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Job Details

Cost Engineer
Chatsworth, CA  Posted: 7/23/2020


  • Communicate expenditures, budgets, commitments, estimate at completion, and forecast with Project Managers, Costs Leads, and Project Controls Manager.
  • Ensure costs reports are issued on time and with accurate current data and Work Order Authorization Budgets are not exceeded.
  • Work closely with Project Managers to review project financial status, identify deviations from planned budget, and explain variances. Advise concerning budget corrections.
  • Ensure cost controls and reporting processes are applied to track: direct/indirect costs, budgets, and allocations.
  • Ensure accruals are reported and applied to monthly forecast projections.
  • Recognize historical trends and provide forecasting for projects; monitor and modify cash flow.
  • Run SAP reports with all cost data coming from company financial system (directs/indirect), and analyze reports to identify deviations. Work with proper stakeholder to correct identified deviations.
  • Properly read the schedule and understand durations to incorporate in the forecast.
  • Organize and track documents as they go through the approval process, make sure signed forms are gathered, and saved for auditing purposes.
  • Ensure forecast is revised on a monthly basis, and is based on consideration of progress, pending change orders, expenditure rates, and earned value factors.
  • Ensure current budget is updated according to the change management process with latest approved change orders.
  • Schedule and attend meetings, as required.
  • BA/BS Technical degree in related field required; PMP or any AACE certification preferred.
  • 5-10 years of experience, Pipeline, Gas Facilities experience is a plus.
  • Strong written and verbal communication skills and critical thinking skills.
  • Ability to meet deadlines and manage priorities is important.
  • Time management and organizational skills and the ability to deal effectively with stressful situations.
  • Hands-on experience and general knowledge of cost management, including budgeting, change management, forecasting, and reporting.
  • Understanding of basic project accounting principles, and processes is required.
  • Ability to understand agreements, and purchase orders milestone payments.
  • Intermediate proficiency level with Microsoft Office products. SAP experience a plus.
  • Solid analytical and problem-solving skills. Accuracy and attention to detail important.
  • Ability to elicit cooperation from a wide variety of sources, including internal resources and clients.

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