Project Cost Analyst (Job Family)

Project Cost Analyst (Associate, Analyst, or Senior Analyst) Job Summary NiSource is seeking a Project Cost Analyst to provide integrated project cost management across electric and gas transmission, distribution, and generation capital projects ranging from $500K to $400M. This position may be filled at the Associate Project Cost Analyst, Project Cost Analyst, or Senior Project Cost Analyst level based on the candidate's experience, qualifications, and demonstrated competencies. The successful candidate will support project teams by integrating cost management processes with project scope, schedule, risk, quality, and contract management throughout the project lifecycle. This role is responsible for cost planning, forecasting, monitoring, reporting, analysis, and performance management while utilizing industry standards and best practices to drive informed project decision-making. The Project Cost Analyst will collaborate closely with project managers, project controls professionals, contractors, and other stakeholders to develop and maintain project budgets, cost performance baselines, forecasts, and reporting that support successful project execution. Key Responsibilities Cost Management & Forecasting Develop, maintain, and analyze project budgets, cost forecasts, and Estimate at Completion (EAC) metrics. Perform project cost initiation, planning, execution, monitoring, control, and closeout activities. Support integrated project planning and baseline development to effectively measure and manage project performance. Evaluate labor hours, labor costs, manpower requirements, and project expenditures against approved budgets. Monitor project performance and recommend corrective, preventive, and predictive actions. Provide standard and ad hoc cost reporting and analysis for project stakeholders. Support lifecycle cost estimating and forecasting activities to improve predictability and project outcomes. Project Controls & Risk Management Integrate cost management with scope, schedule, risk, quality, and contract management processes. Apply earned value management principles and cost performance measurement techniques. Utilize quantitative and qualitative risk analysis tools and techniques to improve cost forecasting and project performance. Support risk-informed project planning and baseline development. Partner with project teams to identify cost risks, opportunities, and mitigation strategies. Use schedule analysis techniques to optimize cost and schedule performance. Contract & Commercial Management Support contract commercial management activities including payment processing, performance assessments, and forecasting. Review contracts and supporting documentation to verify compliance with payment requirements. Perform contract performance analysis and reporting to identify trends and opportunities for improvement. Process Improvement & Stakeholder Engagement Support the implementation and continuous improvement of project management standards, guidelines, tools, and best practices. Collaborate with project stakeholders to ensure accurate and timely dissemination of cost information. Promote integrated thinking across project controls disciplines to enhance project performance. Assist project managers, leadership, and stakeholders with cost management reporting and decision support. Apply industry standards and best practices, including AACE, PMI, and Construction Management methodologies, to project cost management activities. Leveling Expectations Associate Project Cost Analyst Develop foundational skills in project cost management, forecasting, reporting, and project controls. Support project teams with cost tracking, reporting, and data analysis. Works under general supervision while building project management and cost management expertise. Project Cost Analyst Independently manage cost analysis, forecasting, reporting, and budget controls for assigned projects. Apply project controls methodologies to identify risks, trends, and performance improvement opportunities. Partner directly with project managers and stakeholders to drive project cost performance. Senior Project Cost Analyst Lead complex cost management efforts for large-scale capital projects and programs. Provide advanced forecasting, risk analysis, earned value management, and project controls expertise. Mentor junior analysts and influence project controls processes, standards, and best practices. Serve as a trusted advisor to project and business leadership regarding cost performance, forecasting, and risk mitigation strategies. Required Qualifications Associate Project Cost Analyst High School Diploma or GED required. Minimum 3 years of experience utilizing Microsoft Excel or equivalent software for data management, analysis, and reporting. Valid driver's license upon hire. Project Cost Analyst Bachelor's degree in Business, Accounting, Finance, Construction Management, Engineering, Project Management, or a related field preferred. 3+ years of cost analysis, financial analysis, project controls, project management, accounting, construction, engineering, or related experience. Demonstrated proficiency in Excel and reporting tools. Experience supporting project budgets, forecasting, and performance reporting. Senior Project Cost Analyst Bachelor's degree in Business, Accounting, Finance, Construction Management, Engineering, Project Management, or a related field preferred. 7+ years of experience in project controls, cost management, financial analysis, capital project management, construction management, or similar disciplines. Advanced knowledge of project cost forecasting, earned value management, risk analysis, and project controls methodologies. Experience supporting large-scale industrial, utility, energy, infrastructure, or capital projects. Preferred Qualifications Experience in large industrial, utility, energy, or capital project environments. Knowledge of AACE, PMI, or other project controls standards and methodologies. Experience with project controls, forecasting, scheduling, cost management, and risk management tools. Professional certifications such as PMP, CCP, EVP, PSP, or similar credentials are a plus. Physical Demands The preceding description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with this position. Responsibilities may change based on business needs and organizational priorities. As a public utility, NiSource provides essential services to customers 24/7. Emergency needs can arise at various times throughout the year, including during storm season. Employees may be required to support emergency response efforts, which could include working outside normal hours or assisting with tasks outside of typical responsibilities. Work Authorization Candidates must be legally authorized to work in the United States and must not require employer sponsorship now or in the future. Workplace Connection We value a workplace where everyone feels respected, included, and able to do their best work. We encourage open dialogue, value different perspectives, and work collaboratively with employees, customers, and partners. We recognize and respect the unique experiences people bring, including different backgrounds, cultures, and viewpoints. We treat others with professionalism and care, and we each play a part in creating a positive work environment. Veteran Hiring & Inclusion NiSource is proud to support veterans, transitioning service members, and military spouses. We value the leadership, teamwork, and mission-focused experience the military community brings, and we are committed to providing an inclusive workplace with opportunities for professional growth and development. Equal Employment Opportunity NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle. By applying, you may also be considered for other roles that match your skills and experience. ADA Accommodations If you need a reasonable accommodation to participate in any stage of the hiring process or to perform the essential functions of the position, please contact OneHR at or 1-888-640-3320 Safety Statement Safety is a core value at NiSource. Employees are expected to follow safety requirements, report hazards, and help maintain a safe environment for themselves and their coworkers. E-Verify NiSource participates in the U.S. Department of Homeland Security's E-Verify program. Please review the following notices regarding your rights and responsibilities under U.S. law. E-Verify Poster (English and Spanish) Right to Work Poster (English and Spanish) Salary Range*: $62,000.00 - $144,900.00 *The salary offered to a candidate is based on several factors including but not limited to the candidate’s skills, job-related knowledge, and relevant experience , as well as internal pay equity . Posting Start Date: 2026-09-03 Posting End Date (if applicable): 2026-09-17 Please note that the job posting will close on the day before the posting end date.