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Project Controls Specialist IV (Cost Analyst) - Construction
Owais Construction GroupLos Angeles, United Statesfull_timeVerifiedPosted 24 Sept 2025
💰 $143,000/yr($130,000/yr – $143,000/yr)
About the role
Benefits:
Position Description:
- 401(k) matching
- Dental insurance
- Employee discounts
- Health insurance
- Paid time off
- Training & development
- Vision insurance
Position Description:
- Oversee the integrity and accuracy of project budgets and forecasts in compliance with approved standard operating procedures.
- Actively participate in monthly EAC (Estimate at Completion) meetings, ensuring accurate validation, reviewing current EACs, and providing justification for any variances.
- Contribute to change management discussions by identifying emerging trends, risks, and exposure factors.
- Engage in Risk Assessment workshops, offering insights on potential financial impacts and identifying mitigation strategies.
- Conduct thorough cost variance analyses to identify trends and proactively address any potential budget impacts.
- Continuously monitor trends and associated mitigation plans, comparing projected versus actual performance over time.
- Review project budgets and expenditures, ensuring alignment with diverse funding sources and financial goals.
- Collaborate closely with schedulers to evaluate cost and schedule performance, identifying cost overruns, delays, and variances in planned versus actual expenditures.
- Review and analyze monthly cost reports and progress reports to ensure alignment with project financial objectives.
- Analyze staffing plans to identify potential cost impacts, such as excessive peaks, and provide recommendations for optimizing resource allocation.
- Validate cost coding and budget allocations for contract change orders and amendments, assessing potential impacts on project timelines and financials.
- Ensure that contracts, purchase orders, task order, change orders, and amendments are accurately budgeted and reported, with proper cost coding and financial oversight.
- Enforce cost management policies and procedures for capital projects, especially those with multiple funding sources.
- Allocate Estimate to Complete (ETC) amounts as required for PBA (Project Budget Adjustments), change orders, and other financial adjustments.
- Manage and monitor ETCs for each project to ensure timely and accurate tracking of financial changes.
- Create comprehensive reports related to budgeting, cost control, auditing, and asset tracking, utilizing systems like e-Builder, Proliance, DELTEK, and other relevant platforms used by the Program Management Office.
- Work closely with Project Managers and Construction Managers to maintain data coding structures, project control tools, and high-quality data for budgets, contracts, change orders, trends, and actual costs.
- Conduct budget and financial reconciliations, ensuring alignment between project forecasts, expenditures, and actual costs. Address discrepancies and implement corrective actions as necessary.
- Support management with the preparation of regular budget and cost reports, ensuring clarity and accuracy.
- Assist with preparing regular and ad hoc reports on project budgets, financial status, and forecasting for senior leadership.
- Provide support for weekly/monthly cost and status reports, keeping project teams informed of financial performance.
- Perform necessary data entry tasks related to budget and forecast updates.
- Develop and maintain change management logs in accordance with established processes and procedures.
- Travel to offsite project locations as required.
- Undertake additional duties and special projects assigned.
- 7 - 10 years minimum recent professional experience in project controls, particularly on a capital construction program.
- BS/BA Degree in Business Administration, Engineering, Project Management, Construction Management, and/or related degree. Additional years of qualifying experience in excess to the minimum stated above may be substituted in lieu of formal education.
- Strong analytical capabilities, with the ability to organize and interpret complex financial data.
- Proficiency in financial modeling and advanced Excel functions.
- Exceptional attention to detail, ensuring accuracy in data analysis and reporting.
- Advanced problem-solving skills and a strategic approach to financial management.
- Ability to communicate complex financial concepts clearly to non-financial stakeholders.
- Proven track record of working independently and meeting tight deadlines.
- Strong business acumen and understanding of organizational financial goals and objectives.
- Comfortable working in a fast-paced, dynamic environment.
- Proficiency i
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