Construction Cost Management Analyst
New Today
As a Cost Management Analyst, you will assist and support the project management team with budget tracking, PO submissions, invoice reviews and other cost related activities. You will work with the Project Management team, the client's accounting and finance teams as well as other cross functional teams. You will collect, review, and present data that will assist with the development of multi-disciplined commercial real estate solutions for a dedicated client account. As a cost analyst you will all participate in cost estimates across all disciplines.
This is a hybrid position; with New England and / or Eastern Time Zone preferred. Will consider candidates in other locations based on skillset and ability to work the team and client's respective hours.
What You'll Do:
- Assist with budget tracking, PO submissions, change orders, invoice reviews to support the project management team across the portfolio and program for a dedicated client account.
- Develop, implement, and maintain project and portfolio cost sheets on behalf of the owner.
- Analyze project controls reports and present findings to the project management leadership team.
- Establish and maintain a Project Cost Commitments across the entire program, which monitors actual vs. estimated cost of purchase orders.
- Coordinate the preparation of project work orders as required Interface with projects financial and tax departments, Plant and General Accounting and Client Purchasing and Stores.
- Participate and work with project cost estimates and level bid responses, organize data, and generate reports for Sr. management.
- Work with project estimates and cash flow/budgets to monitor and communicate status, variances, trends and completion costs for projects and individual contractors. Report corrective action, as necessary.
- Review all applied costs toward allowances, contingencies, and reserves. Update the cost plan accordingly.
- Allocate monthly cost via applicable client applications and process journal entries as needed.
- Reconcile month end financials and update required reports across the portfolio and program.
- Review project Desktop Requisitions to ensure proper work order/accounting strings are utilized.
- Work with the project management team to manage project cash flows and forecasts, including review and reconciliation of estimates and change orders.
- Partner with client Plant Accounting to resolve any open items.
- Apply general knowledge of standard principles and techniques/procedures to accomplish assigned tasks and solve routine problems.
- Have some knowledge of standard principles with limited practical experience in applying them.
- Lead by example and model behaviors that are consistent with company values.
- Impact the quality of own work.
- Work within standardized procedures and practices to achieve objectives and meet deadlines.
- Exchange straightforward information, ask questions and check for understanding.
- Support the Project team in Project Closeout activities which include but are not limited to the following:
- Development of units of property and cost allocation.
- Resolve any cost discrepancies with Contracts Management and Project Manager.
- Release of retainage and lien waivers as well as material / cost reconciliation.
- Complete manual or adjusting journals entries to ensure material reconciliation.
- Review vendor invoices for accuracy and correct charge location.
- Prepare the release of all withholdings and close all funding approvals once complete.
- Other duties as assigned.
What You'll Need:
Applicants must be currently authorized to work in the United States without the need for visa sponsorship now or in the future.
- Bachelor's degree or equivalent experience in construction accounting, financial management or related field and financial management. In lieu of a degree, a combination of experience and education will be considered.
- Requires extensive knowledge of construction project finance and accounting, including but not limited project cost reporting.
- Ability to support the Project management team in project closeout activities.
- Ability to use existing procedures to solve standard problems.
- Experience with analyzing information and standard practices to make judgments.
- In-depth knowledge of Microsoft Office products. Examples include Word, Excel, Outlook, etc. Previous experience with Powerplan, Maximo software is highly preferred.
- Organizational skills with a strong inquisitive mindset.
- Intermediate math skills with the ability to calculate difficult figures such as percentages, fractions, and other financial-related calculations.
Disclaimer:
Please be advised that effective January 1, 2025, CBRE Project Management and Turner &Townsend was consolidated into a single global business entity. As a candidate applying for a position, you should be aware that while your initial employment may be with Turner & Townsend PJM US LLC, you will subsequently transfer directly to Turner & Townsend at a date to be determined.
Turner & Townsend carefully considers multiple factors to determine compensation, including a candidate's education, training, and experience. The minimum salary for this position is $70,000 annually and the maximum salary for this position is $100,000 annually. The compensation that is offered to a successful candidate will depend on the candidate's skills, qualifications, and experience. Successful candidates will also be eligible for a discretionary bonus based on Turner & Townsend's applicable benefit program. This role will provide the following benefits: 401(K), Dental insurance, Health insurance, Life insurance, and Vision insurance.
Equal Employment Opportunity: CBRE has a long-standing commitment to providing equal employment opportunity to all qualified applicants regardless of race, color, religion, national origin, sex, sexual orientation, gender identity, pregnancy, age, citizenship, marital status, disability, veteran status, political belief, or any other basis protected by applicable law.
Candidate Accommodations: CBRE values the differences of all current and prospective employees and recognizes how every employee contributes to our company's success. CBRE provides reasonable accommodations in job application procedures for individuals with disabilities. If you require assistance due to a disability in the application or recruitment process, please submit a request via email at recruitingaccommodations@cbre.com or via telephone at +1 866 225 3099 (U.S.) and +1 866 388 4346 (Canada).
- Location:
- Boston
