Cost Analyst

Requirement:

Associate’s degree

Job description:

• Cost Planning & Estimating
• Budget Development: Prepare conceptual, schematic, and detailed design-phase cost estimates, establishing accurate baseline budgets and cost breakdown structures (CBS).
• Quantity Takeoffs: Perform comprehensive material takeoffs (QTO) using architectural and engineering drawings, technical specifications, and BIM models.
• Value Engineering (VE): Lead VE analyses during design phases to identify cost-saving alternatives without compromising structural integrity or design intent.
• Financial Management & Cost Control
• Budget Tracking & Earned Value: Monitor ongoing expenditures, committed costs, and work-in-place using Earned Value Management (EVM) to calculate Variance at Completion (VAC) and Estimate at Completion (EAC).
• Cash Flow Forecasting: Develop and update monthly cash flow projections and draw schedules to manage project liquidity and owner billing cycles.
• Change Order Management: Audit, negotiate, and validate subcontractor change order requests, evaluating pricing against market rates and contract allowances.
• Procurement & Vendor Auditing
• Contract Review: Assist procurement teams in drafting scope packages, evaluating trade contractor bids, and performing financial risk assessments on major vendors.
• Pay Application Verification: Review monthly payment applications (G702/G703) and lien waivers against verified field progress before authorizing disbursements.
• Project Closeout: Perform final financial reconciliations, settle contingency funds, and audit final subcontractor accounts.