Cost Management Construction Project Analyst – Graduate Development Program
About The Position
Turner & Townsend is seeking an ambitious and forward-thinking Cost Management Analyst to join their growing team as part of the successful Graduate Development Program. This program is designed for recent graduates with less than two years of industry experience to develop their careers and gain exposure to specialized services, aiming to become successful consultants. The program is approximately two years long and is offered in Chicago, IL. As a Cost Management Analyst, you will support world-class cost management services for capital projects, gaining experience in capital planning, cost estimating, procurement, contract administration, change management, and reporting to help clients optimize their investments.
Requirements
- 0-2 years of industry experience
- Bachelors and/or Masters Degree
Nice To Haves
- Preferred Degrees: Construction Management, Construction Science, Engineering, Project Management, General Business
Responsibilities
- Support in development of comprehensive project estimates, including construction, fees, direct work, and other associated costs.
- Engage with vendors to review, validate, and challenge cost inputs.
- Utilize benchmark data from previous projects to inform and assess estimate accuracy.
- Advise clients on capital planning strategies across large-scale portfolios.
- Provide insights to optimize investment decisions and long-term financial planning.
- Support procurement activities including vendor prequalification, bid evaluation, and bid leveling.
- Facilitate bid interviews and provide final recommendations for vendor selection.
- Oversee the appointment process in alignment with client objectives.
- Establish and manage cost reporting schedules.
- Present cost reports and forecasts to clients, ensuring transparency and accuracy.
- Maintain a commercial risk register and lead periodic review meetings with project teams and vendors.
- Assess payment applications and recommend contractor entitlements.
- Review and evaluate change order requests, providing strategic recommendations to clients.
- Apply dispute prevention and resolution procedures to manage payment requisitions and contractual issues.
- Monitor and manage the end-to-end invoicing process to ensure timely and accurate payments.
- Benchmark project performance against successful commissions to identify areas for improvement.
- Manage all aspects of the financial close process, including post-contract audits and account close-outs.
- Conduct post-contract reviews with clients to capture lessons learned.
- Develop training materials and manuals based on project insights to support continuous improvement.
- SOX control responsibilities may be part of this role, which are to be adhered to where applicable.
Benefits
- Great place to work
- Opportunity and voice to affect change
- Support for work-life balance
- Healthy, productive, and flexible working environment
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
