Cost Analyst

Cleveland, OH 44115

Posted: 10/30/2019 Job Number: 13383719

Job Description

Integrated Talent Strategies (ITS) is seeking a Cost Analyst / Cost Controls to work in the Cleveland, OH area. This position offers a variety of great benefits, including health insurance, 401(k), and paid time off.

  • Prepare financial analysis, reports, and forecasts necessary to establish both current costs and to effectively forecast the financial outcome of the projects assigned.
  • Accumulate, audit and correlate information from all possible sources to produce cost reports such as Indicated Outcome Reports (IORs), Budget Analysis Reports (BARs), and cost-audited BARs required for the project. Prepare analysis as required.
    • Know the company’ s contracts with the contracting entity and the company’ s contractual rights.
    • Work with project accounting to ensure costs are correctly posted to the ledger.
    • Audit budget report for accuracy and ensure that all costs posted to the ledger have been accurately reflected within the budget report.
    • Confer with the management to correct the budget report.
    • Analyze current budget reports, holds and unboughts.
  • Assess risk on projects and make appropriate recommendations to mitigate those risks.
  • Assist project team to prepare General Conditions, General Requirements, staff and labor projections to accurately forecast costs (including accurate forecast of insurance and taxes).
  • Reforecast projections accurately as project conditions change.
  • Report and accurately forecast indicated outcomes of projects.
  • Participate in Operations Review Meetings (ORMs).
  • Complete knowledge of all general contract and subcontract documents, as well as job estimate and its relationship to the contract documents.
  • Visit jobsites to evaluate project progress, conditions and review with project management. Review current field conditions in trades and evaluate costs, exposures, claims and recoveries.
  • Act as a liaison between Accounting and Logistics Manager.
  • Monitor and understand the cash position of the project.
  • Create Payment Application and understand its connection with the Budget Report.
  • Forecast workbenches in SAP and be able to train field staff.
  • Set up the proper Work Breakdown Structure (WBS) to be used for the allocation of costs via Project Setup.
  • Assist in closing out a project and validate the final revenue before the final bill is submitted.
  • Prepare final Cost Audited Budget Analysis Report/Indicated Outcome Report (CAB/IOR) to reconcile to the final contract value and cost.
  • Bachelor’ s degree in Accounting/Finance, Engineering, Construction Management
  • Four years related experience (will consider non-degreed candidates that have more experience)
  • Proficiency with computer applications, including Microsoft Office Suite, and SAP would be a plus.
About Integrated Talent Strategies (ITS) 

ITS is an international recruiting and staffing firm specializing in Engineering, Technical and Professional positions.  Founded in 1984 as a subsidiary of an engineering firm, ITS continues to remain a strategic partner for the job seeker.   

Our clients include some of the largest and most respected architectural, engineering, and manufacturing companies in business today.  Our ability to offer a wide range of services, and the flexibility to adjust to the changing needs of our clients, has allowed us to maintain a solid reputation for several decades. 

Benefits include medical, dental, and vision insurance; 401(k) with a company match; paid holidays and vacations; tuition reimbursement.  To learn more, go to www.Wehirepeople.Com or click below to directly contact your recruiter.
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