Cost control Engineer

Core Group Resources; Houston (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

Core Group Resources is seeking a Cost Control Engineer in Houston, Texas. The role involves managing and controlling project costs, ensuring financial efficiency and success of complex projects. Responsibilities include implementing cost control systems, preparing cost reports, and collaborating with project managers.

Candidates should have a Bachelor's degree related to Engineering or Finance and a minimum of 3 years of relevant experience. Proficiency in cost control techniques, financial analysis, and advanced Excel skills are essential.

Qualifications

• Minimum of 3 years of experience in cost control, project controls, or project management.
• Fluency in English required.
• Preferred candidates will have relevant certifications.

Responsibilities

• Implement and maintain the Cost Control System.
• Track project expenditures and monitor compliance with budgets.
• Prepare accurate and timely cost reports.
• Identify cost variances and recommend mitigation measures.
• Monitor project progress and calculate cost accruals.

Skills

Cost control techniques

Financial analysis

Analytical skills

Problem-solving

Communication skills

Interpersonal skills

SAP

Excel

Education

Bachelor’s degree in Engineering, Construction Management, Accounting, Finance, or a related field

Tools

Work Breakdown Structure (WBS)

Cost Breakdown Structure (CBS)

Job description

Cost Control Engineer

In this vital role, you will be responsible for managing and controlling project costs through the development and maintenance of reliable cost control systems. Your expertise will support project decision-making, ensure budget adherence, and facilitate accurate financial reporting. This position offers an excellent opportunity to contribute to complex projects within a dynamic environment, ensuring financial efficiency and project success.

Responsibilities

• Implement and maintain the Cost Control System, including developing and managing a consolidated Cost Breakdown Structure (CBS) in accordance with established procedures.
• Track project expenditures and monitor compliance with budgets and financial plans.
• Prepare accurate and timely cost reports, analyzing actual costs against budgets and forecasts.
• Identify cost variances, investigate potential overruns, and recommend mitigation measures.
• Monitor project progress and earned value to calculate cost accruals and work-in-progress valuations.
• Develop cost forecasts for upcoming project phases to support planning and resource allocation.
• Support contract changes and claims processes by delivering detailed cost impact analyses.
• Collaborate with Project Managers, Engineers, and stakeholders to communicate cost performance and resolve financial issues.
• Ensure all cost control activities comply with corporate policies, procedures, and reporting standards.

Requirements

• Bachelor’s degree in Engineering, Construction Management, Accounting, Finance, or a related field.
• Minimum of 3 years of experience in cost control, project controls, or project management.
• Proficiency in implementing Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS).
• Strong knowledge of cost control techniques and financial analysis.
• Advanced skills in Excel; experience with SAP and other cost control systems.
• Excellent analytical, problem-solving, and interpersonal skills.
• Effective communication skills for cross-functional collaboration.
• Fluency in English.
• Additional beneficial skills include experience with risk assessment tools and familiarity with project management software.
• Preferred candidates will have relevant certifications and a background supporting complex project environments.