Iovino Enterprise LLC

  • Cost Engineer

    Job Locations US-NY-whitestone
    Job Post Information* : Posted Date 1 month ago(10/4/2019 3:49 PM)
    # of Openings
  • Overview

    TC Electric, LLC is one of the leading transit electrical system installation contractors in New York City. Founded in 2005, TC Electric has successfully created an organization that values a working environment that embraces learning, transparency, and strong ethical behavior. At TC Electric we believe that our greatest asset is our people and we are committed to providing the necessary training, mentoring and a work environment aligned with career advancement and job satisfaction.


    The cost engineer is a crucial member of our project management team. On a daily basis the cost engineer is responsible for tracking production quantities as well as working with procurement on inventory control and receiving. On a weekly basis the cost engineer is part of the planning to ensure that appropriate staffing is being planned for certain activities and tracking production to determine success of the work being performed. On a monthly/long term basis the cost engineer is responsible for identifying long term trends, financial modeling and predictive cash flows. At all stages, daily weekly and monthly, the cost engineer is an essential part of the project team and their analysis and observations are essential to monitoring and health of a project.


    • Track and Document the progress of the project on a daily basis including man-hours, cable installed, equipment installed, materials used, etc.
    • Work closely with the field personnel and project management to (re-forecast) adjust activities on a monthly basis
    • Prepare and negotiate monthly payments with owner
    • Review sub-contractor Detailed Cost Breakdowns/invoices and manage the payment of sub-contractors based on performance and progress
    • Approve project wide vendor invoices by matching invoices with packing slips and purchase orders
    • Conduct monthly cost meetings with upper management to review financial health and position of project
    • Prepare monthly financial recap sheets and cost reports
    • Assist in the negotiations of Additional Work Orders, and tracking/documenting of all time, material & equipment associated with the AWO
    • Prepare quarterly billing projections for upcoming work with input from project manager, foreman and subcontractors and submit to upper management
    • Submit weekly quantities to management analyzing the weekly production
    • Prepare and submit timesheets to payroll department for all project personnel


    • Basic to strong understanding of cost accounting
    • Able to clearly communicate in a timely manner
    • Excellent computer skills, specifically MS Word and Excel
    • Good team player
    • Willingness to learn about a new industry, specifically construction, as necessary


    • Bachelors in Math related field; Business, Hard Science, Engineering, Accounting, etc.


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