Cost Engineer
2 weeks ago
Job Summary
We are seeking a skilled Cost Engineer to join our team at J-Track, LLC. As a Cost Engineer, you will be responsible for cost tracking, reporting, and control. You will monitor, report, and forecast the financial status of the project, including cost, revenue, risk, and opportunities.
Key Responsibilities
• Compile production data to drive effective decision-making by the project team.
• Provide accurate and timely data analysis and presentation.
• Prepare look-ahead and look-back reports to track field production against established targets.
• Update monthly cost reports in CMiC, including data verification, data entry, and reconciliation with project budget.
• Review and provide supporting information for monthly financial statements.
• Identify key trends, including cost slippage, overruns, potential overruns, and savings opportunities, and report these to the Project Manager.
• Work with Project Management to identify critical cost items and projections.
• Prepare tools and reports to enable tracking of productivity.
• Support the project team in the preparation and review of AWOs, back charges, and cost transfers.
• Communicate and work closely with the Project Manager and Construction Manager to ensure proactive cost management.
• Track progress billings.
• Review subcontractor billings, payment, and accruals.
• Periodic visits to the project office and site to understand the details of the work being performed.
Education / Certifications & Qualifications
• Degree in Construction Management, Engineering, or Business.
Qualifications of the Position
• Basic understanding of monthly financial reporting and construction cost management practice.
• 2 to 5 years of construction financial management experience preferred.
• Basic understanding of construction and field terminology.
• 2 to 5 years of construction field experience preferred.
• Computer knowledge: Cost Systems (CMiC and HCSS preferred), Microsoft Excel, Word, Outlook, Teams, Sharepoint.
• Strong verbal and written communication skills to obtain working knowledge of the project.
• Ability to work as a team player and lead financial discussions.
• Excellent organizational and time management skills.
• Detail-oriented, analytical, and data-driven mindset.
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