Risk Cost Analyst

Luster National; Mill Valley (CA); On-site; USD 90,000 - 125,000; Full time

Benefits offered by this job

Unlimited flexible time off

Paid holidays

Paid parental leave

Health, dental, and vision insurance

Flexible spending accounts

Job summary

Luster National is seeking a Cost Analyst (w/Risk Focus) to support the project controls and program finance office on a large-scale rail transit program. The role sits in the owner’s risk and cost management function, gathering data from contractors and consultants to build cost and scenario models and craft the program's risk and contingency picture.

The position is long-term, full-time, on-site in Sacramento, CA, requiring collaboration with senior staff across controls, estimating, and

Qualifications

• Bachelor’s degree in engineering, construction management, finance, business, or related field, or equivalent combination of education and experience.
• 3+ years of experience in risk, cost, or project support roles on large (>$500M), complex, heavy‑civil infrastructure projects in passenger transit (bus or rail) or transportation sectors.
• Familiarity with risk management and cost analysis concepts, including qualitative and quantitative analyses such as cost modeling and scenario analysis.
• Experience supporting risk mitigation strategy development with project controls, estimating, and scheduling teams.
• Experience maintaining risk registers and cost forecasts.
• Familiarity with risk and cost management tools (e.g. @Risk, Primavera Risk Analysis, Deltek Acumen, Safran Risk, Excel).
• Proficiency with Microsoft Office Suite/Office 365.

Responsibilities

• Collect and validate cost and risk data from contractors, designers, and program teams.
• Analyze cost drivers, escalation trends, and market conditions affecting budgets and risk exposure.
• Develop preliminary cost models, scenario analyses, and probabilistic risk outputs.
• Integrate risk analysis results into cost estimates, forecasts, and contingency positions.
• Track risk mitigation actions to closure with project controls, estimating, and scheduling teams.
• Maintain the program risk register and supporting cost documentation for auditability.
• Evaluate contractor and consultant risk submittals for completeness and consistency.
• Prepare risk and cost reports, dashboards, and briefing materials for senior analysts.

Skills

Cost analysis

Risk management

Data analysis

Excel

Power BI

Project controls

Communication

Education

Bachelor's degree in engineering/finance/business

Tools

Primavera Risk Analysis

Deltek Acumen

@Risk

Safran Risk

Excel

Job description

About The Position

We’re seeking a Cost Analyst (w/Risk Focus) to support the project controls and program finance office on a large‑scale rail transit program. You’ll sit inside the owner’s risk and cost management function, pulling data from contractors and consultants, building cost and scenario models, and turning that work into the risk and contingency picture program leadership relies on.

This is a long‑term, full‑time, on‑site position located in Sacramento, CA.

Responsibilities

may include, but are not limited to, the following:

• Collect and validate cost and risk data from contractors, designers, and program teams to support qualitative and quantitative risk analysis.
• Analyze cost drivers, escalation trends, and market conditions that affect program budgets and risk exposure, and flag emerging issues to senior risk and cost staff.
• Develop preliminary cost models, scenario analyses, and probabilistic risk outputs using established program methodologies.
• Integrate risk analysis results into cost estimates, forecasts, and contingency positions.
• Track risk mitigation actions to closure, coordinating with project controls, estimating, and scheduling teams to keep owners, dates, and cost impacts current.
• Maintain the program risk register and supporting cost documentation, so every analysis stays auditable and traceable.
• Evaluate contractor and consultant risk submittals for completeness, methodology, and consistency with program requirements.
• Prepare risk and cost reports, dashboards, and briefing materials for review by senior analysts and program leadership.

Attributes

• Excellent written and verbal communication and interpersonal skills.
• Excellent multi-tasking and organizational skills.
• Collaborative mindset that fosters teamwork, trust, and positive relationships.
• Natural curiosity, problem‑solving abilities, and a passion for continuous improvement.

Minimum Qualifications

• Bachelor’s degree in engineering, construction management, finance, business, or related field, or equivalent combination of education and experience.
• 3+ years of experience in risk, cost, or project support roles on large (>$500M), complex, heavy‑civil infrastructure projects in passenger transit (bus or rail) or transportation (highways, roads, or bridges) sectors.
• Familiarity with risk management and cost analysis concepts, including performing analyses using established qualitative and quantitative methods, such as cost modeling and scenario analysis.
• Familiarity with the support of risk mitigation strategy development and maintenance in collaboration with project controls, estimating, and scheduling teams.
• Demonstrated success maintaining risk registers and cost forecasts.
• Familiarity with risk and cost management tools (e.g. @Risk, Primavera Risk Analysis, Deltek Acumen, Safran Risk, Excel, etc.).
• Proficiency with Microsoft Office Suite/Office 365 (e.g., Outlook, Teams, Word, PowerPoint, etc.).

Preferred Qualifications

• Master’s degree in engineering, construction management, finance, or business.
• Active professional certifications such as Certified Cost Professional (CCP) or Planning and Scheduling Professional (PSP) through AACE, Project Management Professional through PMI, or Certified Construction Manager (CCM) through CMAA.
• Proficiency with Microsoft Power BI, Oracle Cloud Analytics, or other dashboard KPI reporting software.

Compensation Details

Expected Salary: $90k-$125k/year ($43-$60/hour). Luster provides the salary range that the company in good faith believes it might offer for this position based on the successful candidate’s level and years of experience, knowledge, skills, abilities, education, certifications, licenses, geographic location, etc. Luster reserves the right to ultimately pay more or less than the posted range depending on circumstances not related to any status protected by local, state, and/or federal law.

Benefits

• Unlimited flexible time off
• Paid holidays
• Paid parental leave
• Health, dental, and vision insurance
• Flexible spending accounts (healthcare and dependent or elder care)
• Long-term disability insurance
• Short-term disability insurance
• Life insurance and accidental death and dismemberment
• 401(k) plan with guaranteed employer contribution
• Formal career planning and development program
• $2,500 annually toward professional development
• Wellness program with monthly wellness stipend
• Company cell phone or cell phone plan reimbursement
• Free personalized meal planning and nutrition support with a registered dietitian
• Free personal financial planning services
• Employee assistance program
• Employee discounts
• Employee referral bonus

Specific plan details and coverage for each benefit noted above will be provided upon offer.

Inclusivity Statement

Luster is committed to creating an inclusive work environment with a diverse workforce. All qualified applicants will receive consideration for employment without regard to criminal history, race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. This employer participates in E-Verify. The employer will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.

All positions may be subject to a background check and drug test once a conditional offer of employment is made for any convictions directly related to its duties and responsibilities, in accordance with all applicable local, state, and/or federal regulations.

This job description is meant to describe the general nature and level of work being performed; it is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position.

Luster does not accept unsolicited resumes from any third-party. In the absence of a signed agreement, Luster will not consider or agree to payment of any kind. Any unsolicited resumes presented to Luster personnel, including those submitted to Luster hiring managers, are deemed to be the property of Luster.

Please email [e-mail] for accommodations necessary to complete the application process.