Cost and Controls Engineer

Responsibilities

• Develop and maintain accurate and detailed cost estimates (CAPEX and OPEX) for major projects and portfolio projects at all project stages - from feasibility, concept, and FEED through to execution and close-out.
• Work with project teams, discipline engineers, procurement, and contractors to collect data, validate assumptions, and integrate technical and commercial inputs into estimates.
• Implements cost management and reporting processes for project execution plan.
• Responsible for setup of project WBS in the cost forecasting tool, with proper tracking through purchase orders.
• Responsible for preparation of project budgets.
• Integrate scope growth, addendum and variation into the project forecasts.
• Establish and implement effective cost control systems to track actual costs, commitments and forecasts against the approved budgets.
• Ensure that all cost estimation and control activities adhere to company policies, procedures and industry standards.
• Contribute to lessons learned, continuous improvement, and the development of best practices in cost engineering for future major and portfolio projects.
• Support development of probabilistic cost analysis.
• Validate all supplier and contractor invoices, ensure proper approval for payments.
• Responsible for reconciliation of cost forecasting tool and accounting tool of record (SAP/GSAP).
• Closing of each project WBS to meet financial requirements including closing of Purchase Orders.
• Set up vendor files, rates, and contract terms and conditions.
• Assist Contracts and Procurement (CP) with contractor reporting requirements and ensures appropriate language in contracts.
• Gather all committed cost data into project cost forecasts.
• Analyzes all costs, highlights concern and communicate all exceptions to stakeholders.
• Responsible to track planned vs actual spent against estimate during project execution.

Requirements

• Minimum 5 Years experience in cost engineering, quantity surveying or project controls.
• Bachelor's Degree of any conventional Engineering Discipline, Project & Construction Management or Quantity Surveying.
• Experience with budgeting, contract, and procurement management.
• Written and verbal communication skills.
• Works effectively in a Team environment and build consensus.
• Computer skills - PowerPoint, Word, Outlook, GSAP, Excel, Project Controls Tools .
• Leadership and coaching skills
• Create and manage change

Additional Information

The Cost Enginee r develops project budgets and cost estimates for all phases of a project in the oil/refinery/process industry. Responsible for controlling, forecasting and reporting project costs for Projects works.

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