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Sr. Cost & Project Analyst

Company: Oceaneering
Location: Chesapeake
Posted on: May 12, 2022

Job Description:

Company Profile

Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry. We develop products and services for use throughout the lifecycle of an offshore oilfield, from drilling to decommissioning. We operate the world's premier fleet of work class ROVs. Additionally, we are a leader in offshore oilfield maintenance services, umbilicals, subsea hardware, and tooling. We also use applied technology expertise to serve the defense, entertainment, material handling, aerospace, science, and renewable energy industries.

Our Marine Services Division has more than 30 years experience in providing full-service ship repair capabilities for the US Naval Vessels including submarines, surface ships and crafts and deep submergence systems. Operating from state-of-the-art facilities in Chesapeake, Virginia, we are certified in Submarine Safety (SUBSAFE) and Deep Submergence System Scope of Certification (DSS-DOC) repair activities, and specialize in the design, repair, maintenance, modification, and installation of hull, mechanical and electrical (HM&E) systems.

For more information please go to and click on Products & Services, then click Marine Services Division (MSD).

Position Summary

Working under minimal supervision, reports and analyzes the cost/performance, review and assist updating schedules and oversees contractual matters on assigned programs and departments. Provides Program Managers with current status (cost/schedule) of programs/projects under their cognizance. Analyzes historical and current trends to forecast future performance. Responsible for forecasting of the rolling flash, preparation of the annual plan and tracking other indirect costing functions for indirect cost centers or small departments. Responsible for all aspects of cost volume preparation, including written content, cost/price schedules, contractual aspects such as bonding and insurance coverage and audit support. Individual errors will directly affect, to a minor degree, the overall pace of production, or overhead cost for programs/products.

Duties & Responsibilities

Expectation of this function requires strictest attention to detail and accuracy, clearly communicated and coordinated efforts involving all the activities within the department, the position is assigned to. Technical knowledge of financial / cost performance is expected to be broad and deep enough to identify areas of concern and obtain solution. Typical projects assigned to this function are Cost Plus & Time & Material, with some Fixed Priced contracts that have low contract value and small financial risk to the company. Able to work as part of a team of managers and technical personnel. Good organizational skills and analytical / logical approach. Able to collect information and solve problems of medium to difficult complexity relating to assigned projects.


Indirect Functions: Support the preparations of Rolling Flash, Annual Plan, and other indirect cost tracking functions assigned.

Responsible for supporting the collection of Accounts Receivables and generating invoices associated with projects assigned.

Prepares and issues the following reports according to the schedule: Monthly/Weekly Project Status Report and EAC Report as required by the various Program/Project Managers.

Use project management software and implement from bid to baseline to earned value vs. actuals - all cost/schedule variances applicable.

Set up and maintain all projects within accounting system relating to, however, not limited to As Bid/Budgets, Chart of Accounts and the active status of accounts.

Maintains working knowledge of various government regulations as required by contracts.

Prepare cost volumes associated with various bids or RFPs assigned, maintain for historical purposes all cost volumes prepared and support any audit requirements of this volumes .


The above list is only a representative sample of what the Sr. Cost & Project Analyst might be called upon to do on a daily basis.

There will be occasions the Sr. Cost & Project Analyst may perform other special projects or duties as required by the Department Manager or Division Controller.



B.A. in Accounting or equivalent required.


3-6 years of experience in performance/cost measurement or financial analysis is required.


Working knowledge of Word, Excel, Project Management/Scheduling Software (MS Project, MPM, etc..), and accounting software (JD Edwards and Peoplesoft)

Must possess good written and verbal communication skills and the ability to successfully interact with all levels of the Company and subcontractor organization.

A working knowledge in government and commercial contract requirements.

Knowledge of performance measurement principles such as earned value, scheduling, DOS and Operating Efficiency

Must be able to establish and maintain positive customer relations.


Must be a US citizen who is not a dual citizen of any other country.

Equal Opportunity Employer

All qualified candidates will receive consideration for all positions without regard to race, color, age, religion, sex (including pregnancy), sexual orientation, gender identity, national origin, veteran status, disability, genetic information, or other non-merit factors.

Closing Statement

AdTech COVID Vaccine Requirement:

COVID-19 continues to significantly impact our employees, families and communities. Oceaneering joins the federal government in its effort to decrease the spread of SARS-CoV-2, the virus that causes COVID-19, decrease worker absence, reduce labor costs, and improve the efficiency of work performed for the federal government.

As directed by Executive Order 14042: Ensuring Adequate COVID Safety Protocols for Federal Contractors, effective January 18, 2022, all new Oceaneering employees supporting federal government contracts must be fully vaccinated before their start date, except in the limited circumstances where an employee is legally entitled to a medical or religious accommodation. Unless entitled to an accommodation, applicants selected for hire must provide a copy of their COVID vaccination card.

Keywords: Oceaneering, Chesapeake , Sr. Cost & Project Analyst, Professions , Chesapeake, Virginia

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