Junior Cost Controlling Engineer
1 month ago
**Job Title**: Junior Cost Controlling Engineer
**Location**: Contracting Company, Infrastructure and Earthworks Division
**Job Summary**:
The Junior Cost Controlling Engineer supports the cost control functions on infrastructure and earthwork projects, ensuring financial and budgetary efficiency throughout project phases. This role involves monitoring project expenses, updating budgets, and assisting with financial planning, making sure projects remain within budget while meeting quality and timeline objectives. The engineer works closely with project managers, field engineers, and senior cost controllers to accurately track costs and report on budget performance.
**Key Responsibilities**:
- **Cost Tracking and Monitoring**:
- Assist in tracking and updating project costs, ensuring all expenditures are accurately documented and reported.
- Monitor labor, material, and equipment costs specific to earthwork and infrastructure projects.
- Support cost analyses to compare actual versus budgeted costs, identifying variances.
- **Budget Preparation and Updates**:
- Collaborate with project managers and senior cost controllers to prepare initial project budgets based on detailed work breakdown structures (WBS).
- Update and adjust budgets as needed, reflecting any changes in project scope or unforeseen costs.
- **Cost Reporting**:
- Prepare regular financial reports, including cost status, budget variances, and forecasts.
- Provide insights on cost performance, highlighting potential risks and opportunities for cost savings.
- **Invoice and Payment Processing**:
- Review and process invoices related to project expenses.
- Coordinate with the accounts payable team to ensure timely payment to vendors and subcontractors.
- **Change Order and Variation Management**:
- Assist in documenting and processing change orders and variations, analyzing the impact on project budgets.
- Ensure all adjustments are accurately reflected in budget forecasts.
- **Data Analysis and Support**:
- Utilize cost management software and Excel to analyze project data and provide cost control reports.
- Maintain accurate records of all financial transactions for auditing and reporting purposes.
- **Coordination with Site Teams**:
- Work closely with on-site teams to collect and validate field data related to cost performance.
- Visit project sites periodically to understand the scope of work, and monitor ongoing activities.
- **Compliance and Documentation**:
- Ensure all cost control activities comply with company policies and relevant standards.
- Maintain organized documentation for project cost records, change orders, and contractual amendments.
**Requirements**:
- **Education**: Bachelor’s degree in Civil Engineering, Construction Management, or a related field.
- **Experience**: 3 to 4 years minimum experience in cost control, budgeting, or a related field within construction is advantageous.
- **Skills**:
- Strong analytical and numerical skills.
- Proficiency in cost management software (Primavera, SAP) and MS Excel.
- Detail-oriented with excellent organizational skills.
- Basic understanding of civil construction practices, specifically in infrastructure and earthworks.
- Good communication and teamwork abilities.
Pay: ﷼3,000.00 - ﷼4,000.00 per month
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