Project Portfolio-Cost Analyst, Sr.

PRIMARY PURPOSE OF PROJECT PORTFOLIO COST ANALYST, SR. 

Responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded. Provide planning and cost-controlling support for all projects which includes variation reporting, monitoring of milestone progress to the preparation of customer billing processes, etc.

Essential duties and responsibilities:

• Provide project control support to the Project Management (PM) team which may include cost control and reporting, invoice tracking, account reconciliation, purchase order/work directive analysis, and project status reports as needed.
• Conduct budget status reviews, committed cost analysis, PO status, change order status, and act as an auditing function to ensure all budget variances are reviewed in a timely manner to avoid project cost overruns.
• Support development and implementation of robust change control processes directly tied to delegation of authority to ensure compliance with all company and industry standards.
• Provide detailed and management level cost reports for assigned area to include open commitments, forecasts, contingencies, and line-item variance analysis to the project budget and prior forecast versions.
• Develop and maintain overall project plan for assigned work areas and back up support as needed.
• Develop communications and reporting networks for data gathering, review, analysis and presentation of recommendations to ensure project remains on schedule and within budget.
• Develop, implement, and maintain cost control measures, reports, cash flows and forecasts on specific Projects and Programs.
• Basic understating of risk management tools R, Y,G, chart, etc.
• Facilitate forecasting/planning meetings.
• Generate reports in order to update the PM team concerning progress curves and updated monthly spend forecasts.
• Lead, coordinate and facilitate interactive planning sessions at each phase of the project to assist in overall project plan development and update forecasts.
• Prepare, submit, and track bills for payment.
• Research unexpected items and resolve inaccuracies.
• Manage all competing priorities as part of the assigned project.
• Gather, retain, and properly store of supporting documentation regarding the receipt of materials on projects.
• Deal with a wide variety of people with tact, courtesy, and professionalism.
• Speak clearly, both in person and by telephone, using a high level of verbal skills and listen carefully.
• Maintain regular, dependable attendance and a consistently high level of performance.
• Will work non-traditional hours as needed.
• Maintain a high regard for personal safety, for the safety of company assets and employees, and the general public.
• Other daily, weekly, monthly, or special project duties as identified and defined.
• Review invoicing for accuracy based on contractual constraints on a project-by-project basis.
• Ensure budget tracking against purchase orders or subcontracts.
• Generate purchase order information for processing and tracking.
• Serve as point of contact for project control related inquires.  
• Managing integrated data on multiple platforms.
• Facilitate Administrative Closeout procedure to formally closeout projects
• Other duties as assigned.

Minimum requirements:

Education:

• Bachelor’s degree from an accredited institution in Accounting, Business Administration, Finance or a related discipline.
• A minimum of five (5) to seven (7) years of direct work experience in project control or financial analysis may be considered as a substitute for a degree.

Experience/Specific Knowledge:

• Understand the overall basic terminology of a project’s principle practices and concepts, project cost forecasting and budgets.
• Must be able to understand the needs of the Project Manager and business unit(s) for which development work is being performed.
• Good basic math skills (addition, subtraction, multiplication, division, decimals, fractions, etc.).
• Advanced office equipment skills (phone, fax, printer/copier, files and orga