Cost Analyst

Contract Role Cost Analyst-HybridPosition Details: Cost Analyst-Hybrid, Detroit, MI Location: Detroit, MI - 48226 (Hybrid) Project Duration: 24+ Months Contract Pay rate: $58/hr. on W2Short Description: Monitors and analyzes project cost estimates, expenditures, and forecasts. Identifies areas of cost savings opportunities and alerts management of any cost variances.Complete Description: Key AccountabilitiesCollects, maintains, and analyzes planned vs. actual cost for assigned capital projects.Reports variances to project management team with detailed commentary to support process outputs.Assist the project management team as needed in the overall financial processes.Supports contract administration in the change control process by performing cost reviews.Reports & analyzes key performance metrics; prepare ad hoc analyses as requested by project management.Alert Project Managers and management of potential project overruns and provide recommendations on forecast placeholders.Review project charges for inaccuracies or mischarges.Review progress payments to ensure there is a clear understanding of when the milestone will be met, and expenses should be accounted for.Minimum Education & Experience RequirementsBachelor's degree in Business, Accounting or Finance with 5 years of job-relevant experienceOther Qualifications Preferred5 years of financial experienceMBA and/or CPAProfessional certification in cost control (Association for the Advancement of Cost Engineering or equivalent);Experience in operating system software utilized by the Corporation (e.g Maximo, SAP R/3, SRM, BW)Association for the Advancement of Cost Engineering (AACE) certificationProficient in Earned Value AnalysisProvides weekly reporting Purchase Order analysisAttend construction field updates and apply progress towards dataProficient in Excel - Power QueryExpertise with utilizing DatabasesSAP Work Mgt systemExposure to Primavera P6Analysis of Unbilled Liabilities, TimingExperience with PowerBIOther RequirementsWritten and verbal communication & advocacy skills consistent with the ability to present results of projects & research to all levels of the business unit, and engage in persuasive written & verbal interaction.Intermediate-to-advanced analytical and project management skills.Working knowledge of financial & economic analysis, project & risk management.Ability to analyze complex financial data & develop optimal recommendations & solutions.Ability to work in a 'team' and/or 'matrixed' structure, supporting multiple clients, procedures & policy.Copes with multiple demands from superiors, and/or subordinates & peers in a positive and evenhanded fashion; displays a calm demeanor under pressure.Well-developed organization and planning skills (typically acquired through at least 5 years of experience).Ability to apply project planning & implementation and/or continuous improvement principles (typically acquired through several years of experience in these areas) to affect tangible, positive outcomes.Proficiency in Excel, Word, and SAP sufficient to apply/support them with minimal instruction or guidance; this level of proficiency is typically attainable through 3+ year(s) of substantive experience with the applicationsAbout generis tek: generis tek is a boutique IT/professional staffing based in Chicago land. We offer both contingent labor & permanent placement services to several fortune 500 clients nationwide. Our philosophy is based on delivering long-term value and build lasting relationships with our clients, consultants and employees. Our fundamental success lies in understanding our clients' specific needs and working very closely with our consultants to create a right fit for both sides. We aspire to be our client has most trusted business partner.