Cost Manager - WIR

Hargrove Engineers & Constructors•Richmond, VA

About The Position

The Cost Manager is responsible for overseeing all project cost control activities associated with capital projects, maintenance projects, and turnaround efforts. This position provides cost forecasting, cost reporting, invoice validation, budget monitoring, and financial analysis to ensure projects are delivered within approved funding limits. The Cost Manager serves as a key liaison between Project Managers, contractors, accounting teams, and client stakeholders to provide accurate and timely project financial information.

Requirements

Bachelor's degree in Engineering, Construction Management, Finance, Accounting, Business, or related field; equivalent experience may be considered.
5+ years of experience in project controls, cost control, cost management, project accounting, or related roles.
Experience supporting industrial, manufacturing, chemical, power, or capital project environments.
Strong knowledge of cost reporting, forecasting, budgeting, and financial analysis.
Proficiency with Microsoft Excel and project cost management systems.
Experience supporting owner-client capital projects.
Knowledge of earned value management (EVM) principles.
Experience with SAP, Primavera, Power BI, EcoSys, or similar project controls software.
The selected candidate must be authorized to work in the United States.

Nice To Haves

Professional certifications related to project controls or cost management

Responsibilities

Develop and maintain project budgets, forecasts, and cost reports.
Track actual expenditures, commitments, and forecasted costs against approved budgets.
Identify cost variances and provide recommendations to mitigate risks.
Monitor project performance and communicate financial status to project leadership.
Prepare monthly cost reports and dashboards for management review.
Validate contractor and vendor invoices for accuracy and compliance with contract requirements.
Review labor, material, equipment, and subcontract costs.
Support accrual development and month-end financial reporting activities.
Ensure costs are properly coded and allocated in accordance with project requirements.
Assist with budget change management and authorization tracking.
Maintain project cost tracking systems and controls.
Monitor cost commitments and forecast impacts to project funding.
Support earned value analysis and project performance measurement.
Assist Project Managers with financial planning and decision-making.
Analyze trends and identify potential schedule or cost impacts.
Generate and distribute routine and ad hoc cost reports.
Perform cost analysis and provide recommendations for cost optimization.
Develop forecasting models and support long-range project planning.
Maintain accurate project financial records and supporting documentation.
Support audits and compliance reviews as required.