Cost Engineer - Petrochemical/Utilities

Job Title: Cost Engineer – Petrochemical/ Utilities

Company: AcceleratedPM

Job Type: On-Site

Job Location: Waco, Texas

Qualifications:

• Bachelor’s (required)
• Cost engineering/cost management experience: 10 yrs (required)
• Utilities/Energy sector experience: 5 yrs (required)

Accelerated PM is searching for an experienced Cost Engineer for a client in the Petrochemical sector. As a cost engineer, you are responsible for developing and managing all aspects of cost-related project controls to support our client’s portfolio. You will work closely with the Scheduling, Project Management, Operations, Finance, and Procurement groups. You must also be highly detail-oriented and organized with excellent analytic and problem-solving abilities.

Location/Travel:

• This is an on-site position, with travel expenses negotiable.

Duties and Responsibilities Could Include:

• Develop and manage project cost reports, including the evaluation of committed, actual, and forecasted costs against budgets.
• Prepare monthly accruals and forecast reports, and review with stakeholders and the Finance team.
• Conduct detailed monthly variance analysis and use findings to drive improvements in future budgeting and forecasting.
• Play a key role in annual planning and budgeting at the portfolio level.
• Work closely with the scheduling team to ensure schedule impacts are reflected accurately in the cost forecast/reports.
• Carry out reviews of invoices/pay applications of select vendors and subcontractors to ensure accuracy and contract compliance.
• Lead the project change management process and ensure budget change and contract change in compliance with SOPs.
• Prepare project budgets with input from others.
• Conduct cost risk analysis and incorporate it into the cost forecast.
• Conduct project close-out activities.
• Manage and maintain cost-related aspects of the ERP system.
• Work with Project Managers and other internal stakeholders (Project Management, Operations, Finance, Procurement) to provide unified, cost-driven solutions, identify potential conflicts, and assist in the facilitation of making critical commercial decisions.

Minimum Required Education and Experience:

• 10 years cost analyst/cost management experience
• 5 years working in the energy sector
• Experience working with ERP systems, ideally Oracle
• Experience developing various types of reports, targeting different audiences
• Experience in client-facing positions
• Strong MS Excel skills other MS Office products (Access, PowerPoint, Word, and Outlook)
• Strong communication skills, including the ability to clearly and accurately communicate with any audience

Beneficial/Preferred Qualifications:

• Experience with utility capital projects >$50M
• Knowledge of earned value management and cost risk analysis methodologies
• Professional certification (e.g., CCP, CEP, or PMP)

Job Type:

• Rate: $85-$110/hr. (salary commensurate with experience
• Benefits: Negotiable (PTO, 401k, Health Insurance)