Project Cost Estimator

4 weeks ago

Midland, United States Incubation Systems Private Limited Full time
*Title –* Project Control Cost Management Specialist

*Location* – Midland MI USA 48642

*Duration* – 08+ months with possibility of extension

*Shift –* Mon-Fri 40 hours/week 6:00am-2:30pm;

*Payrate* – $40-49/hour

Job Summary:

Business Justification Effective monitoring and reporting of project costs and project management consultation are critical for project success. The Project Controls Cost Management Specialist provides a baseline cost and forecast to ensure that the project team and business leadership understand the project progress as well as any issues or concerns during execution.
Assists the project managers and project engineers to ensure utilization of cost management best practices to achieve project objectives. This position works with the project leadership team to ensure accurate and timely cost controls are implemented and maintained during the project lifecycle.

*Responsibilities:*
* Derive the cost baseline based upon project plans, baseline estimate and baseline schedule.
Work closely with project estimator to ensure that project estimation is done in a conceivable manner for cost control and cost breakdown is uploaded into SAP breakdown structure.
* Provide project team with up-to-date commitment, spending, deviation and forecast information needed to appropriately manage project budget and costs.
* Analyze project commitments and spending to ensure that each item is within project scope and aligns with the project estimate.
* Communicate with project team members to determine current status of assigned projects.
* Investigate and resolve discrepancies between expected and actual planned spending and commitments.
* Use project knowledge from various sources, including SAP and the chosen cost control software, project schedule, project team and contractors, to develop a forecast that is accurately cash-flowed across time.
* Investigate and resolve discrepancies between expected and actual planned spending and commitments.
* Ensure cost deviations and project change orders are accurately recorded and reflected in the project data and forecast.
* Monitor all charges for accuracy, timeliness, reporting, correction, reconciliation, and distributions and pursue corrections/transfers when appropriate.
* Use project knowledge from various sources, including SAP, project schedule, project team and contractors, to develop a forecast that is accurately cash-flowed across time. Issue monthly projects ITC (Indicated Total Cost)
* Coordinate with Project Manager and cost accountants to book project accruals when needed.
* Ensure Project Controls Reports (facesheet) are issued to the project team in accordance with documented Project Controls Plans (frequency, format, etc.).
* Provide final cost data to project team at project closure and aid in the final project lookback and lessons learned reporting.
* Assist on Project Closures and resolving SAP issues.
* Validation of project schedules using commercial software like Deltek.
* Participate in the risk management process and communicate QPA dates to the Risk Lead.
* Tracking of project changes to Budgets, Forecasts, Commitments and Available Costs by way of trends, scope changes, budget transfers and other such baseline deviations.

*Qualifications*:
* BS in Engineering or other field
* 10+ years of capital project experience
* 5-10 years’ experience in cost management on capital projects.

This position offers a competitive salary, benefits package, and opportunities for professional growth. If you are a motivated Controls Engineer with a passion for innovation, we encourage you to apply.

Job Types: Full-time, Contract

Pay: $40.29 - $49.05 per hour

Expected hours: 40 per week

Benefits:
* Health insurance
Schedule:
* 8 hour shift
* Monday to Friday

Ability to Relocate:
* Midland, MI: Relocate before starting work (Required)

Work Location: In person

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