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  • Job reference: RMS0104268

Cost Engineer III

  • Sector: Oil & Gas
  • Location: Houston
  • Job type: Contract
  • Date posted: 10/01/2012
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The Company:
Our major oil and gas client is seeking a Cost Engineer III for a one year opportunity with a major operator in West Houston.

The Role:
Develop the project cost control strategy, plans and procedures, reflecting both company and contractor roles and responsibilities, Adhere to the segment financial, business and project processes; Address issues pertaining to project cost control procedures; Coordinate development and implementation of project work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with Project Lead and Project Planning/Scheduling Engineer; Participate in the development of project execution plans; - Participate in the development of estimates and studies within a project stage and for sanction; - Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS; - Implement and monitor costs within each project stage and for entire project until completion or close-out; Collect and compile progress and cost data, and develop cost-control worksheets and reports for review by delivery teams; Provide cost input to commitment close-out process; Review and audit contractor cost control procedures and practices; Perform quality assurance on contractor cost-management performance; Ensure the development of estimates and studies within a project stage and for sanction. Coordinate or develop appropriate internal and external benchmarking and technical limits; - Coordinate preparation of cost risk analysis; Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data; Provide cost input to and implement the cost element of change management procedure; Provide cost input to and implement the cost element of risk management plan; Coordinate the development of risk mitigation plans as delegated; Link risk process to change process and estimate; Coordinate and develop project work-in-place (WIP), commitment and estimate at complete (EAC) forecasts; Coordinate and develop project annual-spend projections, cost reconciliations and variance analyses; Prepare project authorization for expenditure (AFE) in concert with Project Lead and monitor AFE approval process; Assist and prepare cost performance management data; Provide interface to other functions and teams to improve processes, resolve conflicting priorities and ensure adherence to best project practices; Work with Financial Control and Accounting function to ensure implemented processes conform to internal control evaluation (ICE) requirements; Prepare and implement project-wide cost measurement and reporting system, including roll-up levels and reporting cycle calendar; Develop and issue various reports to appropriate stakeholders; Develop project close-out plan; Work with business unit or project controller and accounting function to ensure adequate financial controls;

Essential Skills / Qualifications:
Extensive project control or project management experience on large projects, strong experience with cost management tools, ability to prioritize and meet deadlines
Bachelor’s degree required
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