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  • Job reference: RMS0127052

Cost Engineer - Senior II

  • Sector: Oil & Gas
  • Location: Houston
  • Job type: Contract
  • Date posted: 25/06/2013
  • Time left:
    d h m s
This vacancy has now expired.
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The Role:
The Cost Engineer will play a key role in delivering a complete suite of cost control services and financial support to GPO Technology. The individual will be assigned to Project 20K™ which is a project to develop the capability to explore, appraise and produce hydrocarbons from reservoirs with pressures greater than 15,000psi (the industry limit) and up to 20,000psi. The project is currently in Select.

This role will be based in Houston
Segment Exploration & Production

• Implement Project Cost Control strategy, plans and procedures. Resolve issues relating 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 development of Project Execution Plan.
• Participate in the development of estimates and studies within a project stage and for sanction.
• Coordinate and/or develop appropriate control budgets consistent with project estimate and WBS/CBS.
• Monitor costs, collect and compile progress and cost data, develop cost control worksheets and reports for review by delivery teams.
• Review and audit contractor cost control procedures and practices.
• Perform quality assurance on the contractor's cost management system, and performance vs budgets.
• Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data. Coordinate assessment of Value-of-Work Done, and Commitments, and Forecast final Cost.
• Coordinate and/or develop project annual spend projections, cost reconciliations and variance analysis.
• Assist and/or prepare performance management data for reporting.
• Provide interface to other functions and teams to improve processes, resolve conflicting priorities and ensure adherence to best project practices.
• Work with Financial and Accounting function to ensure processes implemented conform to Governance requirements

Essential Skills / Qualifications:
• Project control or project management experience on large projects.
• Moderate or better experience level with cost management tools, (not just spreadsheets).
• Familiar with the difference between accrued expenditures (“Value of work done“) and cash flows.
• Ability to organize and prioritize work and meet deadlines.
• Ability to recognize and solve problems.
• Analytical ability combined with good interpersonal and communication skills
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