Published: August 23, 2024 - The Cost Control Engineer collaborates with study managers to monitor and report on project costs, including earned value, across multidisciplinary studies of various sizes and complexities. Oversees project administrators to ensure timely and accurate invoicing while supporting the allocation and monitoring of key resources throughout different project phases. Proactively networks with mining clients, building industry relationships and identifying future opportunities, ensuring compliance with quality standards and client expectations in reporting and cost control.
Tips for Cost Control Engineer Skills and Responsibilities on a Resume
1. Cost Control Engineer, Summit Engineering Solutions, Houston, TX
Job Summary:
- Prepare budget in consultation with respective PM/ PMT team and Commercial for GMT approval before project commences .
- Prepare and consolidate all projects’ monthly cost report, budget forecast and updating, prepare project cash flow, forecasting and updating.
- Report project/monthly P&L and forecast, highlight any major cost deviations to GM,PMO.
- Highlight progress claims as per Contract requirements.
- Manage status of Change order, cost estimate and proposal including cost monitoring.
- Liaise with other departments for reconciliation of costs such as subcontractor, procurement and manhours cost etc.
- Handle any other matters related to project cost
- Updating of procurement and contract plans.
- Projecting pre-planning efforts: work with Superintendents and Well Engineers to develop logistical plans relate to contracting and invoicing.
- Cost Breakdown Structure updating according to existing cost estimates.
- Verifying work progress status updating cost documentation and allocating costs to the right cost elements
Skills on Resume:
- Budget Preparation (Hard Skills)
- Cost Reporting (Hard Skills)
- Financial Forecasting (Hard Skills)
- Contract Management (Hard Skills)
- Cost Reconciliation (Hard Skills)
- Change Management (Hard Skills)
- Cross-Departmental Collaboration (Soft Skills)
- Analytical Thinking (Soft Skills)
2. Senior Cost Control Engineer, Orion Project Services, Orlando, FL
Job Summary:
- Developing generic projects cost structure and cost account codes directory understand work breakdown structures for various project types.
- Assisting in development of the controls budget and preparing forecasts to ensure budget requirements are within project expectations and approved funding levels
- Keep management aware of potential budget deviations as early as possible.
- Communicating cost control function’s guidelines and process to the employees and ensuring the clear understanding of these guidelines to achieve the cost control strategic goals.
- Generating monthly cost reports in Excel or other tools, including but not limited to ‘Earned Value Report’, ‘Planned Spent versus Actual Spent’ etc.
- Comparing budget amounts to actual expenses (Variance Analysis) in order to help senior management adjust project costs while work is still in progress.
- Conducting cost forecasts for projects with respect to project budget and to develop/update cost to completion estimates.
- Prepare evaluations/ cost projections of the assignment to meet requirements in progress.
- Preparing monthly budget updates and payments certificates and support Finance Dept.
- Follow-up on client payments, Controlling payments for suppliers and subcontractors and verify supplied materials and delivered work on site in coordination with the Project Q Surveyor
- Evaluating subcontractor’s quantities and issuing certificate of work-done.
Skills on Resume:
- Cost Structure Development (Hard Skills)
- Budget Management (Hard Skills)
- Forecasting (Hard Skills)
- Variance Analysis (Hard Skills)
- Cost Reporting (Hard Skills)
- Communication of Financial Guidelines (Soft Skills)
- Stakeholder Management (Soft Skills)
- Detail Orientation (Soft Skills)
3. Senior Cost Control Engineer, Quantum Technical, Denver, CO
Job Summary:
- Develops monthly cost reports
- Coordinates with regional project controls staff for required project-level reporting
- Performs weekly QA/QC of the project cost data tables and communicates corrections to the data analyst
- Assists the Program Cost Lead with loading the cost budget into EcoSys to capture cost reports
- Prepares Program Controls functional unit Cost Budget
- Monitors and reports monthly on hours and cost for Budget, Forecast, and Actual
- Develops monthly accruals and burn rates for Program Director’s approval
- Communicates with project managers to acquire cost data from each project
- Provides monthly burn rates and reversal for monthly accruals
- Verifies changes are properly reflected in the cost forecast and assesses impact on contingency, escalation, and cash flow
- Prepare contract briefs and revisions summarizing contractual requirements and budgets
- Making recommendations of subcontractor’s valuations & handling all contractual matters/issues with subcontractors as per project needs.
- Assists Program Cost Lead with cost forecasts and funding that conforms to the Cost Management Plan
Skills on Resume:
- Cost Reporting (Hard Skills)
- Project Coordination (Hard Skills)
- Quality Assurance (Hard Skills)
- Budget Management (Hard Skills)
- Financial Forecasting (Hard Skills)
- Contract Administration (Hard Skills)
- Communication Skills (Soft Skills)
- Problem Solving (Soft Skills)
4. Cost Control Engineer, Apex Systems, Phoenix, AZ
Job Summary:
- Preparing detailed procedures for daily cost control
- Processing invoices into and out of the department, matching call-offs and delivery / service tickets with invoices, coding invoices, entering invoices into SAP procurement and accounting program.
- Participating in Bid Opening Procedures and maintaining contract’s files.
- Preparing Well Operations Department’s part of monthly activity report.
- Implementing Eni SpA Cost Coding System in the Well Operation Reporting, WELLVIEW.
- Coordinating cost estimating, budgeting, AFE and cost control during the operations, including verifications of contractor cost estimates and cost reports.
- Verifying cost performance against plan and identify areas of potential budget/AFE overruns requiring corrective action.
- Reviewing daily cost reports.
- Communicate with the rigs on changes that need to be made to the reports.
- Monitoring expenditures against contract values and internal costs.
- Providing services including assistance during contract preparation, bid evaluation, contract administration and verification of contractual payments.
Skills on Resume:
- Cost Control Procedures (Hard Skills)
- Invoice Processing (Hard Skills)
- SAP Proficiency (Hard Skills)
- Cost Estimating and Budgeting (Hard Skills)
- Financial Monitoring (Hard Skills)
- Contract Management (Hard Skills)
- Communication Skills (Soft Skills)
- Analytical Skills (Soft Skills)
5. Cost Control Engineer, River Tech, Portland, OR
Job Summary:
- Responsible to establish the first project budget/forecast based on handover bid from Estimating/Proposal Department
- Responsible for the updates of changes to the forecast based on inputs from project management and other project team members as applicable
- Prepare and maintain various documents and reports such as sourcing list for financed projects, change orders and registers, procurement hardware budgets
- Preparation of monthly invoices to Client and follow up works (including reimbursable items)
- Approve standard commitment control and vendor/subcontractors invoice
- Preparation of project specific analysis, and close-out information with a view towards improving feedback data and estimation tools on future contracts / proposals
- Develop and maintain departmental tools, procedures and historical databases on a continuous basis
- Preparing necessary reports according to high managent’s needs
- Preparing progress payment documents and monitoring progress payment situation
- Checking and monitoring subcontractor progress payments.
- Preparing SAP call, service entries, following up and reporting of invoices approval process.
Skills on Resume:
- Budget Forecasting (Hard Skills)
- Document Management (Hard Skills)
- Invoice Processing (Hard Skills)
- Financial Analysis (Hard Skills)
- Database Management (Hard Skills)
- Communication Skills (Soft Skills)
- Problem Solving (Soft Skills)
- Attention to Detail (Soft Skills)
6. Cost Control Engineer, Sterling Engineering, Charlotte, NC
Job Summary:
- Performs cost analysis and spend tracking to monitor project costs and revenue and forecast final financial outcomes.
- Assists in or performs generation of project budget and monthly forecasting within Company supported cost control software.
- Uses Company determined process and practices to document, track and report cost on assigned projects.
- Works with project management team and project controls team to ensure accurate and timely reporting of financial information.
- Supports integration of Company systems to track, monitor and control costs. monitors the job cost report against key performance indicators (KPIs).
- Assists project close out procedures by validating final revenue prior to final bill submission.
- Perform additional assignments per management’s direction.
- Audits accounting systems between Company and Owner systems to ensure accuracy.
- Supports financial audit process on assigned projects.
- Generates, analyzes and submits monthly reporting.
- Maintains knowledge of Company’s values and strategic plan.
Skills on Resume:
- Cost Analysis (Hard Skills)
- Financial Forecasting (Hard Skills)
- Budget Management (Hard Skills)
- Financial Reporting (Hard Skills)
- System Auditing (Hard Skills)
- Project Collaboration (Soft Skills)
- Detail Orientation (Soft Skills)
- Adaptability (Soft Skills)
7. Cost Control Engineer, Griffin Construction Consultants, Atlanta, GA
Job Summary:
- Prepare and manage study budgets to support multiple large multidisciplinary delivery of mine closure and other geo-environmental studies
- Work with study managers to review and report on progress costs, including earned value, for multidisciplinary studies of varying complexity and size.
- Oversee nominated project administrators to ensure timely and accurate invoicing
- Support the monitoring and allocation of key resources across studies and projects through the establishment and maintenance of a portfolio of projects in each phase of pursuit and execution such as identification, proposal, execution and close out
- Review reports and other outputs and provide technical input into a diverse range of projects and ensure that work produced complies with quality system and client requirements.
- Support the preparation and costing of high-quality proposals.
- Work proactively with mining clients to build effective networks and industry relationships.
- Network with existing and potential clients to identify upcoming opportunities.
- Governing cost breakdown structure
- Communication with client regarding cost control reporting
Skills on Resume:
- Budget Management (Hard Skills)
- Cost Analysis (Hard Skills)
- Earned Value Management (Hard Skills)
- Project Administration (Hard Skills)
- Technical Reporting (Hard Skills)
- Client Relationship Management (Soft Skills)
- Strategic Networking (Soft Skills)
- Communication Skills (Soft Skills)
8. Cost Control Engineer, Northern Industrial, Minneapolis, MN
Job Summary:
- Manage the costs and budget of the project from outset to completion.
- Ensure the costs of the project do not exceed the budget.
- Co-ordinate and assist in the preparation of the budget for Capital, Contracted services and other fixed costs.
- Possess material surveys/estimation experience and knowledge.
- Assist in raising Work Breakdown Structure (WBS) against appropriate Capital Budget.
- Monitor commitments such as Purchase Requisitions & Street Buying Requests and actual costs of WBS’s and advise Project Manager of project progress on Capital Expenditure.
- Monitor Project fixed cost trends, analyze variances from budget and inform Project Manager on weekly/ monthly basis.
- Report on the status of Project budget Capital & Contracted Services and Other Fixed Cost on monthly basis
- Advise Project personnel on basic cost control techniques, accounting practices and whenever change takes place in policies of spending.
- Provide advice and assist on financial problems or queries and training
- Identify system problems and advise Project Manager on same to take corrective measures and coordinate with Finance and Accounting department for corrective action.
Skills on Resume:
- Budget Management (Hard Skills)
- Cost Monitoring (Hard Skills)
- Financial Reporting (Hard Skills)
- Work Breakdown Structure Development (Hard Skills)
- Material Estimation (Hard Skills)
- Financial Analysis (Hard Skills)
- Advisory Skills (Soft Skills)
- Problem Resolution (Soft Skills)
9. Cost Control Engineer, Spectrum Engineering, Las Vegas, NV
Job Summary:
- Prepare budget in consultation with respective PM/ PMT team and Commercial for GMT approval
- before project commences
- Prepare and consolidate all projects' monthly cost report, budget forecast and updating, prepare project cash flow, forecasting and updating
- Report project/monthly P&Land forecast, highlight any major cost deviations to GM,PMO.
- Highlight progress claims as per Contract requirements.
- Manage status of Change order, cost estimate and proposal including cost monitoring
- Liaise with other departments for reconciliation of costs such as subcontractor, procurement and manhours cost etc.
- Handle any other matters related to project cost.
- Perform Ad-Hoc investigation as instructed and assist during audits
- Prepare and disseminate cost reports and associated data.
- Help maintain and improve the capabilities of the regional team to ensure that can support the business needs across the broad portfolio of offerings.
Skills on Resume:
- Budget Preparation (Hard Skills)
- Cost Reporting (Hard Skills)
- Financial Forecasting (Hard Skills)
- Change Management (Hard Skills)
- Data Reconciliation (Hard Skills)
- Stakeholder Communication (Soft Skills)
- Problem Solving (Soft Skills)
- Team Collaboration (Soft Skills)