Cost Engineer III, Los Angeles

Cost Engineer III

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Project Details (Size, SOW, Site Background, etc):

Role: Sr. Cost Engineer - Terminal 5 Airport

Location: El Segundo, CA

Project: Terminal 5 Renovation and Reconstruction

Client: Los Angeles World Airports (LAWA)

Salary: $185K - $195K per year plus benefits

Project Details (Size, SOW, Site Background, etc.):

The Terminal 5 (T5) Sr. Cost Engineer reports to the T5 Program Controls Manager. The T5 Sr. Cost Engineer shall be responsible for developing and maintaining cost data for the T5 Program. The Terminal 5 Program covers the full demolition and rebuild of the Terminal 5 headhouse and concourse, as well as various enabling scopes to vacate the existing building.

Manages project/s cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis. Develops and monitors budget/cost plans, seeking the optimum balance between cost, quality and time requirements. Interfaces closely with related disciplines involved in cost, budget, schedule, management and planning. Duties extend beyond preparing cost estimates and schedules by helping project manager determine resources and support assessment and decision-making.

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

Required Qualifications (Experience, Education, Certifications, Clearances, etc.):

Bachelor's degree in Engineering, Constuction Management or related field
10 years or more of cost engineering experience directly related to construction projects, preferably aviation projects; Experience managing a team of cost engineers
Certifications may include PMP, PE, and/or any other relevant Professional Licensure or Certification.
Required cost engineer certification, i.e. CCE, CCP
Demonstrated experience managing and reporting the cost components of large-scale, complex projects; including developing and managing a progress reporting methodology for a complicated design effort. Experience with Design-Build and Construction Management at Risk delivery methods is desirable.
Demonstrated proficiency with a large-scale cost reporting system is required; experience with Prolog is highly desirable.
Proficient in Microsoft Office Suite and Bluebeam

Element-Specific Requirements/Notes

This is NOT a work from home position
This is a salaried position based on 40 hours per week at the applicable all-in labor rate.
This is a Monday-Friday full-time position in the office or on the project site at LAX
After hours or weekend work may be required to perform the duties of the position. This shall be considered part of the salary

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Location:: Los Angeles
Job Type:: FullTime

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