Company: Oceaneering
Skills: Budget / Cost Control, Cost Engineer
Experience: 1 + Years
Education: Bachelors/3-5 yr Degree
Location: Chesapeake, Virginia, United States

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.

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.

Duties & Responsibilities

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


  • 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.


The above list is only a representative sample of what the Cost & Project Analyst may be asked to do. The Cost & Project Analyst may perform other special projects or duties as required to support business needs.


Minimum Requirements


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.
  • Must be a U.S. citizen who is not a dual citizen of any other country.

Working Conditions

This position is considered OFFICE WORK which is characterized as follows.

  • Almost exclusively indoors during the day and occasionally at night
  • Occasional exposure to airborne dust in the work place
  • Work surface is stable (flat)

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

As COVID-19 continues to significantly impact employees, workplaces, families and communities, many of Oceaneering's clients are requiring that all individuals working at their sites be fully vaccinated against the coronavirus, including employees of Oceaneering and other contractors. Accordingly, only individuals who are, or are willing to be, fully vaccinated before their start date are eligible for this position. Any applicant selected for this position will be required to prove that they are fully vaccinated prior to their start date.

Oceaneering pushes the frontiers of deep water, space and motion entertainment environments to execute with new, leading-edge connections to solve tomorrow’s challenges, today.


As the trusted subsea connection specialist, our experience combined with the depth and breadth of our portfolio of technologies allows us to engineer solutions for the most complex subsea challenges. From routine to extreme, our integrated products, services, and innovative solutions safely de-risk operational systems, increase reliability, and enable a lower total cost of ownership.


We are connecting what’s needed with what’s next as the world’s largest ROV operator and the leading ROV provider to the oil and gas industry with over 300 systems operating worldwide. With our safety-focused and innovative approach, we responsively and decisively react to subsea challenges while providing solutions swiftly and efficiently.