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  • Job reference: RMS0207391

Cost Engineer

  • Sector: Oil & Gas
  • Location: Sutton, Surrey
  • Job type: Contract
  • Date posted: 04/03/2019
  • Duration: long term
  • Time left:
    d h m s
    (15/04/19)
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The Role:
The Project Cost Engineer reports to the Cost Team Lead. The Project Cost Engineer will provide support to the Cost Team Lead in providing robust cost control services across.

The Project Cost Engineer is accountable for providing robust Cost management and reporting for Onshore / Owners Costs including Onshore E&P, Owners PMT and Owners Non PMT 3rd Party (GPO Allocations, Pre Ops + 2 Year Ops Spares, Subsurface, Onshore, Central, HSSE). A key part of this role is to provide PGMs / Delivery Managers with accurate forecast final costs and phasing to compare against FMs / budgets and to provide early warnings of potential over or under runs to help influence cost outcomes.

The Project Cost Engineer will work closely with the Onshore EPCI contractor (Home Office) to ensure accurate, detailed cost reports are issued monthly. Analysis of contractor cost information is completed by the Cost Engineer to feed Project reporting and early identification / analysis of trends is undertaken.

The Project Cost Engineer is responsible for all Project Services Cost Tool updates, Project reporting and work with the Cost Lead in development of cost related M&T deliverables


Detailed Roles and responsibilities
* Manage handover and transition from previous Project Cost Engineers
* Accountable for the development of a robust Onshore / Owners Cost management system ensuring that cost reports are produced, reviewed and published in a timely manner.
* Accountable for ensuring that the Project Services Cost Tool includes Onshore / Owners current budget, commitments, AFEs, Actuals / Accruals, AWP&B, QPF/ BPE information as agreed with Finance and Cost Engineering Team Lead
* Accountable for the maintenance of the Project Services cost tools including interface with financial / commitment systems and M&T dashboard
* Provide regular and reliable assessments of the value of work done ensuring that accruals stand up to audit.
* Work in close collaboration with the Onshore / Owner Costs Delivery Managers to ensure all cost reports and cost performance information is underpinned by robust assumptions and analysis
* Develop and update Onshore / Owners budgets for both annual and total project workscopes. Provide Performance Management reports that track Costs quarterly spend against budget. Manage UAP and ensure drawdown is approved by VP / PGMs
* Update 2 Year Ops Spares Forecast and support contract admin
* Update Travel Forecast and QPF submissions. Produce regular Travel Report
* Prepare AFEs and other cost control documentation as required.
* Provide ongoing commitment and expenditure tracking and control, ensuring compliance with project WBS and budgets. Provide Admin / Backbone support
* Identify and quantify actual and potential Forex impacts
* Develop Partner AWP&B, reports and variances analysis
* Prepare Partner Cash Calls
* Establish and maintain the project cost reporting calendar. Co-ordinate development to include Partner reviews, Monthly Performance Reviews, Quarterly Performance / BPE updates, Accruals etc
* Support Close Out of a Project including contract close out, Finance system reconciliation, benchmarking, IPA and shared learning

The Company:
Our Client is one of the world's largest energy companies with over 95,000 employees in 100 countries around the world, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. Our Client's brand has grown to become recognised worldwide for quality gasoline, transport fuels, chemicals and alternative sources of energy such as wind, solar and biofuels. Our Client is progressive, responsible, innovative and

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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