Analyzes and controls capital project costs by tracking budgets, forecasts, expenditures, contracts, purchase orders, invoices, and change orders. Develops cost models and reports, identifies variances and overruns, supports budgeting and long-range projections, and provides financial insights to project managers and leadership. The role also contributes to cost-control system selection and process improvements across hydropower and infrastructure projects.
MATRIX is seeking a detail-oriented Senior Cost Analyst to support the financial performance and cost control of capital projects within the hydropower and infrastructure sector. This role will track project costs against budgets and forecasts, develop cost models and estimates, analyze variances and potential overruns, and provide actionable financial insights to Project Managers and leadership. The Senior Cost Analyst will work closely with Finance, Project Managers, and the Head of PMO while supporting budgeting, forecasting, contract and purchase order tracking, invoice and change-order review, and the evaluation of cost-control systems.
ESSENTIAL FUNCTIONS & RESPONSIBLITIES:
- Track, analyze, and reports project costs against budgets, forecasts, and financial targets.
- Develop and maintain cost models, cost estimates, and detailed cost breakdowns for ongoing and upcoming projects.
- Monitor expenditures, labor hours, purchase orders, and contracts to ensure alignment with project plans.
- Identifies cost variances, trends, and potential overruns, and provide recommendations for corrective actions.
- Prepare regular cost reports, dashboards, and financial summaries for project managers and leadership.
- Support project scheduling and planning teams by providing cost data and financial insights.
- Reviews of contractor invoices and change orders to validate accuracy and compliance with contract terms.
- Assists with developing annual budgets, forecasts, and long-range financial projections for capital or outage projects.
- Work closely with the Finance team (currently one person), Project Managers, and Head of PMO.
- Meet monthly with PMs; weekly with Head of PMO.
- Provide input on evaluation and selection of a cost-control system.
- Perform primarily office and non-manual work.
- Perform work related to the management or general business operations of MATRIX or its customers/clients, while exercising discretion and independent judgment with respect to matters of significance to MATRIX and its customers/clients.
- Interface with managers or head of a unit/department requiring the integration of multiple functional organizations.
- Use “lessons learned” to improve quality of MATRIX’s future projects; make recommendations to MATRIX as to the implementations of future policies and procedures.
QUALIFICATIONS:
REQUIRED:
- Bachelor’s degree in finance, accounting, economics, engineering, or construction management. Equivalent work experience will be considered.
- 2 to 5 years of experience in project cost analysis, financial analysis, or project controls
- Strong skills in cost estimation, budgeting, forecasting, and variance analysis
- Ability to interpret engineering scopes, drawings, and contractor bids
- Proficiency in Excel (advanced formulas, pivot tables, modeling)
- Experience with ERP systems (SAP, Oracle, NetSuite)
- Familiarity with project management software (MS Project, Primavera P6)
- Understanding of capital project lifecycles (design → procurement → construction → commissioning)
- Knowledge of construction cost structures and contract types (T&M, lump sum, GMP)
- The ability to communicate well both verbally and written as a business necessity to ensure the safe and efficient operations of business. Clear, concise, and effective fluency in the English language is essential.
PREFERRED:
- Experience in hydropower, renewable energy, utilities, or heavy infrastructure
- AACE certifications (CCP, CEP, CCT)
- Familiarity with FERC or regulated utility accounting
- Experience with turbine/generator upgrades or dam infrastructure projects
- Skill with Power BI or Tableau
- Experience integrating cost and schedule using Primavera P6
- Knowledge of environmental permitting and compliance cost structures
- Background in asset lifecycle or long-term CAPEX modeling
The base pay range for this role is $76 – $81 per hour.
Apply for the position and join a company built on a foundation of excellence with employees who continue to grow and thrive with us. MATRIX is a proud Service Disabled Veteran Owned Business and an Equal Opportunity Employer.
Similar Jobs
.jpg)
Fintech • Analytics
Manage vendor-related finance for technology services: deliver budgets and forecasts, handle full purchase order lifecycle, validate invoices vs contracts, track actuals vs forecasts, produce visual metrics and MIS reporting, automate processes, identify cost-savings, support vendor contract amendments, and provide ad-hoc financial analysis and training to team members.
Artificial Intelligence • Cloud • Computer Vision • Hardware • Internet of Things • Software
Manage enterprise customer accounts as a trusted technical advisor, driving platform adoption, measurable business value, and technical ROI. Develop success plans, troubleshoot complex hardware, software, and API issues, manage escalations, conduct root-cause analysis, and lead technical reviews. Collaborate with Sales, Support, Product, and Engineering while communicating effectively with technical and executive stakeholders. Use AI tools to improve customer insights and outcomes, and contribute to knowledge sharing and team development.
Top Skills:
AIAPIsGainsightGongInternet Of Things (Iot)JIRAPaasPythonSaaSSalesforceTableauZendesk
Blockchain • Fintech • Payments • Consulting • Cryptocurrency • Cybersecurity • Quantum Computing
Lead product strategy and delivery for Mastercard's In Control virtual card platform. Translate business requirements into technical specs, work with engineering scrum teams, engage regional partners and customers, define platform vision for tokenized and virtual card payments, validate technical delivery, and drive go-to-market and product enhancements to grow B2B and T&E payment adoption.
Top Skills:
AgilePayment ProcessingPme FrameworkScrumTokenizationUx/UiVirtual Card Platform
What you need to know about the Chennai Tech Scene
To locals, it's no secret that South India is leading the charge in big data infrastructure. While the environmental impact of data centers has long been a concern, emerging hubs like Chennai are favored by companies seeking ready access to renewable energy resources, which provide more sustainable and cost-effective solutions. As a result, Chennai, along with neighboring Bengaluru and Hyderabad, is poised for significant growth, with a projected 65 percent increase in data center capacity over the next decade.
