Position Description
Prepare financial analyses reports and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects. Reports to When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.
Essential Duties & Responsibilities
• Assess project financial risks and report project plan to mitigate risks. • Accumulate audit and correlate information from all sources to produce required cost reports such as Budget Analysis Reports (BARs), special studies, and Cost-audited BARs (CABs). • Prepare interpretive analysis as required. • Know project contract with Owner and Turners contractual rights. • Work with project accounting to ensure costs are posted correctly to ledger. • Audit budget report for accuracy and ensure it reflects all costs posted to ledger. • Provide budget audit findings and ensure project makes all corrections. • Analyze current budget reports, holds, and unboughts. • Audit project forecast of General Conditions, General Requirements, staff, and labor projections to accurately forecast costs. • Audit project re-forecasted projections and studies as project conditions change. • Participate in Operations Review Meetings (ORMs) with senior business unit management. • Maintain complete knowledge of all general contract documents and relationship of job estimate to contract documents. • Train and develop new Costs Analysts and project staff. • Visit jobsites, evaluate project progress and conditions, and review findings with project management. • Review current field conditions in trades and evaluate costs. • Superintendents Instruction to Subcontractors (SISs) exposures, claims, and recoveries. • Act as bridge between Accounting and field staff. • Monitor and understand project cash position. • Participate in Payment Application creation and understand connection with Budget Report. • Understand and audit SAP forecasting workbenches. • Ensure proper contract review, Contract Authorization (CA) and Peckar & Abramson checklist, to understand business deal assumed contractual risks and potential earnings impact. • Establish Work Breakdown Structure (WBS) Element for allocation of costs, work with Engineering and Finance. • Prepare final Cost Audited Budget Analysis Report (CAB) reconcile to final contract value and cost. • Validate final revenue before final bill submission. • Other activities, duties, and responsibilities as assigned.