Project Cost Analyst

Project Cost AnalystITAC serves Process & Industrial clients with integrated engineering and construction services for complex capital projects. We also offer specialty services including power systems services and products, custom machine fabrication, and fall protection services and equipment. Founded in 1988 on a dream and a $5K loan, ITAC is a true success story. From humble beginnings to an ENR-Ranked Top Design Firm with a nationwide footprint and over 500 employees operating from 6 offices in Virginia, North Carolina and South Carolina, we provide Fortune 500 companies with innovative design-build solutions. We specialize in power generation & utilities, chemicals, food & beverage, forest products, advanced manufacturing, and minerals & metals.ITAC's purpose is to make life better. For our employees, this means providing them with the resources and flexibility they need to have both a rewarding career and a fulfilling family life. ITAC is 100% employee-owned. Through our Employee Stock Ownership Plan (ESOP) and Direct Stock Ownership, every team member has the unique opportunity to be an owner who shares in the company's growth and earnings. We offer our team a comprehensive benefits package and numerous employee incentives. Rooted in love, we serve and care for our employees like family.We hire passionate and motivated people with an innovative mindset and the desire to grow. If the thought of challenging, fast-paced projects excites you, then you've come to the right place. At ITAC, you'll be part of a collaborative team that works hard to make life better. For more information, visit itac.us.com.This is a seconded position, meaning the selected candidate will be employed by ITAC but work full-time on assignment with one of our clients. While day-to-day responsibilities will be managed on-site with the client, ITAC provides ongoing support, resources, and benefits as your employer. This position is full time contract work anticipated to last 6 months with potential to direct hire with the client. The position will also require the employee work onsite at the client's West Haven, CT, and/or Piscataway, NJ location. Please only apply if these requirements are agreeable to you.OverviewWe are seeking a Project Cost Analyst to support a Client's portfolio of capital projects within an active manufacturing environment. This role will be responsible for monitoring, analyzing, and reporting project costs associated with capital and operational projects within an active manufacturing environment. The ideal candidate will have experience supporting industrial projects through budgeting, forecasting, cost tracking, and financial reporting while working closely with project managers, engineers, procurement teams, and leadership to ensure projects are delivered within budget.ResponsibilitiesDevelop and maintain project budgets, cost forecasts, and cash flow projections for factory transformation and capital improvement projects.Track, analyze, and report project expenditures against approved budgets and forecasts.Monitor project cost performance and identify variances, trends, and potential budget risks.Prepare cost reports, financial summaries, and project performance metrics for project teams and leadership.Support project managers in evaluating budget impacts related to scope changes, schedule changes, and unforeseen project conditions.Review contractor invoices, purchase orders, and project-related expenses to ensure accuracy and alignment with project budgets.Coordinate with procurement, accounting, and project teams to reconcile project costs and commitments.Assist in the development of cost estimates and budget planning for upcoming projects and project phases.Track committed costs, actual costs, accruals, and forecasted expenditures throughout the project lifecycle.Identify opportunities for cost savings and improved financial performance.Ensure project cost data is accurate, current, and properly documented in accordance with company standards.Support project audits and provide financial documentation as required.