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  • Job reference: RMS0106809

Senior Cost Engineer

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 25/04/2012
  • Time left:
    d h m s
    (02/05/12)
This vacancy has now expired.
The Company:
Our Client appears in the FTSE 100 index and is an international energy services company specializing in Oil and Gas and has annual revenues of over £2.6 billion. They believe that it is the people that drive their success, from Project Managers, Project Engineers, consultants to designers and commercial personnel. They work globally employing over 20,000 people on major operations including the UK.

The Role:
Responsible for Cost Control Services including those of Project Estimating (where required), Budget Control, Cost Control and Reporting and Risk Analysis.

Supervisory and Managerial Duties:
• Assigning tasks to Cost Engineer and junior/assistant on a daily basis.
• Managing, Training and Supporting the Business Services Graduates.

Main Duties:
• Understand the corporate and contract specific cost procedures and carry out all work in accordance with these.
• Study and understand all relevant project documents relating to the cost management of allocated project(s).
• Work with all relevant project and discipline personnel to ensure that cost control procedures are in place.
• Setting up project/projects within Computerised Cost System to agreed format.
• Establishing project control budgets based on the client approved Project Control Estimate.
• Assisting Project Management in identifying and gaining approval of Estimates/ Change Requests.
• Reviewing cost commitment and expenditure information (for all cost elements), for input to the computerised cost control and reporting system on a weekly basis and ensuring that all information received is accurate and correctly input.
• Producing regular cost reports and advising management of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner. Highlighting area's of concern and suggesting area's of improvement.
• Maintaining comprehensive accessible registers of financial approvals, variations and change orders.
• Review project manhours and the allocation of manhours in conjunction with Planning on a weekly basis.
• Liaising with the finance department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification.
• Ensure that all cost related work is in compliance with the contract.
• Maintain rates within Computerised Cost System ensuring they are up to date and all rate uplifts are implemented. Advise Project Management of additional costs involved and assist in obtaining additional approval from client.
• Check that all estimates meet contract requirements and all relevant cost information is fed back to the estimates.
• When Project specific Cost Procedures are in place ensure they have been implemented in full.
• Maintain a good working knowledge of relevant corporate cost software.
• Ensure that adequate control of commitment is in place.
• Support senior and lead cost personnel as appropriate.
• Supervise and encourage junior and assistant personnel, including checking their work.
• Train and encourage business services graduates in the completion of their cost learning objectives.
• Participate in schedule risk analysis as required.
• Ensure that the Corporate and Project Specific Change Control procedures are being adhered to.
• Assist Lead Cost Engineer on reporting how the change control effort is impacting on the project.
• Assist Lead Cost Engineer in advising and training Project Engineering and Management on impact of Change Control on their project.
• And any other duties appropriate to this position.

Essential Skills / Qualifications:
o Degree or HNC with equivalent experience.
o Good general understanding of Cost Management, Estimating and Change Control.
o Knowledgeable in a project controls role.
o High degree of computer literacy.
o Experience in a supervisory role.
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