Principal Cost Control Specialist
3 weeks ago
Bantrel Co. is on the lookout for a qualified Senior Project Cost Engineer / Specialist to enhance our team. This pivotal role is essential in ensuring that projects are executed efficiently and economically. The Project Cost Specialist will play a critical part in delivering value-added analysis, controls, and reporting, which are vital for managing project expenditures effectively.
Key Responsibilities:
- Assist in the development of conceptual designs, studies, reports, and proposals.
- Support the establishment and implementation of cost recording and reporting requirements. Conduct performance monitoring and control functions in accordance with established procedures.
- Maintain budgetary controls and accurate financial forecasts, utilizing a change management system while monitoring project status. Conduct ongoing cost data and cash flow analyses.
- Support the specific project code of accounts and recommend necessary modifications and revisions. Maintain reports on field quantity unit rates and monitor performance metrics.
- Oversee the progress of field contractors.
- Assist in preparing cost data for proposals and contract negotiations.
- Facilitate the re-casting of project estimates into manageable cost control budgets tailored to project needs.
- Coordinate the project cost change management system (trending).
- Prepare quantity takeoffs for specific disciplines or specialties using defined documents or assumptions.
- Maintain the project job hour control system.
- Assist with project financial reporting in accordance with company and client requirements.
- Coordinate and prepare information for specific cost studies. Evaluate study outcomes and provide recommendations for project team discussions.
- Identify and define data sources and techniques for data acquisition, collecting necessary data for specific disciplines or specialty applications.
- Coordinate the performance of pricing structure development and application to takeoffs, derived quantities, and cost allowances within a discipline or specialty.
- Assist the estimating team in defining scope requirements for specific disciplines, collaborating with Engineering and other sources to gather necessary data for overall estimate preparation.
- Prepare cost reconciliations during estimate preparation, performing data analysis, identifying issues, and making recommendations.
Qualifications:
- A degree in Engineering or Business, or a relevant qualification in Planning/Scheduling, Project Controls, or Project Management.
- Several years of experience in a Project Controls-related field with increasing responsibilities.
- Experience in quantity takeoffs, statistical analysis, and a strong understanding of technical processes, engineering drawings, and financial reports.
- Familiarity with engineering, procurement, contracts, construction, and startup work processes.
- Understanding of Project Codes of Accounts (COA).
- Knowledge of cost/financial reporting systems and analysis, including forecasting and change management.
- Proficient in project controls software such as EcoSys, Primavera P6, SAP, and Oracle.
- Experience in capital cost estimating and services estimating.
- Familiarity with cash flow development and assessment.
- Understanding of cost control interfaces with project planning and scheduling.
- Excellent oral and written communication skills.
- A collaborative team player.
Additional Information:
At Bantrel, our culture is shaped by our Mission and Values, guiding how we interact with each other and our clients, and how we strive for excellence. We are committed to community involvement, employee volunteerism, and corporate philanthropy.
We provide a competitive compensation package, a stimulating learning environment, and opportunities for career advancement.
As part of our recruitment process, successful candidates will undergo applicable pre-employment checks. Please note that only candidates selected for interviews will be contacted; all other resumes will be retained for future consideration.
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