Cost Control Engineer

Company Introduction:

Hill International provides program, project, and construction management services for clients in a range of sectors undertaking major construction projects across the world. Our services include cost engineering and estimating, quality assurance, inspection, scheduling, risk management, and claims avoidance. For more information on Hill, please visit our website at www.hillintl.com

Position Summary:

The Cost Control Engineer is responsible for managing and implementing cost control strategies across large-scale projects to ensure effective financial management and optimal project performance. This role involves monitoring and analyzing project costs, preparing and presenting financial reports, budget forecasts, and variance analyses, and coordinating with project managers and department heads to track expenditures. The Cost Control Engineer reviews and approves purchase orders, invoices, and contractor payments, conducts audits of financial records, and provides guidance to the finance team. Additionally, the role includes mentoring cost control staff, developing cost reduction initiatives, and ensuring adherence to Hill Internationals quality, environmental, safety, and occupational health policies. The Cost Control Engineer plays a key role in maintaining project profitability while supporting timely, efficient, and compliant project execution.

General Description of Role and Responsibilities:

• Develop and implement cost control strategies and procedures to ensure effective financial management
• Monitor and analyze financial data to identify cost-saving opportunities and improve profitability
• Prepare and present financial reports, budget forecasts, and variance analysis to senior management
• Coordinate with project managers and department heads to track and control project costs
• Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits
• Review and track Contractors Interim, At Completion and Final Payments
• Conduct regular audits of financial records and procedures to identify and resolve discrepancies
• Train and mentor cost control staff to ensure their understanding of cost control processes and procedures
• Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency
• Stay updated on industry trends, regulations, and best practices in cost control and financial analysis
• Provide guidance and support to the finance team on cost control matters
• Informs themselves of the relevant Quality, Environmental, Safety and Occupational Health Policies, Manuals and Procedures in place within Hill International, and ensures continued compliance with these requirements while employed by Hill.
• Perform other duties as assigned by the line manager/supervisor.

Qualifications, Experience, Knowledge and Skills:

• Bachelor in engineering from an accredited university.
• Minimum 10 years experience in cost control including having been a cost manager for large-scale projects.
• Experience in performing, monitoring, and reviewing cost engineering functions, including cost estimating, cost control, financial reporting systems, and cost analysis, in the field and the home office.
• Skilled in verbal and written communication.
• Advanced level of knowledge of engineering, procurement, contracts, construction, and startup work processes.
• Experience in producing projects cash flow forecast.