Senior Cost Analyst (w/Risk Focus)

Luster-National; Sacramento (CA); On-site; USD 125,000 - 205,000; Full time

Benefits offered by this job

Unlimited flexible time off

Paid holidays

Paid parental leave

Health, dental, and vision insurance

Flexible spending accounts (healthcare

Dependent or elder care)

Long-term disability insurance

Short-term disability insurance

Life insurance and accidental death &

Disability

401(k) plan with guaranteed employer

Formal career planning and development

$2,500 annually toward professional de

Wellness program with monthly stipend

Company cell phone plan reimbursement

Meal planning and nutrition support

Personal financial planning services

Employee assistance program

Employee referral bonus

Job summary

Luster-National seeks a Senior Risk Cost Analyst (w/Risk Focus) to support the project controls and program finance office on a large-scale rail transit program. You’ll quantify exposure, work contingency numbers, and report to leadership on risks and proposed actions.

This long-term, full-time, on-site role is located in Sacramento, CA. You will collaborate with risk, cost management, and scheduling teams to develop mitigation strategies and integrate risk into cost forecasts.

Qualifications

• Bachelor’s degree in engineering, construction management, finance, business, or related field or equivalent combination of education and experience.
• 8+ years of experience in risk, cost, or project controls on large, complex infrastructure projects in passenger transit or transportation sectors.
• Experience with qualitative and quantitative risk analysis, including risk modeling, scenario analysis, and data analytics.
• Experience developing and monitoring risk mitigation strategies with project controls, estimating, and scheduling teams.
• Experience maintaining a program risk register and associated cost and contingency forecasts.
• Experience preparing risk reports and recommendations for senior program leadership.
• Proficiency 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

• Conduct recurring risk assessments across program processes to identify threats to continuity and performance.
• Monitor cost drivers, escalation trends, and market conditions affecting risk profile.
• Analyze and quantify program risk exposure using qualitative and quantitative methods.
• Assess financial, operational, legal, regulatory, and reputational risks to determine mitigation strategies.
• Develop, implement, and monitor risk mitigation strategies with project controls, estimating, and scheduling teams.
• Integrate risk analysis results into cost estimates, forecasts, and contingency positions.
• Evaluate contractor and consultant risk submittals for methodology and assumptions.
• Prepare risk and cost reports for program leadership with recommendations.
• Maintain records of risk assessments, mitigation plans, and risk register.
• Improve risk and cost management practices and detection/monitoring methods.

Skills

Risk analysis

Cost management

Project controls

Data analytics

Communication skills

Team collaboration

Problem-solving

Education

Bachelor's degree in Engineering/Construction Management/Finance

Tools

@Risk

Primavera Risk Analysis

Deltek Acumen

Safran Risk

Excel

Power BI

Job description

We’re seeking a Senior Risk 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, quantifying exposure across the program, working the numbers behind contingency positions, and reporting to program leadership on what the risks are and what to do about them.

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

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

• Conduct recurring risk assessments across program processes to identify threats to program continuity and performance.
• Monitor internal and external factors that affect the program’s risk profile, including cost drivers, escalation trends, and market conditions.
• Analyze and quantify program risk exposure using qualitative and quantitative methods, including risk modeling, scenario analysis, and data analytics.
• Assess financial, operational, legal, regulatory, and reputational risks to determine appropriate mitigation strategies.
• Develop, implement, and monitor risk mitigation strategies and control measures with project controls, estimating, and scheduling teams.
• Integrate risk analysis results into cost estimates, forecasts, and contingency positions.
• Evaluate contractor and consultant risk submittals, assessing methodology, assumptions, and consistency with program requirements.
• Prepare risk and cost reports for program leadership, highlighting key risks, potential impacts, and recommended actions.
• Maintain accurate and current records of risk assessments, mitigation plans, and the program risk register.
• Improve risk and cost management practices, identifying areas of refinement in how risks are detected, monitored, and managed.

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.
• 8+ years of experience in risk, cost, or project controls roles on large (>$500M), complex, heavy-civil infrastructure projects in passenger transit (bus or rail) or transportation (highways, roads, or bridges) sectors.
• Demonstrated success performing qualitative and quantitative risk analysis, including risk modeling, scenario analysis, and data analytics.
• Experience developing, implementing, and monitoring risk mitigation strategies with project controls, estimating, and scheduling teams.
• Demonstrated success maintaining a program risk register and the associated cost and contingency forecasts.
• Experience preparing risk reports and recommendations for senior program leadership.
• Proficiency 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

• 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.
• 10+ years of risk, cost, or project controls experience on transportation megaprograms valued at $1B+.
• Proficiency with Microsoft Power BI, Oracle Cloud Analytics, or other dashboard KPI reporting software.

Expected Salary: $125k-$205k/year ($60-$99/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.

Just LOOK at the Benefits We Offer!

• 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 referral bonus

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

If you wish to be considered for a position where there is not an active job posted, please search for our 'General Application' and apply.

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.