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Job Title: Cost Analyst



Town / City: Chaguanas & Port of Spain

Job Type: Permanent full-time

Job description:

Cost Analyst

Chaguanas / Port-of-Spain

Job Scope: 

The Cost Analyst is responsible for ensuring the provision of a high standard of Cost Control Support Services including those of Project Estimating (where required), Budget Control, Cost Control and Integrated Cost-Schedule Performance Analysis & Reporting.

Key Duties:  

  • Full working knowledge of client contracts with Massy Wood, must be able to speak to Commercial contract clauses and risk where necessary.
  • Full working knowledge of Project Controls and interfaces with Planning and Estimating.
  • Work with all relevant project and discipline personnel to ensure that cost control procedures are adhered to.
  • Prepare Cost Time Resources (CTR’s) for approval by client.
  • Prepare change requests for approval by client where necessary.
  • Reviewing cost commitment and expenditure information (for all cost elements), for input to the computerised cost control and reporting system (Mpower) on a weekly basis and ensuring that all information received is accurate and correctly input.
  • Prepare monthly/weekly cost reports and advise key stakeholders of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner, highlighting areas of concern and suggesting areas of improvement. Each cost report should clearly demonstrate the progress of Cost Performance Index (CPI) per project.
  • Measurement of Earned Value (EV) for each project.
  • Inform key stakeholders of commercial risk in each project being managed.
  • Preparation of other corporate/contract/project reports/presentations for internal customers (e.g. management) and external customers (clients).
  • Measure Value of work done (VOWD’s) for each project through the use of business systems.
  • Adherence to Massy Wood Project Control Procedures.
  • Maintaining comprehensive accessible registers of financial approvals, variations and change orders.
  • Review project man-hours and the allocation of man-hours in conjunction with Planners on a weekly basis.
  • Liaise with the Finance Department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification.
  • Ensure that all cost related work is in compliance with the contract.
  • Maintain charge-out rates within computerised cost system (Mpower), ensuring they are up to date and all rate uplifts are implemented.
  • Maintain a full understanding of Massy Wood business systems.
  • Ensure that adequate control of commitment is in place.
  • Assist Estimator in preparation of estimates where necessary.
  • Liaise with other disciplines in the control and forecasting of budgets and ensuring that all scopes including change requests are included.
  • Participate in schedule/cost risk analysis as required.
  • Ensure that the corporate and contract-specific change control procedures are being adhered to.
  • Ensure all contracts are set up in Mpower to accurately capture and report cost across contracts and projects.
  • Ensure proper change management process is carried out across all projects and in adherence to Massy Wood procedures
  • Ensure all phases per projects are accurately captured and reported through the system.
  • Coordination of the time writing process within the computerised cost system.


Minimum Requirements:

  • Bachelor’s degree in a related field.
  • PMP certification will be considered an asset.
  • At least five (5) years’ related experience.
  • Experience in the oil & gas industry.
  • Good working knowledge of Microsoft Office software including Word, Excel, PowerPoint and Outlook.
  • Good working knowledge of cost management software e.g. Mpower or equivalent.
  • Good understanding of the basic principles of Project Management, Cost Management, Planning, Estimating and Change Control.
  • Excellent verbal and written communication skills.
  • Ability to work unsupervised and multitask.
  • Ability to understand complex systems.
  • Ability to work in a team environment and input to the resolution of problems.

An acceptable combination of academic qualifications and related work experience may be considered in lieu of minimum requirements.


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