Cost Analyst managing project budgets and cost execution plans for GE Vernova's energy transition projects. Supporting cross-functional teams in cost tracking and control.
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)
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
Experience in the following industries: Power/Energy, Utilities, Manufacturing, Power Plant Infrastructure /Construction
Must be legally authorized to work in the USA without sponsorship
Must be willing to work on East Coast time zone (EST) hours, possible relocation to Atlanta or Schenectady
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
tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions
access to Fidelity resources and financial planning consultants
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Cost Analyst developing cost execution plans and tracking project budgets supporting energy transition initiatives. Monitoring risks and facilitating continuous process improvements in project finance management.
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.