Job Description Summary

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.

Job Description

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).

Basic Qualifications:

• Bachelor’s degree in engineering or business

• Min. 5 years Proven experience in cost analysis, project management, or a related role.

Other desired skills:

• Strong analytical skills and attention to detail.

• Excellent communication and collaboration skills.

• Proficiency in Microsoft Excel and cost management software

What We Offer:

• 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

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. The specific pay offered may be influenced by a variety of factors, including the candidate's experience, education, and skill set.

Bonus eligibility: discretionary variable annual incentive bonus.

This posting is for an existing vacancy.

Additional Information

GE Vernova offers a great work environment, professional development, challenging careers, and competitive compensation. GE Vernova is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE Vernova will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).

Relocation Assistance Provided: No

#LI-Remote - This is a remote position

Applica