[Hiring] Project Cost Analyst @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.

Roles and Responsibilities

• Cost Tracking & Reporting:
  • Develop and execute cost execution plans (e.g., cost curves) by function.
  • Generate weekly and monthly detailed cost reports by project scope.
  • Monitor budget line items weekly and identify variances for escalation and mitigation.
• Budget Management:
  • Maintain budget version control to ensure all agreed changes are reflected in the forecast.
  • Collaborate with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders.
• Project Alignment:
  • Work closely with the scheduler to align project schedules with cost curves.
  • Support Bill of Quantity (BOQ) tracking tied to unit costs versus budget and latest forecast.
• Stakeholder Collaboration:
  • Prepare for PMR reviews on a quarterly/bi-annual basis with the business.
  • Provide valuable feedback to Sales, ITO, and IPM on lessons learned for future bids and budgets.
• Risk Management:
  • Conduct risk & opportunity analyses and monitor project risks.
  • Follow up on action plans and conduct ad-hoc analyses on estimating headwind cost implications.
  • Identify root causes of cost overruns and suggest effective mitigation plans.
• Process Improvement:
  • Support the creation and implementation of new cost controlling mechanisms and structures.
  • Execute process improvement actions and identify operational rhythms for functional alignment.
• Change Order & Claim Analysis:
  • Coordinate functional estimates for change order costs.
  • Track variance to budget of approved change orders (actual vs planned spend).

Qualifications

• Bachelor’s degree in engineering or business
• Min. 5 years Proven experience in cost analysis, project management, or a related role.
• Strong analytical skills and attention to detail.
• Excellent communication and collaboration skills.
• Proficiency in Microsoft Excel and cost management software.

Requirements

• Mission-Driven Work: Contribute to the energy transition and sustainable growth initiatives.
• Professional Growth: Opportunities for career advancement and skill development in a forward-thinking industry.
• Collaborative Environment: Work with a diverse team of professionals in a supportive and innovative atmosphere.
• Competitive Benefits

Benefits

• For Employees/Candidates applying to a Canadian-based position, the pay range for this Lead position is between $105,000.00 - $145,000.00 CAD.
• Bonus eligibility: discretionary variable annual incentive bonus.
• Available benefits include 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.
• Retirement benefits include the GE Vernova Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions.
• Other benefits include tuition assistance, adoption assistance, paid parental leave, disability benefits, life insurance, 12 paid holidays, and permissive time off.