Cost Analyst

3 days ago

Bengaluru, India GE Renewable Energy Technologies Full time
Job Description SummaryGE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life. If we want our energy future to be different…we must be different.

We have an immediate need for a Cost Analyst in our New Unit Projects division.

In this role, the Cost Analyst will be responsible for driving cross functional cost walks from OTR (order to remittance) budget at handover through completion of a new unit project. Come join our New Units Team and be a part of the impactful future we are creating here at GE.Job DescriptionThe following activities will part of the responsibilities of the cost analyst on multiple projects in parallel:Cost tracking
  • 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 (Inquiry to Order)/IPM (Internal Project Manager ( on lessons learned for future bids/budgets - current gap

Minimize leakage

  • Run risk & opportunity analysis
  • Monitor project risk release
  • Conduct ad-hoc analyses on estimating headwinds cost implications

Cost out analysis

  • Provide cost out team with cost line item assumptions
  • Support initiative owners to estimate savings associated with their cost-out ideas using GE internal cost benchmark data

Change order analysis

  • Coordinate functional estimates for change order cost
  • Track variance to budget of approved change orders (actual vs planned spend)

Claim analysis

  • Estimate costs associated with claims projects claims

Required Qualifications

  • 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 (Ideal Industries: Utilities, Construction, Finance, Power/Energy, Manufacturing)

Desired Characteristics

  • Proven detailed cost analytics experience
  • Experience in multiple functions such as engineering, sourcing, manufacturing, projects
  • Demonstrated clear thinking, inclusiveness, collaboration skills, and organization
  • Cost out and/or 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
  • Ability to support multiple internal customers and partners with competing priorities in a matrixed environment,
  • Excellent communication (written and verbal), and influencing skills
  • High say/do ratio
  • Excellent interpersonal skills
Additional Information

Relocation Assistance Provided: No

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