Senior Cost Engineer

1 week ago

Rosemead, California, United States PM2CM Inc Full time
Job Title: Senior Cost Engineer

At PM2CM Inc., we are seeking a highly skilled Senior Cost Engineer to join our team. As a Senior Cost Engineer, you will be responsible for overseeing cost control functions for multiple large-scale projects, ensuring accuracy in the development and maintenance of project budgets, baselines, and expenditure plans for both short- and long-term project durations.

Key Responsibilities:
  • Cost Management: Oversee cost control functions for multiple large-scale projects, ensuring accuracy in the development and maintenance of project budgets, baselines, and expenditure plans for both short- and long-term project durations.
  • Budget & Forecasting: Develop and manage cost forecasts, tracking project financials, and providing up-to-date expenditure projections. Ensure consistency in maintaining and adjusting budgets to align with project progress and changes.
  • Change Orders: Handle the financial impacts of frequent change orders, ensuring that cost adjustments are accurately reflected in the projects financial plans.
  • Support change control and contract negotiation/claim management processes.
  • Assist in the implementation, analysis, and reporting of performance using industry metrics (e.g., earned value management).
  • Reporting & Analysis: Prepare routine and ad-hoc reports to assist project managers (PMs) and organizational units (OU) in monitoring and managing project costs. Reports may include budget vs. actuals, commitment, contingency, earned value, cost per unit, and cost impact analysis.
  • Risk Management: Develop and maintain a risk register to assess and monitor the contingency required for projects. Use this data to support effective cost control and project decision-making.
  • Data Analysis & Scenario Planning: Conduct in-depth cost analysis, what-if scenarios, and research to assess the financial impact of different project decisions and conditions.
  • Stakeholder Collaboration: Work closely with project stakeholders, including PMs, engineers, contractors, and finance teams, to gather relevant data and ensure alignment on project cost management.
  • Communication: Communicate effectively with stakeholders at various levels of the organization, delivering clear, concise reports and presentations that summarize project costs, risks, and financial performance.
  • Project Controls Data Management: Prepare project controls data request responses and work papers to support corporate/OU governance, internal/external audits, General Rate Cases, and regulatory filings.
Requirements:
  • Seven or more years of experience in cost controls/management.
  • Demonstrated experience in Project Management, Project Controls, and/or Construction Management, or equivalent experience. Utility construction/CA regulated/regulatory/EPC experience is desirable.
  • Demonstrated knowledge and experience in contract negotiation/management, handling/reviewing claims, and processing/managing change orders.
  • Demonstrated experience with Microsoft software (e.g., Word, Excel, PowerPoint, and Visio) and SAP or similar Enterprise Resource Solutions application.
  • Demonstrated experience with Project Controls software (e.g., Project, Primavera, and Contract Manager).
  • Education: A combination of education, training, and experience generally equivalent to those typically possessed by a 4-year college graduate (from an accredited institution in an applicable profession, business, or engineering/technical discipline). An advanced degree is preferred.

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