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Project Cost Engineer


Employee Type: Salary-exempt, Full-Time
Managers Others: No
Reports to: Project Controls Manager
Travel Required: Yes

Job Purpose

A project accountant monitors the financial progress of a project, computes operating fixed and variable costs (variance analysis) and compares such costs to budgets. Comparing budget amounts to actual expenses is an accounting function that helps senior management adjust project costs while work is still in progress. A cost accountant typically reports periodic financial statements to the Project Controls Manager and ensures that accounting procedures and systems are adequate and functional.

Essential Functions and Job Responsibilities:

  • Remain up-to-date on project values, cost (including labor and equipment hours) and schedule performance; all project deliverables, contract award and modifications, status of billed and unbilled revenues, and project forecasting.
  • Maintains a complete project file, an up-to-date estimate at completion (EAC), and is prepared to answer questions on the project status.
  • Be able to distinguish accounting requirements per contract and per contract type – FFP, T&M, CPFF.
  • This position will support Multiple Projects and Project Controls. Other duties as reasonably assigned. Travel for the position will be required.
  • Maintenance of Project Files – to include original as-bid budget, EAC, Statement of Work (SOW’s), project closeout documentation, etc.
  • Project Startup — Ensure project labor setup is correctly coordinated with contracts, accounting, and human resources as necessary as well as communicating to the executing Project Team the pertinent project information.
  • Project Execution — On-going review of project information for completeness as well as ensuring project deliverables are completed on a weekly schedule.
  • Cost Performance & Accounting
  • Monitor contract cost performance, address notification of funding limitations
  • Remain knowledgeable of and tracking Open AR and Unbilled Amounts for project, monitoring status of accounts receivables and being proactive to resolve problems.
  • Providing invoice support as necessary.


Experience/Education Requirements

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.

  • BS in Business Administration (in related field) or equivalent with 5 or more years of Project Control experience with a Government Contractor.
  • Performing various financial analysis such as reconciliations and variance analysis.
  • Skills in coordinating schedules, leading meetings, updating and distributing meeting materials, and identifying and tracking action items.
  • Demonstrated understanding of business actions necessary for processing travel requests and invoices.
  • Ability and willingness to personally document and distribute weekly status reports on time, all the time.
  • Proven strong skills in organizing and managing time across multiple tasks and customer needs.
  • Highly motivated, problem-solving, multi-tasking individual who works well in a fast-paced dynamic environment is essential.
  • Must work independently very efficiently.
  • Proven ability to develop and maintain effective relationships with internal and external customers.
  • Excellent oral and written communication, interpersonal, and consulting-type skills.
  • Proficiency in all MS office (Word, PowerPoint, Excel, Outlook). Must be strong in advanced Excel.
  • Heavy Job experience a plus.


Environmental/Atmospheric Working Conditions

The following environmental/atmospheric working conditions are commonly, but not always, associated with the performance of this position.  The actual working conditions will vary.

  • Job Site environment, including, but not limited to, machines, tools, heavy equipment, chemicals, solvents, dust and fumes.
  • Occasional exposure to extreme weather conditions.

The above job description is meant to describe the general nature and level of work being performed; it is not intended to be construed as an exhaustive list of all responsibilities, duties and skills required for the position.  Employees will be required to follow any other job-related instructions and to perform other job-related duties requested by their supervisor.

All job requirements are subject to possible modification to reasonably accommodate individuals with disabilities.  Some requirements may exclude individuals who pose a direct threat or significant risk to the health and safety of themselves or other employees.


It is the policy of Great Lakes Environmental & Infrastructure to fill every position without regard to race, color, religious creed, sex, marital status, physical disability, mental disability, medical condition, age, national origin, ancestry, sexual orientation, gender identity, genetic information, or any other basis made unlawful by applicable law.  Great Lakes Environmental & Infrastructure is an equal opportunity employer, and strictly prohibits unlawful discrimination by any employee, including managers, supervisors and co-workers.