Job Description
Job Description
About the Role
We are seeking a Cost Project Control Specialist II to support project execution teams in the development, monitoring, and control of project budgets and costs. This position is ideal for a detail-oriented, analytical professional with a foundation in cost control and project management who is eager to grow in a fast-paced project environment.
W Key Responsibilities
- Budget Development & Management
- Assist in recasting project estimates into structured budgets.
- Ensure alignment with project scope, schedule, and resource requirements.
- Maintain accurate budget documentation and cost tracking systems.
- Commitment Execution & Management
- Support execution of commitments against approved budgets (POs, contracts, subcontracts).
- Track commitments to confirm alignment with budget limits and project objectives.
- Monitor expenditures and report discrepancies or overruns.
- Change Management
- Assist in documenting and evaluating scope changes or variations affecting costs.
- Support impact analysis for cost changes and maintain proper documentation.
- Update budgets and forecasts with approved changes.
- Forecasting & Estimate at Completion (EAC)
- Contribute to developing cost forecasts using historical data and current expenditures.
- Assist in calculating EAC by analyzing actual, committed, and projected costs.
- Provide input for variance reports and recommend corrective actions.
- Reporting & Analysis
- Prepare cost reports, dashboards, and summaries for stakeholders.
- Highlight cost trends, risks, and opportunities for optimization.
- Collaboration & Support
- Work with project managers, engineers, and procurement teams for accurate cost alignment.
- Assist with audits and compliance reviews related to cost management processes.
e Qualifications
Education : Bachelor’s degree in Finance, Accounting, Business Administration, Engineering, or related field.Experience : 2–5 years in cost control, project management, or related roles.Skills :Proficiency in Microsoft Excel; familiarity with cost management software (Primavera, Procore, etc.) is a plus.Strong analytical, organizational, and problem-solving skills.Excellent communication and collaboration abilities.Basic understanding of project management and cost management principles.Knowledge of cost estimating, budgeting, and forecasting techniques.Familiarity with Earned Value Management (EVM) concepts preferred.