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  • Job reference: RMS0110442

Cost Engineer

  • Sector: Oil & Gas
  • Location: Houston
  • Job type: Contract
  • Date posted: 08/05/2012
  • Time left:
    d h m s
    (15/05/12)
This vacancy has now expired.
The Company:
Our client, an international major oil and gas operator, seeks a Cost Engineer to join their team.

The Role:
• Implements, administers and maintains cost control system and procedures to track project budgets, commitments, expenditures and forecasts for projects of medium complexity and value.
• Assists in the preparation and review of cost estimates. Develops reporting tracking tools and generates cost reports on regular basis including evaluation of earned value.
• Coordinates the Change Management process for the project. Prepares project cash flow forecast.

• Experience in major capital projects in particular interfacing with FPSO Contractors.
• Support the Cost Management of Phase 3 contracts including engineering services, studies and procurement of long lead equipment. Ensure contractors have implemented effective financial and cost controls.
• Ensure the management of the project controls deliverables on a monthly basis including the cost reporting, trending, Forecast at Completion (FAC) analysis, cost-variance analysis, funding budgets, accruals, and cash flows.
• Manage project progress and cost information: tracking commitments and expenditures and forecasting final costs and cash flows using available software as directed by COMPANY.
• Develop and implement tools for set-up and monitoring of project costs and facilitate improvement of project performance.
• Establish control mechanisms on the flow of project progress and performance information.
• Development of Staffing Plans and Histograms
• Support development of Project WBS and CBS in conjunction with the assigned project schedule and cost estimate. Ensure alignment for easy reporting, reconciliation and Benchmarking.
• Audit cost and schedule trends as detailed in the Project Cost Trending Procedure and evaluate the impact on the forecast and contingency.
• Ensure proper coding and accurate financial information by interfacing with Accounting/Finance and other project team members as necessary.
• Support to invoice and processing and any other finance/accounting function as needed.
• Support the development of project controls procedures and prepare recommendations for improvement, standardization and simplification.
• Provide support/input to preparation of documents like business plans, funding requests (GO-36, SIOP AFE's, SIOP Work Orders), Project Execution Plan, and Decision Support Packages.

Essential Skills / Qualifications:
• Bachelor's degree required in Engineering or Business
• 8+ years
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