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  • Job reference: RMS0148346

Lead Cost Specialist

  • Sector: Oil & Gas
  • Location: Tengiz
  • Job type: Contract
  • Date posted: 04/10/2014
  • Time left:
    d h m s
This vacancy has now expired.
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The Company:
A major Oil & Gas Operator with extensive projects in the Caspian Region.

The Role:
Creates, administers and manages Project cost control & accounting functions.
Implements, administers and maintains cost control systems and procedures to track and report the Project budgets, commitments, expenditures and forecasts• Allocates budgets in based upon the WBS and the Project cost estimate. Works with the team to breakdown the cost estimate per the WBS.
Facilitate development of cost control reports which are in alignment with the work breakdown structure, and invoicing that will allow cost trends to be monitored.
Records and monitors all projected spending and commitments made against the
Project budgets, including: Project personnel costs; direct company costs; third party contracts/studies; and in-country costs.
Receives, allocates and reconciles Project expenditure information from accounting on a monthly basis. Monitors, controls and forecasts monthly expenditures and work progress for the Project.
Calculate monthly and annual WIP, final cost forecasts and budget shifts.
Update project report with current cost data.
Provide cost expenditure phasing for current year
Complete the year-end close and accruals statement
Develops ad-hoc cost reports to establish the AFE budgets, Project progress; expenditures booked and forecasted spending for each Project AFE.
Develops ad-hoc cost reports to establish annual budgets, Project progress, expenditures booked and forecasts for each year, and generate annual cash flow assessments per the annual budget.
Develop and maintain Kazakh benchmarks for the project
Ensure a detailed post project evaluation is conducted.
Ensure all financial/contractual issues are resolved; ensure the project close-out procedure’s implementation.
Maintain and modify Delegation of Authority Matrix, Ariba DOA Levels, Ariba approval Routes
Oversea the Change Management Procedure and Site Cost Control Procedure
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