Senior Analyst – Capital Project Cost & Performance Management

Job title-Senior Analyst – Capital Project Cost & Performance Management

Skill Required: IX Intelligent Capital Project Operations – Low Carbon Grid Capital
Experience: 5–8 Years
Qualification: B.E./B.Tech in Electrical Engineering
Industry: Power & Energy / Utilities / EPC / Transmission & Distribution
Department: Project Management / Project Controls

Job Summary

We are looking for a Senior Analyst – Capital Project Cost & Performance Management to support cost estimation, budget monitoring, financial forecasting, project performance analysis, and risk assessment for capital projects in the power and utilities sector.

The successful candidate will work with project managers, finance, engineering, procurement, and project controls teams to track project expenditure, analyze cost variances, identify financial risks, and recommend cost optimization measures. The role will contribute to the successful delivery of low-carbon grid and utility infrastructure projects by strengthening cost control, reporting, and project governance.

Key Roles and Responsibilities

1. Support the preparation and maintenance of capital expenditure (CAPEX) budgets, project cost estimates, and cost baselines.

2. Monitor project expenditure, commitments, forecasts, and actual costs against approved budgets.

3. Conduct cost variance analysis to identify budget deviations, potential overruns, and cost-related risks.

4. Develop cost forecasts and support financial planning based on project progress, schedule changes, and resource requirements.

5. Collaborate with project managers and procurement teams to review vendor estimates, tender costs, and cost benchmarking data.

6. Identify cost optimization opportunities and recommend corrective measures to improve project financial performance.

7. Assess the financial impact of project risks, schedule delays, scope changes, and procurement issues.

8. Maintain project cost models, cost trackers, risk registers, and financial reporting documentation.

9. Prepare monthly cost reports, performance dashboards, variance summaries, and management presentations.

10. Support integrated project controls by analyzing relationships between cost, schedule, resource utilization, and delivery performance.

11. Assist with scenario analysis, contingency planning, and risk-based cost forecasting.

12. Ensure cost reporting and project documentation comply with internal governance policies and applicable regulatory requirements.

13. Coordinate with cross-functional stakeholders to validate project data, resolve reporting discrepancies, and improve cost-control processes.

14. Capture lessons learned and support continuous improvement in project cost management and performance reporting.

Required Skills

• 5–8 years of experience in project cost management, cost control, project controls, or capital project performance analysis.

• Experience in Power Utilities, EPC, Power Generation, Transmission & Distribution, or infrastructure projects.

• Knowledge of CAPEX/OPEX budgeting, cost estimation, forecasting, and expenditure monitoring.

• Strong understanding of cost variance analysis, cost benchmarking, and cost optimization.

• Hands-on experience with Advanced Excel and Excel-based cost models.

• Working knowledge of Primavera P6 and Microsoft Project.

• Understanding of project risk assessment, contingency planning, and mitigation strategies.

• Experience preparing financial reports, KPI dashboards, and management presentations.

• Familiarity with CEA, CERC, and State Utility regulatory frameworks.

• Strong analytical, problem-solving, reporting, and stakeholder coordination skills.

Preferred Qualifications

• Bachelor's degree in Electrical Engineering.

• Certification in Project Management, Cost Control, or Risk Management is preferred.

Candidate Profile

The ideal candidate will have a strong foundation in project cost control and performance reporting, along with the ability to identify cost risks and support data-driven decisions. Experience in power utility, EPC, transmission and distribution, or low-carbon grid capital projects will be an advantage.

Important Note: PAN and Date of Birth (DOB) are required for profile creation, subject to applicable organizational policies and data privacy requirements.