Cost Control Engineer - EPIC PIPING LLC
Posted on :
02-10-2024
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1 Vacancy
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Job Description
About Us: EPIC piping is a premier provider of pipe spool fabrication services serving industries such as oil and gas petrochemical and power generation. We pride ourselves on delivering highquality products on time and within budget. We are looking for a detailoriented and experienced Cost Control Engineer to join our team and manage cost control for our projects.
Job Summary: The Cost Control Engineer will be responsible for managing and overseeing the financial aspects of pipe spool fabrication projects. This includes budgeting cost estimating financial reporting and cost forecasting to ensure that projects remain within budget and financial objectives are met.
Key Responsibilities:
- Cost Estimation and Budgeting:
- Develop accurate cost estimates for pipe spool fabrication projects based on project specifications and scope.
- Prepare detailed budgets including labor materials and overhead costs.
- Review and update budgets as necessary based on changes in project scope or cost factors.
- Cost Monitoring and Control:
- Track and yze project expenditures to ensure adherence to budgets.
- Implement cost control measures and recommend adjustments to optimize financial performance.
- Identify and investigate cost variances and provide corrective actions to address discrepancies.
- Financial Reporting:
- Prepare and present regular financial reports including cost summaries forecasts and variance yses.
- Provide financial insights and recommendations to project managers and senior management.
- Ensure timely and accurate submission of financial data and reports.
- Change Management:
- Evaluate the financial impact of change orders and scope adjustments.
- Work with project managers to ess the cost implications of design changes and project modifications.
- Update cost estimates and budgets to reflect approved changes.
- Cost Forecasting and ysis:
- Develop and maintain cost forecasts and financial projections for ongoing and upcoming projects.
- yze project cost trends and provide recommendations for costsaving measures.
- Conduct postproject financial reviews to evaluate budget performance and identify lessons learned.
- Procurement and Contract Management:
- Collaborate with procurement teams to evaluate and negotiate contracts with suppliers and subcontractors.
- Monitor and manage subcontractor and supplier costs to ensure compliance with contract terms.
- Review and approve costrelated doents including invoices and payment applications.
- Compliance and Doentation:
- Ensure compliance with company policies industry standards and regulatory requirements related to cost control.
- Maintain accurate and organized cost control doentation and records.
Qualifications:
- Bachelors degree in Mechanical Engineering with Strong Experience in Cost Control.
- 10 years of experience in cost control financial management or a similar role within the pipe spool fabrication or construction industry.
- Strong understanding of cost control principles budgeting and financial ysis.
- Proficiency in cost control software and tools. Microsoft Excel proficiency is a must (e.g. MS Excel SAP Primavera).
- Excellent ytical and problemsolving ss.
- Strong attention to detail and accuracy.
- Effective communication and interpersonal ss.
- Ability to work independently and manage multiple tasks in a fastpaced environment.
- Professional certifications related to cost control (e.g. Certified Cost Engineer (CCE)) are a plus.
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Employment Type
Full Time
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