Cost Analyst - New Unit Projects

Job Description Summary

Vernova Purpose

Come and join our powerful, unified force with the energy to change the world.

Our mission is BIG. Our TRANSFORMATION is key – bringing the right businesses together to LEAD the ENERGY TRANSITION. Our TEAM is ready.

GE 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 Description

What you’ll do

The 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

What you’ll bring:

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)

Eligibility Qualifications

• Must be legally authorized to work in the USA without sponsorship
• Must be willing to work on East Coast time zone (EST) hours, possible relocation to Atlanta are

What will make you stand out:

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

About Us

For U.S. based candidates only, for purposes of complying with U.S. pay transparency requirements, the base pay range for this position is $100,100-$166,800 USD Annual.

The specific pay offered may be influenced by a variety of factors, including the candidate’s experience, education, and skill set. This position is also eligible for a Variable Incentive (VIC) bonus of 10%.

*The Company pays a geographic differential of 110%, 120% or 130% of salary in certain areas.

This position will stay open on the career website until at least December 1, 2024.

Benefits Available to You:

GE employees rise to the challenge of building a world that works. In order to meet this mission, we provide varied, competitive benefits to help support our workforce: https://jobs.gecareers.com/global/en/ge-career-benefits

• Our compensation & benefits are designed to help you manage your personal and family needs, while rewarding high performers. We offer a robust benefits package depending on your employment status and your national requirements.
• A healthy, balanced lifestyle can mean different things to different people. We've created programs that support the way you live and work today.
• GE invests to provide opportunities to grow your career by providing a path for continued on-the-job learning and development.

Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling, and referral services.

Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401(k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants.

Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.

General Electric Company, Ropcor, Inc., their successors, and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a Sponsor”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor’s welfare benefit plan or program. This document does not create a contract of employment with any individual.

About GE Gas Power

GE Gas Power engineers cleaner, more accessible energy that people depend on, powering growth and prosperity for people everywhere. Our leading technologies produce a third of the world’s electricity thanks to our talented people, who make gas work for our customers, stakeholders and the world. Through relentless innovation and continuous partnership with our customers, we are building the energy technologies of the future and providing the cleaner, more efficient power people depend on today.

GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).

Relocation Assistance Provided: Yes

LI-Remote - This is a remote position