Cost Engineer/Sr. Cost Engineer

Alyeska Pipeline Service Company; Anchorage (AK); On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

401(k) with 7% company match

Paid parental leave

Educational assistance

Vacation and sick leave

Wellness reimbursement

Job summary

A leading pipeline service provider is seeking a Cost Engineer based in Anchorage, AK. This role involves cost management and economic analysis for capital projects, ensuring projects are delivered within financial parameters. The ideal candidate will have a Bachelor's degree in engineering and at least three years in cost engineering or project controls. Responsibilities include forecasting, variance analysis, and compliance with cost control standards. This position offers a comprehensive benefits package, including medical coverage and a 401(k) plan.

Qualifications

• Three (3) years' experience in Cost engineering, project controls, or project cost management for capital projects.
• Demonstrated experience with cost forecasting, estimating, variance analysis, and economic modeling.

Responsibilities

• Provide cost management, tracking, and forecasting for a portfolio of capital and expense projects.
• Perform month-end cost variance analysis in support of assurance and reporting processes.
• Prepare accruals and cost models to support project decision-making.
• Conduct monthly cost forecast reviews with internal clients.
• Provide governance to ensure compliance with approved cost control standards.

Skills

Strong analytical and quantitative skills

Ability to develop and manage cost models and forecasts

Knowledge of project cost controls and estimating practices

Effective communication and stakeholder engagement skills

Ability to manage multiple priorities in a deadline-driven environment

Education

Bachelor's degree in engineering, Construction Management, or a related discipline

Job description

SCHEDULE:

This is an Anchorage based position on an urban schedule with a 40-hour week or 9/80 work schedule.

BAND:

L/M

BENEFITS:

Medical, dental, and vision coverage starting day one; FSA; eligible to participate in 401(k) on day one, with 7% company match after one year; pension eligibility starting day one, with 1-year vesting; annual bonus potential; wellness reimbursement; EAP; paid parental leave; educational assistance; vacation and sick leave.

JOB SUMMARY:

The Cost Engineer provides cost management, tracking, forecasting, and economic analysis for a portfolio of capital and expense projects. This role supports project execution and development by delivering accurate cost forecasts, variance analysis, and guidance on cost control standards. The Cost Engineer partners with internal clients to ensure project costs are planned, measured, forecasted, and reported in alignment with approved processes and Authorization for Expenditure (AFE) requirements.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Provide cost management, tracking, and forecasting for a portfolio of capital and expense projects.
• Perform month-end cost variance analysis in support of assurance and reporting processes.
• Prepare accruals, forecast updates, and cost and economic models to support project decision-making.
• Provide client support and guidance on cost planning, tracking, measurement, forecasting, and reporting throughout project execution and development.
• Conduct monthly cost forecast reviews with internal clients to support regular reporting requirements.
• Provide governance and oversight to ensure compliance with approved cost control standards, including management of AFE components such as external engineering services, procurement of materials and equipment, contract services, internal costs, and contingency.
• Identify and define cost assumptions, schedule or budget constraints, and work directly with clients and stakeholders to resolve issues.
• Participate in annual business planning efforts and development of long-range plans.
• Develop and maintain cost element structures to ensure all scope items are clearly defined and costed.
• Collect, monitor, and analyze cost data; manage risks; identify contingency requirements; and support change control and communication processes.
• Manage capital and expense project cost engineering and change management activities for the assigned portfolio.
• Ensure alignment of cost estimates and forecasts with project execution and contracting strategies.
• Apply standardized, robust cost engineering work processes to support effective control of overall portfolio performance.
• Plan, control, and measure project performance, including development of Work Breakdown Structures (WBS), verification of estimates, support of scheduling activities, and performance analysis.
• Serve as requester and reviewer of incurred costs for services, ensuring costs align with planned spend and timely receipt of services.
• Prepare and validate monthly Work in Progress (WIP) forecasts in support of the month-end accounting process.

MINIUMUM QUALIFICATIONS:

Applicant must meet or exceed these minimum job requirements to apply for this position.

• Bachelor's degree in engineering, Construction Management, or a related discipline
• Three (3) years' experience in Cost engineering, project controls, or project cost management for capital projects
• Demonstrated experience with cost forecasting, estimating, variance analysis, and economic modeling

PREFERENCES:

• Experience supporting large, multi-disciplinary capital project portfolios
• Experience with AFE development, cost control standards, and change management processes

KNOWLEDGE, SKILLS, & ABILITIES:

• Strong analytical and quantitative skills
• Ability to develop and manage cost models and forecasts
• Knowledge of project cost controls, estimating practices, and work breakdown structures
• Effective communication and stakeholder engagement skills
• Ability to manage multiple priorities in a deadline-driven environment

ALYESKA MINDSETS:

• Believe In Zero: We believe zero is far from nothing. Zero accidents and spills make this a safer place to work. Zero regulatory infractions and operational upsets help things run smoother. On TAPS, zero is something of worth.
• Be Accountable: We all take ownership in the success of Alyeska. We ask, "What else can l do?" to move forward. We keep our commitments and expect the same from others, with respect and without excuses. After all, we know our future depends on it
• Speak And Work As A Team: We never go it alone and only win together. We know that everyone is important; no one is more important than another. We build each other up and form stronger bonds with every interaction. We tear down silos. "They" is not in our vocabulary because "we" are TAPS.
• Get Better Every Day: We're for better. It helps us evolve the way we work to deliver stronger results. It builds trust with our customers and co-workers. By learning, growing, and challenging the norm, we'll leave TAPS better for everyone.
• Speak Up, Step Up: Here we feel free to use our voice. We speak up about opportunities and ideas and when we see any safety risks or concerns. And we step up to assess problems and implement solutions. Being proactive is a way of life at Alyeska.
• Act With Discipline: We know there’s no easy path to excellence. It takes high standards that we fully commit to for ourselves and our contractors. It's hard work, requiring rigor and precision, but practice delivers outstanding results.
• Spend Wisely: We treat the company as if it were our own. That's why we track and optimize our resources. We balance people, time, materials, and budget to ensure we’re being smart with money and eliminating waste.
• Take Action: You won't find us standing on the sidelines waiting for the perfect solution. We know when progress is more important than perfection. We’re agile, quick, and make well-informed decisions. It's what lets us move further, faster.

PRE-EMPLOYMENT DRUG SCREEN TESTING:

Employment with Alyeska is contingent upon successfully passing a background investigation and, in some cases, a Physical Fitness Test and Medical Exam specific to the role for which you are applying. Alyeska also requires pre-employment urinalysis drug testing for all positions. A positive drug test makes you ineligible for employment with Alyeska and on TAPS.

Please note, Alyeska does not seek or accept any genetic information as part of the drug testing procedure or any other process that could directly or inadvertently provide genetic information (family medical history).

EMPLOYMENT VERIFICATION USING E-VERIFY:

Federal Law requires all employers to verify identity and employment eligibility of all persons hired to work in the United States. Alyeska Pipeline Service Company participates in E-Verify. E-Verify is an Internet-based system that compares information from an employee's Form I-9, Employment Eligibility Verification, to data from U.S Department of Homeland Security and Social Security Administration records to confirm employment eligibility. http://www.dhs.gov/e-verify.

TWIC:

The Alyeska Valdez Marine Terminal (VMT) is a regulated facility, and the employee hired to work on the VMT or to provide emergency support or other approved work for the VMT will be required to have a Transportation Worker Identification Credential (TWIC). For more information about this Federal credential access the Web site listed below. The successful candidate for this job will be notified if a TWIC will be required and will then be responsible for enrolling and obtaining a TWIC prior to their hire date. http://www.tsa.gov

ALYESKA PIPELINE SERVICE COMPANY IS AN EQUAL OPPORTUNITY EMPLOYER THAT VALUES WORKPLACE DIVERSITY.

Alyeska Pipeline is a drug-free and alcohol-free workplace.