Cost Project Control Specialist II

About the Role

We are seeking a Cost Project Control Specialist II to support project execution teams in the development, monitoring, and control of project budgets and costs. This position is ideal for a detail-oriented, analytical professional with a foundation in cost control and project management who is eager to grow in a fast-paced project environment.

WKey Responsibilities

• Budget Development & Management
• Assist in recasting project estimates into structured budgets.
• Ensure alignment with project scope, schedule, and resource requirements.
• Maintain accurate budget documentation and cost tracking systems.
• Commitment Execution & Management
• Support execution of commitments against approved budgets (POs, contracts, subcontracts).
• Track commitments to confirm alignment with budget limits and project objectives.
• Monitor expenditures and report discrepancies or overruns.
• Change Management
• Assist in documenting and evaluating scope changes or variations affecting costs.
• Support impact analysis for cost changes and maintain proper documentation.
• Update budgets and forecasts with approved changes.
• Forecasting & Estimate at Completion (EAC)
• Contribute to developing cost forecasts using historical data and current expenditures.
• Assist in calculating EAC by analyzing actual, committed, and projected costs.
• Provide input for variance reports and recommend corrective actions.
• Reporting & Analysis
• Prepare cost reports, dashboards, and summaries for stakeholders.
• Highlight cost trends, risks, and opportunities for optimization.
• Collaboration & Support
• Work with project managers, engineers, and procurement teams for accurate cost alignment.
• Assist with audits and compliance reviews related to cost management processes.

eQualifications

• Education: Bachelor’s degree in Finance, Accounting, Business Administration, Engineering, or related field.
• Experience: 2–5 years in cost control, project management, or related roles.
• Skills:
• Proficiency in Microsoft Excel; familiarity with cost management software (Primavera, Procore, etc.) is a plus.
• Strong analytical, organizational, and problem-solving skills.
• Excellent communication and collaboration abilities.
• Basic understanding of project management and cost management principles.
• Knowledge of cost estimating, budgeting, and forecasting techniques.
• Familiarity with Earned Value Management (EVM) concepts preferred.