responsible for driving cross functional cost reviews from budget at handover through completion of a new unit project
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)
support creation & implementation of new cost controlling mechanism & structure
execute process improvement actions
identify operational rhythm and coordinate functional alignment
Requirements
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
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
excellent communicator (written and verbal presentations), with excellent interpersonal skills
high say/do ratio
Benefits
medical, dental, vision, and prescription drug coverage
access to Health Coach from GE Vernova, a 24/7 nurse-based resource
access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling, and referral services
GE Vernova Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions
access to Fidelity resources and financial planning consultants