Cost Engineer - Industrial

About the role

The Cost Engineer supports the project team by developing project-specific cost reports, tracking project cost information, forecasting project costs, analyzing trends, and participating in project controls reporting on all industrial projects under the guidance of the Project Controls Team Leader.

Responsibilities

• Utilize project schedule, phase-to-budget information, and procurement plans to create initial baseline WIP plans.
• Create Staffing Plans with the Project Manager for tracking Project Management WIP Plan.
• Develop Field WIP using the Project Schedule.
• Work with the Project Manager on the procurement plan to create Procurement WIP.
• Develop overall project WIP using Sub WIP.
• Update and maintain Project WIP for ongoing monthly Project Reporting.
• Create and adjust project-specific reporting templates to match project reporting requirements.
• Create and maintain Project-Specific Phase-to-Budget Forecasting Template.
• Create and maintain Project-Specific Cost Reporting Template.
• Understand and track phase-to-budget per project to allow for accurate reporting on project controls monthly reports.
• Update Reporting Template to include project changes.
• Conduct monthly audits of Phase-to-Budget to ensure the reporting template matches the project management dashboard.
• Utilize Project-Specific Phase-to-Budget Forecasting Tool by inputting actuals, billed information, and updating percent complete per phase code to forecast at-completion cost.
• Review information monthly with Project Managers and communicate changes and variances from plans.
• Work with the team to ensure the work breakdown structure and cost breakdown structure align.
• Create and maintain Project Cost reports to be included in monthly owner reports.
• Utilize Spectrum and P6 to create LPI Reports based on earned value and actuals per project.
• Verify the accuracy of automated reports and research variances in cost reports.
• Develop plans to ensure cost reporting on projects can be executed based on project requirements.

Requirements

• Bachelor’s degree in a related field or equivalent through experience (typically six years of related progressive work experience).
• Extensive practical experience with MS Office applications (Excel, Word, Access).
• At least 2 years of Accounting or Financial industry-specific experience.
• Ability to understand and communicate Earned Value Concepts.
• Valid driver’s license; Procore Certifications preferred.

Skills

• Excellent organization and communication skills.
• Project Management skills as well as personal management skills.
• Accounting software knowledge.
• Advanced computer software skills.
• Problem-solving capability.
• Able to multi-task and manage time effectively.
• Construction knowledge.

Work Environment

• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift 10 pounds occasionally.

Equipment / Tools

• Laptop Computer.