Cost Analyst
Turner Construction
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- Location
- Columbus, United States
- Job type
- Full time
- Posted
- Oct 13
- 7 days ago
Career path
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About the company
Turner Construction
Construction · 10,001+ employees
What you'll do
- Prepare financial analyses, reports, and audit forecasts
- Assess project financial risks and report plans to mitigate risks
- Produce cost reports and prepare interpretive analysis
- Audit budget reports and ensure corrections are made
- Audit project forecasts and re-forecasted projections
- Visit jobsites, evaluate project progress and conditions, and review findings
- Monitor and understand project cash position
- Prepare final Cost Audited Budget Analysis Report and reconcile final contract value and cost
Key skills
Financial analysesCost reportsProject accountingContract reviewSAP forecasting workbenchesWork Breakdown Structure
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Read the full posting here
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.
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