Cost Control Engineer Full Time

Key Responsibilities

• Cost Estimation and Budgeting:
  • Develop accurate cost estimates for pipe spool fabrication projects based on project specifications and scope.
  • Prepare detailed budgets, including labor, materials, and overhead costs.
  • Review and update budgets as necessary based on changes in project scope or cost factors.
• Cost Monitoring and Control:
  • Track and analyze project expenditures to ensure adherence to budgets.
  • Implement cost control measures and recommend adjustments to optimize financial performance.
  • Identify and investigate cost variances and provide corrective actions to address discrepancies.
• Financial Reporting:
  • Prepare and present regular financial reports, including cost summaries, forecasts, and variance analyses.
  • Provide financial insights and recommendations to project managers and senior management.
  • Ensure timely and accurate submission of financial data and reports.
• Change Management:
  • Evaluate the financial impact of change orders and scope adjustments.
  • Work with project managers to assess the cost implications of design changes and project modifications.
  • Update cost estimates and budgets to reflect approved changes.
• Cost Forecasting and Analysis:
  • Develop and maintain cost forecasts and financial projections for ongoing and upcoming projects.
  • Analyze project cost trends and provide recommendations for cost-saving measures.
  • Conduct post-project financial reviews to evaluate budget performance and identify lessons learned.
• Procurement and Contract Management:
  • Collaborate with procurement teams to evaluate and negotiate contracts with suppliers and subcontractors.
  • Monitor and manage subcontractor and supplier costs to ensure compliance with contract terms.
  • Review and approve cost-related documents, including invoices and payment applications.
• Compliance and Documentation:
  • Ensure compliance with company policies, industry standards, and regulatory requirements related to cost control.
  • Maintain accurate and organized cost control documentation and records.

Qualifications

• Bachelor’s degree in Mechanical Engineering with Strong Experience in Cost Control.
• 10 years of experience in cost control, financial management, or a similar role within the pipe spool fabrication or construction industry.
• Strong understanding of cost control principles, budgeting, and financial analysis.
• Proficiency in cost control software and tools. Microsoft Excel proficiency is a must (e.g., MS Excel, SAP, Primavera).
• Excellent analytical and problem-solving skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to work independently and manage multiple tasks in a fast-paced environment.
• Professional certifications related to cost control (e.g., Certified Cost Engineer (CCE)) are a plus.