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Cost Manager - Midland, United States - Aston Carter
Description
:Business Justification:
Effective monitoring and reporting of project costs and project management consultation are critical for project success. The Project Controls Cost Management Specialist provides a baseline cost and forecast to ensure that the project team and business leadership understand the project's progress as well as any issues or concerns during execution.
Assists the project managers and project engineers to ensure the utilization of cost management best practices to achieve project objectives. This position works with the project leadership team to ensure accurate and timely cost controls are implemented and maintained during the project lifecycle.
Primary Responsibilities/Accountabilities:
Derive the cost baseline based on project plans, baseline estimates, and baseline schedule.
Work closely with the project estimator to ensure that project estimation is done in a conceivable manner for cost control and that cost breakdown is uploaded into the SAP breakdown structure.
Provide project team with up-to-date commitment, spending, deviation, and forecast information needed to appropriately manage project budget and costs.
Analyze project commitments and spending to ensure that each item is within project scope and aligns with the project estimate.
Communicate with project team members to determine the current status of assigned projects.
Investigate and resolve discrepancies between expected and actual planned spending and commitments.
Use project knowledge from various sources, including SAP and the chosen cost control software, project schedule, project team, and contractors, to develop a forecast that is accurately cash-flowed across time.
Investigate and resolve discrepancies between expected and actual planned spending and commitments.
Ensure cost deviations and project change orders are accurately recorded and reflected in the project data and forecast.
Monitor all charges for accuracy, timeliness, reporting, correction, reconciliation, and distributions and pursue corrections/transfers when appropriate.
Use project knowledge from various sources, including SAP, project schedule, project team, and contractors, to develop a forecast that is accurately cash-flowed across time. Issue monthly projects ITC (Indicated Total Cost)
Coordinate with Project Manager and cost accountants to book project accruals when needed.
Ensure Project Controls Reports (face sheet) are issued to the project team in accordance with documented Project Controls Plans (frequency, format, etc.).
Provide final cost data to the project team at project closure and aid in the final project look back and lessons learned to report.
Assist in Project Closures and resolving SAP issues.
Validation of project schedules using commercial software like Deltek.
Participate in the risk management process and communicate QPA dates to the Risk Lead.
Tracking of project changes to Budgets, Forecasts, Commitments, and Available Costs by way of trends, scope changes, budget transfers, and other such baseline deviations.
Additional Skills & Qualifications:
Soft Skills Required
Self-motivation and ability to work with minimum direct supervision.
Time management skills including the ability to manage a substantial workload.
Experience in working in a multi-function team environment.
Demonstrated ability to learn quickly and desire to expand knowledge and grow professionally.
Ability to plan, prioritize, and execute multiple concurrent activities and deliver on commitments under tight time constraints.
Ability to work in a team environment to deliver per project objectives.
Strong ability in listening and communication, including remote connections and conference or video calls.
Comfortable working with colleagues with a variety of backgrounds.
Focused on delivering effective and tangible results.
Interpersonal skills, confidence, and ability to form good working relationships and negotiate effectively with internal and external contacts.
About Aston Carter:
Aston Carter provides world-class corporate talent solutions to thousands of clients across the globe. Specialized in accounting, finance, human resources, talent acquisition, procurement, supply chain and select administrative professions, we extend the capabilities of industry-leading companies. We draw on our deep recruiting expertise and expansive network to meet the evolving needs of our clients and talent community with agility and excellence. With offices across the U.S., Canada, Asia Pacific and Europe, Aston Carter serves many of the Fortune 500. We are proud to be a ClearlyRated Best of Staffing double diamond winner for both client and talent service.
Diversity, Equity & Inclusion
At Aston Carter, diversity and inclusion are a bridge towards the equity and success of our people. DE&I are embedded into our culture through:
+ Hiring diverse talent
+ Maintaining an inclusive environment through persistent self-reflection
+ Building a culture of care, engagement, and recognition with clear outcomes
+ Ensuring growth opportunities for our people
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email ) for other accommodation options.
