Cost Engineer I

The Cost Engineer reports to the Project Budget Manager. The successful candidate will have cost engineering experience with as much as possible complex, multi-phase, multi-million dollar construction and/or renovation projects. The general job duties include: prepares detailed computer generated cost reports, charts and diagrams; provide analysis and review of cost/budget expenditure and maintains cost control reports; promptly reports anticipated cost overages or other unsatisfactory cost elements; maintains liaison with Data Processing in developing support for network calculations, printouts and cost reports, and other cost related services.

Essential Job Duties
The Cost Engineer duties include, but are not limited to, the following:
• Monitor project budgets for the multi-billion dollar Capital Improvement Program at Los Angeles World Airports.
• Review and analyze sub-contractor invoices. Prepares job costing reports to allocate these expenditures against the appropriate WBS numbers. Ensure that both commitments and expenditures follow the same allocation methodology.
• Perform cost-to-complete analysis for all cost elements within a project taking into consideration staffing plans, contract commitments, and expenditures to date, change orders and trends.
• 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. Develop creative reporting tools to communicate complex project sequencing and/or progress assessments.
• Review task orders for contractors and sub-consultants 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 budget and prepare reconciliations to include in the current forecast at completion.
• Prolog - Update contract commitments, reconcile and analyze actual expenditures, perform budget transfers, monitor trend status and maintain continuity of WBS structure.
• Perform Project closeout resourcefully to ensure as Prolog Data matters in LAWA’s reporting needs.
• Prepare data to support documentation required journal vouchers for budget transfers.

Hardware/Software Knowledge
• Thorough familiarity with MS office suite software - Word, Excel, PowerPoint, and Outlook.
• Knowledge of Prolog is preferred.

Professional Experience Level/Other Qualifications
• 1- to 5-years cost engineering experience with 1- to 3-years in direct support of an active construction projects.
• Demonstrated experience managing and reporting the cost components of large-scale, complex projects; including developing and managing a progress reporting methodology for a complicated design effort. Experience with Design-Build and Construction Management at Risk delivery methods is desirable.
• Demonstrated proficiency with a large-scale cost reporting system is required; experience with Prolog is highly desirable.
• Demonstrated ability to understand technical and complicated construction programs and the ability to communicate progress to both technical and management level personnel.
• Ability to work with others, a self-starter with results-driven focus.

Element-Specific Requirements/Notes
• May assume other duties as required/needed.
• Maybe required to work past regular work shift.
• Maybe required to work various shifts as needed.
• This position offers a hybrid/telework schedule. Telework – Friday’s. Onsite – Monday through Thursday. Please refer to LAWA’s Pilot Policy for details.

Registration/Certification
• State of California Professional Engineer's license is desirable.
• Professional registration or certification is preferred.

Salary dependent on education and experience.  Salary range:  $83K - $97K.

Why Choose Element Consulting?

Element Consulting is a construction management company dedicated to providing clients with responsible and innovative solutions to their project needs, from inception to completion. Based out of El Segundo, CA, the firm offers program, project, and construction management services. We invite you to join us in 'Bringing the Right Elements Together for Our Clients' Success.'

Salary : $83,000 - $97,000