Cost Analyst – New Unit Projects

Role Overview

• 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
• tuition assistance
• adoption assistance
• paid parental leave
• disability benefits
• life insurance
• 12 paid holidays
• permissive time off