Cost Engineer - Project Controls Specialist III

Frederick National Lab for Cancer Research
Employment Address: 
Frederick, MD
United States



The Facilities Maintenance and Engineering (FME) mission is to support the NCI at Frederick in their mission to cure cancer and AIDS. FME is responsible for the physical campus - its research laboratory space, administrative space, the infrastructure that supports the buildings, and the landscape that surrounds them. In addition, we are responsible for managing, planning, designing, and construction management of renovations at the FNLCR.


  • Monitoring projects’ performance against budget baselines and established performance milestones
  • Compiling and reviewing budgets for FME using actual performance, previous budget figures, estimated revenue, expense reports, and other data sources to control funds and provide for proper financial administration
  • Performing estimate at completion (EAC) analysis of all cost elements within a project taking into consideration contract commitments, expenditures to date, changes and potential trends
  • Understanding the impact of indirect cost on project total cost
  • Preparing financial plans, monitoring implementation of financial policies
  • Extracting and developing monthly reports from the project finance and accounting system to track costs and budgets
  • Analyzing cost and schedule information, identifying potential concerns, as well as corrective alternatives, and presenting recommendations to management
  • Preparing regular and special-purpose reports
  • Assisting the project team in the development and monitoring of a project’s EAC and assessing the reasonableness of the EAC
  • Serving as main point of contact for FME interface with the finance department and NCI regarding funding and financial matters
  • Maintaining historical records, analyzing trends, establishing cost rates and personnel forecasts
  • Analyzing quantitative project financial data and making recommendations to senior management
  • Maintaining database(s) by entering, verifying, and backing up data to ensure integrity and completeness of financial data systems
  • Updating contract commitments, reconciling and analyzing actual expenditures, monitoring trend status and maintaining continuity of tracking structure
  • Recommending and interpreting budgetary policies and procedures, preparing comparative evaluation of actual costs against budgeted funds
  • Developing creative reporting tools to communicate complex project sequencing and/or progress assessments
  • Attending project meetings to provide current financial information and potential impacts to project budget or forecast
  • Providing detailed performance metrics and analysis for senior management and NCI at established intervals


To be considered for this position, you must minimally meet the knowledge, skills, and abilities listed below:

  • Possession of a Bachelor's degree from an accredited college/university according to the Council for Higher Education Accreditation (CHEA) in a related field (Additional qualifying experience may be substituted for the required education)
  • Foreign degrees must be evaluated for U.S. equivalency
  • A minimum of five (5) years of related experience
  • Ability to work as a team member
  • Ability to lift and carry up to 25 lbs.. Position includes walking, standing, bending, stooping, climbing stairs and exposure to dust or particulates
  • Ability to multitask and stay organized in a fast-paced environment
  • Ability to obtain and maintain a security clearance


Candidates with these desired skills will be given preferential consideration:

  • Experience in Maximo, Cost Point/Cognos and SharePoint
  • Experience in construction and facilities maintenance
  • Strong communication skills with all levels of personnel through written and oral presentations
  • Ability to interface and communicate with a wide range of functional areas in a highly technical environment
  • Advanced level professional providing professional input to complex assignments / projects, while working independently receiving guidance in only the most complex situations
  • Ability to exercise judgment in the evaluation, selection, and adaptation of both standard and complex techniques and procedures
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