Cost Engineer

RTR Energy Solutions, Inc.; Allentown (Lehigh County); On-site; USD 70,000 - 90,000; Full time

Job summary

RTR Energy Solutions, Inc. is seeking a Cost Engineer/Analyst in Allentown, PA. The ideal candidate will be responsible for managing project costs, forecasts, and budgets within the utility, oil & gas, or heavy construction sectors.

Key responsibilities include daily management of project costs, contract management, and budgeting for successful project execution. Candidates should have 3+ years of relevant experience and a strong educational background.

Qualifications

• 3+ years’ experience in construction project cost control.
• Demonstrated experience managing project budgets and forecasts.
• Utility experience preferred; construction industry experience a must.

Responsibilities

• Manage project cost on a day-to-day basis, including accrual-based accounting tasks.
• Generate initial project forecast and input into client’s cost management software.
• Prepare the initial project budget, based on the initial forecast.

Skills

Construction project cost control

Accruals-based accounting

Budget management

Project governance

Education

Bachelor's degree from a four-year college/university

Job description

The ideal candidate will have a strong background in cost responsibilities within the utility, oil & gas, or heavy construction sectors. As a Cost Engineer/Analyst, you will play a crucial role in overseeing project forecasts, budgets, accruals, and resources to ensure successful project execution.

Key Responsibilities

• Manage project cost on day-to-day basis, including accrual-based accounting tasks.
• Forecasting:
  • Generate initial project forecast and input into client’s cost management software.
  • Update project forecasts through the life cycle – this includes updating forecasts for engineering, construction, and procurement activities and resources.
• Contract management:
  • Accept, review, and process invoices and change orders.
  • Ensure project costs for contracted resources are in accordance with PO terms.
  • Prepare monthly accruals for work performed by vendors.
• Budgeting:
  • Prepare the initial project budget, based on initial forecast.
  • Identify and manage forecast to budget variances throughout the project life cycle.
  • Submit variances to proper governance channels for change management and change approval (i.e. assist the PM in asking for additional funds or giving back unrequired funding).

Qualifications

• 3+ years’ experience in construction project cost control.
• Utility experience preferred; construction industry experience a must.
• Bachelor's degree from a four-year college/university is highly preferred.
• Working knowledge of accruals-based accounting operations.
• Demonstrated experience managing project budgets and forecasts.
• Demonstrated experience in project cost governance.
• Must be a “self-starter” and assertive, willing to seek information needed and/or ask for help to ensure the requirements of the job are met.