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Cost Controls Analyst

Date: Jun 29, 2019

Location: TX:Dallas, TX - Texas, US, 75251

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Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, renewable fuels and convenience store retailing.  The refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

 

The logistics operations primarily consist of Delek Logistics Partners, LP.  Delek US Holdings, Inc.and its affiliates own approximately 63% (including the 2 percent general partner interest) of Delek Logistics Partners, LP.  Delek Logistics Partners, LP (NYSE:DKL) is a growth-oriented master limited partnership focused on owning and operating midstream energy infrastructure assets.

 

The convenience store retail business is the largest 7-Eleven licensee in the United States and operates approximately 300 convenience stores in central and west Texas and New Mexico.

POSITION OVERVIEW

The Cost Controls Analyst provides financial analysis and cost support for Engineering and Capital Projects. Work with Upper Management, Project Managers, Project Engineers, Financial Services, Procurement, and Key Stakeholder groups to gain an understanding of project requirements in order to provide insightful cost management and proper execution of project planning/forecasting tools.  Adhere to Project Cost Control Policies and Procedures for requirements including, but not limited to, monitoring, preparing and reporting capital costs in monthly forecasts, cash flows and estimate at completion (EAC) costs for duration of a project.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES

  • Utilize the cost forecasting/reporting protocols with project teams based on project cost control guidelines (i.e. AFE Policy & Procedures)—this includes adherence to the Project Execution Plan, procurement policies, and use of a Cost Forecasting System for all projects in the development and fully awarded project funding authorization (AFE) lifecycle phases.
  • Work with various Project Managers and senior managers, develop project expenditure plans and provide project cash flow schedules to Management for use in economic analysis
  • Work with the AFE administrator, Project Manager and other internal and corporate employees by initiating requests, developing the cost structure, working with corporate financial analysts, and communicating with the project manager
  • Interface with all Functional/Stakeholder areas (i.e. Operations, Engineering, Construction, ROW, Procurement, Construction Outside Services, Legal, Environmental, Health & Safety) with regards to ensuring completion of monthly accrued costs, ETC, cash flow, commitments, burn rates, and other potential project information necessary for thorough project analysis, monitoring and control
  • Prepare monthly project cost forecast reporting that includes incurred, estimate to complete (ETC) and estimate at completion (EAC) costs by multiple levels of the financial WBS during all project lifecycle stages for the Project Team
  • Ensure cost reporting/forecasting for each lifecycle stage of the project is aligned with the scope objectives and reviewed for potential cost overrun
  • Utilize the current project system to analyze data, update spending and forecasting, identify purchase order status, produce cost reports for key stakeholders
  • Assist in Project Change Notice process as defined in the Project Workflow Procedure
  • Support the Project Managers in reviewing, checking, processing and coding project invoices, as well as receipts within the current system
  • Support inventory management initiatives for purchase orders issued on assigned projects
  • Prepare financial work breakdown structure reconciliations and journal entries for project cost coding corrections

 

REQUIRED EDUCATION/EXPERIENCE

 

Minimum Required Education

  • Bachelor's degree in a financial/accounting discipline, engineering, or technical field with a minimum of 2-5 years' experience OR 9 years of related experience in lieu of a degree

 

Minimum Required Experience

  • General knowledge of project scheduling and contracts
  • Understanding of basic accounting principles – accruals, allocations, journal entries
  • Specific knowledge and experience in project cost controls and cost management processes and issues
  • Computer skills using Microsoft Office products that includes high level of proficiency in Excel

 

 

PREFERRED EDUCATION/EXPERIENCE

 

Desirable/Preferred Education

  • Bachelor's degree in an accounting/financial discipline, engineering, or technical field with a minimum of 6 years' experience OR 9 years of related experience in lieu of a degree

 

Desirable/Preferred Experience

  • Specific knowledge and experience in cost control and issues related to pipeline and plant facility projects
  • Familiarity with the best management practices for cost controls and cost management process
  • Experience within SAP

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin, disability status, protected veteran status, or any other characteristic protected by law. Equal Opportunity Employer/Disabled/Veterans.


Nearest Major Market: Dallas
Nearest Secondary Market: Fort Worth

Job Segment: Engineer, ERP, SAP, Procurement, Engineering, Technology, Operations, Retail

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