Cost Controller

Cornerstone Concilium, Inc.; Baltimore (MD); Hybrid; USD 90,000 - 150,000; Full time

Job summary

Cornerstone Concilium, Inc. in Baltimore, MD, seeks a senior Cost Controls professional to manage budgets, forecasts, and cost reporting for complex projects.

The role requires 10+ years, a bachelor’s degree, expert Excel, and experience with PMIS/cost systems. The position is full-time, hybrid, with at least three days in the Integrated Program office in Baltimore.

Qualifications

• Bachelor’s degree in business administration, engineering, finance or related discipline; equivalent mix of education and training.
• 10+ years of experience required.
• Attention to detail, good communication, and strong problem-solving skills.
• Expert with MS Excel.
• Experience with project management software or cost control systems.

Responsibilities

• Cost controls for Budget, Actual Cost, Commitments, Forecasting ETC/EAC, and Budget Changes.
• Manage and ensure accuracy of package and project budgets, contingency, and related changes.
• Manage package/project actual costs and accruals monthly.
• Manage package/project forecasts monthly.
• Analyze cost data to identify trends and potential impacts.
• Measure package progress and forecast with Scheduling team including time-phasing.
• Support Change Management by collecting cost impacts and coordinating with Estimating.
• Identify cost-saving opportunities and mitigate financial risks with risk management.
• Review contractor invoices for contract compliance with financial clauses.
• Support Commercial Managers/Contract Admins with contract changes and accruals.
• Lead Cost Reporting at the Package level including variance analysis.
• Maintain cost control system and follow cost management procedures.
• Perform cost control activities within PMIS Cost Controls.
• Coordinate with Commercial to align PMIS Cost Controls and Contracts modules.
• Support the Program Budget Manager and other stakeholders with budgets, commitments, accruals, actuals, and forecast costs.

Skills

MS Excel

Cost control

PM software

Attention to detail

Communication

Problem solving

Education

Bachelor’s Degree in Business Administration, Engineering, Finance, or relevant discipline

Tools

PMIS

Cost management software

Job description

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• This position performs Cost Controls activities relating to Budget, Actual Cost, Commitments, Forecasting ETC/EAC, and Budget Changes.
• Manage and ensure accuracy of package and project level budgets and contingency, and any changes related to both.
• Manage and ensure accuracy of package and project level actual costs and accruals monthly.
• Manage and ensure accuracy of package and project level Forecasts monthly.
• Manage and analyze cost data to identify trends and potential impacts.
• Measure and analyze package progress and forecast in conjunction with the Scheduling team including Time-phasing budgets and forecasts.
• Support the Change Management process by collecting cost impacts for potential changes.
• Support the Change Management process by working with Estimating to ensure all cost impacts are captured.
• Support the package by identifying cost-saving opportunities and mitigating financial risks in coordination with the risk management team.
• Reviews contractor invoices for contract compliance with financial clauses including expenses and rates.
• Support the Commercial Mgr./Contract Admins with impacts of changes to contracts and purchase orders, invoice reviews, and accruals validation.
• Support the monthly reporting process by leading Cost Reporting at the Package-level including developing and presenting variance analysis.
• Maintains the cost control system and follows cost management procedures.
• Performs cost control activities within the Project Management Information System (PMIS) Control Module.
• Coordinates with the Commercial team to maintain alignment between the PMIS Cost Controls and Contracts modules.
• The role supports the Program Budget Manager, Commercial Managers, Contract Admins, Project Managers, Project Directors, and Amtrak Finance in collecting and reporting on budgets, commitments, accruals, actuals, and forecast costs.

Preferred Qualification:

• Bachelor’s Degree in Business Administration, Engineering, Finance, Accounting, or relevant discipline, or, equivalent combination of post – secondary education and training
• 10 Minimum Years of Experience required
• Attention to detail, good communication skills, and good problem-solving skills.
• Expert with MS Excel
• Experience with project management software or cost control systems

Full time position

Minimum 3 days in person per week at Integrated Program office in Baltimore, MD