Cost Analyst

Title: Cost Analyst Duration: Long Term Location: Midland, TX Travel Requirements: Per diem offered - Candidate must work office in Midland Texas Increase your chances of an interview by reading the following overview of this role before making an application. Position Summary The Project Cost Analyst provides Cost Control guidance, governance, and financial oversight for a portfolio of projects. This role is responsible for establishing control budgets, forecasting, and analyzing variances to ensure project financial integrity. The Analyst acts as a strategic partner to Project Managers and Finance teams, ensuring all project expenditures are tracked, measured, and reported accurately from inception through closeout. Core Responsibilities Cost Management & Reporting: Develop and maintain project cost reports, forecasts, and variance analyses. Generate semi-monthly program metrics and monthly financial reports for Finance and senior leadership. Budget Oversight: Monitor project expenditures against approved budgets and Authorizations for Expenditure (AFE). Provide early warning of potential cost overruns and identify opportunities for cost savings. Financial Validation: Review and validate invoices, purchase orders, and contracts for compliance with specific cost coding and budget allocations. Forecasting & Planning: Support the preparation of cost estimates for new projects and change orders. Assist in cash flow forecasting and long-term financial planning. Earned Value & Risk: Apply Earned Value Management (EVM) principles to identify and analyze cost risks. Participate in "Health Checks" to verify the effective implementation of cost and schedule processes. Systems Maintenance: Maintain cost control systems and ensure data integrity within management software. Identify and resolve reporting errors while streamlining processes for better efficiency. Stakeholder Collaboration: Work closely with Project Managers, Planners, and support groups (Engineering, Procurement, Construction) to provide financial insights and data-driven recommendations. Experience & Qualifications Education: Bachelor’s degree from an accredited university (Business Administration, Engineering, or Construction Management preferred). Industry Experience: 2–4 years of experience in cost management and project controls. Previous experience with major EPC operators or within the Oil & Gas/Energy industry is highly preferred. Technical Proficiency: Advanced skills in Excel, PowerPoint, and Word. Experience with cost control and ERP software (e.g., SAP, Oracle, or EcoSys). Familiarity with data visualization tools like Power BI and document sharing platforms (SharePoint/OneDrive). Core Competencies: Solid understanding of project processes and life cycle stage gates. Familiarity with project planning and scheduling workflows. Strong analytical skills with the ability to manage a heavy workload Excellent communication skills for presenting financial data to audiences ranging from project teams to executive boards. Working Conditions Ability to work effectively with teams dispersed over multiple geographic locations. xywuqvp Capable of working with low supervision to achieve group results and project closeout activities.