Job Description
1. Cost Management: Develop and implement a comprehensive cost management strategy for the MegaProject, including cost tracking, forecasting, and cost reduction plans. Conduct cost analysis and cost trending to identify variations between budgeted and actual costs. Analyze historical project data to develop cost trends and benchmarks for current and future projects.
2. Change Management: Develop, implement and manage the Project Change Management program in a multi-interface fast tracked mega project. This includes internal and external change management (cost & schedule). Evaluate and quantify the impact of project changes, including scope changes, variations, and contract amendments. Assess the cost implications of change orders and negotiate with contractors or suppliers when necessary.
3. Budgeting and Forecasting: Lead the budgeting process and provide regular forecasts of project costs to ensure alignment with financial goals. Develop and maintain cost forecasts for ongoing projects. Utilize cost data and trends to predict potential cost overruns or savings and provide recommendations for mitigation. Collaborate with project managers to ensure that cost controls are in place and budgets are adhered to.
4. Variance Analysis: Monitor actual costs against budgets and analyze variances, providing recommendations for corrective actions as needed.
5. Performance Metrics & Reporting: Define and track key performance indicators (KPIs) related to cost management and provide regular reports to senior management. Develop, implement and manage a cost management reporting plan
(include weekly and monthly reporting/ presentations). Communicate cost trends and potential issues to project teams and senior management.
6. Compliance: Ensure compliance with financial regulations and industry standards in cost reporting and management.
7. Leadership: Provide leadership and mentorship to the Execution team to foster a culture of cost-consciousness and continuous improvement
8. Continuous Improvement: Stay up-to-date with industry best practices and emerging cost management technologies to drive ongoing process improvement. Implement cost control best practices and seek opportunities for process improvements.
We are a company committed to creating diverse and inclusive environments where people can bring their full, authentic selves to work every day. We are an equal opportunity/affirmative action employer that believes everyone matters. Qualified candidates will receive consideration for employment regardless of their race, color, ethnicity, religion, sex (including pregnancy), sexual orientation, gender identity and expression, marital status, national origin, ancestry, genetic factors, age, disability, protected veteran status, military or uniformed service member status, or any other status or characteristic protected by applicable laws, regulations, and ordinances. If you need assistance and/or a reasonable accommodation due to a disability during the application or recruiting process, please send a request to HR@insightglobal.com.To learn more about how we collect, keep, and process your private information, please review Insight Global's Workforce Privacy Policy: https://insightglobal.com/workforce-privacy-policy/.
Required Skills & Experience
· Bachelor's degree in Business, Data Analytics, Project Management, Construction Management, or relevant mega project experience
· Extensive experience (minimum of 5 years and typically 10+ years) in cost management, budgeting, and financial analysis, with a significant portion of that experience in the complex industrial process industry.
· Strong knowledge cost management processes and cost structures at EPC project.
· Proficiency in financial modeling and cost analysis tools.
· Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
Benefit packages for this role will start on the 1st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.