Cost Engineer

Overall Purpose of Role:

Cost Engineer will support (and lead if required) the cost function ensuring that all commercial project related activities are carried out in accordance with Company Policies and Procedures.

Primary Responsibilities, Authorities & Accountabilities:

• Responsible for personal safety and working within the provisions and guidelines of the HSEQ processes.
• Ensure effective communication between the cost function and key stakeholders.
• Ensure compliance with cost function processes, and regular review of same to ensure fit for purpose, and simple solutions are in effect.
• Prepare a budget breakdown from the PED (Project Estimate Document) based on the tasks and allocation, review it with the Projects Team and upload it in the Compass.
• Ensure maintenance of the Oracle systems.
• Prepare invoices as per contract milestones or agreed payments terms with all relevant support documentation. Support to finance on follow up for payments from the client.
• Updating the project cashflow with the project manager and submission to finance as required highlight any major deviation/variance from the initial project cash profile.
• Prepare estimates and assessing the cost impact of any change, Monitor the actuals of all project changes.
• Update and compile contract cost report across the full portfolio; in terms of but not limited to VOWD (Value of Work Done), Forecast to Go, Estimate at Completion, Variance Analysis and meaningful variance/movement commentary and cash position.
• Liaise with engineering, procurement and construction functions, and others as required, to maintain awareness of project activities and their impact on the project budget, and phased cost forecast.
• Participate in project cost performance meetings as required.
• Support the project cost close-out process and ensure project balance sheet is clear.
• Prepare monthly project review cost slides for PMT (Project Management Team) review.
• Attend Client Project Controls monthly meetings as required.
• Provide updated project budgets and revenue details for business unit budget forecasts.
• Commitment to Company & Client’s Core Values.
• Committed to Continuous Improvement.
• Excellent communication and interpersonal skills.

Qualifications:

• Experience: Minimum of 5 years’ experience preferable in major oil and gas projects Role Experience: Minimum of 3 years’ experience in a Cost Engineer capacity
• Educational Level: Degree qualification in cost management. quantity surveying, engineering or similar
• Advanced Excel skills in addition to experience using cost estimation and risk analysis software
• Must have thorough understanding of project execution process and can interpret contract terms, conditions and specifications
• Must be familiar with total cost management techniques and cost engineering practices