Estimator and Cost Controller (225-708)

An Estimator and Cost Controller plays a vital role in the financial planning and management of projects by analyzing project requirements and estimating potential costs. This dual role requires a professional who understands both the intricacies of budgeting and the technical specifications related to construction or production processes. An Estimator and Cost Controller's primary objective is to provide accurate cost projections to guide project strategy and ensure efficient use of resources. They work closely with project managers, engineers, and other stakeholders to gather relevant information and assess the financial feasibility of project plans. Attention to detail, analytical skills, and experience in finance or construction are essential for success in this position.

Responsibilities

• Prepare accurate and detailed cost estimates for various phases of projects.
• Collaborate with project managers and engineers to verify scope and projection details.
• Analyze blueprints and technical documents to develop comprehensive cost assessments.
• Monitor project budgets and update forecasts based on actual project progression.
• Identify potential cost-saving opportunities within project plans and processes.
• Review and adjust cost estimates regularly to reflect market conditions and changes.
• Create detailed reports and presentations to communicate cost findings to stakeholders.
• Track project expenditure and compare it against initial estimates and budgets.
• Coordinate with procurement teams to gather accurate pricing and supplier information.
• Ensure all cost control procedures align with company policies and project goals.
• Maintain databases of historical data to aid in future cost estimating practices.
• Provide training and support to junior staff involved in cost analysis activities.

Requirements

• Bachelor’s degree in finance, engineering, construction management, or a related field.
• Proven experience in cost estimation and cost control within relevant industries.
• Strong analytical skills with the ability to interpret technical documents and blueprints.
• Proficiency in financial modeling and estimation software applications.
• Excellent communication skills for presenting complex financial information clearly.
• Attention to detail and the ability to handle multiple projects simultaneously.
• Certification from a recognized professional body is considered advantageous.