Cost Engineer III

The Tsui Group is seeking a qualified and experienced Cost Engineer III to join our aviation team in Los Angeles County.

Position Description Summary :

The successful candidate will have proven cost engineering experience with complex, multi-phase, multi-million-dollar construction and / or enabling projects. The general job duties include : Prepares detailed computer-generated cost reports, charts and diagrams; Provides analysis and review of cost / budget expenditure and maintains cost control reports; Promptly reports anticipated cost overages or other unsatisfactory cost elements; Maintains liaison with Data Processing in developing support for network calculations, printouts and cost reports, and other cost related services.

Essential Job Duties :

The Cost Engineer duties include, but are not limited to, the following :

• 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, and ensure these actual commitments are accurately entered / tracked into LAWA’s system of record
• 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.
• Prolog - Update contract commitments, reconcile and analyze actual expenditures, perform budget transfers, monitor trend status and maintain continuity of WBS structure
• Coordinate with LAWA Governance Body to ensure changes to budgets are approved via the Reconciliate Process or Capital Improvement Program Change process
• Perform Project closeout resourcefully to ensure Prolog Data is complete for LAWA’s reporting needs
• Prepare data to support documentation required journal vouchers for budget transfers
• May assume other duties as required / needed
• Maybe required to work various shifts as needed

Requirements

Professional Experience Level / Other Qualifications :

Education / Training :

Hardware / Software Knowledge :

Benefits