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GE Vernova · 1 day ago

Cost Analyst - New Unit Projects

United States

Full-time

Remote

Mid, Senior Level

$100K/yr - $167K/yr

5+ years exp

GE Vernova is focused on transforming the energy sector and is seeking a Cost Analyst for their New Unit Projects division. The role involves driving cost reviews, tracking budgets, and minimizing project leakage while supporting multiple projects in parallel.

EnergyEnergy EfficiencySustainability

No H1B

Responsibilities

Development of cost execution plans (e.g., cost curves) by functions

Run weekly and monthly detailed cost reports by project scope

Monitor budget line items on weekly basis and identify variances above a threshold that should be escalated for mitigation

Maintain budget version control to ensure agreed budget changes are updated in budget forecast

Work with budget owners to estimate Cost to Complete based on actual costs, commitment costs, and potential variation orders

Work with scheduler to ensure project schedule aligned with cost curves

Support Bill of Quantity (BOQ) quantity tracking tied to unit costs (vs budget and latest forecast)

Work with business to prepare for PMR reviews on quarterly/bi-annual basis

Monitor/track CTC spend/release - leading indicators

Provide feedback to Sales/ITO/IPM on lessons learned for future bids/budgets - current gap

Run risk & opportunity analysis

Monitor project risks and follow up on action plans

Conduct ad-hoc analyses on estimating headwinds cost implications

Identify root cause of cost overruns and suggest mitigation plans

Partner cross functional to execute mitigation plans

Coordinate functional estimates for change order cost

Track variance to budget of approved change orders (actual vs planned spend)

Support creation & implementation of new cost controlling mechanism & structure

Execute process improvement actions

Identify operational rhythm and coordinate functional alignment

Qualification

Cost ManagementProject ManagementCost AnalyticsRoot Cause AnalysisFinanceCollaboration SkillsCommunication SkillsOrganizational Skills

Required

Bachelors degree in engineering, finance, or related technical major or equivalent experience

Minimum 5 years work experience in Cost Management, Project Management, Engineering or equivalent type experience / industry

Only candidates with experience in the following industries will be considered: Power/Energy, Utilities, Manufacturing, Power Plant Infrastructure /Construction

Must be legally authorized to work in the USA without sponsorship

Must be willing to work on East Coast time zone (EST) hours, possible relocation to Atlanta or Schenectady preferably

Preferred

Proven detailed cost analytics experience

Ability to support multiple internal customers and partners with competing priorities in a matrixed environment

Experience collaborating with multiple functions such as engineering, sourcing, manufacturing, projects and logistics

Demonstrated clear thinking, inclusiveness, collaboration skills, and organization

Root cause analysis and mitigation experience

Finance experience

Demonstrated ability to simultaneously manage multiple projects and other responsibilities, adjust to changing priorities and to make decisions with speed and accuracy based on available information

Excellent communicator (written and verbal presentations), with Excellent interpersonal skills

High say/do ratio