Project Controls Specialist IV (Cost Analyst)

Position Description:

• Oversee the integrity and accuracy of project budgets and forecasts in compliance with approved standard operating procedures.
• Actively participate in monthly EAC (Estimate at Completion) meetings, ensuring accurate

validation, reviewing current EACs, and providing justification for any variances.

• Contribute to change management discussions by identifying emerging trends, risks, and exposure factors.
• Engage in Risk Assessment workshops, offering insights on potential financial impacts and

identifying mitigation strategies.

• Conduct thorough cost variance analyses to identify trends and proactively address any potential budget impacts.
• Continuously monitor trends and associated mitigation plans, comparing projected versus actual performance over time.
• Review project budgets and expenditures, ensuring alignment with diverse funding sources and

financial goals.

• Collaborate closely with schedulers to evaluate cost and schedule performance, identifying cost

overruns, delays, and variances in planned versus actual expenditures.

• Review and analyze monthly cost reports and progress reports to ensure alignment with project

financial objectives.

• Analyze staffing plans to identify potential cost impacts, such as excessive peaks, and provide

recommendations for optimizing resource allocation.

• Validate cost coding and budget allocations for contract change orders and amendments, assessing potential impacts on project timelines and financials.
• Ensure that contracts, purchase orders, task order, change orders, and amendments are accurately

budgeted and reported, with proper cost coding and financial oversight.

• Enforce cost management policies and procedures for capital projects, especially those with

multiple funding sources.

• Allocate Estimate to Complete (ETC) amounts as required for PBA (Project Budget Adjustments),

change orders, and other financial adjustments.

• Manage and monitor ETCs for each project to ensure timely and accurate tracking of financial

changes.

• Create comprehensive reports related to budgeting, cost control, auditing, and asset tracking, utilizing systems like e-Builder, Proliance, DELTEK, and other relevant platforms used by the Program Management Office.
• Work closely with Project Managers and Construction Managers to maintain data coding structures, project control tools, and high-quality data for budgets, contracts, change orders, trends, and

actual costs.

• Conduct budget and financial reconciliations, ensuring alignment between project forecasts,

expenditures, and actual costs. Address discrepancies and implement corrective actions as necessary.

• Support management with the preparation of regular budget and cost reports, ensuring clarity and accuracy.
• Assist with preparing regular and ad hoc reports on project budgets, financial status, and

forecasting for senior leadership.

• Provide support for weekly/monthly cost and status reports, keeping project teams informed of

financial performance.

• Perform necessary data entry tasks related to budget and forecast updates.
• Develop and maintain change management logs in accordance with established processes and

procedures.

• Travel to offsite project locations as required.
• Undertake additional duties and special projects assigned.