Cost Analyst

MIDREX TECHNOLOGIES INC•Charlotte, NC

3d•Hybrid

About The Position

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.

Requirements

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 Management
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).
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.

Nice To Haves

Certification as a PMP, CCP, and/or CEP desired.

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 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 control
Develop 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.