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Junior Cost Control Engineer

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Subsea Project Operations
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2357 Total Views
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180004GV Requisition #
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JOB PURPOSE:
The Junior Cost Control Engineer is responsible for the management and reporting of all costs and revenues of project he/she has been allocated.
REPORTING LINES AND INTERACTIONS :
Functionally reports to Cost Control Manager.
Operationally reports to part of the project team and report to the Project Control Manager or Project Manager or Project Director.
Key interactions (internally, externally) : -
Internally: Project Financial controllers, Contract Engineer, Planning Engineer, , Project Package Manager, Project Procurement Manager / Buyers, Planner and Engineering project Manager and Lead Engineers.
Externally: Client Cost Engineer in the case of reimbursable contract.
JOB REQUIREMENTS:
Must Have;
  • Degree/ Master in Finance/Business/Engineering or equivalent.
  • Minimum 0 to 2 years of experience of Cost Control depending on project size and complexity.
Nice to Have;
  • Experience in the oil and gas industry.
  • Experience with large companies and an ERP system.
JOB RESPONSIBILITIES:
During contract execution;
  • Responsible to establish the first project budget/forecast based on handover bid from Sales Department.
  • Responsible for the updates of changes to the forecast based on inputs from project. management and other project  team members as applicable.
  • Responsible for monthly Project Cost Report and Project Management Report.
  • Preparation of monthly invoices to Client and follow up works. (including reimbursable items)
  • Evaluate the economic impact of changes/variations in scope of work.
  • Perform economical analysis, forecasts, deviations reports etc.
  • Update cash forecast.
  • Support identification of Threats and Opportunities and mitigation plan.
  • Increase other Departments’ awareness of the Cost Control function.
  • Review of commitments.
- Assist procurement on invoices from Subcontractors /Suppliers.


- Key tasks: the cost controller needs to develop reporting requirements

- Manpower forecasting
  • Vessel  / Construction / Manufacturing / Procurement forecasting
  • Budget transfer and variation order register
  • Budget variance formalization
  • Cost sensitivities analysis
  • Cash Flow
  • Reporting requirements 
ADDITIONAL INFORMATION:
  • Must work collaboratively with all members of the PMT and other Departments within the Company.
  • Ability to work in a team environment as well as independently. Someone who is adaptable to change and a fast pace environment. 
  • Strong verbal and written communication and interpersonal skills required. 
  • Ability to deal effectively with deadlines.
  • Strong knowledge of Group Standards.
  • Ability to analyze project risks and anticipate events.
  • Ability to handle several small to medium size projects (EPC, EPCI, EPCIC) or one medium complex reimbursable projects.
ADDITIONAL INFORMATION
Preference will be given to the local candidates.

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