Cost Analyst

Turner Construction Company; Chicago (IL); On-site; USD 90,000 - 120,000; Full time

Job summary

Turner Construction Company in Columbus, OH is seeking anExperienced Cost Analyst to prepare financial analyses, forecast costs, and review budgets for assigned projects. You will audit budgets, analyze variances, and coordinate with project teams to ensure accurate cost reporting.

The role requires a Bachelor's degree and 3+ years in construction finance, with strong MS Excel and financial systems skills. On-site work and collaboration with senior management are essential.

Qualifications

• Bachelor's Degree in Accounting, Finance, Engineering, Construction Management or related field and 3 years of related experience.
• High degree of organizational skills and exceptional attention to detail.
• Financial system applications proficiency and advanced MS Excel.
• Self-starter, adaptable, and able to operate with minimal supervision in a changing environment.
• Ability to exercise independent judgment and provide recommendations for resolution.
• Demonstrate leadership, teamwork and integrity, with strong communication skills.

Responsibilities

• Prepare financial analyses, reports, and audit forecasts to validate forecasted costs.
• Assess project financial risks and report plans to mitigate them.
• Accumulate, audit, and correlate information to produce BARs, CABs and related cost reports.
• Audit budgets, ensure costs are posted to ledger, and communicate findings.
• Analyze budget reports, forecasts, and field conditions to project costs accurately.
• Participate in ORM meetings with senior management and maintain contract document knowledge.
• Train and develop junior costs analysts and project staff.
• Review field conditions, SISs, exposures, claims and recoveries for cost impact.
• Monitor project cash position and assist with payment applications and budgeting.
• Ensure proper contract reviews and risk assessment with standard checklists.

Skills

Organizational skills

Attention to detail

Analytical thinking

Communication skills

Leadership

Self-starter

Problem solving

Education

Bachelor's Degree

Tools

MS Excel

Financial systems

Job description

• Division: Columbus Main
• Project Location(s): Columbus, OH 43215 USA
• Minimum Years Experience:
• Travel Involved:
• Job Type: Regular
• Job Classification: Experienced
• Education:
• Job Family: Finance
• Compensation: Salaried Exempt

Position Description:

Prepare financial analyses, reports, and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects.

Reports to:

When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.

Essential Duties & Responsibilities:

• Assess project financial risks and report project plan to mitigate risks.
• Accumulate, audit, and correlate information from all sources to produce required cost reports such as Budget Analysis Reports (BARs), special studies, and Cost-audited BARs (CABs); prepare interpretive analysis as required.
  • Know project contract with Owner and Turner's contractual rights.
  • Work with project accounting to ensure costs are posted correctly to ledger.
  • Audit budget report for accuracy and ensure it reflects all costs posted to ledger.
  • Provide budget audit findings and ensure project makes all corrections.
  • Analyze current budget reports, holds, and unboughts.
• Audit project forecast of General Conditions, General Requirements, staff and labor projections to accurately forecast costs.
• Audit project re-forecasted projections and studies as project conditions change.
• Participate in Operations Review Meetings (ORMs) with senior business unit management.
• Maintain complete knowledge of all general contract documents and relationship of job estimate to contract documents.
• Train and develop new Costs Analysts and project staff.
• Visit jobsites, evaluate project progress and conditions, and review findings with project management.
• Review current field conditions in trades and evaluate costs, Superintendent's Instruction to Subcontractors (SISs), exposures, claims and recoveries.
• Act as bridge between Accounting and field staff.
• Monitor and understand project cash position.
• Participate in Payment Application creation and understand connection with Budget Report.
• Understand and audit SAP forecasting workbenches.
• Ensure proper contract review, Contract Authorization (CA), and Peckar & Abramson checklist to understand business deal, assumed contractual risks, and potential earnings impact.
• Establish Work Breakdown Structure (WBS) Element for allocation of costs, work with Engineering and Finance.
• Prepare final Cost Audited Budget Analysis Report (CAB), reconcile to final contract value and cost.
• Validate final revenue before final bill submission.
• Other activities, duties, and responsibilities as assigned.

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Qualifications:

• Bachelor's Degree in Accounting, Finance, Engineering, Construction Management or related field, and 3 years of related experience, or equivalent combination of education and/or experience
• High degree of organizational skills and exceptional attention to detail
• Financial system applications proficiency and advanced MS Excel
• Self-starter, adaptable, and flexible to operate with minimal direction and/or supervision working in complex and changing environment
• Exercise independent judgment and discretion, ability to identify problems and make recommendations for resolution
• Demonstrate leadership, strong dedication to teamwork and integrity
• Professional written and verbal communication skills

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Performance of the required duties will require physical ability to climb permanent and temporary stairs, passenger use of construction personnel hoists, ability to climb ladders and negotiate work areas under construction. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, and the ability to adjust focus. Performing this job requires use of hands to finger, handle, or feel objects, tools or controls, sit, talk and hear, stand, climb, balance, stoop, kneel, crouch, or crawl. Employee must occasionally lift and/or move heavy weight.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee regularly works on-site at the construction work site where the employee is exposed to moving mechanical parts; high precarious places; fumes or airborne particles; outside weather conditions and risk of electrical shock. The noise in these work environments is usually moderate to very loud.

Turner is an Equal Opportunity Employer - race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other characteristics protected by applicable law.