The Cost Specialist will report to the lead cost engineer and will be responsible for developing and maintaining the cost management baseline and systems for the assigned area/discipline. The individual will be responsible for budget establishment and maintenance in cost, submission of deliverables as required for monthly reporting requirements, cash flows, change management, cost forecasts.

Responsibilities

• Liaise with appropriate internal / external stakeholders to develop and establish an approved project cost control and reporting methodology in compliance with established project policies and procedures;
• Provide oversight to ensure compliance with established procedures and cost reporting requirements
• Responsible for understanding the complete scope of work and the project estimate
• Analyze variances in cost performance against the plan, and communicates the reasons for the issuance of variance and proposed mitigation plans to Project Management and other relevant stakeholders
• Liaise with project stakeholders to clarify any cost-related issues
• Recommend solutions or recovery plans to schedule/cost impact or delays
• Prepare reports for the project as required
• Implement cost control functions including controlling authorizations of expenditure and cash flow projections
• Coordinate check-estimates, as required, with the Project Estimator
• Other related duties as assigned

Basic Job Requirements

• Accredited four (4) year degree or global equivalent in applicable field of study and four (4) years of work-related experience or a combination of education and directly related experience equal to eight (8) years if non-degreed; some locations may have additional or different qualifications in order to comply with local requirements
• Ability to communicate effectively with audiences that include but are not limited to management, coworkers, clients, vendors, contractors, and visitors
• Job related technical knowledge necessary to complete the job
• Ability to learn and apply knowledge of applicable local, state/province, and federal/national statutes and guidelines
• Ability to attend to detail and work in a time-conscious and time-effective manner

Other Job Requirements

• Prior experience as a Cost specialist for a medium to large sized project
• Technical skills in Cost & Schedule Management, Earned Value & Change Management
• Effective and objective decision-making capabilities by gathering information
• Solid analytical and problem-solving skills
• Accuracy and attention to detail are important
• Ability to meet deadlines and manage priorities is important
• Effective written and verbal communication skills
• Ability to communicate ideas and concepts.
• Commitment to customer service and ability to work in a team-oriented environment
• Ability to maintain confidential information is critical

Preferred Qualifications

• Degree in engineering or a recognized business program