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Project Controls - Sr. Cost Engineer (Cost Engineer III)
Element Consulting - Los Angeles, CA
posted 2 months ago
About the position
The Sr. Cost Engineer at Element Consulting is responsible for developing and maintaining cost data for various construction and renovation projects under the Terminal Development & Improvement Program. This role involves managing cost components of large-scale projects, preparing detailed cost reports, and ensuring accurate budget tracking and reporting. The successful candidate will work closely with project management to provide financial insights and support project closeout processes.
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.
- Review task orders for contractors and ensure necessary budget and/or contract capacity exists.
- Analyze bid award values against current budget and prepare reconciliations for the current forecast at completion.
- Analyze change order values against current contingency budget and prepare reconciliations for 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.
- Coordinate with LAWA Governance Body to ensure changes to budgets are approved via the Reconciliate Process or Capital Improvement Program Change process.
- Perform Project closeout resourcefully to ensure Prolog Data is complete for LAWA's reporting needs.
Requirements
- 10 years or more of cost engineering experience directly related to construction projects, preferably aviation projects.
- Experience managing a team of cost engineers.
- 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 or Master's degree in Engineering, Construction Management, or other related technical field required.
- Certifications required, may include PMP, PE, and/or any other relevant Professional Licensure or Certification. Required cost engineer certification i.e. CCE, CCP.
Nice-to-haves
- Experience with Design-Build and Construction Management at Risk delivery methods is desirable.
- Demonstrated ability to develop and manage a progress reporting methodology for complicated design efforts.
Benefits
- Salary range: $130K-$160K based on experience and education.
