Cost & Project Analyst at Oceaneering

| Hampton Roads, VA
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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.

The Aerospace and Defense Technologies (ADTECH) group of Oceaneering is recognized as an industry leader in enabling humans to work safely and effectively in harsh environments ranging from the depths of the sea to the outer reaches of space. ADTECH specializes in the support of manned systems and the development and application of practical, cost-effective robotic systems in multiple industries.

ADTECH designs, builds, and operates unique underwater systems for the US Navy and provides life cycle maintenance services for Submarines and Deep Submergence Systems. ADTECH is developing the next generation space suit for NASA and provides robotic and spacecraft life support systems.

ADTECH's business areas are: Oceaneering Technologies, Marine Services Division, Oceaneering Space Systems, and ADTECH Manufacturing Group.

For more information please go to and click on Products & Services, then click on Non-Oilfield, then click on Naval and Marine Services.

rine Services Division, Oceaneering Space Systems, and ADTECH Manufacturing Group.

For more information please go to and click on Products & Services, then click on Non-Oilfield, then click on Naval and Marine Services.

Position Summary

Working under minimal supervision, the Cost & Project Analyst acts as the financial advisor to the integrated project team. Support services include standard and ad hoc financial analysis focused on tracking project performance and anticipating problem conditions. This challenging role requires knowledge of accounting concepts and adherence to established policies while exercising creativity to assess problems and recommend solutions. Provides current status of programs/projects to Program Managers. Responsible for monthly P&L forecast, financial inputs for assigned projects for the annual plan. Provides support to proposal efforts by developing cost volumes.

Expectations of this function are:

  • Self motivated, focused individual with strong attention to detail and high ethical standards.
  • Clear communication to coordinate efforts requiring cross-functional teams.
  • Extensive technical knowledge of financial / cost performance
  • Ability to support Projects based on contracts in excess of $5 million and/or product lines with revenues ranging from $10-$20 million annually.
  • Ability to work as part of team of managers and technical personnel.
  • Proactive in identifying and solving problems of high complexity.
  • Strong organizational skills and analytical / logical approach.
  • Ability to synthesize diverse information (technical, schedule, and cost) and exercise good judgment.
  • Ability to consistently deliver accurate financial reporting Strong

Duties & Responsibilities

  • Produces timely monthly reports and ensures formal communication is a comprehensive reflection of facts
  • Performs detailed variance analysis on a monthly basis and provides supporting documentation to track project variances throughout the project lifecycle
  • Coordinates the preparation of the annual budget and monthly forecasts, including issuance of budget instructions, comparative data, timetables and forms.
  • Prepares monthly forecast for assigned projects and ensures inputs are provide in a timely manner.
  • Continues to develop knowledge and skills to reach a higher level of proficiency and work complexity.
  • Defines and develops performance metrics
  • Analyzes and recommends data collection process improvements.
  • Ensures data integrity as it relates to reporting and analytics.
  • Identify best practices and process improvements to improve cycle time and reduce opportunities for errors.
  • Implement automated methods and systems to track workflow and performance efficiencies.
  • Maintains working knowledge of applicable government and commercial contracts terminology and clauses.
  • Ability to develop Ad Hoc MS Excel models and macros to summarize large data sets.



Bachelor's Degree in Accounting, or a related business discipline (Finance, Econimics, Business), or the equivalent combination of education, professional training and work experience in leue of degree.


1 - 5 years' experience in finance, or accounting and financial analysis is required.


  • Strong computer skills. Working knowledge of Word, Project Management/Scheduling Software (MS Project, MPM, etc), and Oracle Peoplesoft experience is a plus.
  • Advanced MS Excel skills are required.
  • Excellent verbal and written communication skills.
  • Background knowledge in government and commercial contract requirements.
  • Knowledge of project management body of knowledge and effective use of earned value analysis.
  • Must be able to establish and maintain customer relationships.
  • Knowledge of performance measurement principles such as earned value, , IRR, ROA, Payback, DSO.

Additional Information

  • Must be a U.S. 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.
More Information on Oceaneering
Oceaneering operates in the Automotive industry. The company is located in Houston, TX. Oceaneering was founded in 1964. It has 11000 total employees. It offers perks and benefits such as Dental Benefits, Health Insurance Benefits, 401(K), Paid Holidays, Paid Sick Days. To see all 56 open jobs at Oceaneering, click here.
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