Cost Analyst I

Worley•Cameron, LA

About The Position

The Cost Analyst I provides accurate, timely, and meaningful project cost information to support cost control, forecasting, and decision-making throughout the project lifecycle. Working under general supervision and with regular technical guidance, the role applies established cost control processes, systems, and procedures while taking increasing ownership of assigned work. The role prepares project cost reports, monitors costs and man-hours against budgets and forecasts, analyzes performance and trends, and contributes to forecasting future expenditure. It also supports cost estimates for contract scope changes, variations, and extra work orders. Through collaboration with project teams and periodic site visits, the Cost Analyst helps maintain reliable project cost information and supports project objectives. Worley is a global energy, chemicals, and resources company headquartered in Australia. It provides consulting, engineering, procurement, and construction services across the project lifecycle, including operations and decommissioning. The company says it supports customers as they address current needs and transition to more sustainable solutions. Worley describes its culture as diverse, inclusive, respectful, and focused on belonging, connection, innovation, and sustainable impact.

Requirements

A university degree or equivalent qualification in engineering, finance, accounting, project controls, construction management, or a related discipline, or equivalent relevant professional experience.
Typically, at least three years of relevant experience in project cost control, cost engineering, project controls, or a similar role.
Experience preparing project cost reports and monitoring actual costs, budgets, commitments, and forecasts.
Experience tracking man-hours, analyzing cost performance, and identifying trends or variances against established plans.
Understanding of project delivery environments and the relationship between scope, schedule, resources, productivity, and cost.
Familiarity with project cost control procedures, reporting requirements, and maintaining accurate, traceable financial and project data.
Ability to compile, review, and interpret cost information, identify discrepancies, and prepare clear project performance reports.
Ability to assess cost performance, recognize trends, and contribute to forecasts using established methodologies.
Ability to track labor hours, compare actual performance with planned allowances, and identify potential productivity- or resource-related cost impacts.
Ability to gather cost inputs, understand estimate bases, document assumptions, and support assessment of scope-change financial impacts.
Intermediate understanding of project cost control systems, processes, and tools.
Proficiency in Microsoft Excel.
Ability to validate information, maintain accurate records, reconcile discrepancies, and follow procedures consistently.
Commercial awareness of how contractual requirements, scope changes, resource utilization, and project performance influence cost outcomes.
Ability to investigate cost variances, assess available information, and identify practical options for review or action.
Clear written and verbal communication skills, including the ability to explain cost information and technical concepts to different audiences.
Ability to collaborate with multidisciplinary teams to gather information, resolve reporting issues, and align cost data with project requirements.
Ability to develop evidence-based recommendations and influence others through clear reasoning and sound analysis.
Ability to organize competing priorities, meet reporting deadlines, and maintain accuracy across varied assignments.
A proactive and accountable approach, with the confidence to work increasingly independently within established guidelines.
Curiosity and sound judgment when reviewing data, questioning unexpected results, and identifying potential issues.
Willingness to learn, develop technical capability, and incorporate feedback.
Flexibility to adapt to changing project priorities while maintaining consistency and attention to detail.
Commitment to safe, ethical, inclusive, and responsible working practices.

Nice To Haves

Familiarity with project reporting or cost management software.

Responsibilities

Prepare, maintain, and review project cost reports showing actual costs, commitments, progress, and forecast expenditure.
Monitor project costs and man-hours against approved budgets, plans, and forecasts; identify variances, trends, and potential concerns, and communicate findings to stakeholders.
Analyze cost and productivity information to support the preparation and updating of forecasts.
Review cost performance and man-hour consumption, investigate deviations, and provide insights to support corrective action.
Initiate and support cost estimates for contract scope changes, variations, and extra work orders; gather information, validate assumptions, and assess potential financial implications.
Work with project controls and delivery teams to review cost performance, reconcile reporting information, and keep cost data current.
Make periodic site visits to review cost reporting practices and validate cost and progress information.
Maintain accurate cost records and follow established procedures, reporting standards, and quality requirements.
Present cost information, explain variances, and communicate emerging risks or opportunities clearly and constructively.
Identify opportunities to improve cost reporting, data quality, forecasting practices, and the use of project controls systems and tools.
Coordinate with project managers, engineering disciplines, planning, procurement, commercial teams, and other stakeholders to obtain information for cost management.
Share relevant cost information and provide guidance to junior team members on assigned activities when required.