Project Cost Analyst

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

Benefits offered by this job

401k & ESOP

Health, Vision, and Dental Insurance

Paid Time Off

Paid Holidays

Professional Development

Job summary

ITAC seeks a Project Cost Analyst to support a portfolio of capital projects in a manufacturing environment. You will monitor, analyze, and report costs for capital and operational projects, collaborating with project managers, engineers, procurement, and leadership to keep projects within budget.

The role requires strong budgeting, forecasting, cost-tracking, and financial reporting skills, with experience in factory transformation and capital projects.

Qualifications

• Bachelor's degree with 5 years of project cost control experience, or 10+ years without a degree.
• Experience in budgeting, forecasting, cost tracking, variance analysis and financial reporting.
• Experience supporting capital projects in manufacturing/industrial environments.
• Advanced proficiency in Microsoft Excel and other MS Office apps.
• Strong communication and organizational skills.

Responsibilities

• Develop and maintain project budgets, forecasts, and cash flow for factory projects.
• Track expenditures against budgets and forecasts and report variances.
• Monitor cost performance and identify budget risks.
• Prepare financial summaries and performance metrics for leadership.
• Support cost analysis for scope, schedule changes and conditions.
• Review contractor invoices and align costs with budgets.
• Coordinate with procurement, accounting, and project teams on costs.
• Assist in cost estimates and budgeting for future projects.
• Track committed costs, actuals, accruals, and forecasts.
• Identify cost-saving opportunities and ensure accurate data.
• Support audits with required financial documentation.

Skills

Advanced Excel

Analytical thinking

Communication skills

Project cost control

Education

Bachelor's degree in Finance, Accounting, Business Administration, Engineering, Construction Management

10+ years of relevant experience without a degree

Tools

ERP systems

Project cost management software

Job description

ITAC serves Process & Industrial clients with integrated engineering and construction services for complex capital projects. We also offer specialty services including power systems services and products, custom machine fabrication, and fall protection services and equipment. Founded in 1988 on a dream and a $5K loan, ITAC is a true success story. From humble beginnings to an ENR-Ranked Top Design Firm with a nationwide footprint and over 500 employees operating from 6 offices in Virginia, North Carolina and South Carolina, we provide Fortune 500 companies with innovative design-build solutions. We specialize in power generation & utilities, chemicals, food & beverage, forest products, advanced manufacturing, and minerals & metals.

ITAC’s purpose is to make life better. For our employees, this means providing them with the resources and flexibility they need to have both a rewarding career and a fulfilling family life. ITAC is 100% employee-owned. Through our Employee Stock Ownership Plan (ESOP) and Direct Stock Ownership, every team member has the unique opportunity to be an owner who shares in the company’s growth and earnings. We offer our team a comprehensive benefits package and numerous employee incentives. Rooted in love, we serve and care for our employees like family.

We hire passionate and motivated people with an innovative mindset and the desire to grow. If the thought of challenging, fast-paced projects excites you, then you’ve come to the right place. At ITAC, you’ll be part of a collaborative team that works hard to make life better. For more information, visit itac.us.com.

This is a seconded position, meaning the selected candidate will be employed by ITAC but work full-time on assignment with one of our clients. While day-to-day responsibilities will be managed on-site with the client, ITAC provides ongoing support, resources, and benefits as your employer. This position is full time contract work anticipated to last 6 months with potential to direct hire with the client. The position will also require the employee work onsite at the client’s West Haven, CT, and/or Piscataway, NJ location.

Overview

We are seeking a Project Cost Analyst to support a Client’s portfolio of capital projects within an active manufacturing environment. This role will be responsible for monitoring, analyzing, and reporting project costs associated with capital and operational projects within an active manufacturing environment. The ideal candidate will have experience supporting industrial projects through budgeting, forecasting, cost tracking, and financial reporting while working closely with project managers, engineers, procurement teams, and leadership to ensure projects are delivered within budget.

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 lifecycle.
• 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.

• Bachelor's degree in Finance, Accounting, Business Administration, Engineering, Construction Management, or a related field along with 5 years of relevant experience in project cost control, project accounting, or financial analysis within a manufacturing, industrial, engineering, or construction environment, OR at least 10 years of relevant experience without a degree.
• Relevant experience supporting capital projects, manufacturing projects, or industrial facility improvement initiatives.
• Strong understanding of budgeting, forecasting, cost tracking, variance analysis, and financial reporting.
• Experience analyzing project performance and providing recommendations based on financial data.
• Advanced proficiency in Microsoft Excel and proficiency with Microsoft Office Applications; Word, PowerPoint, Outlook, etc.
• Ability to manage multiple priorities and deadlines in a fast-paced project environment.
• Strong analytical, problem-solving, and organizational skills.
• Excellent verbal and written communication skills.

Preferred Skills

• Strong industrial manufacturing or heavy industrial project background.
• Experience supporting factory transformation, plant expansion, equipment installation, or facility modernization projects.
• Knowledge of project controls principles, earned value management (EVM), and cost forecasting methodologies.
• Experience with ERP systems, project cost management software, and reporting tools.
• Understanding of procurement processes, contract management, and capital project accounting.
• Experience collaborating with engineering, procurement, construction, and operations teams on large-scale industrial projects.

From internships to seasoned professionals, our growing company provides career opportunities for all levels of experience. We offer our team a comprehensive benefits package and numerous employee incentives. For life’s challenges, we also provide our employees and their immediate families with certified chaplains for around-the-clock encouragement and support. Rooted in love, we serve and care for our employees like family. ITAC provides benefits such as

• 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

The typical base salary range for this position is between $66,000-$90,000