Industrial Project Cost Analyst - Budget & Forecasting

ITAC; New Haven (CT); On-site; USD 66,000 - 90,000; Full time

Benefits offered by this job

Health, Vision, and Dental Insurance

401k & ESOP

Life Insurance

Short & Long-Term Disability

Paid Time Off

Paid Holidays

Employee Assistance Program

Professional Development

Wellness Program

Safety Incentive Program

24/7 Chaplain Care

Job summary

ITAC is seeking a Project Cost Analyst to support a portfolio of capital projects within an active manufacturing environment. You will monitor, analyze, and report project costs, collaborating with project managers, engineers, procurement, and leadership to ensure projects stay within budget.

The role requires budgeting, forecasting, and cost-tracking expertise, with a focus on delivering reliable financial insights and maintaining compliance with company standards.

Qualifications

• Bachelor's degree in Finance, Accounting, Engineering, or related field with 5 years of cost control experience.
• Alternatively, 10+ years of relevant experience without a degree.
• Experience supporting capital projects in manufacturing or construction.
• Strong budgeting, forecasting, variance analysis, and financial reporting.
• Advanced Excel and MS Office proficiency.
• Ability to manage multiple priorities in a fast-paced project environment.

Responsibilities

• Develop and maintain project budgets, cost forecasts, and cash flow projections for factory transformation and capital improvement projects.
• Track, analyze, and report project expenditures against approved budgets and forecasts.
• Monitor project cost performance and identify variances, trends, and potential budget risks.
• Prepare cost reports, financial summaries, and project performance metrics for project teams and leadership.
• Support project managers in evaluating budget impacts related to scope changes, schedule changes, and unforeseen project conditions.
• Review contractor invoices, purchase orders, and project-related expenses to ensure accuracy and alignment with project budgets.
• Coordinate with procurement, accounting, and project teams to reconcile project costs and commitments.
• Assist in the development of cost estimates and budget planning for upcoming projects and project phases.
• Track committed costs, actual costs, accruals, and forecasted expenditures throughout the project lifetime.
• Identify opportunities for cost savings and improved financial performance.
• Ensure project cost data is accurate, current, and properly documented in accordance with company standards.
• Support project audits and provide financial documentation as required

Skills

Budgeting

Forecasting

Cost tracking

Variance analysis

Financial reporting

Excel proficient

Project cost control

Communication

Education

Bachelor's degree in Finance/Accounting/Eng/Business

10+ years experience without a degree

Tools

ERP systems

Cost management software

Reporting tools

Job description

ITAC is seeking a Project Cost Analyst to support a portfolio of capital projects within an active manufacturing environment. You will monitor, analyze, and report project costs, collaborating with project managers, engineers, procurement, and leadership to ensure projects stay within budget.

The role requires budgeting, forecasting, and cost-tracking expertise, with a focus on delivering reliable financial insights and maintaining compliance with company standards.