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Cost Engineer - job 2 of 2

Overview

Are you driven by data and can turn numbers into actionable insights? As a Cost Engineer, you will play a pivotal role in monitoring, analyzing and forecasting the financial outcomes of one or more construction projects within a district.

 

Collaborate with industry experts and committed teams to provide insights and recommendations that enhance financial performance and efficiency.

 

Apply now and transform your career with us.

What you will be doing

  • Perform cost analysis and spend tracking to monitor project costs and revenue and forecast final financial outcomes.
  • Assist in or performs generation of project budget and monthly forecasting within Company supported cost control software.
  • Use 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.
  • Support integration of Company systems to track, monitor and control costs. monitors the job cost report against key performance indicators (KPIs).
  • Assist project close out procedures by validating final revenue prior to final bill submission.
  • Audit accounting systems between Company and Owner systems to ensure accuracy.
  • Support financial audit process on assigned projects.
  • Generate, analyze and submit monthly reporting.

What we are looking for

  • Bachelor’s degree in Engineering, Finance, Accounting or related field required.
  • 8+ years construction cost control or project engineering required.
  • Experience in cost forecasting and construction finance required.
  • Advanced knowledge in construction cost control and project accounting practices.
  • Able to lead and mentor peers while liaise between other Project Controls disciplines.
  • Complete comprehension of monthly project level financial reports with ability to analyze and report on general financial metrics (Over/underbillings, collections etc.).
  • Developing comprehension of monthly division level financial reports (SIE/SPE).
  • Able to manage full risk and opportunity process with ability to manage risk mitigation plans.
  • Mastered forecasting practices and production analysis with ability to connect cost variances to root causes and help identify potential paths of recovery.
  • Knowledge of construction contract agreements and change order processes preferred.
  • Proven written and verbal communication skills.
  • Knowledge of accounting principles, including construction accounting, preferred.
  • Able to identify cost reduction strategies in schedule, quantities or contract specifications that align with project budget and design specification requirements.
  • Ability to conduct in-person and online project controls training to district personnel.

Why work for us

Some of the benefits you may be eligible for as an employee are:

  • Comprehensive compensation package
  • Industry leading 401(k)/RRSP
  • Medical/Extended Health Care, Dental, Vison and/or Provincial Medical
  • Employee Assistance Program

 

We are an EEO/AA/ADA/Veterans employer.

Salary Min

USD $95,000.00/Yr.

Salary Max

USD $115,000.00/Yr.

Average salary estimate

$105000 / YEARLY (est.)
min
max
$95000K
$115000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Cost Engineer, UNAVAILABLE

Are you someone who thrives on analyzing data and turning numbers into actionable insights? If so, we have an exciting opportunity for you at our Raleigh-Durham office as a Cost Engineer. In this pivotal role, you'll be instrumental in monitoring, analyzing, and forecasting the financial outcomes of various construction projects within our district. You'll work closely with a passionate team of industry experts, providing valuable insights and recommendations that drive financial performance and efficiency. Your day-to-day responsibilities will include performing cost analysis, tracking project costs and revenue, and forecasting final outcomes. You'll assist with project budgeting and monthly forecasting in our company-supported cost control software, ensuring accurate documentation and reporting of financial information. Furthermore, you’ll also support the integration of our systems for monitoring costs and manage the close-out procedures by validating final revenue. We’re looking for someone with a Bachelor’s degree in Engineering, Finance, or a related field, along with at least 8 years of experience in construction cost control or project engineering. If you possess a deep understanding of construction cost practices and can mentor others while managing risk mitigation plans, we want to hear from you. Join us and take your career to new heights—apply now to become a valued member of our innovative team!

Frequently Asked Questions (FAQs) for Cost Engineer Role at UNAVAILABLE
What are the key responsibilities of a Cost Engineer at our Raleigh-Durham location?

As a Cost Engineer in our Raleigh-Durham office, you will be responsible for performing cost analysis, tracking project expenditures, and forecasting financial outcomes. You will collaborate with project management teams to ensure timely and accurate reporting of financial information, assist in the generation of project budgets, and support audits to maintain financial integrity.

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What qualifications do you need to become a Cost Engineer with our company?

To qualify for the Cost Engineer position at our Raleigh-Durham office, candidates must possess a Bachelor’s degree in Engineering, Finance, Accounting, or a related field, along with a minimum of 8 years of experience in construction cost control or project engineering, and an advanced understanding of construction accounting practices.

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What skills are essential for a Cost Engineer in our Raleigh-Durham team?

Essential skills for a Cost Engineer at our Raleigh-Durham location include strong analytical abilities in cost forecasting, understanding construction finance, excellent communication skills, and the capacity to lead and mentor peers. A comprehensive understanding of financial metrics and risk management is also crucial.

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How does the Cost Engineer contribute to project success at our company?

The Cost Engineer plays a vital role in ensuring project success by providing accurate financial forecasts, tracking costs effectively, and identifying cost reduction strategies. This expertise enables the project management teams to make informed decisions that enhance financial performance and improve project efficiency.

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What benefits does our company offer to Cost Engineers in Raleigh-Durham?

Cost Engineers at our Raleigh-Durham location enjoy a comprehensive compensation package that includes competitive salaries, an industry-leading 401(k)/RRSP plan, medical and extended health care benefits, dental and vision coverage, and access to an Employee Assistance Program, among others.

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Common Interview Questions for Cost Engineer
Can you explain your experience with cost forecasting in construction projects?

When answering this question, detail specific methodologies you've used for cost forecasting. Discuss how you integrate historical data with current project parameters to create reliable forecasts and ensure budget compliance.

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How do you track project costs effectively in your role as a Cost Engineer?

Describe your approach to tracking costs, mentioning the systems and tools you use. Highlight your ability to analyze variances and your involvement in adjusting forecasts in response to project changes.

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What strategies do you implement for cost control and reducing project expenses?

Share examples of specific strategies you have implemented in past projects to control costs, such as negotiating vendor contracts, optimizing schedules, or adjusting resource allocation based on project requirements.

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How do you handle disputes relating to costs and budgets in construction projects?

Discuss your conflict resolution skills and provide examples of how you’ve successfully navigated disputes while maintaining a professional relationship with stakeholders. Emphasize your ability to analyze data to support your position.

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Can you describe a time when you identified a significant cost-saving opportunity?

Use this question to showcase your analytical skills and ability to impact a project's budget positively. Detail the situation, your analysis process, and the results achieved through your cost-saving recommendations.

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What software tools are you proficient in for cost tracking and project management?

List the specific software tools you have expertise in, such as cost control software, project management systems, and Excel. Be sure to explain how you’ve used these tools to enhance project efficiency and cost management.

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How do you prioritize tasks during busy project phases?

Explain your time management strategies, such as using task lists, prioritizing according to project deadlines, and how you ensure communication with your team to keep everyone informed about priorities and progress.

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What metrics do you consider most important when assessing project financial performance?

Identify the key financial metrics you monitor, such as over/under billings, cash flow, and cost variances. Provide examples of how these metrics inform project decisions and adjustments.

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How do you stay current with trends and regulations in construction finance?

Discuss your commitment to ongoing learning by reading industry publications, attending seminars, and networking with professionals in the field to stay informed about the latest trends, regulations, and best practices.

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Can you provide an example of how you've mentored a peer in project controls?

Reflect on a specific experience where you provided guidance to a colleague, detailing your approach, the challenges faced, and the successful outcomes of your mentoring effort, emphasizing the importance of collaboration in project success.

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DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
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HQ LOCATION
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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
April 11, 2025

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