Cost Control Engineer Job Description

Cost Control Engineer Job Description

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Cost control engineer provides expertise and project management in the areas of Software Development, Software Engineering, Software Lifecycle Management, Systems Analysis and Design, Systems Development, Verification and Validation, Installation, Senior Software Systems Integration, Systems Maintenance, and Systems Reengineering and computer engineering for military operations and systems.

Cost Control Engineer Duties & Responsibilities

To write an effective cost control engineer job description, begin by listing detailed duties, responsibilities and expectations. We have included cost control engineer job description templates that you can modify and use.

Sample responsibilities for this position include:

Development of Cash flows and providing the Accounting department with necessary information for invoicing and accounting
Administers budget variance tracking for the project
Review new project budget and cost codes against estimates
Manage the Project Status Report process for all projects within the regional office
Review all monthly Project Status Reports with the Operations Manager prior to issuing to Corporate Office
Analyze department team forecasts
Review status of project Change Order
Manage the Contract Modification process within CMiC, review final entry prior to posting
Review project Cashflow reports with each project team
Assists with the development and management of the cost control systems to provide project and company management with accurate financial information

Cost Control Engineer Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Cost Control Engineer

List any licenses or certifications required by the position: CCP, AACEI

Education for Cost Control Engineer

Typically a job would require a certain level of education.

Employers hiring for the cost control engineer job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Engineering, Construction Management, Science, Finance, Business/Management, Finance/Accounting, Construction, Business/Administration, Accounting, Education

Skills for Cost Control Engineer

Desired skills for cost control engineer include:

SAP maintenance and project systems
Accounting
Diversified controls engineering systems
Engineering
Excel
Principles and practices
Procurement
Access
Commodity markets and price trends
Microsoft Project Scheduling software

Desired experience for cost control engineer includes:

Advanced degree or professional registration preferred
Capable of assisting PMO Manager in Time & Cost Management of the Projects
Professional Skill in P6 is a Must
Capable of monitoring all the Project Progress including Time & Cost and report to PMO regarding any delay or over budgeting expected and the effects on the project
Minimum of 3 years' experience in cost control of large/complex projects including budget preparation and reporting
May provide guidance, direction, and specialized assistance to others in the resolution of project control problems

Cost Control Engineer Examples

1

Cost Control Engineer Job Description

Job Description Example
Our company is looking to fill the role of cost control engineer. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost control engineer
  • Identify and report value engineering and cost reduction opportunities
  • This position will manage a staff of cost engineers
  • Supporting the development of estimates and budgets
  • Supporting the development of plans and schedules
  • Tracking performance against the budgets and schedules while correlating performance information against the work processes
  • Analyzing variances of both direct hire and contract hire work activities
  • Identifying trends where deviations are about to occur unless action is taken
  • Identifying potential scope changes
  • Providing input on project schedule
  • Tracking labor charges and rates against budgets
Qualifications for cost control engineer
  • Demonstrates a strong commitment to the Enivornmental Health & Safety agenda through exemplary personal conduct
  • Demonstrates championing, monitoring and continual improvement in meeting T&D Balanced Scorecard Metrics
  • Bachelors of Science degree in any discipline within Engineering, Business Administration, Construction Management, or Business Management from an accredited college or University within twelve (12) months of graduation date
  • Developing cash flows in multiple currencies
  • Supporting the cost and commitment programs
  • Developing of estimates for trends
2

Cost Control Engineer Job Description

Job Description Example
Our company is growing rapidly and is hiring for a cost control engineer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost control engineer
  • Leads estimate task teams who are tasked to perform probable cost estimates for products and services that may be contracted and delivered by company, or that the Client may solicit in the open market
  • Assigns a team of estimators to prepare material takeoffs for the most complex projects, drawings, plans and specifications
  • Defines contract risk and establishes contract cost exposure and probability due to the identified risk
  • Perform bid analysis for service contracts, and provide estimates to validate supplier pricing and construction FCOs
  • Evaluate and recommend alternatives developed during conceptual planning
  • Assist in the development, evaluation and improvement of cost estimating and cost control tools and related processes
  • Establish work breakdown structures and prepare cost reports
  • Provide cost controls for large capital investments and turnarounds of various size and complexity
  • Develop turnaround estimates, project and turnaround cost forecasts, and preparing project and turnaround cost reports
  • Apply strong analytical skills that will allow proper assessments of projects to identify potential issues
Qualifications for cost control engineer
  • 4-year degree in Construction Management, Engineering, Business Management or a closely related field
  • Currently enrolled in a four-year Bachelors of Science degree program in any discipline within Engineering, Construction Management, or Business Management from an accredited college or University
  • Completed at least one year of undergraduate studies in any discipline within Engineering, Construction Management, or Business Management
  • Previous co-op or internship experience
  • Ability to lead an estimate team that is required to perform difficult and complex estimating activities typical to the engineering and construction industry projects and programs is required
  • BS in Engineering, Construction, or Business discipline or minimum 8 years of equivalent work experience
3

Cost Control Engineer Job Description

Job Description Example
Our company is looking for a cost control engineer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost control engineer
  • Carry out bid analysis for complex service contracts
  • Execute audits of invoices
  • Develop and support of contracting strategy for projects and turnarounds
  • Setting up cost control Procedures
  • Setting up Budgets & implementation of Cost Control Tools
  • Estimation of Total Forecasts and Expected Outcomes
  • Assisting Project Managers in Optimizing and improving budgeted projects
  • Generation of monthly internal / external status reports (PMR)
  • Development of statistical and close-out reports, with a view towards improving feedback data and Estimation tools on the future contracts / proposals
  • Act as a project point of contact for internal and external audits of all cost control functions by providing full assistance to the auditors
Qualifications for cost control engineer
  • At least 4 years of relative work experience
  • Experience with Project Controls concepts (project initiation, planning, execution, monitoring & controlling, closeout) field or home office
  • Experience with ERP systems for identifying and reporting actual costs posted to projects
  • Experience with Project Management Document management software tool applications experience (ECM, File Net, Sharepoint, e-Builder)
  • Must be very well organized, flexible in a changing environment and capable of working independently and with the team
  • Capable of managing and organizing large amounts of data and developing ad hoc reporting
4

Cost Control Engineer Job Description

Job Description Example
Our company is looking for a cost control engineer. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost control engineer
  • Coordinate and monitor cost engineering activities and assisting in implementing required resources and systems to ensure availability of timely, accurate cost information and forecasts
  • Develop turnaround estimates, turnaround and project cost forecasts, and preparation of turnaround and project cost reports
  • Display strong analytical skills to allow for proper assessments of projects to identify potential issues
  • Work both independently and with a team in carrying out a project’s cost control and forecasting
  • Perform studies, analysis, and bid analysis for complex service contracts
  • Manage audits of invoices
  • Develop and support of contracting strategy for large capital projects efforts
  • Provide input or co-develop the Project Controls Plan, including coding structure
  • Develop Earned Value Management system and performance KPI’s, based on input from project leads
  • Produce periodical progress, Earned Value and KPI reports and recommend corrective actions
Qualifications for cost control engineer
  • Experience with Cost Engineering concepts (project cost controls, billing/invoicing, estimating, forecasting, and variance reporting)
  • Candidates must take personal accountability for actions and results
  • Integrated Data Management Tools such as Crystal Reports, Business Objects, Xcelsius, Oracle
  • Experience with Enterprise Portfolio Scheduling Software tools a plus (Primavera P5, P6)
  • PMI credential a plus
  • As an employee of (PSE&G or PSEG LI), you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations
5

Cost Control Engineer Job Description

Job Description Example
Our company is growing rapidly and is looking for a cost control engineer. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost control engineer
  • Develop and roll out the change management system
  • Facilitate cost trending and project performance review meetings
  • Provide input to client billing (preparation of schedule of values), analyze revenue and cost reports, included margin analysis
  • Provide budgetary input to the bidding process and participate in supplier appraisal process as required
  • Ensuring accurate records are maintained in the Cost Control Program (SEO)
  • Ensuring incurred cost in cost coded correctly
  • Assist in all the month-end processes
  • Assisting in preparation of monthly progress claim, by providing records of actual work carried out on site for each activity
  • Reporting to facilitate management decision-making process and ensuring optimal technical - economic
  • Implement standard cost, schedule and risk management programs, processes and practices to ensure Design and Construction projects are performed in accordance with approved budgets and schedules
Qualifications for cost control engineer
  • PSEG is proud to be an EEO/AA employer
  • Minimum 4 years of experience with Project Controls concepts (project initiation, planning, execution, monitoring & controlling, closeout) field or home office
  • Minimum 4 years of experience with Cost Engineering concepts (project estimating, forecasting, cost controls and variance reporting)
  • Minimum 4 years of experience with ERP systems for identifying and reporting actual costs posted to projects
  • Minimum 4 years of experience with Project Management Document management software tool applications experience (ECM, File Net, Sharepoint)
  • Experience within strategic deployment plans and optimisation/ improvements activities

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