Reef
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Senior Cost Engineer
role at
Reef
Location: Park City, UT; Occasional travel to Lehi HQ and other Reef project sites.
Salary: $150,000 per year.
About Reef Reef is a Utah-based vertically integrated investment and development firm founded in 2005, with three primary lines of business: Investments, Real Estate, and Lifestyle. Reef’s team is involved in high‑profile development transactions across the United States. The company has completed more than 500 transactions, grown to over 400 employees, and manages assets for more than 750 institutional and individual partners worldwide. Reef’s notable projects include Black Desert Resort in Ivins, Utah; Marcella in Park City, Utah; Tributer Resort in Virginia; Cornerstone Club in Telluride, Colorado; Sweetens Cove in Tennessee; and the restoration of the historic Coco Palms Resort in Wailua, Kauai, Hawaii.
Position Summary Reef is seeking a Senior Cost Engineer to lead cost management across multiple development projects, supporting the company’s growth. The Senior Cost Engineer supervises cost estimating, cost evaluations, baseline cost reviews, and contractor and supplier cost analyses. Responsibilities include maintaining corporate cost reference databases, reviewing invoices, and overseeing cost engineering activities to drive accuracy, accountability, and financial efficiency throughout the project lifecycle.
Responsibilities
Lead program and project estimating activities while maintaining Reef's corporate cost resources and reference library for multiple development project types.
Track and report project costs; input cost metrics used to evaluate development opportunities.
Review design scope criteria, quantities, and estimate bases for completeness and reasonableness; establish conceptual scopes when definition is limited.
Supervise preparation of cost estimates and verify scope, quantity, and cost comparisons across projects.
Coordinate pricing structures and cost criteria for all disciplines; establish summary formats, cost segregation, confidence levels, and risk identification.
Prepare or review distributable and indirect cost estimates, including temporary facilities, equipment, field services, taxes, and foreign currency/exchange rate considerations.
Conduct productivity analysis, establish productivity baselines, and review labor estimates for reasonableness.
Develop bid evaluation cost and schedule criteria, perform bid evaluations, and participate in vendor discussions when needed.
Maintain and update cost data files, vendor cost information, and material unit rate applications.
Prepare cost studies using historical data, statistics, and cost/quantity comparisons; develop innovative analytical techniques as needed.
Prepare cost trend estimates and support cost trend programs.
Implement measurement systems, analyze performance metrics using statistical tools (regression, ANOVA, correlation), and identify system improvements, including bias and stability issues.
Identify cost analysis needs and recommend development or modification of cost engineering data standards.
Direct or perform cost analysis activities across projects.
Define project cost control requirements in alignment with Reef standards, contracts, and objectives.
Supervise timely execution of cost control activities and ensure cost recording, monitoring, and reporting practices comply with standards.
Oversee the development, accuracy, and consistency of cost engineering reports; issue reports required by Reef management and project procedures.
Review designs and specifications for cost effectiveness and recommend alternatives.
Supervise the collection, verification, and integration of work scope across all entities into a total project plan.
Coordinate information input into studies, integrate total work scope, evaluate results, and recommend conclusions.
Supervise or direct project schedule staffing and quantity reporting.
Interface with Reef management, project finance teams, and lenders for cost presentations.
Maintain strong working relationships with Project Directors, Project Managers, discipline leads, and engineering teams.
Plan reports and meetings to ensure ongoing alignment with project leadership and cross‑functional teams.
Provide recommendations on cost engineering staffing and project controls requirements; prepare detailed staffing plans.
Help develop and deliver training sessions and on‑the‑job training for cost engineering processes and best practices.
Qualifications
Bachelor's degree in Engineering (Civil, Mechanical, Industrial, Electrical, or similar), Construction Management, Quantity Surveying, Finance, or a closely related discipline is required; a master's degree and ASCE or ASPE certification is a plus, but not required.
8–10 years of experience in cost engineering, including cost estimating, cost control, and cost analysis in both field and home office environments.
Experience in performing, monitoring, and reviewing cost engineering functions, which include cost estimating, cost control, and cost analysis, in the field and the home office.
Experience establishing and using cost reference databases to build the corporate cost reference library.
Knowledge of supervision, personnel administration, and training of technical and non‑technical personnel.
Statistical knowledge in the areas of sampling, distributions, probability, and hypothesis testing for metrics.
Skilled in oral and written communication.
Proficiency with PC operating systems, with experience using engineering and cost‑engineering related programs.
Knowledge of financial reporting systems, controller account codes, and an understanding of Controller instructions, which impact Project Controls (including Project Financial Status Reports and Earned Revenue Determination Data).
Intermediate level of knowledge of engineering, procurement, contracts, construction, and startup work processes.
Company Benefits
401(k) Plan with Company Match
Generous Health Plan with HSA Match
Flexible Paid Time‑off
Daily Company Lunches
Cell Phone Service Allowance
Discounts at Company‑owned Resorts and Golf Courses
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Senior Cost Engineer
role at
Reef
Location: Park City, UT; Occasional travel to Lehi HQ and other Reef project sites.
Salary: $150,000 per year.
About Reef Reef is a Utah-based vertically integrated investment and development firm founded in 2005, with three primary lines of business: Investments, Real Estate, and Lifestyle. Reef’s team is involved in high‑profile development transactions across the United States. The company has completed more than 500 transactions, grown to over 400 employees, and manages assets for more than 750 institutional and individual partners worldwide. Reef’s notable projects include Black Desert Resort in Ivins, Utah; Marcella in Park City, Utah; Tributer Resort in Virginia; Cornerstone Club in Telluride, Colorado; Sweetens Cove in Tennessee; and the restoration of the historic Coco Palms Resort in Wailua, Kauai, Hawaii.
Position Summary Reef is seeking a Senior Cost Engineer to lead cost management across multiple development projects, supporting the company’s growth. The Senior Cost Engineer supervises cost estimating, cost evaluations, baseline cost reviews, and contractor and supplier cost analyses. Responsibilities include maintaining corporate cost reference databases, reviewing invoices, and overseeing cost engineering activities to drive accuracy, accountability, and financial efficiency throughout the project lifecycle.
Responsibilities
Lead program and project estimating activities while maintaining Reef's corporate cost resources and reference library for multiple development project types.
Track and report project costs; input cost metrics used to evaluate development opportunities.
Review design scope criteria, quantities, and estimate bases for completeness and reasonableness; establish conceptual scopes when definition is limited.
Supervise preparation of cost estimates and verify scope, quantity, and cost comparisons across projects.
Coordinate pricing structures and cost criteria for all disciplines; establish summary formats, cost segregation, confidence levels, and risk identification.
Prepare or review distributable and indirect cost estimates, including temporary facilities, equipment, field services, taxes, and foreign currency/exchange rate considerations.
Conduct productivity analysis, establish productivity baselines, and review labor estimates for reasonableness.
Develop bid evaluation cost and schedule criteria, perform bid evaluations, and participate in vendor discussions when needed.
Maintain and update cost data files, vendor cost information, and material unit rate applications.
Prepare cost studies using historical data, statistics, and cost/quantity comparisons; develop innovative analytical techniques as needed.
Prepare cost trend estimates and support cost trend programs.
Implement measurement systems, analyze performance metrics using statistical tools (regression, ANOVA, correlation), and identify system improvements, including bias and stability issues.
Identify cost analysis needs and recommend development or modification of cost engineering data standards.
Direct or perform cost analysis activities across projects.
Define project cost control requirements in alignment with Reef standards, contracts, and objectives.
Supervise timely execution of cost control activities and ensure cost recording, monitoring, and reporting practices comply with standards.
Oversee the development, accuracy, and consistency of cost engineering reports; issue reports required by Reef management and project procedures.
Review designs and specifications for cost effectiveness and recommend alternatives.
Supervise the collection, verification, and integration of work scope across all entities into a total project plan.
Coordinate information input into studies, integrate total work scope, evaluate results, and recommend conclusions.
Supervise or direct project schedule staffing and quantity reporting.
Interface with Reef management, project finance teams, and lenders for cost presentations.
Maintain strong working relationships with Project Directors, Project Managers, discipline leads, and engineering teams.
Plan reports and meetings to ensure ongoing alignment with project leadership and cross‑functional teams.
Provide recommendations on cost engineering staffing and project controls requirements; prepare detailed staffing plans.
Help develop and deliver training sessions and on‑the‑job training for cost engineering processes and best practices.
Qualifications
Bachelor's degree in Engineering (Civil, Mechanical, Industrial, Electrical, or similar), Construction Management, Quantity Surveying, Finance, or a closely related discipline is required; a master's degree and ASCE or ASPE certification is a plus, but not required.
8–10 years of experience in cost engineering, including cost estimating, cost control, and cost analysis in both field and home office environments.
Experience in performing, monitoring, and reviewing cost engineering functions, which include cost estimating, cost control, and cost analysis, in the field and the home office.
Experience establishing and using cost reference databases to build the corporate cost reference library.
Knowledge of supervision, personnel administration, and training of technical and non‑technical personnel.
Statistical knowledge in the areas of sampling, distributions, probability, and hypothesis testing for metrics.
Skilled in oral and written communication.
Proficiency with PC operating systems, with experience using engineering and cost‑engineering related programs.
Knowledge of financial reporting systems, controller account codes, and an understanding of Controller instructions, which impact Project Controls (including Project Financial Status Reports and Earned Revenue Determination Data).
Intermediate level of knowledge of engineering, procurement, contracts, construction, and startup work processes.
Company Benefits
401(k) Plan with Company Match
Generous Health Plan with HSA Match
Flexible Paid Time‑off
Daily Company Lunches
Cell Phone Service Allowance
Discounts at Company‑owned Resorts and Golf Courses
#J-18808-Ljbffr