Cost Analyst

About the role

Contract W2 Cost Analyst position with a hybrid schedule (3 days onsite) located in Downtown Houston.

Responsibilities

• Collaborating with PM leaders and project managers to track and monitor project spending by:
• Creating and updating forecast cost reports including monthly, current, and future year spend (where applicable), estimates to complete (ETC) and estimates at completion (EAC); update cost reporting tools and other reports as required
• Identifying mitigation measures for resolution of supplemental funding requests, including reviewing invoices and/or changes orders and communicating with vendors for resolution of outstanding invoice and/or accrual issues, as needed.
• Identifying cost overruns and monitoring contingency and project completion dates; submitting project completion reports as needed.
• Reviewing project costs for compliance with regulatory, company/department guidelines, processes, and procedures. Examples include proper classification of project costs in accordance with generally accepted accounting principles (GAAP) and/or federal energy regulatory commission (FERC) where applicable.
• Reporting and analyzing significant cost variances, trends, and irregularities to document primary driver(s).
• Calculating, researching, and helping to ensure accurate project accruals including maintaining adequate documentation, as required.
• AFE/PRN write-ups including monitoring through review and approval process.
• Developing ancillary and ad-hoc reports, as needed to generate OSG KPI reports and support project related data requests for participation in periodic cost review meetings with various members of the OSG PM management team and and/or their leadership.
• Participating in management led budget and forecast meetings, as required.
• Participating in and completing occasional special projects as assigned including (but not limited to) on-site project support, if required.

Requirements

• Bachelor’s Degree in Accounting, Finance, Business Management or Engineering or applicable experience.
• Strong aptitude in the financial and cost areas related to project cost controls including a solid understanding of generally accepted accounting principles.