What are the responsibilities and job description for the Construction Cost Analyst position at Thompson Thrift?
Company Overview:
At Thompson Thrift, we don’t just build properties; we craft communities and shape futures. Our core values drive us to positively impact our team and the communities we serve through initiatives like TT Serve, which supports community outreach and personal development. We also prioritize work-life balance with our Family Impact Program, offering flexible work options, concierge medical services, financial planning, and more to support your well-being and connections with loved ones.
Position Summary:
The Construction Cost Analyst plays a key role in the company’s cost control efforts, acting as an internal auditor to ensure financial accuracy, reduce cost exposure, and improve budgetary efficiency. This position collaborates with project teams to analyze expenses, track performance metrics, and provide strategic financial insights, ultimately contributing to the financial health of construction projects.
Key Responsibilities:
- Collaborate with project management to function as part of the cost control team.
- Analyze project finances and prepare invoices where applicable.
- Research and interpret expenses to advise on cost control strategies.
- Review and analyze project budgets to monitor costs against forecasts.
- Provide financial analysis to support decision-making by project and executive teams.
- Manage the budget import process and maintain integrity of cost tracking.
- Use forecasting tools such as GC forecasting and Gain/Fade charts.
- Evaluate project production summaries and vendor production rates for accuracy.
- Identify and resolve accounting/reporting issues.
- Recommend cost reduction and process improvement strategies.
- Conduct process reviews and implement efficiency enhancements.
- Prepare and distribute monthly project reports.
- Manage project closeout processes and ensure timely meeting completions.
Qualifications:
- Bachelor’s degree in Accounting, Business, or related field.
- Minimum 2 years of experience in a similar or related role.
- Strong problem-solving, analytical, and mathematical skills.
- Excellent oral and written communication.
- Leadership capability and self-driven work ethic.
- Displays curiosity and initiative.
Work Schedule & Travel:
- Standard schedule: Monday – Friday, 8:00 a.m. – 5:00 p.m.
- Travel: As needed.
Physical Requirements:
- Sedentary work with occasional lifting up to 10 lbs.
- Frequent computer use and visual concentration.
- Occasional travel to construction sites, including walking on uneven terrain and exposure to dust or machinery.
