Cost Analyst - New Unit Projects

GE Vernova•Atlanta, GA

6d•$104,900 - $157,300•Remote

About The Position

Join Our Mission in Energy Transition and Unlock Growth Opportunities! Are you a detail-oriented professional with a passion for cost management and project optimization? We are seeking a skilled Project Cost Analyst to join our innovative team dedicated to driving the energy transition forward. In this role, you will play a crucial part in ensuring the financial success of our projects from inception to completion, contributing to sustainable growth and a greener future. GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life. If we want our energy future to be different…we must be different. We have an immediate need for a Cost Analyst in our New Unit Projects division with Primary location Atlanta In this role you will be responsible for driving cross functional cost reviews from budget at handover through completion of a new unit project. The following activities will part of the responsibilities of the cost analyst on multiple projects in parallel.

Requirements

Bachelors degree in engineering, finance, or related technical major or equivalent experience
Minimum 5 years work experience in Cost Management, Project Management, Engineering or equivalent type experience / industry
Only candidates with experience in the following industries will be considered: Power/Energy, Utilities, Manufacturing, Power Plant Infrastructure /Construction

Nice To Haves

Proven detailed cost analytics experience
Ability to support multiple internal customers and partners with competing priorities in a matrixed environment,
Experience collaborating with multiple functions such as engineering, sourcing, manufacturing, projects and logistics
Demonstrated clear thinking, inclusiveness, collaboration skills, and organization
Root cause analysis and mitigation experience
Finance experience
Demonstrated ability to simultaneously manage multiple projects and other responsibilities, adjust to changing priorities and to make decisions with speed and accuracy based on available information
Ability to support multiple internal customers and partners with competing priorities in a matrixed environment,
Excellent communicator (written and verbal presentations ), with Excellent interpersonal skills
High say/do ratio

Responsibilities

Cost tracking
Development of cost execution plans (e.g., cost curves) by functions
Run weekly and monthly detailed cost reports by project scope
Monitor budget line items on weekly basis and identify variances above a threshold that should be escalated for mitigation
Maintain budget version control to ensure agreed budget changes are updated in budget forecast
Work with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders
Work with scheduler to ensure project schedule aligned with cost curves
Support Bill of Quantity (BOQ) quantity tracking tied to unit costs (vs budget and latest forecast)
Work with business to prepare for PMR reviews on quarterly/bi-annual basis
Monitor/track CTC spend/release - leading indicators
Provide feedback to Sales/ITO/IPM on lessons learned for future bids/budgets - current gap
Minimize leakage and protect project margin
Run risk & opportunity analysis
Monitor project risks and follow up on action plans
Conduct ad-hoc analyses on estimating headwinds cost implications
Identify root cause of cost overruns and suggest mitigation plans
Partner cross functional to execute mitigation plans
Change order & Claim analysis support
Coordinate functional estimates for change order cost
Track variance to budget of approved change orders (actual vs planned spend)
Process management & set up
Support creation & implementation of new cost controlling mechanism & structure
Execute process improvement actions
Identify operational rhythm and coordinate functional alignment

Benefits

Available benefits include medical, dental, vision, and prescription drug coverage; access to Health Coach from GE Vernova, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services.
Retirement benefits include the GE Vernova Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and financial planning consultants.
Other benefits include tuition assistance, adoption assistance, paid parental leave, disability benefits, life insurance, 12 paid holidays, and permissive time off.

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