Job Description
Strategic Staffing Solutions is currently looking for a Cost Analyst, a W2 contract opportunity with one of our largest clients!
Title: Cost Analyst
Location: Detroit, MI – 3 days in office
Duration: 12 months then eligible for Contract renewal
Role Type: W2 contract engagement
Top Skills:
- Preferred comparable industry experience
- Programs Pillar:Strong Data analytics skill and accrual knowledge
- Projects/ Substations Pillar:Strong accrual knowledge, flexibility, Underground and Substation experience
- Preferably strong Maximo knowledge, SAP.
Job Summary
General Job Summary
Monitors and analyzes project cost estimates, expenditures, and forecasts. Identifies areas of cost-saving opportunities and alerts management of any cost variances. Prepares monthly cost reports, work estimates, and budgets. Maintains project control procedures. No Supervisory Responsibilities. Assignments are received in the form of results expected, within operating policies and procedures. The incumbent has the discretion to select from alternative approaches; decisions may involve changes to normal work processes.
Key Accountabilities
- Collects, maintains, and analyzes planned vs. actual cost for assigned capital projects.
- Reports variances to the project management team with detailed commentary to support process outputs.
- Assist the project management team as needed in the overall financial processes.
- Supports contract administration in the change control process by performing cost reviews.
- Reports & analyzes key performance metrics; prepares ad hoc analyses as requested by project management.
- Alert Project Managers and management of potential project overruns and provide recommendations on forecast placeholders.
- Review project charges for inaccuracies or mischarges.
- Review progress payments to ensure there is a clear understanding of when the milestone will be met and expenses should be accounted for.
Minimum Education & Experience Requirements
Bachelor's degree in Business, Accounting or Finance with 5 years of job-relevant experience
Other Qualifications: Preferred Skills
- 5 years of Financial experience
- MBA and/or CPA
- Professional certification in cost control (Association for the Advancement of Cost Engineering or equivalent);
- Experience in operating system software utilized by the Corporation (e.g Maximo, SAP R/3, SRM, BW)
- Association for the Advancement of Cost Engineering (AACE) certification
- Proficient in Earned Value Analysis
- Provides weekly reporting of purchase order analysis.
- Attend construction field updates and apply progress towards data.
- Proficient in Excel - Power Query
- Expertise with utilizing Databases
- SAP Work Mgt system
- Exposure to Primavera P6
- Analysis of Unbilled Liabilities, Timing
- Experience with Power BI
Other Requirements
- Written and verbal communication & advocacy skills consistent with the ability to present results of projects & research to all levels of the business unit and engage in persuasive written & verbal interaction.
- Intermediate-to-advanced analytical and project management skills.
- Working knowledge of financial & economic analysis, project & risk management.
- Ability to analyze complex financial data & develop optimal recommendations & solutions.
- Ability to work in a 'team' and/or 'matrixed' structure, supporting multiple clients, procedures & policy.
- Copes with multiple demands from superiors and/or subordinates & peers in a positive and evenhanded fashion; displays a calm demeanor under pressure.
- Well-developed organization and planning skills (typically acquired through at least 5 years of experience).
- Ability to apply project planning & implementation and/or continuous improvement principles (typically acquired through several years of experience in these areas) to affect tangible, positive outcomes.
- Proficiency in Excel, Word, and SAP sufficient to apply/support them with minimal instruction or guidance; this level of proficiency is typically attainable through 3+ year(s) of substantive experience with the applications
Additional Information
Incumbents may engage in all or some combination of the activities and accountabilities and utilize a variety of the competencies cited in this description depending upon the organization and role to which they are assigned. This description is intended to describe the general nature and level of work performed by incumbents in this job. It is not intended as an all-inclusive list of accountabilities or responsibilities, nor is it intended to limit the rights of supervisors or management representatives to assign, direct, and control the work of employees under their supervision.
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