COST ENGINEERConstruction Cost Engineer | Project Cost Engineer | Cost Control | Project Controls | Construction Accounting | Budget & ForecastingTHE POSITIONISC is seeking a detail-oriented
Cost Engineer to support project financial performance through accurate
cost control, budget management, forecasting, billing support, and financial reporting.
The Cost Engineer is responsible for monitoring project costs at the
Schedule of Values (SOV) level and maintaining alignment between project budgets, Vista phase codes, committed and actual costs, forecasts, and client billing requirements.
This position works closely with Project Management, Accounting, Procurement, and Project Controls to maintain financial accuracy, identify cost trends and variances, support forecasting, and ensure project costs are properly documented and allocated throughout the project lifecycle.
RESPONSIBILITIESProject Cost Control & Reporting- Monitor, analyze, and report billable project costs against approved budgets at the SOV line-item level.
- Track actual, committed, and forecasted costs throughout the project lifecycle.
- Monitor project financial performance and identify cost variances, trends, risks, and discrepancies.
- Communicate cost-related issues and potential financial impacts to Project Management and appropriate leadership.
- Support cost-to-complete and project forecasting activities.
- Assist with development and implementation of corrective actions when unfavorable cost trends are identified.
- Prepare accurate and timely project cost reports and financial information.
- Support project teams with cost analysis and other financial reporting requirements.
Budget & Cost Coding- Maintain alignment between project budgets, Vista phase codes, contract requirements, and SOV line items.
- Review labor, material, equipment, subcontract, and indirect costs for accurate coding and allocation.
- Coordinate with field teams, Accounting, Procurement, and Project Management to resolve miscoded or incorrectly allocated costs.
- Maintain compliance with established phase-code structures and project setup requirements.
- Support accurate allocation of project costs and revenue.
- Maintain accurate project cost records and supporting documentation.
Billing & Contract Compliance- Review billable labor charges for accuracy, proper phase coding, and compliance with applicable contract billing requirements.
- Review project costs to identify unsupported, misallocated, or potentially unallowable charges before client billing.
- Prepare and complete required client billing support documentation for project invoices.
- Support reconciliation between incurred project costs, client billing, and SOV line items.
- Assist Project Management and Accounting with resolution of billing discrepancies.
- Maintain organized documentation supporting project billing and cost reporting.
Procurement & Material Cost Review- Review procurement and material charges for proper cost allocation and coding.
- Confirm applicable costs align with contract requirements, project budgets, SOV items, and established phase codes.
- Verify required supporting cost documentation is complete and accurate.
- Coordinate with Procurement, Accounting, and Project Management to investigate and resolve cost discrepancies.
- Monitor committed costs and their impact on project forecasts and available budgets.
Project Team Collaboration- Work closely with Project Managers, Accounting, Procurement, field teams, and Project Controls throughout the project lifecycle.
- Provide timely and accurate cost information to support project decision-making.
- Assist project teams with understanding cost trends, budget impacts, and forecast changes.
- Maintain positive working relationships with internal and external project stakeholders.
- Support multiple project priorities and financial deadlines as required.
WHAT WE'RE LOOKING FOR- Bachelor's degree in Accounting, Finance, or a related field.
- Three to five years of accounting, project cost, cost control, or related financial experience, preferably in a construction or project-based environment.
- Experience with construction cost accounting, job costing, budgeting, or project financial reporting.
- Strong ability to analyze financial and project cost data, identify trends, and resolve discrepancies.
- Understanding of budgets, forecasts, commitments, actual costs, and cost-to-complete principles.
- Strong attention to detail and commitment to maintaining accurate financial records.
- Proficiency with Microsoft Excel and other Microsoft Office applications.
- Experience with Vista by Viewpoint or similar construction accounting/ERP systems preferred.
- Strong written and verbal communication skills.
- Strong organizational and time-management skills with the ability to meet established deadlines.
- Ability to manage multiple priorities and complex project cost information.
- Ability to investigate and resolve budget variances, cost discrepancies, and accounting issues.
- Ability to work independently and collaboratively as part of a multidisciplinary project team.
PREFERRED EXPERIENCECandidates with experience in one or more of the following areas are strongly encouraged to apply:
- Construction cost engineering
- Project cost engineering
- Cost control
- Project controls
- Construction accounting
- Job cost accounting
- Project financial reporting
- Budget management
- Cost forecasting
- Cost-to-complete forecasting
- Schedule of Values (SOV)
- GMP contracts
- Construction billing
- Labor and material cost tracking
- Committed cost tracking
- Cost variance analysis
- Phase and cost-code management
- Revenue and cost allocation
- Procurement cost analysis
- Contract compliance
- Vista by Viewpoint
- Microsoft Excel
OTHER INFORMATIONISC offers a comprehensive benefits package and opportunities for career development and advancement.
MULTI-SKILL EXPECTATIONThis job profile is not intended to be a complete listing of all similar, miscellaneous, or incidental duties that may be required. ISC utilizes the multi-skill concept and Associates may be expected to perform other job-related duties consistent with project and operational requirements.
Accessibility: If you need an accommodation as part of the employment process please contact Human Resources at
Email: hr@iscgrp.com
