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Job Description
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 & Accountabilitie
- s:
Responsible for personal safety and working within the provisions and guidelines of the HSEQ process - es.Ensure effective communication between the cost function and key stakeholde
- rs.Ensure compliance with cost function processes, and regular review of same to ensure fit for purpose, and simple solutions are in effe
- ct.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 Compa
- ss.Ensure maintenance of the Oracle syste
- ms.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 clie
- nt.Updating the project cashflow with the project manager and submission to finance as required highlight any major deviation/variance from the initial project cash profi
- le.Prepare estimates and assessing the cost impact of any change, Monitor the actuals of all project chang
- es.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 positi
- on.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 foreca
- st.Participate in project cost performance meetings as requir
- ed.Support the project cost close-out process and ensure project balance sheet is cle
- ar.Prepare monthly project review cost slides for PMT (Project Management Team) revi
- ew.Attend Client Project Controls monthly meetings as requir
- ed.Provide updated project budgets and revenue details for business unit budget forecas
- ts.Commitment to Company & Client's Core Valu
- es.Committed to Continuous Improveme
- nt.Excellent communication and interpersonal skil
ls.
Qualificati
- ons:
Experience: Minimum of 10 years experience preferable in major oil and gas projects Role Experience: Minimum of 5 years experience in a Cost Engineer cap - acityEducational Level: Degree qualification in cost management. quantity surveying, engineering or si
- milarAdvanced Excel skills in addition to experience using cost estimation and risk analysis sof
- twareMust have thorough understanding of project execution process and can interpret contract terms, conditions and specifica
- tionsMust be familiar with total cost management techniques and cost engineering prac
Skills
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