The Engineering Department Cost Control Engineer is responsible for monitoring and controlling project costs to ensure they are within budget and aligned with project objectives. This role involves a combination of technical skills, financial acumen, and strong analytical abilities.

MINIMUM REQUIREMENTS:

Education: Bachelor's degree in Engineering, Construction Management, or related field.

Related Work Experience: Proven experience in cost estimation, budgeting, and financial analysis within an engineering or project-based environment

Knowledge (knowledgeable in the following) :

• Strong analytical skills with the ability to interpret complex financial data.
• Knowledge of engineering principles, terminology, and project management concepts.
• Familiarity with ERP systems and project management software.
• Proficiency in cost control software and tools.
• Knowledge of project management methodologies and principles.

Skills:

• Excellent communication and interpersonal skills to effectively collaborate with cross-functional teams.
• Proficiency in financial modeling and analysis tools.

DUTIES AND RESPONSIBILITIES:

Cost Tracking:

• Monitor actual costs against the project budget.
• Track expenditures on labor, materials, and equipment.
• Identify variances between budgeted and actual costs.

Variance Analysis:

• Analyze cost variances to determine root causes.
• Develop corrective action plans to mitigate cost overruns.
• Identify opportunities for cost savings.

Change Order Management:

• Review and approve change orders.
• Assess the impact of change orders on project costs and schedule.
• Negotiate with contractors and suppliers to minimize cost increases.

Progress Reporting:

• Prepare regular progress reports, including cost and schedule updates.
• Communicate project status to stakeholders.

Forecasting:

• Forecast future costs based on historical data and current trends.
• Identify potential cost risks and develop mitigation strategies.

Cost Control Tools and Techniques:

• Utilize cost control software and tools to track and analyze project costs.
• Employ techniques such as earned value analysis and critical path method (CPM).

Collaboration with Project Team:

• Work closely with project managers, engineers, and procurement teams to ensure cost-effective decisions.

Please refer to job description.