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Project Controls Specialist III (Cost Analyst)

Project Controls Specialist III (Cost Analyst)

CMP ServicesLos Angeles, CA, United States
5 hours ago
Job type
  • Full-time
Job description

CMP Services seeks a Project Control Specialist (Cost Analyst) to support LACCD’s at Los Angeles Harbor College capital program. Role includes managing budgets, forecasts, and cost controls, participating in EAC reviews, risk workshops, and change management, while analyzing variances and ensuring compliance. Collaborate with project teams to track financial performance, validate change orders, and deliver accurate reports to support informed decision-making.

Position Description :

  • Oversee the integrity and accuracy of project budgets and forecasts in compliance with approved

standard operating procedures.

  • Actively participate in monthly EAC (Estimate at Completion) meetings, ensuring accurate validation, reviewing current EACs, and providing justification for any variances.
  • Contribute to change management discussions by identifying emerging trends, risks, and exposure factors.
  • Engage in Risk Assessment workshops, offering insights on potential financial impacts and identifying mitigation strategies.
  • Conduct thorough cost variance analyses to identify trends and proactively address any potential budget impacts.
  • Continuously monitor trends and associated mitigation plans, comparing projected versus actual performance over time.
  • Review project budgets and expenditures, ensuring alignment with diverse funding sources and financial goals.
  • Collaborate closely with schedulers to evaluate cost and schedule performance, identifying cost overruns, delays, and variances in planned versus actual expenditures.
  • Review and analyze monthly cost reports and progress reports to ensure alignment with project financial objectives.
  • Analyze staffing plans to identify potential cost impacts, such as excessive peaks, and provide recommendations for optimizing resource allocation.
  • Validate cost coding and budget allocations for contract change orders and amendments assessing potential impacts on project timelines and financials.
  • Ensure that contracts, purchase orders, task order, change orders, and amendments are accurately budgeted and reported, with proper cost coding and financial oversight.
  • Enforce cost management policies and procedures for capital projects, especially those with multiple funding sources.
  • Allocate Estimate to Complete (ETC) amounts as required for PBA (Project Budget Adjustments), change orders, and other financial adjustments.
  • Manage and monitor ETCs for each project to ensure timely and accurate tracking of financial changes.
  • Create comprehensive reports related to budgeting, cost control, auditing, and asset tracking, utilizing systems like e-Builder, Proliance, DELTEK, and other relevant platforms used by the Program Management Office.
  • Work closely with Project Managers and Construction Managers to maintain data coding structures, project control tools, and high-quality data for budgets, contracts, change orders, trends, and actual costs.
  • Conduct budget and financial reconciliations, ensuring alignment between project forecasts, expenditures, and actual costs. Address discrepancies and implement corrective actions as necessary.
  • Support management with the preparation of regular budget and cost reports, ensuring clarity and accuracy.
  • Assist with preparing regular and ad hoc reports on project budgets, financial status, and forecasting for senior leadership.
  • Provide support for weekly / monthly cost and status reports, keeping project teams informed of financial performance.
  • Perform necessary data entry tasks related to budget and forecast updates.
  • Develop and maintain change management logs in accordance with established processes and procedures.
  • Travel to offsite project locations as required.
  • Undertake additional duties and special projects assigned.

    • Minimum Required Qualifications :

  • 5 - 10 years’ experience professional experience in program and / or project controls on a construction program.
  • BS / BA Degree in Engineering, Construction Management, Business or related degree. Additional qualifying experience in excess to the minimum stated above may be substituted for the required education on a year for year basis.
  • Experience working through the entire project life cycle
  • Knowledge of theories, principles and practices of cost / schedule management, earned value management, change management, forecasting, and risk assessment
  • Ability to present data to management in an organized manner
  • Exceptional communication skills required
  • Ability to adapt to changing requirements and situations
  • Ability to work in a fast-paced environment
  • Ability to work as part of a team
  • Ability to perform in a business environment, maintaining professionalism in all communication and demeanor

    • Preferred Qualifications :

  • Experience utilizing Microsoft Office, Advanced Excel Skills, Proliance, Data-Warehouse or other systems used by a large capital program, and any educational facility experience.
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    Project Cost Analyst • Los Angeles, CA, United States