What are the responsibilities and job description for the Cost Analyst position at Turner Construction Company?
Division: Memphis Main
Project Location(s): Memphis, TN 38119 USA
Minimum Years Experience:
Travel Involved:
Job Type: Regular
Job Classification: Experienced
Education:
Job Family: Finance
Compensation: Salaried Exempt
Position Description: Prepare financial analyses, reports, and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects.
Reports to:When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.
Essential Duties & Responsibilities:
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee regularly works on-site at the construction work site where the employee is exposed to moving mechanical parts; high precarious places; fumes or airborne particles; outside weather conditions and risk of electrical shock. The noise in these work environments is usually moderate to very loud.
Turner is an Equal Opportunity Employer - race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other characteristics protected by applicable law.
Project Location(s): Memphis, TN 38119 USA
Minimum Years Experience:
Travel Involved:
Job Type: Regular
Job Classification: Experienced
Education:
Job Family: Finance
Compensation: Salaried Exempt
Position Description: Prepare financial analyses, reports, and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects.
Reports to:When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.
Essential Duties & Responsibilities:
- Assess project financial risks and report project plan to mitigate risks.
- Accumulate, audit, and correlate information from all sources to produce required cost reports such as Budget Analysis Reports (BARs), special studies, and Cost-audited BARs (CABs); prepare interpretive analysis as required.
- Know project contract with Owner and Turner’s contractual rights.
- Work with project accounting to ensure costs are posted correctly to ledger.
- Audit budget report for accuracy and ensure it reflects all costs posted to ledger.
- Provide budget audit findings and ensure project makes all corrections.
- Analyze current budget reports, holds, and unboughts.
- Audit project forecast of General Conditions, General Requirements, staff and labor projections to accurately forecast costs.
- Audit project re-forecasted projections and studies as project conditions change.
- Participate in Operations Review Meetings (ORMs) with senior business unit management.
- Maintain complete knowledge of all general contract documents and relationship of job estimate to contract documents.
- Train and develop new Costs Analysts and project staff.
- Visit jobsites, evaluate project progress and conditions, and review findings with project management.
- Review current field conditions in trades and evaluate costs, Superintendent’s Instruction to Subcontractors (SISs), exposures, claims and recoveries.
- Act as bridge between Accounting and field staff.
- Monitor and understand project cash position.
- Participate in Payment Application creation and understand connection with Budget Report.
- Understand and audit SAP forecasting workbenches.
- Ensure proper contract review, Contract Authorization (CA), and Peckar & Abramson checklist to understand business deal, assumed contractual risks, and potential earnings impact.
- Establish Work Breakdown Structure (WBS) Element for allocation of costs, work with Engineering and Finance.
- Prepare final Cost Audited Budget Analysis Report (CAB), reconcile to final contract value and cost.
- Validate final revenue before final bill submission.
- Other activities, duties, and responsibilities as assigned.
- Bachelor’s Degree in Accounting, Finance, Engineering, Construction Management or related field, and 3 years of related experience, or equivalent combination of education and/or experience
- High degree of organizational skills and exceptional attention to detail
- Financial system applications proficiency and advanced MS Excel
- Self-starter, adaptable, and flexible to operate with minimal direction and/or supervision working in complex and changing environment
- Exercise independent judgment and discretion, ability to identify problems and make recommendations for resolution
- Demonstrate leadership, strong dedication to teamwork and integrity
- Professional written and verbal communication skills
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. While performing the duties of this job, the employee regularly works on-site at the construction work site where the employee is exposed to moving mechanical parts; high precarious places; fumes or airborne particles; outside weather conditions and risk of electrical shock. The noise in these work environments is usually moderate to very loud.
Turner is an Equal Opportunity Employer - race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other characteristics protected by applicable law.