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Entry Level Cost Control Engineer Jobs in Florida

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Entry Level Cost Control Engineer information

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

To thrive as an Entry Level Cost Control Engineer, you need a solid background in engineering or construction management, analytical skills, and a degree in a related field. Familiarity with cost estimation software such as Primavera, MS Excel, and project management tools is typically required. Attention to detail, strong organizational skills, and effective communication are important soft skills for this role. These abilities ensure accurate budgeting, efficient project tracking, and successful collaboration with project teams to control costs and meet deadlines.

What are some common challenges faced by entry level cost control engineers, and how can they overcome them?

Entry level cost control engineers often face challenges such as managing large volumes of project data, understanding complex budgeting processes, and ensuring accurate cost tracking across multiple project phases. To overcome these challenges, it’s helpful to develop strong attention to detail, use project management software effectively, and proactively communicate with project managers and other team members. Seeking mentorship and participating in ongoing training can also accelerate learning and help adapt to the fast-paced nature of construction and engineering projects.

What does an Entry Level Cost Control Engineer do?

An Entry Level Cost Control Engineer assists with tracking, analyzing, and managing project costs to ensure that construction or engineering projects stay within budget. They collect and analyze financial data, prepare cost reports, and monitor project expenditures against budgets. Working closely with project managers and other engineers, they help identify potential cost overruns and suggest corrective actions. This role is ideal for those with an interest in both finance and engineering, and it provides a foundation for a career in project management or cost engineering.

What is the difference between Entry Level Cost Control Engineer vs Cost Analyst?

AspectEntry Level Cost Control EngineerCost Analyst
Required CredentialsBachelor's in Engineering, Finance, or related field; basic knowledge of cost control toolsBachelor's in Finance, Accounting, or related field; strong analytical skills
Work EnvironmentConstruction sites, manufacturing plants, or project officesCorporate offices, consulting firms, or project management teams
Employer & Industry UsageEngineering firms, construction, oil & gas, manufacturingFinance departments, consulting firms, project-based industries

While both roles focus on cost management, the Entry Level Cost Control Engineer primarily supports engineering projects by monitoring costs and ensuring budget adherence, often working on-site. In contrast, the Cost Analyst typically performs financial analysis and reporting in office settings, focusing on broader financial data. Both roles require analytical skills and basic cost management knowledge but differ in their work environment and specific responsibilities.

What are the most commonly searched types of Cost Control Engineer jobs in Florida? The most popular types of Cost Control Engineer jobs in Florida are:
What cities in Florida are hiring for Entry Level Cost Control Engineer jobs? Cities in Florida with the most Entry Level Cost Control Engineer job openings:
Entry Level Cost Control Engineer jobs near you
Cost Estimator/Cost Analyst

Cost Estimator/Cost Analyst

Tecolote Research

Orlando, FL • On-site

Full-time

Posted 14 days ago

Job description

Overview
Seeking a highly motivated entry-level Cost Analyst to support NASA programs. This role is ideal for candidates with 0-3 years of relevant experience in cost estimating, cost engineering, operations research, or systems engineering within the Government or Aerospace industry. The ideal candidate will be a critical thinker with strong analytical, communication, and technical skills. This position requires 0-3 years of experience with a Bachelor's degree required in the following: Management, Business, Economics, Finance, Accounting, Mathematics, Science, Technology, Engineering, or Statistics.
Responsibilities
  • Support the development of cost estimates for government and aerospace programs, primarily in support of NASA.
  • Gather, interpret, and analyze technical, programmatic, schedule, labor, and cost data.
  • Prepare Work Breakdown Structures (WBS), charts, tables, graphs, and diagrams to support cost and program analysis.
  • Utilize statistical and regression analysis, learning curves, cost accounting principles, and cost estimating relationships (CERs).
  • Perform cost-benefit and risk analysis studies to support decision-making.
  • Estimate impacts of project and program change requests and major additions.
  • Analyze raw engineering and cost data and operate parametric and quantitative risk assessment models.
  • Create, document, and present cost estimates using tools such as PCEC, NICM, SEER, PRICE TruePlanning, MOCET, LSOCM, ACEIT, and Excel.
  • Test and validate the integration of new or enhanced estimating models.
  • May interact with senior NASA officials and communicate with prime contractor personnel.
  • Work closely with and support analysts on large or technically complex projects.
  • Develop approaches and solutions to cost analysis issues and challenges.
  • Collaborate effectively in a team environment.

Skills Required
  • Bachelor's degree in Engineering, Business, Mathematics, Economics, Operations Research, or a related field.
  • 0-3 years of experience in cost estimating, cost engineering, operations research, or systems engineering in the Government or Aerospace industry.
  • Some experience with cost estimating is required.
  • Proficiency with Microsoft Office tools, particularly Excel; strong skills in PowerPoint and Word.
  • Excellent verbal and written communication skills.
  • Strong analytical, statistical, and problem-solving skills.
  • Ability to obtain a security clearance.
  • U.S. citizenship is required.

Desired Qualifications:
  • Familiarity with NASA programs or government contracting environments.
  • Experience with developing Work Breakdown Structures (WBS).
  • Exposure to cost estimating methodologies and operations research techniques.
  • Proficiency with industry cost estimation tools such as ACEIT, SEER, or PRICE.

Education
Bachelor's degree required, preferably in math, engineering, business, or the sciences.

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