Cost Analyst (00416) Job Listing at PMA Consultants in South Plainfield, NJ (Job ID 48b0d94f-8993-4137-922c-c2cac60d4a9d)

Description

Position Summary
PMA is currently seeking a Cost Analyst for an exclusive assignment to work on a portfolio of high-profile utility projects. Our Cost Analyst position is an excellent entrée into project controls and project management. 
The Cost Analyst is responsible for analyzing and managing the costs associated with the client's operations. This role involves reviewing financial data, conducting cost analysis, and providing actionable insights to improve cost efficiency and support operational decision-making. The Cost Analyst will collaborate with various departments to monitor and track operational expenses, identify cost-saving opportunities, and ensure accurate reporting of cost structures. Key responsibilities include preparing cost reports, analyzing variances, assisting with budgeting and forecasting, and contributing to the development of strategies to optimize operational performance. This position requires strong analytical skills, attention to detail, and the ability to communicate complex financial information to both financial and non-financial stakeholders.   Position Responsibilities

• Creates, maintains, analyzes, and reports on project costs, risks, and schedules. 
• Supports project cost management and control functions.  
• Utilizes cost management software tools with general proficiency.  
• Understands fundamentals of cost control and budgeting theory and basic characteristics of a sound cost management system.  
• With assistance re: subject scope, develops summary and detailed level cost estimates, produces a well-organized and complete model that accurately calculates project costs early, late, and planned costs.  
• Reviews contract documents to gather cost obligations and specifications and applies their requirements to cost deliverables.  
• Understands the concept of an original baseline, regular updates, and cost revisions.  
• Gathers and incorporates progress data into a cost update.  
• With guidance, supports the development of what-if analyses.  
• Studies cost data to identify trends, and notes anomalies for further review.  
• Applies target estimates, identifies variances, and pinpoints progress, scope, or financial changes precipitating the change.  
• Summarizes major themes; collaborates to develop insightful reports that effectively communicate the cost status to cost analysts and non-cost analysts alike.  
• Other duties as assigned.

Position Requirements

• Bachelor's degree in accounting or related field is required. 
• 0-2 Years of experience in some combination of cost control or financial data analysis required. 
• Experience with financial forecasts and cash flow required. 
• Ability to perform cost per unit analysis, cost progress reporting, and cost variance reconciliation required. 
• Cost accounting experience reviewing and processing invoices, accruals, and compliance required.   
• Demonstrated competency managing financial data with MS Excel required. 
• Strong communication and relationship-building skills required. 
• Experience with MS Word and PowerPoint preferred.  
• Experience with databases and reporting preferred.

Additional Requirements   Physical: Standing or sitting for long periods; must be able to lift up to 15 pounds at times and spend extended hours in front of a computer screen.   Cognitive: Problem-solving, written, and verbal communication skills; computer and software skills; and ability to read and interpret text online or in printed form.   About PMA   At PMA, employee well-being is a daily priority. We offer a combination of workplace options that include a PMA office location; work-from-home; or a client site. Wherever we work, we openly share knowledge as we believe that collaboration with peers improves our work product and that pursuing subject matter expertise is a lifelong endeavor.     We are committed to a culture of equity, diversity, and inclusion. We affirm and respect diverse backgrounds and opinions because we believe they yield the best solutions for our clients. We promote emotional intelligence and trust by nurturing these values within our new hires.     We encourage staff to develop rewarding, long-term careers at PMA, and we implement formal leadership development programs that help you attain your goals. At PMA, shared success is a core value. Every employee who contributes is recognized, celebrated, and rewarded. We look for self-driven candidates eager to assume responsibility and join a community of respect founded on collaboration and accountability, not titles. If you aim to transform the project management practice toward continuous improvement of project outcomes, the profession, and yourself, PMA looks forward to warmly welcoming you to our team.     We offer competitive pay and benefits, wellness programs for you and your family, and career development opportunities to advance your professional goals.     As a PMA professional, you will be empowered to make timely and effective decisions and significant daily contributions to complex facets of project delivery. Join a team that has achieved a world-class reputation in the construction industry and has been voted a “Best Place to Work.”    PMA offers competitive wages and comprehensive benefits, including medical, prescription, dental, vision, time off with pay, 401(k) with company match, life, disability, and professional development reimbursement for qualifying employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, sexual orientation, gender identity, or gender expression), disability, national origin, or any other characteristic protected by applicable laws, regulations, and ordinances. Qualified female and minority applicants are encouraged to apply.   EOE, including persons with disabilities and veterans.   VEVRAA federal contractor.  

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