Project Cost Control, Cost Controls

LUMA Energy; San Juan (PR); On-site; USD 75,000 - 110,000; Full time

Job summary

LUMA Energy in Puerto Rico is seeking a Cost Controller to manage and analyze project costs across multiple initiatives, ensuring adherence to budgets and accuracy in reporting. The role partners with engineering, procurement, and construction teams to forecast costs and document variances.

Responsibilities include preparing variance reports, forecasting cost trends, identifying efficiency improvements, and maintaining compliance with applicable regulations.

Qualifications

• 3 years of experience in project accounting, cost monitoring, or cost control.
• Experience with EV analysis and cost forecasting is preferred.
• Experience in regulated utility or EPC environments is a plus.

Responsibilities

• Monitors project costs across multiple projects ensuring budget adherence and accuracy.
• Prepares periodic variance analyses to track performance and support decisions.
• Analyzes cost trends and forecasts to provide actionable insights for teams.
• Identifies inefficiencies and develops corrective strategies to improve cost control.
• Applies best practices to internal cost control standards and reporting quality.
• Ensures compliance with laws, policies and industry regulations.
• Supports storm restoration tasks and drills to ensure reliable service recovery.

Skills

Earned Value

Variance Analysis

Cost Control

Forecasting

Data Analysis

Excel

Power BI

Cross-functional Collaboration

English Communication

Education

Bachelor's degree in Business Administration, Finance, or related field

Tools

Excel

Power BI

Job description

Job Summary:

Manages and controls project costs by conducting cost and variance analyses throughout the project lifecycle while partnering with project teams to forecast, evaluate, and document costs and explain variances to ensure projects stay within budget and meet established standards.

Job Description:

• Monitors project costs across the different projects, ensuring budget adherence and financial accuracy.
• Prepares periodic variance analysis reports to track project performance progress, identify variances, and support informed decision-making.
• Analyzes cost trends and forecasts to support project teams with actionable insights, contributing to proactive budget management
• Identifies process inefficiencies impacting projects cost and develops corrective strategies, improving cost control reliability and consistency.
• Applies industry best practices to internal cost control standards, enhancing reporting quality and team alignment.
• Follows established company policies, procedures, and standards to ensure full compliance with applicable laws and industry regulations.
• Participates in storm restoration tasks and assigned drills to contribute to the safe and reliable recovery of services.
• Performs additional tasks aligned with role expectations and qualifications to support team goals and operational flexibility.

Additional Job Description:

Education

• Bachelor's degree in Business Administration, Finance, or related field from an accredited university.

Experience

• 3 years of experience in project accounting, cost monitoring, or cost control, preferably within a regulated utility or EPC (Engineering, Procurement, and Construction) environment.

Additional experience may substitute for required education when it aligns with the competencies and knowledge necessary for the role:

• Associate's degree in a relevant field may substitute when accompanied by a minimum of 5 years of experience in project cost control.

Competencies (Skills)

• Experience with Earned Value Management and Analysis in Project Cost and Progress Monitoring is preferred.
• Solid understanding of project lifecycle cost management, cost-control methodologies, earned value principles, and the integration of scope and cost.
• Highly organized, with strong time-management skills and the ability to manage multiple priorities in fast-paced, multi-project or portfolio environments.
• Strong attention to detail and commitment to data accuracy and documentation quality.
• Effective communication and collaboration skills, with experience working across cross-functional teams such as engineering, procurement, and construction.
• Experience in utility, infrastructure, or capital program environments, with preferred familiarity with FEMA or federally funded project requirements.
• Strong proficiency in Excel, Power BI, and other project-related financial tools.
• Strong analytical capabilities, including cost variance analysis, trend evaluation, progress assessment, and translating data into meaningful insights.
• Strong written and verbal English communication skills.

Licenses/Certifications

• Certified Cost Technician (CCT) is preferred.

Travel Requirements

• 20%

Physical Demands:

• Stationary Position: Constantly
• Pushing/ Pulling/ Reaching: Never
• Kneel: Never
• Grab: Never
• Bend: Never
• Lift/Carry over: 0 - 15 pounds

Working Conditions:

• Wet or humid: Never
• Working near or on moving mechanical parts: Never
• Working near or on heavy machinery: Never
• Working in high places: Never
• Exposed to fumes or airborne particles: Never
• Frequency of working in outdoor weather conditions: Never
• Work with electricity: Never
• Loud noise conditions: Never

LUMA Energy is an Equal Employment Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, protected veteran status, military status, disability, or any other characteristic protected by federal or local laws.