Cost Analyst - Operational Finance

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 Turner's 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, Superintendent's 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.