Cost Engineer/Project Accountant - MTA Second Avenue Subway Phase 2

PACO Group, Inc.; New York (NY); On-site; USD 80,000 - 100,000; Full time

Job summary

A leading CM/PM firm is seeking a skilled Cost Engineer/Project Accountant to oversee budget management for infrastructure projects. The role requires strong analytical skills and experience in leading cost analysis. Ideal candidates will have a relevant degree and significant experience. This full-time position is based in New York, NY and offers competitive pay between $60-$70 per hour.

Benefits

401(k) and Employer Matching

Health Insurance

Paid Time Off

Professional Development Assistance

Qualifications

• Experience in leading budget/cost management for large-scale infrastructure or transit construction projects.
• 6 years of relevant experience or 8 years in lieu of education.
• Experience working as client's PM/CM agent.

Responsibilities

• Review, analyze, and process invoices and payment applications.
• Manage program and project-level budgeting implementation.
• Support the development of cost breakdown structure and chart of accounts.

Skills

Budget management

Cost analysis

Problem-solving

Attention to detail

Education

Associate's degree in Construction Management or Accounting

Tools

Budgeting software

Job description

Cost Engineer/Project Accountant - MTA Second Avenue Subway Phase 2

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Cost Engineer/Project Accountant - MTA Second Avenue Subway Phase 2

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Company Overview

PACO Group, Inc. is a nationally recognized CM/PM firm that partners with public owners to deliver complex transportation and infrastructure programs. For the MTA’s Second Avenue Subway Phase 2 extension, PACO will embed experienced professionals within the integrated Project Management Team to help keep the project safe, on schedule, and within budget.

Employment Type

Full time

Education Requirements

Knowledge, Skills, & Abilities:

Hourly Rate

$60-70

Company Overview

PACO Group, Inc. is a nationally recognized CM/PM firm that partners with public owners to deliver complex transportation and infrastructure programs. For the MTA’s Second Avenue Subway Phase 2 extension, PACO will embed experienced professionals within the integrated Project Management Team to help keep the project safe, on schedule, and within budget.

Project Overview

The Second Avenue Subway Phase 2 Project is a major infrastructure undertaking to extend the Q Line service in Manhattan. The project will be delivered through multiple, overlapping design and construction contracts. The Project Management Consultant (PMC) will be a vital part of an integrated Project Management Team (PMT) responsible for administering, managing, and ensuring the successful completion of the project safely, on schedule, and within budget.

Position Overview

This opportunity entails being responsible for leading budget/cost management duties Successful candidate will have specialized cost analysis experience and ability to perform all cost functions. Prepares and maintains client budgets for projects/programs. Manages the vetting and recording of costs for projects. Reviews and analyzes project invoices. Monitors cost history to develop trends and forecast cost at completion. Establishes and tracks contingency funds.

Key Responsibilities

The qualified candidate will be expected to perform, at a minimum, the following duties:

• Review, analyze, and process invoices and payment applications. Operate budget/cost system, including documenting and tracking changes to budget, commitments, and expenditures
• Manage program and project-level budgeting implementation, including tracking of contingency distributions.
• Support client by preparing and managing client budget, costs, forecasts, and contingencies. Support the management of all external costs for a project.
• Support the development of cost breakdown structure and chart of accounts for project.
• Assist in establishing processes and procedures related to project cost management. Enable setup and initial loading of baseline budget into budget management system. Track or oversee tracking of all budget, commitment, and expenditure transactions.
• Identify and track potential cost issues/overruns and investigates anomalies in budgets and actual expenditures.
• Generate cash flow forecasts in alignment with project schedules.
• Track multiple funding source distribution and drawdown. Generate or direct generation of standard and ad hoc reports including budget reports, forecast-at-completion estimates, and other reports as requested.
• Support change order process, including recording estimate-at-completion (EAC) impacts of potential or requested change orders. Track project EAC by recording all potential changes to cost accounts, including change orders, trends, and deviations.
• Performs other duties as assigned.
  
  

Minimum Qualifications And Experience

• Experience in leading budget/cost management for large scale infrastructure or transit construction projects.
• Associate's degree in Construction Management or Accounting and 6 years relevant experience, or
• In lieu of education, 8 years of relevant experience
• Experience working as client's PM/CM agent (e.g., providing program management/construction management services), or as part of design-build contractor (or equivalent design and construction experience)
  
  

Preferred Qualifications

• AACE Certified Cost Professional (CCP) or equivalent.
  
  

Benefits

401(k) and 401(k) Employer Matching

Health Insurance

Dental Insurance

Group Life Insurance, LTD and AD&D

Paid Time Off

Paid Holidays

Professional Development Assistance

PACO Group, Inc. is committed to furthering opportunities for everyone in the national construction market. The firm periodically reaffirms this commitment through an active affirmative action plan. It provides Equal Employment Opportunities (EEO) to all employees without unlawful discrimination regarding race, creed, color, national origin, sex, age, disability, marital status, religion, military status, pregnancy, sexual orientation, or citizenship status. As an equal opportunity employer, we have recruited, hired, promoted, and retained an ethnically and socially diverse professional staff. Our efforts to date have produced a multidisciplinary workforce - a record of diversity that extends to the highest levels of the firm's management.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management and Manufacturing

• Industries

  Business Consulting and Services

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