Cost Analyst

At Midrex, you will do work that matters alongside people who believe you matter. The work won’t be easy, but it will be worth it. You’ll be part of a great team—with plenty of autonomy—to bring out your best. And you’ll be well compensated and have a best-in-class benefits package. Take a look:

Since 1987, Midrex has been the world leader in direct reduction technology, offering the best proven method for decarbonization in the iron and steel industry available today.  Our rapid growth is transforming the steel industry and our planet. And none of it would be possible without our people, who bring vision, compassion, and extraordinary expertise to this work every day.  So, if you’re looking to do big work in a small-team environment, Midrex is just the place for you.

Position Summary:

The Cost Analyst provides detailed cost analysis support on Direct Reduction Iron (DRI) industrial plant projects. DRI plant projects can vary in types, sizes, complexities, and level of risks. The Cost Analyst is responsible for entering project budgets into the ERP as well as the detailed analysis and review of cost expenditures vs established budgets throughout the life of a project.  The Cost Analyst develops and maintains cost reporting on multiple projects simultaneously.  Responsibilities include significant interface with project schedulers, project managers, project engineers, estimators, accounting, engineering staff, as well as other functional organizations including contracts, accounts receivable, accounts payable, procurement, subcontract management, etc.

Supervisory Responsibilities:

• n/a

Duties/Responsibilities:

• Develop and Maintain WP (work package) cost control budgets within the ERP system from estimate and maintaining change management.
• Prepare month-end reports, ETC/EAC forecasts, variance reports, spend projections, and cost reconciliations.
• Interface with all functional/stakeholder areas (i.e. Operations, Projects, Engineering, Procurement, Accounting, Sales) with regards to ensuring completion of monthly accrued units/costs, cash flow, commitments, burn rates and other potential project information necessary for a thorough project analysis, monitoring and cost control.
• Interface with all Functional/Stakeholder areas (i.e. Operations, Engineering, Construction, ROW, Strategic Sourcing, Construction Outside Services, Legal, Environmental, Health & Safety) with regards to ensuring completion of monthly accrued costs, cash flow, commitments, burn rates, and other potential project information necessary for thorough project analysis, monitoring and controlInterface with all Functional/Stakeholder areas (i.e. Operations, Engineering, Construction, ROW, Strategic Sourcing, Construction Outside Services, Legal, Environmental, Health & Safety) with regards to ensuring completion of monthly accrued costs, cash flow, commitments, burn rates, and other potential project information necessary for thorough project analysis, monitoring and controlDevelop accurate and timely labor, equipment and expense cost forecasts with the guidance of department leads, PM’s, PE’s and the Project Controls Manager.
• Prepare and report cost analysis trends: CPI’s, SPI’s, risk, earned value, labor/material/expense forecasts, cash flow forecasts, vendor reporting and visual charts for monthly reporting.
• Develop and facilitate project invoicing (to client) process per contractual terms and conditions.
• Advises PM’s on a routine basis related to project specific cash flow performance.
• Assists Estimator and Scheduler from project inception through project closeout.
• Prepare and maintain project risk registers.

Skills/Abilities:

Required:

• Minimum of three (3) years hands-on experience as a Cost Analyst preferably in a large-scale industrial engineering and construction environment
• Strong analytical skills and attention to detail
• Strong skills in MS Excel (Xlookups, Sumif, Pivot Tables, etc.)
• Knowledge of and experience with MS Office Software including proficiency MS Word, PowerPoint, Outlook, Teams, etc.
• Ability to prioritize deliverables and leverage resources (technology, cross-functional collaboration, etc.) to work efficiently  
• Knowledge of ERP systems and obtaining actual cost data for projects
• Strong interpersonal, oral and written skills 
• Ability to interface with all levels of Project Teams and Senior ManagementMust be hungry (self-motivated and diligent); humble (emphasize team over self; readily shares success with others; not afraid to apologize when needed); and smart (good judgement and intuition around group dynamics; understands the impact of their words and actions).
• Must be hungry (self-motivated and diligent); humble (emphasize team over self; readily shares success with others; not afraid to apologize when needed); and smart (good judgement and intuition around group dynamics; understands the impact of their words and actions).
• Experience in SAP or other ERP system.
• Certification as a PMP, CCP, and/or CEP desired.

Education and Experience:

• Bachelor’s degree in Data Science, Engineering, Project Management, Construction Management, Business, Accounting or Computer Science. 

Travel Requirements:

• Willingness and ability to travel domestically and internationally as required (less than 5%). 

Physical Requirements:

• Prolonged periods of sitting at a desk and working on a computer.
• Ability to move around a project site, including climbing structures.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Midrex is an equal opportunity employer and is committed to providing employment opportunities to all qualified individuals without regard to race, color, religion, sex, national origin, age, disability, or any other protected status in accordance with all applicable laws. In compliance with the Americans with Disabilities Act, Midrex will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the People and Culture department.