Senior Cost Engineer

PACO Group•New Jersey, NJ

1d•$65 - $75•Hybrid

About The Position

The Senior Cost Engineer will play a key role in the financial management, cost estimating, and budget control of the Hudson Tunnel Project. This position is responsible for supporting project delivery through rigorous cost analysis, forecasting, reporting, and change management. The Senior Cost Engineer will collaborate with project managers, engineers, contractors, and stakeholders to ensure the project remains on budget and meets all financial performance targets.

Requirements

Bachelor’s degree in Engineering, Construction Management, Finance, or related field.
7+ years of experience in cost engineering, estimating, or project controls for large infrastructure or transportation projects.
Strong knowledge of cost estimating methodologies, budget management, and financial reporting.
Familiarity with project management plans, contract administration, and change management processes.
Proficiency in cost management software and tools.
Excellent analytical, communication, and organizational skills.
Ability to work collaboratively in both office and field environments.

Responsibilities

Prepare and review independent cost estimates for procurements and project needs.
Analyze contractor price proposals, change order estimates, and claims.
Validate and recommend approval, amendment, or rejection of contractor cost submissions.
Implement cost and budget management requirements in alignment with the Hudson Tunnel Project Management Plan (HTP PMP).
Track, forecast, and report on all contract changes, allowances, and budget impacts.
Develop and implement supplemental metrics, procedures, and processes for effective cost management.
Support project controls, including schedule management and risk assessment related to cost.
Update risk registers and assessment reports for contingency planning.
Contribute to daily, monthly, and quarterly reporting on project status, progress, and financial compliance.
Assist in reviewing and managing all project contract, cost, schedule, risk, and environmental impact changes.
Coordinate changes to designs and contract documentation, ensuring proper financial tracking.
Advise on impacts to project costs related to supply chain market conditions and fluctuations in commodities, materials, and equipment.
Ensure accurate tracking, storage, and retrieval of cost-related documents and records.
Support document control processes for financial documentation.
Provide technical support for disputes and conflict resolution proceedings related to cost, schedule, and other project issues.
Ensure compliance with Federal, state, and local funding requirements, including grants administration and reporting.
Participate in audits and reviews to confirm adherence to project controls and financial standards.