Cost Engineer Job Description

Cost Engineer Job Description

180 votes for Cost Engineer
Cost engineer provides systems integration support, systems engineering and project management support to branch and COTRs utilizing experience in construction, engineering and research & development.

Cost Engineer Duties & Responsibilities

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

Sample responsibilities for this position include:

Interact with the engineering team, procurement, quality, manufacturing, marketing and suppliers
Coordinate project activity with marketing, quality, suppliers, laboratories, manufacturing, codes and engineering functions
Direct the activities of Engineering Life Test Lab Technician
Perform quantity surveys from construction documents and physical site inspections
Analyze construction cost data and design drawings
Promptly anticipates cost overages or other unsatisfactory cost elements and prepares cost exception report
Primary responsibility will be to calculate part prices and tooling investments, both in new projects and support projects currently in progress
Provide support during the change management process
Provide suppliers with in-depth technical updates regarding their production lines or layouts related to cost drivers and investments
Frequent visits to suppliers and technical exhibitions to maintain knowledge of current product methods and materials

Cost Engineer Qualifications

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

Licensing or Certifications for Cost Engineer

List any licenses or certifications required by the position: CCP, CEP, ASPE, AACE, CPM, PMP, SAVE, DOD, III, FE

Education for Cost Engineer

Typically a job would require a certain level of education.

Employers hiring for the cost 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, Business, Finance, Surveying, Construction, Technical, Accounting, Manufacturing, Management

Skills for Cost Engineer

Desired skills for cost engineer include:

Startup work processes
Practical experience
Engineering and construction management customarily acquired over time through specialized instruction
Financial systems
Relevant Health and Safety legislation
Financial reporting systems and controller account codes

Desired experience for cost engineer includes:

3+ years of supervisory experience strongly preferred
Proficient in all Microsoft Office products (excel, word)
Must be process oriented with strong analytical skills and a high degree of business acumen with a strong willingness to learn operational and strategic business issues
3+ years of solid experience in automotive component manufacturing processes
Demonstrate a solid grasp of business concepts, realistic judgment, and quantitative and critical thinking skills
Exhibit One Ford Leadership Behaviors (integrity, drive, courage and initiative) in personal and professional experiences

Cost Engineer Examples


Cost Engineer Job Description

Job Description Example
Our growing company is looking to fill the role of cost engineer. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for cost engineer
  • Required to frequently visit suppliers and attend technical exhibitions to maintain current knowledge of production methods and materials, future technologies that will be used when our products go into production
  • Work in the rapidly growing field of advanced appliances to create and deliver customer focused solutions to the marketplace
  • Develop and implement system solutions for next generation appliances
  • Drive systems solutions that optimize cost, quality and time to market
  • Continuous improvement or development of new or improved test systems and processes
  • Work in an environment where diversity of people, thoughts, opinions, and ideas are valued and encouraged
  • Develop and write test plans to validate designs coordinating with lab resources to perform tests
  • Develop project schedules that align with the project team and communicate progress against the schedule to maintain alignment with all subsystems
  • Work with codes and safety as it would pertain to the design of the system within an appliance
  • Identify, analyze and solve issues
Qualifications for cost engineer
  • Stamping & Welded Assemblies
  • Plastic Injection Molding & Plastic Finishing
  • Bachelor degree with 3~5 years working experiences
  • Technical background or familiar with product cost principles, cost management and cost analysis skills
  • PC/server product hardware knowledge / Project Management skills are preferred
  • Fluent in both Chinese and English, on site support to plant MFG and shipment

Cost Engineer Job Description

Job Description Example
Our company is searching for experienced candidates for the position of cost engineer. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost engineer
  • Provide necessary cost engineering support and expert advice to the Head Project Control and other project senior staff of the project by implementing client system and project specific procedures in order to meet project objectives
  • Assists in new product planning by forecasting costs (variable, assembly, indirect, ) and analyzing costs of various options
  • Coordinates cost down efforts by establishing targets, analyzing the total cost of current products, and comparing to the estimates or recommended target costs
  • Gathers cost data specific to part fabrication and compares with supplier data to ensure data integrity
  • Reviews and analyzes specifications, manufacturing processes and quality issues impacting cost
  • Enters, updates and maintains databases of cost information
  • Contributes to their team or department by applying their knowledge or functional areas
  • Assist in managing/performing cost segregation and fixed asset studies from start to finish
  • Provide detailed cost analysis of commercial/industrial building projects
  • Assist with review process
Qualifications for cost engineer
  • Manage global monthly cash flow projections
  • Facilitate global Change Management process
  • Administer program cost control systems
  • Working knowledge of Primavera P6, project controls software tools
  • In-depth knowledge of materials such as steel grades, iron, aluminum, alloys
  • Professional in-depth knowledge in process and production times, assembly methods for manufacturing of various parts

Cost Engineer Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of cost engineer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost engineer
  • Strong mentoring, training and staff development skills
  • Promotes teamwork among all project participants
  • Receives., logs, issues CE# and tracks all changes
  • Works with all PM’s to collect and present all changes to management and/or Owner
  • Works with estimating to confirm all pricing received from subcontractors
  • Assists in prepartion of the monthly report
  • Assists in preparation of the monthly invoice to the Owner
  • Review and approve each bid package schedule of values
  • Manage the cost management issue log and files
  • Review and process all change orders, EWA’s, Back Charges
Qualifications for cost engineer
  • Knowledge associated with the calculation of the costs for SGA, OH for raw-material/Purchased parts and services, manufacturing OH and Profit markups
  • Knowledge and understanding of change management as it relates to the impact on dies/tools
  • Knowledge in tooling and dies manufacturing, such as design, CNC, die spotting, bench work, including spark eroding
  • Occasional day trips with possible overnight travel are required, potential international travel
  • Team Center proficiency preferred
  • Proficient in MS Excel for Data analysis and reporting purposes (Graphs & Data visualization, Pivot tables)

Cost Engineer Job Description

Job Description Example
Our company is hiring for a cost engineer. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cost engineer
  • Use lean, practical, and engineering knowledge in costing
  • Assists and/or prepares extra work pricing packages, forwards, receives, analyzes and presents to PM and Senior Project Manager
  • Perform tasks required to develop and maintain budgets for a project
  • Define the main questions to be answered by the bid technical manager for each sub-system
  • Collect and ensure the technical data on the product and on the industrial processes used on various projects
  • Based on the understanding of the sub-system, define the main parameters of each sub-system
  • Develop a technical sizing tool between function performances and the technical product parameters (performances, weight, volume) based on physics or/and statistics
  • Evaluate the value of the different industrial cost drivers (raw material, working time, …) with a statistic approach
  • Estimate the variable cost of the sub-system/product
  • Explain the behavior of the sub-system thanks to an educational sheet based on abacus
Qualifications for cost engineer
  • Minimum of 1+ years’ experience in an engineering field
  • Experience with motors, drive systems, and electronic controls
  • Familiar with lab test equipment and instruments, and ability to program instruments
  • A self-starter with the capability to work across functional boundaries to solve problem
  • Outstanding interpersonal skills with the ability to provide leadership
  • Training in 6-Sigma techniques

Cost Engineer Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of cost engineer. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for cost engineer
  • You are responsible for cost and value engineering projects, trainings and coaching
  • You support the engineering and commodity teams to drive forward supplier productivity
  • Change Order Requests - review critical change order requests from Construction Managers and trade contractors to confirm if the request is in scope or out of scope
  • Estimates – work with the development and construction teams to create and review estimates and budgets across multiple disciplines and types of work
  • Train the users of the different models
  • Update the models by integration of the return of experience on new projects
  • Monitor, control and analyse the project cost information, identify variances and bring these to the attention of the Project Manager with possible alternatives
  • Project Documents (PDD, IRM papers ) – Contribute to the drafting and updating of these documents to ensure that they contains the project Scope of Work, KPI’s, payment milestones and the methodology for controlling the project schedule, costs and variances
  • Identify cost out potentials in connection with standardization and modularization (pareto analyses )
  • Provide support / input to the development of the Project Control Planning
Qualifications for cost engineer
  • Basic understanding of CAD principals, experience working in Pro-Eng
  • Experience with system simulation tools
  • 5+ Years of relevant experience related to the functions listed above
  • Bachelor’s Degree in Engineering, Finance or related discipline preferred
  • Proficient in MS Office Suite, familiar with special estimating software or programming skills would be a plus
  • Breadth of experience across whole project and programme lifecycle

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