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  • Job reference: RMS0105059

Senior Cost Engineer

  • Sector: Engineering
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 16/01/2012
This vacancy has now been filled.

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The Role:
Responsible for the coordination and oversight of all cost management, cost reporting and cost analysis on a major development.
The Cost Engineer’s role is to support the Project Manager in the day to day management of the Project.
Duties will consist of recording of commitments within the appropriate Cost system and monitoring expenditure against the commitment, ensuring commitments and invoices are correctly coded, adequate funding is always in place and forecast costs are properly calculated and managed.
Monitoring timewriting for Project Personnel, ensuring approved personnel are timewriting correctly and in a timeous manner, and monitoring/rejecting timewriting for non-approved personnel.
Liaise with project personnel (including Site personnel) on cost related matters such as progress, milestones, variations on a contract by contract or well by well basis. The preparation of monthly Cost Reports, which includes the following;-
o Ensure all Commitments and invoices have been recorded
o Ensure all timewriting has been recorded
o Ensure Value of Work is re-evaluated based on most current data.
o Interrogate data received from other team members.
o Re-forecast estimate to complete/Forecast Final Costs and identify any area of concerns such as budget overruns, work/delivery slippages etc. which may impinge upon other cost areas.
o Ensure Forecast expenditure phasing is aligned to current plan and also reflects data received from other discussions held with project team members.
o Conduct trending analysis and generate additional graphical reports when required. Take part in Project Monthly Performance reviews as required. Assist in preparation of AFE’s (Authority for Expenditure) as and when required.

Essential Skills / Qualifications:
Good written and oral communication skills.
Ability to interact at all levels
Articulates views in comprehensive manner
Produces work of presentable quality
Ability to adapt to new processes/software
Good organisational skills and smart working methods
Self-motivated team player with excellent interface skills at all levels.
Has good working knowledge of working with Operator Cost Control & Financial Systems.
Experience and awareness of Project components such as Project Management, Subsea, Topsides, Drilling, Subsurface and Financial.
Extensive working knowledge of Cost Control – WBS structures, Budgets, Allocations, Commitments, Value of Work, Forecasts and Estimated Final Costs.
Management of Project provisions – Use of Growth Allowances & Contingency Allowances.
Preparation of Project Reporting – Internal & External.
Experience of Vendor Management – Interface/Reporting/Milestones
Experience of Change Management – Variations.
Experience of Project Estimati
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