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Senior Cost Specialist
Quanta Infrastructure Solutions GroupUnited Statesfull_timeVerifiedPosted 20 Jan 2025
About the role
Job Description – Senior Cost Specialist
General Description
The Senior Cost Control Specialist will be responsible for assisting the Project Managers, Operations Directors, and other project team members with all facets of project cost control and execution.
Key to this role will be the ability to effectively liaise between Project Management, Operating Unit Partners, Project Controls, and Project Accounting regarding both Cost Analysis functions to ensure appropriate information sharing and risk/performance management.
The Senior Cost Control Specialist will be responsible for effectively capturing, tracking, and measuring a broad range of project budgets, actual and forecast cost, change management, risk and contingency management, project billings, accounts receivable, accounts payable and project valuation information to satisfy QISG monthly close, and Quanta / Client reporting requirements.
This position will be expected to guide and transfer knowledge to junior project controls individuals as needed.
Work assignments may include multiple concurrent projects. While not otherwise involved in project-specific work, the Senior Cost Control Specialist will support other project and proposal efforts.
The Senior Cost Control Specialist understands the entire Cost Analysis functions, with responsibilities as follows:
General Project Controls Duties
Cost Control Duties
General Description
The Senior Cost Control Specialist will be responsible for assisting the Project Managers, Operations Directors, and other project team members with all facets of project cost control and execution.
Key to this role will be the ability to effectively liaise between Project Management, Operating Unit Partners, Project Controls, and Project Accounting regarding both Cost Analysis functions to ensure appropriate information sharing and risk/performance management.
The Senior Cost Control Specialist will be responsible for effectively capturing, tracking, and measuring a broad range of project budgets, actual and forecast cost, change management, risk and contingency management, project billings, accounts receivable, accounts payable and project valuation information to satisfy QISG monthly close, and Quanta / Client reporting requirements.
This position will be expected to guide and transfer knowledge to junior project controls individuals as needed.
Work assignments may include multiple concurrent projects. While not otherwise involved in project-specific work, the Senior Cost Control Specialist will support other project and proposal efforts.
The Senior Cost Control Specialist understands the entire Cost Analysis functions, with responsibilities as follows:
General Project Controls Duties
- Support or modify Project Controls Execution Plan (PCEP),
- Assist with staff development,
- Adheres to internal standards, policies, and procedures,
- Supports internal and external audits,
- Responsible for ad hoc requests and inquiries, as required.
Cost Control Duties
- Establish, maintain, and update cost control budgets, actuals, and forecasts within QISG cost control system via Cost Breakdown Structure (CBS)
- Prepares, manages, and updates project budgets, budget transfers, through the Prime and Subcontract change management process (including change logs)
- Supporting project change processes by helping to create, review and track project deviation notices and variations
- Manage impact of changes & trends with discipline leads, operating units and project management
- Actively manage cost forecast; raise and facilitate the trend process; updates to forecast and cost flow
- Manage Internal Operating Unit (OpU) and 3rd part subcontractor budgets, commitments, actuals and forecasting
- Manage material and equipment vendor budgets, commitments, actuals and forecast, including tracking cancellation clauses
- Developing, reviewing and validating data with discipline leads for cost reporting data, incurred cost, earned value and forecast
- Communicate with project team, receiving regular status and forecast updates
- Quality Control (QC) and analysis of project controls deliverables including Estimate at Completion (EAC) changes
- Develop and maintain professional services staffing plans
- Calculate, explain, and report variances, performance, and other project metrics, including Cost Performance Index (CPI), Schedule Performance Index (SPI), Manpower, Progress and Productivity
- Calculate and explain value of work done and accruals for all aspects of project cost
- Performs change and risk management responsibilities; identif
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