Turnaround Cost Engineer

Role Description: 

Position performs tasks associated with managing cost engineering activities including the development and implementation of cost control systems, invoice processing activities, monthly cost reporting, trending, FAC [Forecast at Completion] Analysis, cost variance analysis, funding budgets, accruals, cash flows, contingency drawdown, productivity analysis, and value engineering analysis.  

Job Responsibilities: 

• Knowledgeable of standard business cost control procedures and practices 

• Will become familiar with and comply with Client's cost control procedures and practices 

• Review base cost data, budgets, balance sheets, invoices, timesheets, etc. 

• Conduct cost tracking of labor, materials, and other invoices 

• Track headcount  

• Prepare and issue routine reports 

• Identify and communicate accounting and auditing issues to managers 

• Identify performance improvement opportunities 

• Track and maintain cost estimates, man-hour estimates, equipment and material estimates 

• Verify the project has a work breakdown structure [WBS] which aligns with the estimate and reporting such findings to management 

• Develop the methodology necessary for effective cost control for projects  

Qualifications & Skills for Success: 

• Minimum of 3 years of experience in working with business cost data (preferred) 

• Bachelor's degree in accounting or related discipline from an accredited institution (preferred) 

• Understand and utilize standard auditing requirements