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Project Controls Specialist III - Cost Analyst

Owais Construction Group

Los Angeles, California

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JOB DETAILS
SKILLS
Accounting, Analysis Skills, Budget Management, Budgeting, Capital Project, Cash Flow, Change Management, Change Requests/Orders, Communication Skills, Construction, Construction Engineering, Construction Management, Consulting, Contract Close-Out, Contract Creation, Corrective Action, Cost Allocation, Cost Analysis, Cost Control, Cost Reporting, Data Collection, Data Entry, Data Management, Data Warehousing, Dental Insurance, Detail Oriented, Earned Value Management (EVM), Financial Analysis, Financial Compliance, Financial Projections, Financial Reporting, Financial Risk, Forecasting, Funding, Health Insurance, Internet Portal, Maintain Compliance, Microsoft Excel, Microsoft Office, Organizational Skills, Performance Analysis, Policy Development, Presentation/Verbal Skills, Procedure Development, Program Control, Project Control, Project Evaluation, Project Lifecycle, Project Schedule, Purchase Orders, Reconciliation, Reporting Dashboards, Resource Leveling, Risk Analysis, Risk Management, Root Cause Analysis, Schedule Development, Team Player, Training/Teaching, Trend Analysis, Variance Analysis, Vision Plan, White Papers
LOCATION
Los Angeles, California
POSTED
8 days ago
Benefits:
  • 401(k) matching
  • Dental insurance
  • Employee discounts
  • Health insurance
  • Paid time off
  • Training & development
  • Vision insurance
Position Description:
  •  Maintain and manage the accuracy and integrity of project budgets and financial forecasts, 
    ensuring compliance with established cost management procedures and policies. 
  • Collaborate with Project and Construction Managers in drafting white papers for project 
    establishment, re-baselining, and securing funding for capital projects.
  • Participate in monthly Estimate at Completion (EAC) reviews, collaborating with the Project 
    Management Office (PMO) to provide in-depth variance analysis and identify underlying causes
  • Allocate and manage Estimates to Complete (ETCs) for projects, including but not limited to change 
    order proposals, task order requests, online vendor portal requests, and PBAs to ensure continued 
    alignment with financial objectives.
  • Participate in the change management and risk assessment meetings to analyze cost-related 
    trends, risks, and exposures, contributing to proactive cost mitigation strategies.
  • Conduct detailed analysis of cost variances, performance data, and trends to identify potential 
    impacts on budgets, recommending corrective actions where necessary, ensuring financial data 
    aligns with project goals.
  • Perform monthly reconciliation of budget & costs to ensure month-end data reporting accuracy
  • Track and analyze trends in project costs and the effectiveness of mitigation plans, comparing 
    these against actual performance and forecasts.
  • Review project budgets and expenditures across multiple funding sources to ensure alignment with 
    overall financial goals and objectives.
  • Work with scheduling teams to assess the impact of cash flow and schedule performance on project 
    costs, identifying variances, cost overruns or underruns, and potential forecasting issues.
  • Review and analyze financial reports, cost performance, and progress data to ensure accuracy, 
    providing insights into potential financial risks on a regular and/or as needed basis.
  • Examine staffing plans to identify resource demand peaks and recommend cost-effective strategies 
    to level resources and reduce unnecessary financial strain.
  • Assist in preparation and validation of contract amendment exhibits, task order requests, and 
    change orders, PBAs for proper budget allocation, cost coding accuracy, and adherence to reporting 
    and financial standards ensuring alignment with project budget and cost tracking procedures.
  • Ensure compliance with BuildLACCD policies and procedures regarding cost management for capital 
    projects with multiple funding sources.
  • Generate detailed financial and budget reports for campus-specific budgeting, cost control, 
    auditing, and asset tracking using systems like Proliance, Deltek Costpoint, and other standard 
    office program & applications
  • Create and deliver tailored financial, budget, and schedule reports in response to directives from 
    the College Project Director (CPD) and other stakeholders.
  • Serve as the primary contact for College financial information requests from CPLT and the PMO, 
    providing timely and accurate budget and cost details.
  • Administer the processing of budget transfers, financial closeouts, contract requests, purchase 
    requisitions, amendments, PBAs, change orders and other necessary documentation into the cost 
    management systems.
  • Collaborate with the PMO to validate and collect project budget data, contributing to the 
    development of accurate dashboard reports for stakeholders.
  • Manage and reconcile project control data, ensuring accuracy in program control databases and 
    related financial reports.
  • Oversee the review and approval process for contractor and consultant payment applications, 
    ensuring financial accuracy and compliance.
  • Assist in assembling contract requests, purchase requisitions, amendments, PBAs, and change 
    orders, ensuring proper accounting treatment and alignment of supporting documents.
  • Assist in gathering physical completion data and perform necessary data entry to adjust project 
    budgets and forecasts accordingly.
  • Take on additional duties or special projects as needed to support cost management initiatives and 
    overall project success
Minimum Required Qualifications:
Required Experience:
  • 5 - 10 years’ experience professional experience in program and/or project controls on a
    construction program.
  • Experience working through the entire project lifecycle.
  • Knowledge of theories, principles and practices of cost/schedule management, earned value 
    management, change management, forecasting, and risk assessment.
  • Ability to present data to management in an organized manner.
  • Exceptional communication skills required.
  • Ability to adapt to changing requirements and situations.
  • Ability to work in a fast-paced environment.
  • Ability to work as part of a team.
  • Ability to perform in a business environment, maintaining professionalism in all communications
    and demeanor.
Preferred Qualifications
  • Experience utilizing Microsoft Office, Advanced Excel Skills, Proliance, Data-Warehouse or other systems used by a large capital program, and any educational facility experience
Required Education: 
  • BS/BA Degree in Engineering, Construction Management, Business or related degree. 
  • Additional four years of qualifying experience in excess to the minimum stated above may be substituted for the required education..
Compensation: $120,000.00 - $150,000.00 per year




About the Company

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Owais Construction Group

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