Senior Cost Analyst

Senior Cost Analyst

My client is looking for a Senior cost analyst for an initial 9 month contract, based in the clients offices in central London 

Inside IR35 (Umbrella/PAYE only)

1. Experience in cost reporting and visualization of data
2. Work from clients offices
3. Job Spec detailed below

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Job Spec is as below:
The provision of Cost Analyst services to the Host and/or Group Company(s) in relation to certain projects and such other projects as required from time to time, including but not limited to the following:
- Support Project Commercial Managers & PDs in developing project cost plans.
- Report project costs planned v actual and forecasts, and identify and explain variances in a timely and accurate basis.
- Develop work cash flows and manage invoicing relationships, including understanding impact on project level cashflow
- Communicate with both the project team and the management team to resolve cost issues.
- Aggregate cost plan from project level into a group level view, providing overall ownership of changes in cost plan and communicating rationale and project impact
- Report on Earned Value metrics and provide detailed analysis.
- Ownership of cost data input to monthly project reports, closely collaborating with Investment and Finance team to manage business case
- Presentation of cost reports/issues at Management meetings.
- Understand project controls requirements and seek to improve if required (Works information).
- Ensure costs are captured correctly in line with estimates and ensure financial data reported reflects a ‘true and fair’ view (e.g. to ensure that Actual Cost of Work Performed (ACWP) and BCWP reflects a complete picture at any point in time)
- Validate and interrogate cost report information being received from Project Cost Management Lead and external cost management partners.
- Validate and interrogate supply chain data to assist in accurate cost forecasting and trending and work with the supply chain to understand variances, drive cost accuracy and timely and accurate reporting
- Provide reliable & accurate Estimate to Completion (ETC) and Expenditure (ACWP) based on Value of Work Done
- Conduct full and detailed Cost Performance Index (CPI) & Cost Variance (CV) analysis and subsequent root cause analysis, followed by provision of narrative, recommendations & recovery plans
- Responsible for monthly Estimate at Completion (EAC) reviews and liaise closely with Project Manager and Programmes to inform of forecast and any changes
- Monitor contingency requirements and liaise with Project Team regarding contingency management
- Provide trended data to the Line Manager & PDs based on performance trends to date and emerging trends.
- Participate in the preparation of cost studies utilising historical data. Developing benchmarking information to meet specific needs.
- The duties/responsibilities defined above may be supplemented by further duties as defined by the relevant Functional Leads.