Cost Technician

Cost Technician I (In-Plant)

Sulphur, LA

Description

Summary of Description:

Perform routine tasks related to the collection of data required to monitor budgets and estimates for a specific portion of a project.

Duties:

• Reconciliation and audit of invoices relative to services received and contractor cost reports, agreed billing rates and terms and conditions.
• Input actual costs into project cost reports in preparation for Project Manager’s review and forecasting of final costs.
• Update individual project cost reports for actual cost to date.
• Monitor contractors project controls systems (Cost Reports, Productivity Analysis, Forecasts, etc.) to ensure costs are being managed within the approved Project funding and/or requests.
• Validate contractor cost reports ensure incorporated into overall Project Cost Reports.
• Interface with Project Accountant and Client Accountant.
• Ability to learn to analyze and compile data that may have an influence on costs, efficiencies, trends, etc. Such factors include labor, materials, subcontracts, special machinery requirements and location.
• Assist others with estimates and bids.
• Communicate and interface with all other project team members.
• Assist in preparing routine and/or special request reports per established instructions, department procedures and deadlines.
• Assist cost engineers in compiling cost data, preparing costs and manpower forecasts, etc.
• May calculate/prepare material to validate installed vs. estimated quantities, comparison reports, charts, and tables for analysis.
• Administrative duties associated with day-to-day routine activities designed to provide practical application of cost methods.
• Perform other job-related duties as assigned.

Education and Experience:

High School Diploma or Equivalent (GED), with additional specialized training or college course work and 0 – 5 years of experience, or an equivalent combination of education and experience sufficient to successfully perform the essential duties of the job such as those listed above.

Specific Skills:

• Proficient at spreadsheet and data base programs (Excel, Access, etc.)
• Understanding of cost and project controls methodology.
• Basic knowledge of resource monitoring techniques plus ability to follow procedures and directions.