Cost Engineer at Micron Technology

Taichung, , Taiwan -

Full Time

Start Date

Immediate

Expiry Date

07 Mar, 26

Salary

0.0

Posted On

07 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Tracking, Cost Control Systems, Budget Management, Cost Estimation, Forecasting, Vendor Management, Contract Review, Risk Management, Data Analysis, Communication, Leadership, Attention to Detail, Analytical Skills, Continuous Improvement, EVM, ERP Systems

Industry

Semiconductor Manufacturing

Description

1. Cost Tracking and Reporting: - Develop and Implement Cost Control Systems: Establish comprehensive systems for tracking project costs from initial budgeting through to project completion. - Monitor Expenditures: Track actual costs and forecast future expenditures, ensuring that spending aligns with the project budget. - Maintain Detailed Cost Records: Keep meticulous records of all project costs, including labor, materials, equipment, and contractor expenses. - Earned Value Management (EVM): Use EVM or similar methodologies to assess project performance in terms of cost and schedule. - Cost Reporting: Generate and present weekly and monthly cost reports, providing accurate and actionable insights to project teams and senior management. - Cost Variance Analysis: Identify, analyze, and report variances between budgeted and actual costs, investigating causes and proposing corrective actions where necessary. 2. **Budget Management: - Establish Initial Budgets: Develop and implement detailed project budgets in coordination with local teams and global stakeholders. - Continuous Budget Oversight: Monitor the adherence to approved budgets, ensuring that all costs are within the established budget limits. This includes overseeing changes in scope, unexpected costs, and budget reallocations. - Contingency Management: Set up and manage contingency budgets for unforeseen issues and cost overruns, ensuring appropriate approvals for contingency spend. 3. **Cost Estimation and Forecasting: - Pre-Construction Cost Estimation: Collaborate with design and engineering teams to provide accurate cost estimates for all project phases, from conceptual design through to execution. - Ongoing Cost Forecasting: Continuously update cost forecasts based on actual spend and project progress, providing real-time insights to project teams. - Scenario Planning: Conduct “what-if” cost analyses to evaluate the potential financial impacts of changes in project scope, schedule delays, or market fluctuations in material prices. 4. Vendor and Contractor Management: - Contract Review and Cost Control: Participate in the review of vendor and contractor bids, ensuring that cost control measures are included in contracts and purchase orders. - Payment Verification: Collaborate with procurement teams to verify that payments to contractors and vendors are accurate, justified, and aligned with the progress of work. - Change Orders: Evaluate the financial impact of change orders or claims submitted by contractors, ensuring all changes are in line with project scope and budget. 5. Risk Management: - Cost Risk Identification: Identify and evaluate potential cost risks throughout the project lifecycle, including supply chain disruptions, labor shortages, and material price fluctuations. - Risk Mitigation Strategies: Develop and implement strategies to mitigate financial risks, including the use of fixed-price contracts, alternate material sourcing, or value engineering. - Contingency Planning: Ensure contingency budgets are appropriately managed and communicated to stakeholders to cover unexpected expenses or scope changes. 6. - Internal and External Audits: Coordinate with internal and external auditors to ensure that all financial transactions and cost reporting activities are properly documented and compliant with industry standards. 8. Continuous Improvement: - Process Optimization: Drive continuous improvement in cost management processes, including standardizing reporting templates, improving cost forecasting accuracy, and streamlining vendor payment processes. - Post-Project Analysis: Participate in post-project cost reviews and lessons-learned workshops to refine cost estimation and control processes for future projects. - 5+ years of experience in cost engineering, cost estimation, or financial management for large-scale construction projects, preferably in semiconductor fabs, cleanroom facilities, or other high-tech manufacturing environments. - Proven track record in managing complex budgets for multi-million-dollar construction projects. - Experience working on global construction projects and familiarity with international cost control standards and practices. - Cost Control Software**: Proficiency with cost management software such as SAP or CALM - Data Analysis Tools: Familiarity with tools such as Excel,Power BI, and Tableau for financial data analysis and cost forecasting. - ERP Systems: Experience in working with enterprise resource planning (ERP) systems for financial management and project control. - Contract and Procurement: Strong understanding of construction contracts, procurement processes, and contract negotiation, particularly with respect to cost implications. - Attention to Detail: A strong focus on accuracy and detail in all aspects of cost tracking, budgeting, and reporting. - Analytical and Problem-Solving Skills: Excellent analytical skills, with the ability to identify cost-saving opportunities and mitigate financial risks. - Communication and Collaboration: Strong verbal and written communication skills, with the ability to effectively communicate financial data and insights to both technical and non-technical stakeholders. - Leadership and Influence: Ability to lead cross-functional teams in cost control initiatives and to influence decision-making through data-driven insights. - Cultural Sensitivity: Experience working with cross-functional teams across multiple geographies, with an understanding of different cultural approaches to project management and cost control.

Responsibilities

The Cost Engineer is responsible for developing and implementing cost control systems, tracking project costs, and generating cost reports. They will also manage budgets, conduct cost estimation and forecasting, and oversee vendor and contractor management.