Overview job description:

The Cost Engineer is responsible for providing support to the assets for all cost engineering and estimating requirements within the Major Projects portfolio, inclusive of Subsea & Decommissioning.

Additional support will also be provided to the Assets for Facilities Engineering scopes. With significant spend year on year, this role is critical in ensuring effective cost management across the business. The main responsibilities for this role are cost estimating for Major Projects & Facilities at all levels of project maturity, preparing, analysing and consolidating monthly cost reports for each project, month end postings.

The role is part of the Cost Engineering Team which covers D&C and Major Projects and is part of the wider finance function. The role reports into the Cost Engineering Team Lead. Key stakeholders include but are not limited to the Major Projects Team, Facilities Engineering, Assets, Contracts Team, wider finance teams (internally), as well as external vendors and auditors.

Main duties and responsibilities:

• Actively contribute to the cost estimating for all upcoming Major Projects & Facilities. Engineering scopes, supporting each project as it moves through the stage gate process.
• Maintaining cost control system to track budgets, commitments, expenditure and forecasts for each project.
• Identifying scope uncertainty to determine growth and contingency allowances; identify risk and opportunities as project progresses.
• Interfacing with HQ and Audit support.
• Preparing monthly value of work done and remainder of year/project estimates.
• Contributing to the annual work programme and budget process for allocated work scopes.
• Providing cost support to the project through the internal and external approval process.
• Presenting regular updates on cost performance for Major Projects & Facilities Engineering scopes to project and asset management.
• Collaborating with key stakeholders to ensure delivery of fit for purpose cost reporting to enable business decision making.
• Driving a continuous improvement mind set to ensure efficient and effective processes and value adding reporting.

Applicants to this role require:

• Prior Major Projects & Facilities Engineering cost engineering/accounting experience is essential.
• Prior Cost Estimation experience is preferable.
• Bachelor’s degree (preferable).
• Significant relevant industry experience.
• SAP Knowledge and experience.

TMM Recruitment INDFIN