Strategic Risk & Cost Analyst - Rail Transit

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

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