Cost Engineer (Mechanical Engineer)

SM Engineering Design and Development Corp.; Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

SM Engineering Design and Development Corp. is seeking a Mechanical Engineer with a focus on budgeting and cost control for development projects in the Philippines.

The role involves preparing initial budgets, coordinating with Construction and Project Managers, and ensuring budgets stay within approved parameters. The ideal candidate holds a Mechanical Engineering degree with a relevant professional license and 2 years of related experience, and is proficient in SAP, MTWO, and SAP HANA for

Qualifications

• Bachelor’s degree in Mechanical Engineering.
• Professional license relevant to the field.
• Preferably with 2 years related experience.

Responsibilities

• Monitors the preparation and approval of budget-related documents and tracks progress.
• Participates in pre-construction meetings and prepares initial budgets for development projects.
• Liaises with Construction/Project Managers based on estimated items in the budget.
• Ensures detailed budgets stay within approved parameters and assesses cost variance validity.
• Reviews actual cost performance versus approved budget and updates KPI-related metrics.
• Reviews and analyzes requests for budget movements prior to approval.

Skills

Budget tracking

Cost analysis

Risk identification

Education

Bachelor’s degree in Mechanical Engineering

Professional license relevant to the field

Tools

SAP

MTWO

SAP HANA

Job description

• Monitors the preparation and approval of Rate Cards and General Construction Works Provisional Contract and provides tracker to ensure timely schedule or within the specified schedule

Budget Preparation

• Participates in meetings related to pre-construction activities (Coordinating Division, Internal & External Relationships)
• Prepares initial budget for New Development projects including Redevelopment and Improvement projects based on Design’s conceptual/schematic plan for approval
• Liaises with Construction Manager and Project Manager for specific materials/items based on the estimated listed items on the budget
• Ensures creation of Detailed Budget is within approved parameters set in Initial Budget; assess the validity of the cost variance in terms of deviation from the original intent from Initial Budget.
• Reviews and assess the detailed budgets provides Budget tracker to ensure timely schedule or within the specified schedule

Cost Control Management

• Reviews and analysis of “Request for Budget Movement” for correctness prior to Budget Head’s recommending approval
• Prepares actual cost performance of completed projects in comparison with the established KPI (eg. Cost per sq.m, Cost per TR, Cost per KW, Cost per KVA, ratio of concrete to BUA, ratio of rebar [kg] to concrete [cu.m])
• Evaluates actual cost accomplishment versus approved contract/budget
• Updates of Parametric Costs yearly (for New Mall Development, Redevelopment and Improvements)
• Identifies the potential project and contract risks/issues and recommends possible solutions
• Understands the process and utilizes the standard techniques and tools in risk identification and analysis

Technology Proficiency (SAP, MTWO, SAP HANA)

• Validates the SAP Budget Report vs the physical Approved Budget
• Reviews and analyze the Work Breakdown Structure (WBS) form submitted by other groups/teams in conformance to Approved Budget, re-align as necessary

JOB REQUIREMENT

• Bachelor’s degree in Mechanical Engineering
• Professional license relevant to the field
• Preferably with 2 years related experience