and consulting expenditures.
• Develop and maintain Excel-based financial models, reports, and dashboards.
• Support financial governance, documentation, audits, and project closeout activities.
• Communicate financial performance, forecast changes, and budget risks to project stakeholders.

• Bachelor's degree in Accounting, Finance, Business, or a related field.
• Approximately 3-6 years of experience in project cost controls, project financial analysis, or related financial management.
• Hands‑on experience tracking project budgets, actual expenditures, forecasts, and cost variances.
• Advanced Microsoft Excel proficiency, including pivot tables, complex formulas, and financial modeling.
• Understanding of IT project cost structures, including labor, contractor expenses, software licensing, SaaS, and infrastructure.
• Ability to analyze financial data, identify discrepancies, and communicate findings to project stakeholders.
• Strong organizational skills, attention to detail, and ability to manage competing priorities.
• Strong written and verbal communication skills.

• Experience supporting financial management or cost controls for IT projects or technology portfolios.
• Experience with SAP and IBM Cognos TM1.
• Familiarity with Agile, Waterfall, or hybrid project delivery environments.
• Experience working within an IT PMO, IT Finance, or technology portfolio management organization.
• Familiarity with IT demand management and portfolio planning processes.

• Opportunity to support enterprise-scale technology initiatives.
• Exposure to complex project portfolios and cross-functional teams.
• Collabo…