Lead Cost Control Engineer
GE Vernova · Posted Oct 8
Power generation, wind turbine, grid solution, and electrification services
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About the role
GE Vernova's Project Controls team provides insights and recommendations to influence the execution of projects and maximise value to both customers and GE, requiring rigor around schedule and cost management processes to deliver projects on-time and within budget. The role sits within Customer Project Management / LPB and covers large and complex turnkey infrastructure projects, including HV substations. The Lead Cost Control Engineer maintains project cost to complete budgets, forecasts and verifies actual costs, challenges budget at completion, and communicates cost status, risks and mitigation plans to budget holders, finance and project leadership.
What you will do
- Maintains project cost to complete budgets in alignment with as sold position and in coordination with budget holders, consistently with actual progress and trend
- Supports forecast estimation and verifies the accuracy of the actual to date cost (material, labor, manufactured costs, suppliers’ invoices, timesheets, travel expenses.).
- Drive and challenge budget at completion, with analysis through various means (earned value, productivity, cost ratio, market trends…).
- Validates accuracy of estimates
- Develop mitigations / catch up plans in alignment with functional leaders and Project Manager
- Aligns with project team and time schedule to ensure forecasted cost risks are accurately captured and costs time phased.
- Checks and controls cost movements, compares with current scope and progress as well as with previous forecast.
- Communicates cost status / forecasts /risk to budget holders and drives / supports risk mitigation and cost out.
- Presents all financial data in a transparent way, attends project and management review to present cost status, budget deviations and root causes.
- Aligns with Finance Controller to ensure reconciliation takes place between approved project financial data and books.
- Aligns with planner to ensure costs and schedule are aligned, providing time phased cost forecasts for sales pacing.
- Reports on cost movement root causes impacting sales targets.
- Support disputes and analysis of claims
Skills used in this role
What the employer is looking for
- Degree qualified either in engineering (with financial awareness), or in finance (with good understanding of scope content on HV substations).
- Minimum 5 years experience of cost controls / project controls / project management on large & complex or turnkey infrastructure projects.
- Experience in risk management processes and tools.
Preferred qualifications
- Knowledge of ERP systems is an asset (SAP preferred).
- Experience managing small teams within a large project is an asset.
- Project planning experience / good P6 planning software understanding is an asset.
Benefits and support
- Relocation assistance
About GE Vernova
GE Vernova Inc. is a global energy company that provides equipment, services, and software to generate, transfer, orchestrate, convert, and store electricity. Operating through its Power, Wind, and Electrification segments, the company supports a broad customer base across more than 100 countries in powering economies and driving the energy transition. Formed as part of the strategic spin-off of General Electric's energy portfolio, GE Vernova is dedicated to electrifying and decarbonizing the world.
- Industry
- Energy
- Company size
- 75000+ employees
- Founded
- 2024
- Location
- Cambridge, Massachusetts, USA
- Funding stage
- Public Company
Leadership
Chief Executive Officer and President
Stephen F. Angel
Chairman of the Board
Lola Lin
Chief Legal Officer and Secretary
Roger Martella
Chief Corporate Officer, Chief Sustainability Officer & Head of Global Government Affairs
Eric Gray
CEO, Power Segment
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