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Project Controls Specialist I (Cost Analyst)
$61k-75k (estimate)
Full Time | Business Services 3 Months Ago
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ELEMENT CONSULTING GROUP is Hiring a Project Controls Specialist I (Cost Analyst) Near Los Angeles, CA

Position Description:
With Training and supervision from the Program Management Cost Analyst the successful
candidate will:

  • Monitor the overall integrity of the project budget and forecast in accordance with approved standard operating procedures
  • Participate in monthly EAC meetings to validate and review current EAC’s, including providing justification of variances
  • Participate in change management meetings to identify trends and risk exposure
  • Develop and maintain change management logs per standardized processes and procedures
  • Participate in Risk Assessment workshops, providing input as needed to potential impacts
  • Conduct cost variance analysis of reported data to identify trends and mitigate potential budget impacts
  • Review and analysis of budget and expenditures against projects based upon various funding sources
  • Collaborate with schedulers to review cost and schedule performance to determine cost overruns/ underruns, cash-flow, issues with project durations, or variances in spend analyzing plan versus expenditures over period of time
  • Review and analysis of monthly cost reports and monthly progress reports
  • Review staffing plans, identify any excessive peaks or potential cost impacts and make recommendations for peak leveling
  • Provide cost coding and budget verification for contract change orders and amendments for impact on budget/timetable
  • Review task order requests, change orders and amendments to ensure budget availability, accurate cost coding and reporting
  • Allocate, monitor and manage ETCs for each project.
  • Create budget transfers, produces financial closeouts
  • Work with the Project Managers on project budget issues (verifying budgets for additional Task Orders needed for IOR, LOR, additional services, etc.)
  • Coordinate with Project Managers to establish and maintain data coding structures, project controls tools, and quality data for budgets, contracts, change orders, trends and actual costs
  • Verification of charge codes for purchase requisitions and change orders to ensure proper cost accounting
  • Perform necessary data entry for budget and forecast impacts
  • Other job-related duties or projects as assigned

Minimum Required Qualifications:

  • 1 - 3 years of experience as a cost analyst
  • BS/BA Degree in Project Management, Construction Management, Business or related degree. Additional qualifying experience in excess to the minimum stated above may be substituted for the required education on a year for year basis.
  • Knowledge of theories, principles and practices of cost management
  • Ability to present data to management in an organized manner
  • Exceptional communication skills required
  • Ability to adapt to changing requirements and situations
  • Ability to work in a fast-paced environment
  • Ability to work as part of a team
  • Ability to perform in a business environment, maintaining professionalism in all communications and demeanor

Preferred Qualifications:

  • Experience utilizing Microsoft Office, Advanced Excel Skills, and any educational facility experience.

Salary based on candidate experience and education - $60K-$79K Annually

Why Choose Element Consulting?

Element Consulting is a construction management company dedicated to providing clients with responsible and innovative solutions to their project needs, from inception to completion. Based out of El Segundo, CA, the firm offers program, project, and construction management services. We invite you to join us in 'Bringing the Right Elements Together for Our Clients' Success.'

Job Summary

JOB TYPE

Full Time

INDUSTRY

Business Services

SALARY

$61k-75k (estimate)

POST DATE

01/28/2023

EXPIRATION DATE

02/07/2023

WEBSITE

element-consulting.com

HEADQUARTERS

MINNEAPOLIS, MN

SIZE

<25

FOUNDED

1992

CEO

ERIC LARSON

REVENUE

<$5M

INDUSTRY

Business Services

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The following is the career advancement route for Project Controls Specialist I (Cost Analyst) positions, which can be used as a reference in future career path planning. As a Project Controls Specialist I (Cost Analyst), it can be promoted into senior positions as a Budgeting Supervisor that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Project Controls Specialist I (Cost Analyst). You can explore the career advancement for a Project Controls Specialist I (Cost Analyst) below and select your interested title to get hiring information.

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If you are interested in becoming a Project Controls Specialist, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Project Controls Specialist for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Project Controls Specialist job description and responsibilities

Develop budgets and schedules to conform to project requirements.

03/14/2022: Columbus, OH

Analyze project data, determine potential risks and challenges and develop appropriate mitigation plans.

03/12/2022: Raleigh, NC

Provide project control support to Manager to successfully plan and execute assigned projects.

03/09/2022: Youngstown, OH

Analyze project problems and recommend resolutions.

03/14/2022: Evansville, IN

Monitor project status on regular basis and develop status reports to management.

04/09/2022: Albuquerque, NM

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Project Controls Specialist jobs

Most project control specialists focus on large, complex projects, and may help with several different projects at the same time.

04/04/2022: Fayetteville, NC

Maintain positive working relationships with management, project team and customers.

03/28/2022: Salisbury, NC

The project team will consist of personnel from the coding group, quality control/assurance group, technical writing group, and testing group.

03/24/2022: Greenville, MS

Conceptualise new product,service or business.

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Reviewing experiences and learning from current and previous projects.

03/31/2022: Phoenix, AZ

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