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Cost Control Engineer information

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$45.5K

$97K

$139.5K

How much do cost control engineer jobs pay per year?

As of Jun 18, 2026, the average yearly pay for cost control engineer in the United States is $97,048.00, according to ZipRecruiter salary data. Most workers in this role earn between $81,000.00 and $114,000.00 per year, depending on experience, location, and employer.

What is the difference between Cost Control Engineer vs Cost Estimator?

AspectCost Control EngineerCost Estimator
Primary FocusMonitoring and controlling project costs during executionPreparing cost estimates for project bids and planning
Required CredentialsEngineering degree, certifications like CPC or AACE certificationsEngineering or construction management degree, certifications like AACE
Work EnvironmentOn-site and project management settingsOffice-based, pre-project planning
Industry UsageConstruction, engineering, oil & gasConstruction, engineering, manufacturing

While both roles involve cost management, the Cost Control Engineer focuses on tracking and managing costs during project execution, ensuring budgets are maintained. In contrast, the Cost Estimator primarily prepares initial cost estimates for project bids and planning phases. Both roles require similar credentials and are vital in project cost management, but their responsibilities differ across project lifecycle stages.

What are some common challenges faced by Cost Control Engineers when working on large-scale projects?

Cost Control Engineers on large-scale projects often face challenges such as managing frequent scope changes, dealing with incomplete or delayed information from other departments, and ensuring cost data accuracy across multiple contractors. They must also balance rigorous cost tracking with the dynamic pace of construction or engineering progress. Effective communication and proactive problem-solving are essential to keep projects within budget and avoid cost overruns.

What are the key skills and qualifications needed to thrive as a Cost Control Engineer, and why are they important?

A Cost Control Engineer needs strong analytical skills, a background in engineering or construction management, and experience with budgeting and cost estimation. Familiarity with project management software (such as Primavera or MS Project), ERP systems, and cost control methodologies is typically required, along with relevant certifications like CCP (Certified Cost Professional). Exceptional attention to detail, effective communication, and problem-solving abilities help them collaborate and adapt to project changes. These skills ensure accurate financial oversight, efficient resource allocation, and project profitability.

What are Cost Control Engineers?

Cost Control Engineers are professionals responsible for monitoring, analyzing, and managing the financial aspects of engineering projects. They develop budgets, track expenses, forecast costs, and ensure that projects stay within financial constraints. Their role is crucial in identifying potential cost overruns and implementing corrective measures to optimize project spending. Cost Control Engineers work closely with project managers, engineers, and finance teams to ensure projects are delivered efficiently and profitably.
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Cost Control Engineer jobs near you
Cost Control Manager

Cost Control Manager

Philly Shipyard

Philadelphia, PA

Full-time

Posted 15 days ago

Job description

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

  • Lead cost control activities for all shipbuilding projects, ensuring accurate cost tracking, reporting, and forecasting.
  • Manage preparation of cost reports, including variance analyses.
  • Control budget adjustments from approved make-or-buys, owner’s change orders, and other budget transfers with relevant parties.
  • Support Make-or-Buy evaluations.
  • Maintain project change order logs.
  • Prepare T&M and Turnkey subcontractor accruals on a monthly basis.
  • Support the Director of Project Estimating and Cost Control in the preparation of executive-level financial summaries and presentations.
  • Ensure all cost reporting aligns with company policies, cost management standards, and audit requirements.
  • Supervise and mentor Cost Analysts and other staff in cost tracking, data analysis, and SAP reporting functions.
  • Partner with production management to reconcile labor, subcontractor, and material costs.
  • Participate in financial and operational audits, providing data and documentation as required.
  • Perform other duties as assigned to support departmental and company objectives.

COMPETENCIES

  • Strong leadership and team management skills.
  • Advanced analytical and financial modeling capabilities.
  • Ability to communicate effectively across all levels of the organization.
  • Strong decision-making and problem-solving abilities.
  • Proficiency with SAP, BI reporting tools, and Microsoft Excel.
  • Excellent attention to detail and organizational skills.
  • Adaptability and ability to thrive in a fast-paced, evolving environment.
  • Integrity and commitment to company values.

SUPERVISORY RESPONSIBILITY

This position manages the Cost Analyst(s) and may supervise other financial support staff as assigned.

WORK ENVIRONMENT

Duties are performed primarily in an office environment within a manufacturing facility. Environmental exposures are similar to those found in heavy industrial settings and may include noise, heat, cold, vibration, dust, and fumes. Work may occasionally take place outdoors and may involve exposure to inclement weather.

*Hanwha Philly Shipyard is a TOBACCO-FREE facility.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The role may require general lifting, carrying, bending, extended walking or standing, and other activities consistent with office and industrial environments. Reasonable accommodations may be made for individuals with disabilities.

POSITION TYPE / EXPECTED HOURS OF WORK

This is a full-time, on-site, safety-sensitive position. Standard work hours may vary by department and are determined by project schedules and operational needs.

 

PREFERRED EDUCATION AND EXPERIENCE

  • Bachelor’s Degree in Finance, Accounting, Business Administration, or Engineering.
  • 7+ years of experience in cost control, project accounting, or financial management in a construction, manufacturing, or shipbuilding environment.
  • Strong understanding of HPSI cost structures.
  • Advanced proficiency in Microsoft Excel and SAP.
  • Experience managing teams and developing cost control systems.
  • International and/or shipyard experience preferred.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities. Duties and responsibilities may change at any time with or without notice.

Hanwha Philly Shipyard is committed to equal opportunity for all applicants. The recruitment, selection, employment, and training of employees during employment shall be without discrimination because of race, color, religion, national origin, gender or age-except that the applicant must meet the minimum age requirement. Hanwha Philly Shipyard does not, and will not, discriminate because of the disability of such an individual.

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