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  • Job reference: RMS0103402

Cost Engineer

  • Sector: Engineering
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 16/12/2011
This vacancy has now been filled.

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The Company:
My client, a leading oil services company with operations worldwide is looking to recruit a Contracts Engineer

The Role:
Purpose / Role

• Ensuring effective control and reporting of project costs in accordance with all relevant policies and procedures.

Key aims and objectives

• Ensuring that project cost control and reporting is undertaken in a consistent manner and reported in accordance with policies and procedures.

• Maintain and generate accurate cost reports in a form and frequency that ensures those managing the project/ budgets have clear understanding and visibility of the status of expenditure against budgets.

Prime responsibilities and duties

• Maintain and promote a safe working environment

• Preparation and maintenance of project cost control structures

• Monitoring and reporting of costs against Project Target Cost Estimates (TCE’s)

• Allocate costs to appropriate AFE / Cost Centres

• Generating accurate, monthly cost/ manhour reports for all project activities including, where applicable, Client commitments, accruals, actual expenditure to date and forecast final expenditures.

• Create and maintain robust change management processes

• Ensure agreed changes are recorded on a project change register and that applicable data is incorporated into monthly cost reports and forecasts.

• Provide expert advice where requested to validate expenditure including onshore and offshore manhours, actual costs (including vendors and materials) and onshore sub-contracts.

• Provide accrual information to Commercial Administrator in support of internal cost/value reporting activities

• Undertake regular reviews of expenditure against progress and latest estimates by activity, and assessing the impact of cost over/under-runs by preparing trend analyses and options.

• Actively participate in the following meetings - project progress meetings, change control meetings, KPI/ Incentive return meetings, project delivery and cost departmental meetings.

Essential Skills / Qualifications:
• HNC or equivalent in Business Studies /Accountancy

• Excellent PC Skills
• Degree Qualification

• The candidate must have the ability to produce detailed cost reports that can be substantiated and be able to present them in a professional format to the required level of accuracy.

• Appreciation of the importance of cost data collection and analysis.

Personal qualities, aptitudes and skills
Self-managing, effective team member focussed on delivery of actions and making a real impact on efforts to improve performance.

Ability to establish effective working relationships with all levels of the organisation.

Personally promotes an improvement culture through actions rather than words

Ability to organise and prioritise and effectively balance multiple priorities.

Accurate and numerate with excellent attention to detail

Excellent communication and organisation skills

Competencies – role specific

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