Cost Engineer

Every day at CMTS, we undertake impactful infrastructure projects that positively impact lives and communities. CMTS has an extensive 40-year industry experience, which ensures a strong foundation for ongoing success. Our company values employees by fostering a culture of learning, personal development, and well-being. We prioritize work-life balance and ethical business practices and engage with our community through employee-driven initiatives. Join us on our journey of growth and success! 

We’re currently seeking a highly motivated Cost Engineer located in Los Angeles, CA.

Overview:

The Cost Engineer plays a crucial role in the financial management of engineering projects. They are responsible for estimating project costs, analyzing cost data, and ensuring that projects are completed within budget constraints. This role requires a detailed understanding of engineering principles, project management, and financial analysis.

Required Education:

• Bachelor's degree in engineering, construction management, finance, or related field

Required Qualifications:

In order to become a candidate, you must possess the following skills and abilities.

• Minimum of 7-10 years of experience in cost estimation, project management, or financial analysis is preferred


• Strong analytical and problem-solving skills.


• Proficient in cost estimation software and project management tools.


• Excellent communication and interpersonal skills.


• Detail-oriented with strong organizational abilities.


• Ability to work collaboratively in a team environment.


• Understanding of engineering and construction processes.


• Knowledge of financial principles and budgeting practices.


• Professional certifications such as Certified Cost Professional (CCP) or similar will be advantageous.

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


• 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, sub-consultants, and City of Los Angeles Interdepartmental Orders 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 contingency budget and prepare reconciliations to include in the current forecast at completion.


• Analyze task order values against current allowance budget and prepare reconciliations to include in the current forecast at completion.


• PMWeb - 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 PMWeb Data is complete for LAWA’s reporting needs


• Prepare data to support documentation required journal vouchers for budget transfers

Salary:

• $108,000.00 - $112,000.00 annually

Bonus Pay:
A bonus may be granted to employees depending on individual performance, employee utilization, attendance, tenure, and furtherance of other non-financial corporate goals; bonus opportunities are available at management’s discretion.
 
Apply:
https://cmtsllc.com/careers/
 

CMTS LLC offers 100% company-paid medical, dental, vision, 401k, life, and long-term disability insurance coverage for employees.

CMTS, LLC is an Equal Opportunity Employer that does not discriminate based on actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, pregnancy, veteran status, sexual orientation, genetic information, arrest record, or any other characteristic protected by applicable federal, state, or local laws. Our management team is dedicated to this policy with respect to recruitment, hiring, placement, promotion, transfer, training, compensation, benefits, employee activities and general treatment during employment.