Project Cost Analyst

Leader Energy Group Berhad; Penang; On-site; MYR 60,000 - 80,000; Full time

Job summary

A leading renewable energy company in Penang seeks a Project Cost Analyst to support financial planning, cost control, and performance monitoring of renewable energy projects. You will develop and track budgets, provide financial insights, and ensure compliance with relevant requirements. The ideal candidate has a Bachelor’s degree and 4–6 years of relevant experience in project finance or cost control, particularly within the renewable energy sector.

Qualifications

• 4–6 years of experience in project cost control, project finance, or related roles.
• Knowledge of project management principles and cost estimation.
• Familiarity with renewable energy project lifecycles is an advantage.

Responsibilities

• Develop and monitor project budgets, forecasts, and cash flow plans.
• Track actual project costs against budgeted values and identify variances.
• Prepare periodic financial and cost performance reports for stakeholders.

Skills

Analytical skills

Financial modeling

Communication skills

Stakeholder management

Detail-oriented

Education

Bachelor’s degree in Accounting, Finance, Economics, Quantity Surveying, Engineering

Tools

Excel

Power BI

Job description

The Project Cost Analyst will play a key role in supporting the financial planning, cost control, and performance monitoring of renewable energy projects (solar, wind, BESS, and other clean energy initiatives). The role involves analyzing project budgets, tracking expenditures, preparing cost reports, and collaborating with project teams to ensure projects are delivered within budget, on schedule, and in compliance with contractual and regulatory requirements.

Responsibilities

• Cost Management & Analysis
  • Develop, review, and monitor project budgets, forecasts, and cash flow plans.
  • Track actual project costs against budgeted values and identify variances.
  • Provide timely cost reports and dashboards to Project Managers and Senior Management.
  • Conduct variance analysis and recommend corrective actions to mitigate risks.
  • Support the evaluation of project financial feasibility and ROI for new tenders and ongoing projects.
• Project Support
  • Collaborate with engineering, procurement, and construction teams to collect and validate cost data.
  • Assist in developing cost estimates for proposals, tenders, and change orders.
  • Support project scheduling and resource planning from a financial perspective.
  • Participate in project review meetings, providing financial and cost-related insights.
• Compliance & Reporting
  • Ensure cost reporting aligns with internal policies, contractual terms, and external audit requirements.
  • Prepare periodic financial and cost performance reports for internal and external stakeholders.
  • Support risk management activities by identifying cost-related risks and opportunities.
  • Recommend process improvements to enhance project cost efficiency and accuracy.
  • Support implementation of cost control systems, tools, and digital platforms for better financial tracking.

Qualifications & Requirements

• Bachelor’s degree in Accounting, Finance, Economics, Quantity Surveying, Engineering, or related field.
• 4–6 years of experience in project cost control, project finance, or related roles (renewable energy, power, construction, or EPC industry preferred).
• Strong analytical and financial modeling skills (Excel, Power BI, or other tools).
• Knowledge of project management principles, cost estimation, and variance analysis.
• Familiarity with renewable energy project lifecycles (Solar, Wind, BESS) is an advantage.
• Excellent communication and stakeholder management skills.
• Detail-oriented, proactive, and able to work under tight timelines.