Senior Cost Engineer

Position Title : Senior Cost Engineer

Company : Reef Capital

Salary : $150,000

Location : Park City, UT; Occasional travel to Lehi HQ and other Reef project sites

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 currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States.

Built on two decades of success, our investment approach combines proven expertise with purposeful innovation. Reef's team has completed more than 500 transactions across all lines of business. In addition to our real estate investment strategy, Reef and / or affiliates own and operate various businesses that add significant long-term value to its projects. We have grown rapidly, growing from about 25 employees to well over 400, with managed assets on behalf of over 750 institutional and individual partners worldwide.

With the motto "Expect the Best," Reef's most prominent developments include Black Desert Resort, a $2 billion luxury resort in Ivins, Utah; Marcella, a luxury private golf community in Park City, Utah; Tributer Resort, Virginia's newest premier private lakeside golf destination; Cornerstone Club, a 5,000-acre residential community, private club, and resort in Telluride, Colorado; Sweetens Cove, a renowned and evolving golf destination nestled in the Tennessee Valley; and the restoration of the historic Coco Palms Resort in Wailua, on the island of Kauai, Hawaii.

At Reef, our mission is to recruit, develop, and retain entrepreneurial individuals who desire to build and create something long-lasting and meaningful. Our business enables bright, committed people to work in high-performing teams within an environment that allows each person to achieve their professional objectives . Reef values a strong culture dedicated to the health and well-being of our employees.

Position S ummary :

Reef is seeking a Senior Cost Engineer to lead cost management efforts across multiple development projects to support the company's growth. The Senior Cost Engineer supervises and performs cost estimating, cost evaluations, baseline cost reviews, and contractor and supplier cost analyses. They provide cost-related insights to support project planning and organizational decision-making while monitoring emerging cost trends for management attention.

This role maintains the corporate cost reference database for projects in design and construction, ensuring accurate and consistent cost information. Responsibilities may also include reviewing invoices to verify proper revenue collection. The Senior Cost Engineer oversees cost engineering, estimating, and cost control activities across several projects, driving 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 :

Company Benefits :

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