Capital Projects Cost Analyst

Capital Projects Cost Analyst US-NY-Einstein/Resnick - Bronx Job ID: 2026-18000Employee Classification: ExemptDepartment: Design and ConstructionPosition Type: Regular Full-TimeAlbert Einstein College of Medicine About Us Under the general direction of the department leadership, the Capital Projects Cost Analyst is responsible for performing financial analysis, budget monitoring, forecasting, and financial reporting for institutional capital improvement and renovation projects. The position evaluates project expenditures, analyzes financial performance, identifies budgetary risks, and develops recommendations to support capital planning and resource allocation decisions. The Analyst collaborates with project managers, procurement, finance, and other institutional stakeholders to promote effective financial management, regulatory compliance, and alignment with institutional objectives. POSITION RESPONSIBILITIES .Responsibility Area 1: Capital Budget Analysis and Financial Planning * Analyze and monitor capital project budgets, expenditures, and financial performance to evaluate alignment with approved budgets and institutional financial objectives. * Conduct budget-to-actual analyses, investigate significant variances, assess financial implications, and recommend appropriate corrective actions. * Develop and maintain financial forecasts, cash flow projections, and expenditure analyses to support capital planning and management decision-making. * Participate in the development and evaluation of annual and mid-year capital budgets, including assessing funding requirements and anticipated project expenditures. * Support the development and ongoing evaluation of the institution's 20-year Capital Plan, representing approximately $80 million in projected capital investments. * Prepare financial analyses and management reports to identify expenditure trends, potential funding shortfalls, and opportunities for improved resource allocation.Responsibility Area 2: Capital Project Financial and Contract Management * Evaluate the financial components of capital project contracts, purchase orders, and change orders to assess budgetary implications and compliance with institutional policies. * Collaborate with project managers, procurement, contractors, and other stakeholders to resolve financial discrepancies and address project-related budget concerns. * Analyze proposed project modifications and change orders to determine their potential financial impact and recommend appropriate actions for management consideration. * Review project financial commitments, expenditures, and contractual obligations to identify financial risks and ensure alignment with approved project budgets. * Contribute to the financial evaluation of bid packages, vendor proposals, and procurement documentation to support project planning and contracting decisions. * Monitor project milestones and financial commitments to assess their impact on project budgets, cash flow, and financial forecasts.Responsibility Area 3: Financial Systems, Reporting, and Process Improvement * Analyze financial and project data across institutional systems, including Banner, MicroMain, CMS, and Procore, to evaluate financial performance and support management reporting. * Participate in the implementation and transition to Procore, including evaluating financial reporting requirements, data integrity, and system functionality. * Identify opportunities to improve financial reporting, budget monitoring, and project financial management processes, and recommend enhancements. * Develop financial reports, analytical tools, and tracking methodologies to improve the accuracy and effectiveness of capital project financial oversight. * Evaluate financial data discrepancies and recommend solutions to improve reporting accuracy and internal controls.Responsibility Area 4: Financial Compliance and Ri