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  • Job reference: RMS0103974

Lead Cost Engineer - Houston

  • Sector: Oil & Gas
  • Location: Houston
  • Job type: Contract
  • Date posted: 09/01/2012
This vacancy has now been filled.

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The Company:
Our Client is a Global Leading Oil & Gas Operating Company

The Role:
The Cost Engineer will play a key role in delivering a complete suite of cost-control services and financial support for projects.

In this position you will be accountable for: -

- Develop the project cost control strategy, plans and procedures, reflecting both Client 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 (FC&A) 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:
- Legal authorization to work in the US
- Extensive project control or project management experience on large projects
- Moderate or better experience level with cost management tools
- Ability to organize and prioritize work and meet deadlines
- Ability to recognize and solve problems
- Analytical ability;
- Minimum of a bachelors degree required
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