Cost Engineer

This video explores the role of a Cost Engineer at a leading engineering and construction company offering operational solutions for the energy sector.

Role Overview:
As a Cost Engineer at a company like Global E&C (now known as ‘nexos’), you are responsible for tracking and managing project costs, ensuring that budgets are maintained, and financial targets are met. You work closely with project managers, planners, and other stakeholders to balance the critical elements of cost, time, and quality in every project. This role is ideal for someone who enjoys working with numbers, has strong attention to detail, and excels in a team-oriented environment.

Key Responsibilities:
– Track and manage project costs across various stages, from budgeting and forecasting to final cost reporting.
– Collaborate with engineers, project managers, and finance teams to ensure cost efficiency and maintain financial targets.
– Analyze cost time resource (CTR) breakdowns and apply charge-out rates to assess the commercial viability of projects.
– Identify potential cost-saving opportunities and provide financial scenarios to support decision-making.
– Maintain accurate records of costs, using Excel and other software tools, while ensuring attention to detail to avoid errors.

Qualifications:
– Bachelor’s degree in a related field (e.g., Engineering, Business, Mathematics) is preferred, but not required.
– Strong analytical skills with a keen interest in numbers and cost management.
– Excellent communication and team-building skills, with the ability to work effectively across different departments.
– Attention to detail and a proactive approach to problem-solving.
– Experience with cost tracking software and Excel is advantageous, but not mandatory.

Why Pursue this Career Path?:
Pursuing a career as a Cost Engineer at a leading engineering and construction company like nexos offers the opportunity to play a crucial role in the financial management of complex projects across the energy sector. In this role, you’ll be at the heart of balancing cost, time, and quality, ensuring that projects are delivered on budget and to the highest standards. Working with a team of engineers, project managers, and finance professionals, you’ll gain invaluable experience in cost management, financial analysis, and strategic decision-making. If you have a passion for numbers, a keen eye for detail, and enjoy collaborative problem-solving, this position provides a strong foundation for a rewarding career in cost engineering.