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  • Job reference: RMS0097739

Senior Cost Engineer

  • Sector: Oil & Gas
  • Location: Houston
  • Job type: Contract
  • Date posted: 18/07/2011
This vacancy has now been filled.

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Job Title: Senior Cost Engineer
Job Location: Houston
Rate/Salary: Negotiable
Duration: 12 months
Residency: USA

The Company:
Our major oil and gas client is seeking a Senior Cost Engineer for a 12 month opportunity in Houston, Texas.

The Role:
Develop the project cost control strategy, plans and procedures, reflecting both company 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 / cost breakdown structure 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
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 commitment and estimate at complete 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 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
Bachelor’s Degree

About Fircroft:
Fircroft is a leading provider of technical recruitment solutions to a number of specialist industries, active in over 30 countries worldwide. Our key sectors include: Oil & Gas, Petrochemicals & Process, Automotive & Aerospace, Nuclear & Power, Mining & Minerals and General Engineering.

For further information or to discuss any opportunities, please contact Maumita Par at Fircroft on +1 713 235 8100
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