Specialist I, Cost

Phillips 66 & YOU - Together we can fuel the future

As a Specialist, Cost, you will support the effective control and reporting of capital project costs supporting multiple Refineries. You will maintain reliable cost information, support budgets and forecasts, monitor commitments and actual costs, and provide timely analysis that helps project teams and leadership understand performance and act on risks and opportunities. Working across engineering, procurement, construction, project management, scheduling, accounting, and contractor interfaces, you will help promote accurate, consistent, forward-looking project controls.

What You'll Do

• Manage assigned cost-control activities for a portfolio of capital projects or project areas, applying approved project-controls procedures, standards, and reporting requirements.
• Prepare, maintain, and analyze project cost estimates, budgets, forecasts, and reports, including labor projections, reallocations, forecasts at completion, accruals, cash-flow views, trend analyses, and variance explanations.
• Support project setup and maintenance in SAP, EcoSys, or other approved project-controls systems, including alignment of work breakdown structure (WBS) elements, networks, budgets, commitments, actuals, and reporting structures.
• Prepare and analyze costings for construction, maintenance, or improvement work, including materials, quantities, and labor time.
• Monitor purchase orders, commitments, invoices, actual costs, accruals, approved changes, and remaining work; reconcile information and identify issues early to improve forecast accuracy.
• Analyze project performance against approved budgets, current forecasts, and prior forecasts; explain cost drivers, variances, over-runs, risks, and opportunities, and recommend corrective actions to project leaders.
• Coordinate with project managers, senior cost specialists, schedulers, procurement, accounting, engineering, construction contractors, and other stakeholders to collect, validate, and reconcile cost and progress information.
• Coordinate with planning and scheduling personnel to understand progress, earned value or work-in-place information, schedule impacts, and implications for cost forecasts.
• Support change management, contingency tracking, cost-reduction initiatives, and risk mitigation by evaluating scope, schedule, and cost impacts.
• Prepare project review reports, presentations, special reports, and other complex documents; summarize data clearly using standard office applications.
• Maintain accurate project documentation and data quality; support internal controls, audits, project closeout, regulatory and policy compliance, and continuous improvement of cost-control processes.
• Build knowledge of relevant technology, external regulations, and industry practices through ongoing education and training, and identify practical ways to improve cost-control methods and reporting.

What You'll Bring - Required

• Legally authorized to work in the United States
• Bachelor's degree
• 7 months or more of experience working with straightforward procedures or systems in project controls, cost control, cost analysis, budgeting, forecasting, accounting, or a related area
• Working knowledge of project cost-control practices, including budgets, work breakdown structures, forecasting, accruals, commitments, invoices, variance analysis, change management, and reporting
• Experience with Microsoft Excel and the ability to organize, analyze, reconcile, and clearly communicate financial and project information

What Makes You Stand Out - Preferred

• Approximately 12 months of experience in project controls, cost control, cost analysis, budgeting, forecasting, accounting, or a related area
• Experience with SAP Project System functionality for project costs, purchase orders, commitments, actuals, accruals, and invoices
• Experience with EcoSys or a similar project-controls platform
• Working knowledge of Primavera P6 or another project-scheduling tool and the relationship between schedule progress and cost forecasting
• Experience supporting engineering, procurement, and construction activities on large capital projects; experience in oil and gas, refining, petrochemical, or industrial projects is beneficial

Compensation Range 

This position has a base salary range of $96,300 - $117,700.

At Phillips 66, we are committed to pay transparency and competitive, equitable compensation. Each role is assigned a salary grade with a defined pay range, benchmarked against industry peers. Where a candidate offer falls within the posted range depends on the candidate's experience, skills, and alignment with the role’s requirements. Offers are made to ensure internal equity and market competitiveness. Our compensation programs are designed to reward performance and support career growth.

Total Rewards

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, cultivate an environment of trust, seek different perspectives and pursue excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.

To be considered

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 09/30/2026.

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1).  Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.