Cost Engineer

The ideal candidate will have a strong background in cost responsibilities within the utility, oil & gas, or heavy construction sectors. As a Cost Engineer/Analyst, you will play a crucial role in overseeing project forecasts, budgets, accruals, and resources to ensure successful project execution.

Remember to check your CV before applying Also, ensure you read through all the requirements related to this role.

Key Responsibilities:

• Manage project cost on day-to-day basis, including accrual-based accounting tasks.
• Forecasting:
• Generate initial project forecast and input into client's cost management software.
• Update project forecasts through the life cycle - this includes updating forecasts for engineering, construction, and procurement activities and resources.
• Contract management:
• Accept, review, and process invoices and change orders.
• Ensure project costs for contracted resources are in accordance with PO terms.
• Prepare monthly accruals for work performed by vendors.
• Budgeting:
• Prepare the initial project budget, based on initial forecast.
• Identify and manage forecast to budget variances throughout the project life cycle.
• Submit variances to proper governance channels for change management and change approval. (i.e. assist the PM in asking for additional funds or giving back unrequired funding).

Qualifications:

• 3+ years' experience in construction project cost control.
• Utility experience preferred, construction industry experience a must.
• Bachelor's degree from a four-year college/university is highly preferred.
• Working knowledge of accruals-based accounting operations.
• Demonstrated experience managing project budgets and forecasts. xhyhwjd
• Demonstrated experience in project cost governance.
• Must be a "self-starter" and assertive, willing to seek information needed and/or ask for help to ensure the requirements of the job are met.