Senior Cost Analyst
Sargent & Lundy
Listing collected from Sargent & Lundy's career site. NextChapter is independent of Sargent & Lundy.
Indianapolis, IN · Posted October 9, 2026
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Where Indianapolis, IN placed in our monthly rankings, month by month. Each month stays online at its own address.
November 2026
- #2Best cities for software and engineering jobs in the Midwest327 openings · of 59
- #2Best cities for software and engineering jobs in the Great Lakes327 openings · of 48
- #2Cities hosting the most business conferences in the Midwest24 conferences · of 12
- #2Cities hosting the most business conferences in the Great Lakes24 conferences · of 9
- #3Cities hosting the most manufacturing & industrial conferences6 conferences · of 17
- #4Cities with the most jobs that do not need a four-year degree in the Midwest148 jobs · of 51
Rankings about finance jobs
- Best cities for finance jobs #1 New York (1,932 openings)
- Best cities for finance pay after cost of living #1 San Mateo ($162k)
- Most requested AI skills in finance jobs #1 AI tools in daily work (4.3%)
- AI tools named most often in finance jobs #1 Claude (0.55%)
- Employers with the most finance jobs #1 Amazon (475 roles)
How AI is used in this kind of work
AI use among cost estimators is little observed so far. Measured exposure for cost estimators: 0% (little observed).
Share of this job’s tasks that AI is already used for at work, from real usage. It is not a forecast of job loss, and a low number means no use seen yet. Source: Anthropic Economic Index.
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About the job
Responsibilities
This position allows for a hybrid arrangement with a mix of work from home and in the office.
As a Capital Projects Senior Cost Analyst, you will apply your technical skills to meet project team and client needs for monitoring, analyzing, and reporting project cost performance. This work will include interfacing directly with project management, client management, and site personnel for the development of budget and cost metrics for the engineering, procurement, and construction scopes of work associated with capital infrastructure projects. Using a variety of industry and proprietary tools, you will perform the following tasks:
Implement project controls tools and methodology
Support the month end closing and phase gate processes, coordination, productions, management, reporting and analysis of cost information
Support the establishment of project original and approved budgets
Work with project stakeholders to establish cost baselines
Develop project forecasts, utilizing estimates, schedules, purchase order open commitments, and inputs from project stakeholders. Review, explain basis for, and adjust project forecasts directly with Project Managers.
Monitor and analyze actual project costs, calculate variances between actual and forecasted costs, and gather information to document variance explanations.
Assemble supporting documentation to meet project team and client requests/needs
Analyze data and build reports to support project monitoring and decision making
Interface regularly with project management to support monitoring cost performance
There is the potential for you to travel to client office for project coordination meetings
Experience with Accrual based project execution.
Qualifications
We do not sponsor employees for work authorization in the U.S. for this position.
Essential skills and experience:
Familiarity with the practical application of project controls
5 or more years of experience
Post-secondary graduate
Communication: Excellent written and verbal communication skills, with a proven ability to interact and multitask with project team members, clients, and vendors of varying position levels.
Motivation: Eager to learn new skills and develop knowledge to add make a valuable impact to project team operation. Willing to engage with others to understand project team needs. Committed to deliver high quality, accurate deliverables with attention to detail.
Computer Skills: Working knowledge in MS Office tools, with emphasis on the advanced use of MS Excel and/or PowerBI in creating detailed, interactive spreadsheets, workbooks, and databases.
Working knowledge in SAP
Valued but not required skills and experience:
Related internship, co-op, or work experience, which includes project controls, project planning, project scheduling, and earned value performance, preferably within the power industry
i.) AACE CCT, or PMI Equivalent
ii.) Working towards AACE CCP, CEP, PSP, PRMP, EVP, or PMI Equivalent
iii.) In lieu of Professional Designation (i. or ii.) above, has completed equivalent training
Or in lieu of i.), ii.) or iii.) above, has successfully passed designated proficiency testing
Technology & Innovation
Sargent & Lundy values the appropriate use of technology to improve how work gets done and deliver high-quality outcomes for our clients. Depending on the role, employees may use data, automation, artificial intelligence, and other digital tools to support research, analysis, engineering and design activities, workflow improvement, or other aspects of their work. We value candidates who demonstrate an interest in learning and effectively using emerging technologies where relevant to their role. Employees remain accountable for their work and are expected to apply appropriate professional judgment and review when using technology-assisted tools. Experience with AI, automation, programming, or similar technologies is valued where relevant but is not required unless specifically identified elsewhere in the job description.
About Sargent & Lundy
At Sargent & Lundy, we care about the health and well-being of our employees. Our commitment extends beyond the workplace, offering comprehensive healthcare plans and generous paid time off to support our team members in every aspect of their lives. We understand the importance of work-life balance, which is why we are proud to provide competitive, award-winning benefits. Our dedication to employee satisfaction has earned us the prestigious Top Workplaces Culture Excellence Award for compensation and benefits in 2022, 2023, and 2024.
Health & WellnessFinancial BenefitsWork-Life Balance
Health Plans: Medical, Dental, Vision
Life & Accident Insurance
Disability Coverage
Employee Assistance Program (EAP)
Back-Up Daycare
FSA & HSA
401(k)
Pre-Tax Commuter Account
Merit Scholarship Program
Employee Discount Program
Corporate Charitable Giving Program
Tuition Assistance
First Professional Licensure Bonus
Employee Referral Bonus
Paid Annual Personal/Sick Time (PST)
Paid Vacation
Paid Holidays
Paid Parental Leave
Paid Bereavement Leave
Flexible Work Arrangements
Compensation Range $84,762 - $129,498
Transparency Statement Sargent & Lundy discloses compensation ranges that comply with all local and state regulations. The total compensation package for eligible positions will include a base salary or an hourly rate and a comprehensive benefits package, reflecting our commitment to rewarding performance and supporting the overall well-being of our employees. Individuals may also be eligible to participate in our yearly discretionary bonus.
Equal Opportunity
Sargent & Lundy is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status, or any protected status as defined by applicable law.