Position Description Prepare financial analyses reports and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects for Turner Constructions National Self Perform group. Reports to When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.
Essential Duties & Responsibilities Assess project financial risks and report project plan to mitigate risks. • Accumulate audit and correlate information from all sources to produce required cost reports such as Budget Analysis Reports (BARs) and special studies and Cost-audited BARs (CABs). • Prepare interpretive analysis as required. • Know project contract with Owner and Turners contractual rights. • Work with project accounting to ensure costs are posted correctly to ledger. • Audit budget report for accuracy and ensure it reflects all costs posted to ledger. • Provide budget audit findings and ensure project makes all corrections. • Analyze current budget reports holds and unboughts. • Audit project forecast of General Conditions, General Requirements, staff, and labor projections to accurately forecast costs. • Audit project re-forecasted projections and studies as project conditions change. • Participate in Operations Review Meetings (ORMs) with senior business unit management. • Maintain complete knowledge of all general contract documents and relationship of job estimate to contract documents. • Train and develop new Costs Analysts and project staff. • Visit jobsites evaluate project progress and conditions and review findings with project management. • Review current field conditions in trades and evaluate costs. • Superintendents Instruction to Subcontractors (SISs) exposures, claims, and recoveries. • Act as bridge between Accounting and field staff. • Monitor and understand project cash position. • Participate in Payment Application creation and understand connection with Budget Report. • Understand and audit SAP forecasting workbenches. • Ensure proper contract review, Contract Authorization (CA) and Peckar & Abramson checklist, to understand business deal assumed contractual risks and potential earnings impact. • Establish Work Breakdown Structure (WBS) Element for allocation of costs, work with Engineering and Finance. • Prepare final Cost Audited Budget Analysis Report (CAB) reconcile to final contract value and cost. • Validate final revenue before final bill submission. • Other activities, duties, and responsibilities as assigned.
Section 1: Project Financial Analysis
Position Description Prepare financial analyses reports and audit forecasts to confirm costs and effectively validate forecast financial outcome of assigned projects for Turner Constructions National Self Perform group. Reports to When assigned to and located at a specific project, responsible to the Project Engineer or Project Manager, reports to the Senior Cost Analyst.
Section 2: Essential Duties & Responsibilities
Assess project financial risks and report project plan to mitigate risks. • Accumulate audit and correlate information from all sources to produce required cost reports such as Budget Analysis Reports (BARs) and special studies and Cost-audited BARs (CABs). • Prepare interpretive analysis as required. • Know project contract with Owner and Turners contractual rights. • Work with project accounting to ensure costs are posted correctly to ledger. • Audit budget report for accuracy and ensure it reflects all costs posted to ledger. • Provide budget audit findings and ensure project makes all corrections. • Analyze current budget reports holds and unboughts. • Audit project forecast of General Conditions, General Requirements, staff, and labor projections to accurately forecast costs. • Audit project re-forecasted projections and studies as project conditions change. • Participate in Operations Review Meetings (ORMs) with senior business unit management. • Maintain complete knowledge of all general contract documents and relationship of job estimate to contract documents. • Train and develop new Costs Analysts and project staff. • Visit jobsites evaluate project progress and conditions and review findings with project management. • Review current field conditions in trades and evaluate costs. • Superintendents Instruction to Subcontractors (SISs) exposures, claims, and recoveries. • Act as bridge between Accounting and field staff. • Monitor and understand project cash position. • Participate in Payment Application creation and understand connection with Budget Report. • Understand and audit SAP forecasting workbenches. • Ensure proper contract review, Contract Authorization (CA) and Peckar & Abramson checklist, to understand business deal assumed contractual risks and potential earnings impact. • Establish Work Breakdown Structure (WBS) Element for allocation of costs, work with Engineering and Finance. • Prepare final Cost Audited Budget Analysis Report (CAB) reconcile to final contract value and cost. • Validate final revenue before final bill submission. • Other activities, duties, and responsibilities as assigned.