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Cost Control Engineer

4 weeks ago

Makati City, National Capital Region, Philippines Palawan Group of Companies Full time

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:

  • 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.
Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Cost Control Engineer

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