Cost Engineer Midrand

Quyn International; Gauteng; On-site; ZAR 30 000 - 60 000; Full time

Job summary

An established industry player is seeking a Lead Cost Engineer to join their dynamic team in Gauteng. This role involves overseeing project cost management, ensuring compliance with contractual requirements, and preparing comprehensive cost reports. The ideal candidate will have a strong background in cost engineering, with advanced skills in MS Excel and MS Access. You will work closely with project teams to instill cost awareness and drive efficiency in project execution. If you're passionate about optimizing project costs and enhancing financial performance, this opportunity is perfect for you.

Qualifications

• 3+ years of industry experience with a focus on cost engineering.
• Advanced proficiency in MS Excel and MS Access is required.

Responsibilities

• Prepare and manage project cost reports and budgets.
• Collaborate with project teams to ensure cost control and compliance.
• Analyze cost deviations and provide corrective recommendations.

Skills

Cost Engineering

Budget Management

Cost Analysis

Project Management

MS Excel

MS Access

Education

National Diploma in Finance

Equivalent Experience

Tools

MS Excel

MS Access

Job description

Job Responsibilities

1. Understand all relevant documentation pertaining to the project including scope of services, conditions of contract, project execution plan, project schedule, etc.
2. Work within standard project cost engineering procedures and ensure compliance with contractual reporting requirements, modifying procedures as necessary.
3. Prepare activity plans to accomplish all work required by the procedures.
4. Liaise with client project control personnel as necessary.
5. Prepare manhour, material quantity, and cost budgets from the cost estimate and update them upon approval of contract changes and budget transfers.
6. Disseminate budget information to all operating groups, providing clarification and additional information as needed, and secure commitment to budgets as the cost target.
7. Instill cost awareness within the project organization to control capital costs and identify scope changes.
8. Gather latest cost analysis information from operating groups, ensuring accuracy and completeness.
9. Attend meetings concerning cost matters.
10. Maintain a comprehensive material and construction quantity control and reporting system, including current budget status, material take-offs, and forecasted quantities.
11. Collaborate with the Project Planning Engineer on project status analysis.
12. Review the impact of cost and schedule changes and analyze deviations and trends against budgets.
13. Investigate deviations with relevant groups and advise on corrective actions to the Project Manager or Project Controls Manager.
14. Establish and maintain all cost recording documentation.
15. Provide comprehensive cost analysis and prepare forecasts of final project costs.
16. Coordinate with Field Cost Engineers, Construction, and Site Managers to review field cost reports for inclusion in the overall project cost report.
17. Review overall project status and forecasts monthly with the Project Manager and Project Controls Manager.
18. Prepare monthly Project Cost Reports with narratives, backup data, summaries, and recommendations for corrective actions.
19. Prepare quarterly Contract Profit Reports (CPR) with backup for review with relevant stakeholders.
20. Audit invoices and payment certificates prior to payment, ensuring reconciliation between project cost reports and accounts billing information.
21. Prepare final project statistics and evaluate procedures and systems for future improvements.
22. As a Lead Cost Engineer, oversee subordinates, allocate work, monitor quality and timeliness, and provide technical guidance.
23. Act as a sponsor to trainees, review their progress, and report periodically to the Manager of Project Controls.
24. Perform additional functions as directed by the Chief Cost Engineer.

Qualifications & Experience

• National Diploma in finance, commerce, accounting, or equivalent, or relevant experience.
• Minimum 3 years industry experience and 5 years in cost engineering.
• Advanced proficiency in MS Excel and MS Access.
• Understanding of the engineering sector.