Position Description: Prepare financial analyses, reports, and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects.
Reports to:When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.
Essential Duties & Responsibilities:
- Assess project financial risks and report project plan to mitigate risks.
- Accumulate, audit, and correlate information from all sources to produce required cost reports such as Budget Analysis Reports (BARs), special studies, and Cost-audited BARs (CABs); prepare interpretive analysis as required.
- Know project contract with Owner and Turner’s contractual rights.
- Work with project accounting to ensure costs are posted correctly to ledger.
- Audit budget report for accuracy and ensure it reflects all costs posted to ledger.
- Provide budget audit findings and ensure project makes all corrections.
- Analyze current budget reports, holds, and unboughts.
- Audit project forecast of General Conditions, General Requirements, staff and labor projections to accurately forecast costs.
- Audit project re-forecasted projections and studies as project conditions change.
- Participate in Operations Review Meetings (ORMs) with senior business unit management.
- Maintain complete knowledge of all general contract documents and relationship of job estimate to contract documents.
- Train and develop new Costs Analysts and project staff.
- Visit jobsites, evaluate project progress and conditions, and review findings with project management.
- Review current field conditions in trades and evaluate costs, Superintendent’s Instruction to Subcontractors (SISs), exposures, claims and recoveries.
- Act as bridge between Accounting and field staff.
- Monitor and understand project cash position.
- Participate in Payment Application creation and understand connection with Budget Report.
- Understand and audit SAP forecasting workbenches.
- Ensure proper contract review, Contract Authorization (CA), and Peckar & Abramson checklist to understand business deal, assumed contractual risks, and potential earnings impact.
- Establish Work Breakdown Structure (WBS) Element for allocation of costs, work with Engineering and Finance.
- Prepare final Cost Audited Budget Analysis Report (CAB), reconcile to final contract value and cost.
- Validate final revenue before final bill submission.
- Other activities, duties, and responsibilities as assigned.
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