Cost Management Analyst - Graduate Development Program

Company Description

Turner & Townsend is an independent professional services company specializing in programme management, project management, cost management and consulting across the property, infrastructure and natural resources sectors.

With 104 offices in 44 countries, we draw on our extensive global and industry experience to manage risk while maximizing value and performance during the construction and operation of our clients’ assets.

Overview:

Do you want to be part of our successful Graduate Development Program supporting top clients for Turner & Townsend across the U.S. We are hiring an ambitious and forward-thinking Cost Management Analyst to work in our growing team.

The route to becoming a professional at Turner & Townsend involves development in various competencies. The Turner & Townsend Graduate Development Program has been designed to provide recent graduates, with less than two years of industry experience, with opportunities to further develop their careers and offer exposure to the services in which we specialize in order to become a successful consultant upon graduation of the program.

The Program is intended to take approximately 2 years in duration, and experience is based upon achievement of various competencies in each core service.

The program is offered at our Chicago, IL location.

As a Cost Management Analyst at Turner & Townsend, you will support the delivery of world-class cost management services across a variety of capital projects. You’ll be exposed to capital planning, cost estimating, procurement, contract administration, change management, and reporting - helping clients optimize their investments.

Key Responsibilities:

Project Estimation & Validation

• Support in development of comprehensive project estimates, including construction, fees, direct work, and other associated costs.

• Engage with vendors to review, validate, and challenge cost inputs.

• Utilize benchmark data from previous projects to inform and assess estimate accuracy

Capital Planning Support

• Advise clients on capital planning strategies across large-scale portfolios.

• Provide insights to optimize investment decisions and long-term financial planning

Procurement Strategy & Vendor Management

• Support procurement activities including vendor prequalification, bid evaluation, and bid leveling.

• Facilitate bid interviews and provide final recommendations for vendor selection.

• Oversee the appointment process in alignment with client objectives.

Cost Reporting & Forecasting

• Establish and manage cost reporting schedules.

• Present cost reports and forecasts to clients, ensuring transparency and accuracy.

• Maintain a commercial risk register and lead periodic review meetings with project teams and vendors

Cost Control & Change Management

• Assess payment applications and recommend contractor entitlements.

• Review and evaluate change order requests, providing strategic recommendations to clients.

• Apply dispute prevention and resolution procedures to manage payment requisitions and contractual issues.

• Monitor and manage the end-to-end invoicing process to ensure timely and accurate payments.

Benchmarking & Performance Analysis

• Benchmark project performance against successful commissions to identify areas for improvement.

Financial Close

• Manage all aspects of the financial close process, including post-contract audits and account close-outs.

• Conduct post-contract reviews with clients to capture lessons learned.

• Develop training materials and manuals based on project insights to support continuous improvement.

• SOX control responsibilities may be part of this role, which are to be adhered to where applicable.

• 
  0-2 years of industry experience

• Bachelors and/or Masters Degree

• Preferred Degrees:

• Construction Management

• Construction Science

• Engineering

• Project Management

• General Business

Turner & Townsend is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. Equal Employment Opportunity Posters If you’d like to view a copy of the company’s affirmative action plan, please email [email protected]. If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact the Human Resources Department at 713-457-9400 or [email protected]. This telephone line and email address is reserved solely for job seekers with disabilities requesting accessibility assistance or an accommodation in the job application process. Please do not call about the status of your job application if you do not require accessibility assistance or an accommodation. Messages left for other purposes, such as following up on an application or non-disability related technical issues, will not receive a response.

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