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  • Job reference: RMS0101761

Cost and Risk Analyst

  • Sector: Engineering
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 20/02/2012
This vacancy has now been filled.

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The Company:
Our client a Major International Oil and Gas Operator require a Cost and Risk Analyst.

The Role:
The Cost and Risk Analyst provides analysis and support to management to facilitate decision-making. A key role in supporting and administrating the risk function in order that the risks and opportunities are fully anticipated, identified, reported and controlled leading to a successful project delivery. In addition the role will challenge costs and ensure all effort is made to optimise the value for money and maintain expenditure within Budget.

• Anticipate and identify risks and opportunities to project delivery
• Capture experience of the project team
• Liaise and Monitor EPCI contractors to ensure that they manage project risk and capture those contractor risks that constitute a wider risk to the project.
• Assess risks using tools of a complexity that is commensurate with the scale of the risk
• Liaise with Third Party Contractor providing Risk Analysis, modeling and reporting
• Co-ordinate, administer and maintain the project risk register
• Monitor risk through life of project to highlight high and growing risks
• Communicate risks to the project management team and assist them in managing those risks
• Assist in the preparation of budgets and forecasts ensuring that appropriate levels of costs are included and be prepared to challenge cost estimates where appropriate.
• Analyse actual costs and forecast expenditure as directed and provide details on variances between budget and previous forecast.
• Assist in the preparation of Contracts and provide challenge to the commercial and reimbursable terms.
• Responsible for AFE control and reporting
• Review cost allocation & charge-back mechanisms periodically, in conjunction with customers to ensure these remain equitable in a changing business environment.
• Responsible for the management of the Project Organisation Costs; allocation and monitoring under/over recovery.
• Responsible for the management of minor Contracts (less than £100m) as delegated; providing contract compliance and cost control to the Contract Managers
• Regular reviews with the Project Control Manager of the Project Manpower Headcount and Forecasts; liaising with HR and Package mangers to revise and update Organisation Budgets, including the direct contracted personnel within each package :comparing forecast expenditure against budget, highlighting anomalies, whilst helping promote cost consciousness
• Work proactively with peers within the department to ensure that data sent from the department is validated, timely and approved by the relevant personnel and in turn that data used from external departments is approved by the relevant authority in those areas.
• Responsible for providing back up to the Cost Administrators with Contract Representatives for amendments to commitments as and when required.
• Progress invoice approval with technical and financial authorities
• Ensure correct coding is applied to all cost commitments
• Provide support in each of the areas within Cost Control as required
• Assisting in the preparation of departmental budgets and review of the Budgets for the Packages as delegated by the Senior Cost Controller
• Cost reporting and analysis.
• Providing financial information and support to managemen

Essential Skills / Qualifications:
• Graduate with 5-8 years relevant experience in the oil/gas industry
• Detailed understanding of risk and costing.
• General understanding of the oil and gas industry
• Analytical skills with a knowledge of financial analysis techniques and economic measures
• Computer literate, with experience of SAP, Excel and PowerPoint)
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