Portfolio Analyst role at Hiscox managing project portfolio management solutions and vendor management. Ensuring data accuracy, supporting procurement processes, and tracking performance in a hybrid work environment.
About the role
- Cost Analyst managing cross functional cost reviews and budget oversight in GE Vernova's energy transition projects. Collaborating with multiple functions to ensure project budget alignment and execution.
Responsibilities
- driving cross functional cost reviews from budget at handover through completion of a new unit project
- 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)
- Support creation & implementation of new cost controlling mechanism & structure
- Execute process improvement actions
- Identify operational rhythm and coordinate functional alignment
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
- 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
- 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
- Excellent communicator (written and verbal presentations), with Excellent interpersonal skills
Benefits
- medical, dental, vision, and prescription drug coverage
- access to Health Coach from GE Vernova, a 24/7 nurse-based resource
- access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling and referral services
- GE Vernova Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions
- access to Fidelity resources and financial planning consultants
- tuition assistance
- adoption assistance
- paid parental leave
- disability benefits
- life insurance
- 12 paid holidays
- permissive time off
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