COST ENGINEER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS
Published: August 23, 2024 - The Cost Engineer possesses extensive experience in developing decision-support analyses and evaluating data solutions, enhancing capability planning and risk management integration. Skilled in statistical regression, Monte Carlo simulation, and manufacturing processes, which support robust supply chain and logistics management. Demonstrates outstanding collaboration, teamwork, and communication skills, complemented by DAWIA Level II FM or ICEAA/CCEA certification and proficiency in Microsoft Office products.
Essential Hard and Soft Skills for a Standout Cost Engineer Resume
- Decision-Support Analysis
- Data Analysis
- Statistical Regression
- Monte Carlo Simulation
- Manufacturing Process Flow Analysis
- Supply Chain Management
- Risk Management
- Financial Modeling
- Cost Estimation
- Microsoft Office Proficiency
- Collaboration
- Teamwork
- Communication Skills
- Problem Solving
- Adaptability
- Attention to Detail
- Strategic Planning
- Negotiation
- Leadership
- Decision Making
Summary of Cost Engineer Knowledge and Qualifications on Resume
1. BS in Civil Engineering with 5 years of Experience
- Sound knowledge of all cost and commercial aspects of infrastructure, construction and, preferably, Nuclear projects and programmes
- Experience in conceptual cost planning, financial accounting, expenditure profiling, cost reporting and forecasting costs at gates and completion
- Ability effectively monitor and analyse cost, identify trends and recommend corrective actions
- Experienced user of MS Office and advanced MS Excel user.
- Experience using Prism cost databases is advantageous
- Excellent report writing and compilation of data metrics skills
- Experience using Office365
- Previous experience of company management accounting reporting procedures
- Knowledge of civil engineering, construction and/or manufacturing sector(s)
- Demonstrable people management skills
- Must be able to communicate financial information and liaise with multiple stakeholders
2. BS in Mechanical Engineering with 4 years of Experienc
- Demonstrable track record of delivery with experience in major projects cost engineering processes
- Proven track-record of managing cost for projects, including communication of cost information to senior management
- Ability and proven skills to engage and work within a multifunctional discipline team to establish high levels of cooperation and credibility for the cost function when working with the project team.
- Some experience in planning, demonstrating a sound understanding of the relationship between cost control and planning / scheduling as a key component of the performance management framework and project control.
- Experience in EV related industries
- Influencing and communication skills in English language and excellent inter-personal skills
- Ability to produce good quality written reports and summary presentations
- Able to communicate clarity from complexity.
- Ability to work under my own initiative.
- Competent with computers and IT including experience in using standard productivity software (e.g. MS Outlook, MS Word, MS Excel and MS Powerpoint, PowerBI)
- Ability to work in and around cost tools (e.g. SAP) to pull relevant cost information
3. BA in Industrial Engineering with 5 years of Experience
- Experience developing decision-support-analysis for emerging capabilities
- Experience developing and evaluating data solutions
- Able to translate and integrate program risk management concerns into analysis and resulting recommendations
- Experience with statistical regression analysis and probabilities
- Experience with discrete event simulation, including Monte Carlo simulation
- Experience with manufacturing process flow
- Experience with supply chain management and logistics
- Must be in possession of excellent collaboration skills
- Must be in possession of excellent teamwork skills
- Possession of excellent oral and written communication skills
- Experience with BA/BS + DAWIA Level II FM or ICEAA/CCEA certification
- Proficiency with Microsoft Office products
4. BS in Construction Management with 3 years of Experience
- Experience in Oil & Gas, Petrochemical, Pharmaceutical, Chemical or similar facilities, experience of FEED, EPC Projects is preferable
- Should be able to interpret contracts with regards to scope, commerical liability and opportunity
- Have the ability to understand and manage financial risks
- Must have good IT skills
- Must have good command of English language both oral and written
- Previous Project experience
- Expert use of MS Excel; intermediate proficiency with Word, PowerPoint.
- Technically strong in project cost planning, scheduling and reporting.
- Knowledge and use of the Earned Value Management technique are highly advantageous.
- Strong analytical, quantitative and problem-solving skills.
- Familiar with contract administration and preparation of tender documents.
5. BS in Finance with 5 years of Experience
- Ability to work independently under minimal supervision.
- Advanced written/spoken English (Spanish and/or Italian).
- Effective verbal and written communication with internal and external stakeholders.
- Seasoned interpersonal skills with the ability to engage and cooperate effectively with multidisciplinary and multinational project teams’ members.
- Mature, proactive, resourceful and hands-on with good initiative.
- Experience working in a multicultural environment
- Experience in cost estimating and cost controlling.
- Previous experience in power plants and/or large infrastructural projects strongly desirable (experience in renewable energy projects a plus).
- Project Cost Management, Planning and Risk Management as per the PMI Project Management Body of Knowledge (PMBOK).
- Knowledge of Accounting Process (SAP module PS, SAP module MM).
- Knowledge of MS Project, Primavera Scheduling, STR Vision
6. BA in Operations Management with 4 years of Experience
- Experience with Automotive Infotainment Systems, including components such as Head Units, Displays, Instrument Clusters, Head-up-displays, USB hubs, Wireless Chargers etc.
- Familiar with full product development lifecycles in an OEM.
- Experience in part manufacturing process and part BoMs and the assessment of those processes and parts in terms of VFM.
- Previous experience of cost down and value for money delivery into industry.
- Strong knowledge of automotive hardware mechanical, electrical, tooling design and development.
- Ability to write technical documentation / benchmarking report and make engineering decisions.
- Strong Project Management experience, from delivery schedules, issues tracking, negotiation capability, identifying and managing risks and resolving issues.
- Strong technical project management with proven evidence of decision making and accountability is essential.
- Good commercial awareness to maintain a focus on cost, profit, quality and risk.
- A strong track record of delivering designs to time, weight and cost targets.
- Documentation of technical specifications, timing plans, minutes and actions of meetings.
7. BS in Statistics with 3 years of Experience
- Strong understanding of accounting and financial principles (journal entries, reconciliations, variance analysis, budget to actuals)
- Equivalent professional work experience in a product costing environment
- Understanding of product costing activity and analysis
- Understanding of how to troubleshoot cost issues
- Microsoft Excel experience
- Experience in a role managing multiple tasks with hard deadlines
- Experience creating a budget
- Accounting reconciliation experience
- Experience of the systems development lifecycle (V Model).
- Excellent organizational, communication and planning skills.
- Ability to produce formal documentation to a professional standard.
- Project planning/estimation and resource management skills - JIRA/ MS Project