Cost Analyst

Insight Global; Baytown (TX); On-site; USD 70,000 - 100,000; Full time

Job summary

Insight Global is seeking a Cost Controls Analyst to join the Baytown team to support CPChem projects (MEJ/OPEX and Capital). The role focuses on cost forecasting, budget management for CPL-supported operations and capital projects, and close collaboration with Operations, Project Managers, and Finance for accurate reporting.

The analyst will develop monthly forecasts, monitor ACWP against budgets, and drive transparency through dashboards using Excel, Power BI, and SAP, enabling informed

Qualifications

• Experience in cost controls for oil & gas or EPC projects.
• Strong analytical skills and attention to detail.
• Excellent communication and cross-functional collaboration abilities.

Responsibilities

• Develop and maintain monthly OPEX and capital forecasts with variance analysis.
• Track ACWP and compare to budget to enable accruals and reporting.
• Identify cost trends, risks, and opportunities; communicate deviations.
• Support cash flow forecasting and timing of project spend.
• Assist with annual budgeting and Business Planning (BPLAN) development.
• Maintain WBS structures and estimates with project managers; support AFE/AFD processes.

Skills

Cost forecasting

Budgeting

Variance analysis

Financial reporting

Forecasting accuracy

Cross-functional collaboration

Tools

Excel

Power BI

SAP

Job description

A top oil & gas customer is seeking a Cost Controls Analyst to join their Baytown team to support CPChem projects (MEJ/OPEX and Capital). This individual is responsible for cost forecasting and budget management for CPL-supported operations and capital projects. This role partners closely with Operations, Project Managers, and Finance to ensure accurate cost reporting, disciplined forecasting, and alignment with CPChem financial expectations. The analyst plays a critical role in maintaining cost visibility across OPEX and capital spend, supporting business planning (BPLAN), and enabling informed decision-making through reliable financial data.

Key Responsibilities:

Cost Management & Forecasting

• Develop and maintain monthly OPEX and capital forecasts, including variance analysis and year-end outlooks
• Track Actual Cost of Work Performed (ACWP) and compare against budget and forecast enabling booking of accruals for CPChem finance.
• Identify cost trends, risks, and opportunities; proactively communicate deviations
• Support cash flow forecasting and timing of project spend

Budgeting & Business Planning (BPLAN)

• Support annual BPLAN development for CPChem operations and capital programs
• Validate cost assumptions and contractor/labor forecasts
• Ensure consistency between BPLAN, forecasts, and actuals

Capital Project Cost Controls

• Partner with Project Managers to establish and maintain WBS structures and cost estimates
• Support AFE/AFD development, supplements, and approvals
• Ensure alignment between funding requests, estimates, and reported costs
• Facilitate monthly cost review meetings with project teams and stakeholders
• Support project close-out activities for OPEX and capital projects

Reporting & Analysis

• Deliver monthly cost performance reports to operations leadership and CPChem stakeholders
• Provide variance explanations and actionable insights
• Develop dashboards and reporting tools (e.g., Excel, Power BI, SAP) to improve transparency
• Support ad hoc financial analysis for operational and strategic decisions as requested by CPChem cost controls and finance

Cost Discipline & Process Improvement

• Promote standardized cost control practices across CPChem projects and operations
• Drive improvements in forecast accuracy, reporting consistency, and data quality
• Ensure compliance with internal controls and financial governance requirements