Model Based Cost Estimator

Booz Allen Hamilton; Lexington (MA); On-site; USD 99,000 - 225,000; Full time

Job summary

Booz Allen Hamilton is seeking a Model Based Cost Estimator for its analytical team to support complex projects across industries. This role requires expertise in cost modeling tools and methodologies to create precise cost estimates for critical projects, ensuring government compliance and effective analysis in collaboration with cross-functional teams.

Benefits

Health benefits

Life and disability benefits

Financial and retirement benefits

Paid leave and professional development

Tuition assistance

Work-life programs

Qualifications

• 5+ years of experience in cost estimating and analysis.
• Proficiency in parametric cost modeling tools.
• Experience in statistical analysis and uncertainty modeling.

Responsibilities

• Develop comprehensive cost models for various projects.
• Perform cost risk analysis using Monte Carlo simulation.
• Present findings to clients and senior leadership.

Skills

Cost Estimation

Statistical Analysis

Data Modeling

Risk Analysis

Collaboration

Education

Bachelor’s degree in Economics

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Bachelor’s degree in Engineering

Tools

TruePlanning

SEER

PRICE

Job description

Your growth matters to us - explore our career development opportunities.

BE EMPOWERED TO SUCCEED

Connect with others in our people-first culture and enhance our collective ingenuity.

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YOUR CANDIDATE JOURNEY

Discover what to expect during your journey as a candidate with us.

Booz Allen is seeking an experienced Model Based Cost Estimator to join our analytical team supporting complex projects across multiple industries and client sectors. This role requires expertise in advanced cost modeling tools and methodologies to develop accurate, defensible cost estimates for critical client initiatives ranging from technology implementations to large-scale construction and infrastructure projects.

What You’ll Work On:

Develop comprehensive cost models using TruePlanning, SEER, or similar parametric cost estimating tools.

Create detailed cost estimates for complex projects including labor, materials, equipment, and overhead components.

Analyze historical cost data to develop and refine cost estimating relationships ( CERs ) .

Collaborate with project managers, engineers, and technical teams to gather requirements and validate assumptions.

Perform cost risk analysis and uncertainty quantification using Monte Carlo simulation and other statistical methods.

Support proposal development with accurate cost estimates and basis of estimate documentation.

Develop and maintain cost databases and estimating templates.

Present cost analysis findings to clients and senior leadership.

Ensure compliance with government cost estimating standards and best practices.

Support Earned Value Management System ( EVMS ) implementation and cost performance analysis.

Join us. The world can’t wait.

You Have:

5+ years of experience in cost estimating and analysis

Experience with parametric cost modeling tools such as TruePlanning, SEER-H, SEER-SEM, or PRICE

Experience in statistical analysis and data modeling techniques

Experience with cost risk analysis and uncertainty modeling

Knowledge of cost estimating methodologies, including parametric, analogous, and bottom-up approaches

Ability to work effectively in a collaborative, multi-disciplinary environment

Bachelor’s degree in Economics, Accounting, Finance, or Engineering

Nice If You Have:

Experience with Earned Value Management System ( EVMS )

Experience with construction cost estimating and analysis

Experience working with international teams and global cost considerations

Experience with federal government or DoD cost estimating requirements

Experience with Agile project costing methodologies

Knowledge of IT or technology project cost modeling

Knowledge of construction industry project cost modeling

Knowledge of additional tools such as Excel advanced functions, R, Python, or MATLAB

Possession of excellent analytical, problem-solving, communication, and presentation skills

Professional Certification such as Certified Cost Estimator/Analyst ( CCE/A ) Certification

Clearance:
Applicants selected will be subject to a security investigation and may need to meet eligibility requirements for access to classified information ; Secret clearance is required.

Compensation

At Booz Allen, we celebrate your contributions, provide you with opportunities and choices, and support your total well-being. Our offerings include health, life, disability, financial, and retirement benefits, as well as paid leave, professional development, tuition assistance, work-life programs, and dependent care. Our recognition awards program acknowledges employees for exceptional performance and superior demonstration of our values. Full-time and part-time employees working at least 20 hours a week on a regular basis are eligible to participate in Booz Allen’s benefit programs. Individuals that do not meet the threshold are only eligible for select offerings, not inclusive of health benefits. We encourage you to learn more about our total benefits by visiting the Resource page on our Careers site and reviewing Our Employee Benefits page.

Salary at Booz Allen is determined by various factors, including but not limited to location, the individual’s particular combination of education, knowledge, skills, competencies, and experience, as well as contract-specific affordability and organizational requirements. The projected compensation range for this position is $99,000.00 to $225,000.00 (annualized USD). The estimate displayed represents the typical salary range for this position and is just one component of Booz Allen’s total compensation package for employees. This posting will close within 90 days from the Posting Date.

Model Based Cost Estimator

The Opportunity:

Booz Allen is seeking an experienced Model Based Cost Estimator to join our analytical team supporting complex projects across multiple industries and client sectors. This role requires expertise in advanced cost modeling tools and methodologies to develop accurate, defensible cost estimates for critical client initiatives ranging from technology implementations to large-scale construction and infrastructure projects.

What You’ll Work On:

• Develop comprehensive cost models using TruePlanning, SEER, or similar parametric cost estimating tools.

• Create detailed cost estimates for complex projects including labor, materials, equipment, and overhead components.

• Analyze historical cost data to develop and refine cost estimating relationships ( CERs ) .

• Collaborate with project managers, engineers, and technical teams to gather requirements and validate assumptions.

• Perform cost risk analysis and uncertainty quantification using Monte Carlo simulation and other statistical methods.

• Support proposal development with accurate cost estimates and basis of estimate documentation.

• Develop and maintain cost databases and estimating templates.

• Present cost analysis findings to clients and senior leadership.

• Ensure compliance with government cost estimating standards and best practices.

• Support Earned Value Management System ( EVMS ) implementation and cost performance analysis.

Join us. The world can’t wait.

You Have:

• 5+ years of experience in cost estimating and analysis

• Experience with parametric cost modeling tools such as TruePlanning, SEER-H, SEER-SEM, or PRICE

• Experience in statistical analysis and data modeling techniques

• Experience with cost risk analysis and uncertainty modeling

• Knowledge of cost estimating methodologies, including parametric, analogous, and bottom-up approaches

• Ability to work effectively in a collaborative, multi-disciplinary environment

• Secret clearance

• Bachelor’s degree in Economics, Accounting, Finance, or Engineering

Nice If You Have:

• Experience with Earned Value Management System ( EVMS )

• Experience with construction cost estimating and analysis

• Experience working with international teams and global cost considerations

• Experience with federal government or DoD cost estimating requirements

• Experience with Agile project costing methodologies

• Knowledge of IT or technology project cost modeling

• Knowledge of construction industry project cost modeling

• Knowledge of additional tools such as Excel advanced functions, R, Python, or MATLAB

• Possession of excellent analytical, problem-solving, communication, and presentation skills

• Professional Certification such as Certified Cost Estimator/Analyst ( CCE/A ) Certification

Clearance:
Applicants selected will be subject to a security investigation and may need to meet eligibility requirements for access to classified information ; Secret clearance is required.

Compensation

At Booz Allen, we celebrate your contributions, provide you with opportunities and choices, and support your total well-being. Our offerings include health, life, disability, financial, and retirement benefits, as well as paid leave, professional development, tuition assistance, work-life programs, and dependent care. Our recognition awards program acknowledges employees for exceptional performance and superior demonstration of our values. Full-time and part-time employees working at least 20 hours a week on a regular basis are eligible to participate in Booz Allen’s benefit programs. Individuals that do not meet the threshold are only eligible for select offerings, not inclusive of health benefits. We encourage you to learn more about our total benefits by visiting the Resource page on our Careers site and reviewing Our Employee Benefits page.

Salary at Booz Allen is determined by various factors, including but not limited to location, the individual’s particular combination of education, knowledge, skills, competencies, and experience, as well as contract-specific affordability and organizational requirements. The projected compensation range for this position is $99,000.00 to $225,000.00 (annualized USD). The estimate displayed represents the typical salary range for this position and is just one component of Booz Allen’s total compensation package for employees. This posting will close within 90 days from the Posting Date.

Identity Statement

As part of the application process, you are expected to be on camera during interviews and assessments. We reserve the right to take your picture to verify your identity and prevent fraud.

Work Model
Our people-first culture prioritizes the benefits of flexibility and collaboration, whether that happens in person or remotely.

• If this position is listed as remote or hybrid, you’ll periodically work from a Booz Allen or client site facility.
• If this position is listed as onsite, you’ll work with colleagues and clients in person, as needed for the specific role.

Commitment to Non-Discrimination

All qualified applicants will receive consideration for employment without regard to disability, status as a protected veteran or any other status protected by applicable federal, state, local, or international law.