[Hiring] Cost Analyst - New Unit Projects @GE Vernova

Role Description

Join Our Mission in Energy Transition and Unlock Growth Opportunities! Are you a detail-oriented professional with a passion for cost management and project optimization? We are seeking a skilled Project Cost Analyst to join our innovative team dedicated to driving the energy transition forward. In this role, you will play a crucial part in ensuring the financial success of our projects from inception to completion, contributing to sustainable growth and a greener future.

In this role you will be responsible for driving cross functional cost reviews from budget at handover through completion of a new unit project. The following activities will be part of the responsibilities of the cost analyst on multiple projects in parallel:

• Cost tracking
• Development of cost execution plans (e.g., cost curves) by functions
• Run weekly and monthly detailed cost reports by project scope
• Monitor budget line items on a weekly basis and identify variances above a threshold that should be escalated for mitigation
• Maintain budget version control to ensure agreed budget changes are updated in budget forecast
• Work with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders
• Work with scheduler to ensure project schedule aligned with cost curves
• Support Bill of Quantity (BOQ) quantity tracking tied to unit costs (vs budget and latest forecast)
• Work with business to prepare for PMR reviews on quarterly/bi-annual basis
• Monitor/track CTC spend/release - leading indicators
• Provide feedback to Sales/ITO/IPM on lessons learned for future bids/budgets - current gap
• Minimize leakage and protect project margin
• Run risk & opportunity analysis
• Monitor project risks and follow up on action plans
• Conduct ad-hoc analyses on estimating headwinds cost implications
• Identify root cause of cost overruns and suggest mitigation plans
• Partner cross functionally to execute mitigation plans
• Change order & Claim analysis support
• Coordinate functional estimates for change order cost
• Track variance to budget of approved change orders (actual vs planned spend)
• Support creation & implementation of new cost controlling mechanism & structure
• Execute process improvement actions
• Identify operational rhythm and coordinate functional alignment

Qualifications

• Bachelor's degree in engineering, finance, or related technical major or equivalent experience
• Minimum 5 years work experience in Cost Management, Project Management, Engineering or equivalent type experience/industry
• Only candidates with experience in the following industries will be considered: Power/Energy, Utilities, Manufacturing, Power Plant Infrastructure/Construction

Requirements

• Proven detailed cost analytics experience
• Ability to support multiple internal customers and partners with competing priorities in a matrixed environment
• Experience collaborating with multiple functions such as engineering, sourcing, manufacturing, projects, and logistics
• Demonstrated clear thinking, inclusiveness, collaboration skills, and organization
• Root cause analysis and mitigation experience
• Finance experience
• Demonstrated ability to simultaneously manage multiple projects and other responsibilities, adjust to changing priorities, and make decisions with speed and accuracy based on available information
• Excellent communicator (written and verbal presentations), with excellent interpersonal skills
• High say/do ratio

Benefits

• Medical, dental, vision, and prescription drug coverage
• Access to Health Coach from GE Vernova, a 24/7 nurse-based resource
• Access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling, and referral services
• GE Vernova Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions
• Access to Fidelity resources and financial planning consultants
• Tuition assistance
• Adoption assistance
• Paid parental leave
• Disability benefits
• Life insurance
• 12 paid holidays
• Permissive time off