Project Controls Cost Analyst – Risk Management

Southern Company • Atlanta, GA

8h • Hybrid

About The Position

The Project Controls Risk Analyst plays a critical role in supporting the successful delivery of utility construction projects by identifying, analyzing, and managing project risks. This position is responsible for maintaining risk registers, conducting quantitative risk analyses (including Monte Carlo simulations), supporting project teams in the development of risk mitigation plans, and recommending appropriate contingency reserves to mitigate potential impacts on cost and schedule.

Requirements

• Bachelor’s degree in a related field (required)
• 3–7 years of experience in project controls, risk management, or project management within the utility, construction, or infrastructure sectors.
• Demonstrated experience managing and maintaining risk registers.
• Proficiency in conducting Monte Carlo simulations for cost and schedule risk analysis.
• Familiarity with project management methodologies (e.g., PMBOK, Agile, or similar).
• Strong analytical, communication, and stakeholder engagement skills.
• High attention to detail and ability to synthesize complex data.
• Strong problem-solving and critical thinking skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Proficiency in Microsoft Excel, Power BI, and other data visualization tools.

Nice To Haves

• Master’s degree or professional certification that would make you a strong candidate: MBA, MS in Statistics, or related field
• PMI-RMP (Risk Management Professional)
• AACE International certifications (e.g., CCP, DRMP)

Responsibilities

• Develop, maintain, and update project risk registers in collaboration with project managers, engineers, and stakeholders.
• Facilitate risk identification and assessment workshops with cross-functional teams.
• Perform qualitative and quantitative risk analyses to evaluate the probability and impact of identified risks.
• Conduct Monte Carlo simulations using @Risk to model cost and schedule uncertainties.
• Recommend appropriate contingency levels based on risk exposure and simulation results.
• Track and report on risk trends, mitigation effectiveness, and residual risk exposure throughout the project lifecycle.
• Integrate risk analysis outputs into project forecasts, budgets, and schedules.
• Support the development of risk management plans and procedures in alignment with corporate governance and industry best practices.
• Prepare and present risk reports and dashboards for senior leadership and project stakeholders.
• Collaborate with project controls, finance, and construction teams to ensure risk-informed decision-making.

Benefits

• competitive base salary
• annual incentive awards for eligible employees
• health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being
• Additional and specific details about total compensation and benefits will also be provided during the hiring process.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level