Project Controls Cost Engineer (Cost Engineer I)

$80,000 - $105,000/Yr

Element Consulting - Los Angeles, CA

Full-time - Entry Level

Los Angeles, CA

Professional, Scientific, and Technical Services

About the position

The Cost Engineer I position at Element Consulting involves developing and maintaining cost data for various construction and renovation projects, particularly within the Terminal Development & Improvement Program at Los Angeles World Airports. The role requires a strong background in cost engineering, particularly for large-scale, complex projects, and involves preparing detailed cost reports, analyzing expenditures, and ensuring budget adherence.

Responsibilities

• Monitor project budgets for the multi-billion-dollar Capital Improvement Program at Los Angeles World Airports.
• Review and analyze sub-contractor invoices, ensuring expenditures are accurately incurred against appropriate Schedule of Values accounts.
• Prepare job costing reports to allocate expenditures against the appropriate WBS numbers.
• Perform cost-to-complete analysis for all cost elements within a project considering staffing plans, contract commitments, and expenditures to date.
• Attend project meetings to provide Project Management with current financial information and trend log regarding potential impacts to project budget or forecast.
• Provide progress reporting documents and briefing materials as required, developing creative reporting tools to communicate complex project sequencing and/or progress assessments.
• Review task orders for contractors, sub-consultants, and City of Los Angeles Interdepartmental Orders to ensure necessary budget and/or contract capacity exists.
• Analyze bid award values against current budget and prepare reconciliations to include in the current forecast at completion.
• Analyze change order values against current contingency budget and prepare reconciliations to include in the current forecast at completion.
• Analyze task order values against current allowance budget and prepare reconciliations to include in the current forecast at completion.
• Update contract commitments, reconcile and analyze actual expenditures, perform budget transfers, monitor trend status and maintain continuity of WBS structure using Prolog.
• Perform project closeout resourcefully to ensure Prolog Data is complete for LAWA's reporting needs.
• Prepare data to support documentation required for journal vouchers for budget transfers.

Requirements

• 3 years or more of cost engineering experience directly related to construction projects, preferably aviation projects.
• Demonstrated experience managing and reporting the cost components of large-scale, complex projects.
• Ability to understand technical and complicated construction programs and communicate progress to both technical- and management-level personnel.
• Proven accuracy, reliability, and completeness in job accomplishment.
• Bachelor's degree in Engineering, Construction Management, or other related technical field required.

Nice-to-haves

• Experience with Design-Build and Construction Management at Risk delivery methods is desirable.
• Certifications such as PMP, PE, or relevant Professional Licensure or Certification. Preferred cost engineer certification i.e. CCE, CCP.

Benefits

• Salary range: $80K-$105K based on education and experience.
• Full-time position with a Monday-Friday schedule in the office or on the project site at LAX.
• Transportation to/from LAX worksite is the responsibility of the consultant.