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Oracle Cost Management Jobs in Indiana (NOW HIRING)

Pwc

Oracle EPM - Senior Associate

Indianapolis, IN · On-site

PCMCS - Profitability and Cost Management Cloud Services; and, Narrative Reporting. Demonstrates ... General Oracle EPM configuration; Business Rule / Calculation Development; Data Integration, EPM ...

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Oracle Cost Management information

What is Oracle Cost Management?

Oracle Cost Management is a module within the Oracle E-Business Suite that helps organizations track, manage, and analyze the costs associated with their manufacturing, inventory, and supply chain operations. It provides tools for standard costing, actual costing, and activity-based costing, enabling businesses to gain insights into product profitability and operational efficiency. By integrating with other Oracle modules, it supports comprehensive financial reporting, inventory valuation, and cost control across the enterprise.

What are the key skills and qualifications needed to thrive as an Oracle Cost Management professional, and why are they important?

To thrive as an Oracle Cost Management professional, you need a strong understanding of cost accounting principles, financial analysis, and experience with Oracle E-Business Suite or Oracle Cloud Cost Management modules. Familiarity with SQL, Oracle Reporting tools, and relevant certifications such as Oracle Cost Management Cloud certification are highly valuable. Analytical thinking, attention to detail, and effective communication skills help in interpreting data and collaborating with finance and IT teams. These skills ensure accurate cost tracking, compliance, and informed decision-making within complex business environments.

What is the difference between Oracle Cost Management vs Cost Analyst?

AspectOracle Cost ManagementCost Analyst
CredentialsOracle certifications, accounting or finance backgroundFinance, accounting degrees, certifications like CMA or CPA
Work EnvironmentERP systems, finance departments, manufacturing or supply chain settingsFinance teams, manufacturing, logistics, or consulting firms
Industry UsageUsed within organizations implementing Oracle ERP systemsCommonly employed in various industries for cost analysis and budgeting
Primary FocusManaging and analyzing costs within Oracle ERP modulesAnalyzing costs, preparing reports, and supporting budgeting processes

Oracle Cost Management specialists focus on managing costs within Oracle ERP systems, requiring specific certifications and technical knowledge. Cost Analysts perform broader cost analysis and reporting across industries, often with finance or accounting backgrounds. While both roles involve cost evaluation, Oracle Cost Management professionals are more system-specific, whereas Cost Analysts have a wider industry application.

What are some common challenges faced by professionals working in Oracle Cost Management, and how can they be addressed?

Professionals in Oracle Cost Management often face challenges such as integrating cost data across various modules, ensuring data accuracy, and adapting to frequent changes in business processes. Effective collaboration with finance, operations, and IT teams is essential to streamline workflows and maintain reliable costing information. Staying updated on Oracle system updates and regularly participating in training can help address these challenges and improve efficiency in day-to-day responsibilities.
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Oracle Cost Management jobs near you
Construction Cost Engineer

Construction Cost Engineer

McFarland Construction

Indianapolis, IN • On-site

Other

Re-posted 23 days ago

Job description

Company Overview

McFarland Construction is a full-service commercial construction firm specializing in general contracting, design/build, and construction management services. We deliver high-quality projects across a wide range of markets including Financial Services, Health Sciences, Energy, Mission Critical, and the Public Sector.

Founded in 2010, McFarland has grown to become the largest African American-owned general contractor in the Carolinas. Headquartered in Charlotte, NC, with regional offices in Raleigh, NC and Indianapolis, IN, we continue to expand our footprint and impactthroughout the Southeast and Midwest.

Were proud to be ranked #18 Largest General Contractor in Charlotte, #3 Fastest Growing Private Companies in the region, and among the Top General Contractors in the Southeast.

If youre looking for your next career move and want to be part of a dynamic, forward-thinking, and fast-growing company, McFarland Construction is the place for you. Join us and help shape the future of construction.

Job Summary
The Cost Control Engineer is responsible for managing and monitoring project costs and ensuring effective control and documentation of all project-related records. This role supports project managers, engineers, and finance teams by tracking budgets, forecasting expenditures, preparing cost reports, and maintaining organized and up-to-date document control systems. The position ensures compliance with internal
procedures and contractual requirements, enabling efficient project execution, transparency, and audit readiness.
Key Responsibilities include:
Cost Control

  • Develop and maintain project cost tracking systems and reports.
  • Monitor project budgets, forecasts, and actual expenditures.
  • Perform cost analysis and value engineering evaluations.
  • Identify cost variances and propose corrective actions.
  • Support procurement and contracts team with cost estimation and budget alignment.
  • Assist with monthly progress billing and earned value management (EVM) reporting.
  • Prepare cash flow forecasts and financial status reports.

Education & Additional Qualifications

  • Bachelors degree in Engineering, Construction Management, or related field.
  • 3+ years of experience in cost control and document management within engineering or construction projects.
  • Proficiency with cost management software (e.g., Primavera P6, MS Project, SAP, Oracle, etc.).
  • Experience with document control systems (e.g., Procore, SharePoint, etc.).
  • Strong analytical and organizational skills.
  • Ability to work under pressure and meet deadlines.
  • Excellent communication and reporting skills.

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