Cost Engineer (Allentown)

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.

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.
• 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.