Cost Engineer - Mechanical

To deliver a complete suite of cost-control services. This includes monitoring and forecasting the project budget and preparing periodic cost status reports.

Job Responsibilities

• To monitor budget variances and provide support to all project members regarding the control, formulation and interpretation of budgets, trends and estimates at completion.
• To create/update the Project Structure Resources/WBS in SAP.
• To provide and ensure accuracy of Work Breakdown Structure (WBS) provided for various activities and resources to ensure costs are booked precisely.
• To coordinate with project management to develop appropriate control budgets consistent with project estimate and WBS in the project preparation phase.
• To prepare project cost control reports and documentation.
• To review any changes in project scope of work and continually evaluate cost estimates impact upon project.
• To monitor all spending within the project to provide a proper update of budget forecast.
• To reconcile forecasted and actual expenditures and accruals in conjunction with the project budget.
• To provide variance analysis and recommend corrective actions for deviations from cost plan or budget. (when needed) 
• To review any budget amendment requests received from the projects to ensure validation and compliance with department policy and procedure.
• To review and audit reports related to project progress and cost data from projects.
• To perform field visits to review and discuss points of concern related to cost control activities.
• To identify and document areas of opportunity that can result in cost/time savings.
• To administer subcontractor valuations and payments in coordination with other project staff.
• To participate in developing and delivering material training related to cost control activities.
• To perform any other work-related tasks as assigned by the Direct Manager.