Cost Engineer

Accountabilities: In compliance with Finance & Cost Control methods, processes, and deadlines: Prepare and issue detailed budgets.Responsible for cost control, cost reporting, and invoice processing activities for the EPC package.Supply MP Lead Cost Controller with cost and budget updates for internal and external reporting.Perform quantitative Cost Risk Analysis for the project(s).Develop and maintain the Master Control Estimate/Current Control Estimates (MCE/CCE).Perform all other cost control activities related to the perimeter (CPP).Develop and maintain a database for the Technical Assistance and Services Contracts follow-up.Job Dimensions: Ruya Batch 1 Project involves several EPCIC Contractors executing in parallel over a period of 6 years.Key elements of the Ruya Batch 1 Project: EPCI 9 (SURF): Installation of pipelines (41 pipelines, 250 km of varying sizes from 6” to 22”) and 9 cables for power and control.EPCIC 11 (WHP): 9 Well Head Platforms including piles, jackets, and topsides, with water depths between 60m and 70m.EPCIC 12 (RP): Riser Platform Topside + Jacket + Piles/Grout with interconnecting bridge to existing facilities, including seawater treatment facilities.EPCIC 13 (CPP): Central Process Platform, Living Quarters (200 pax), Flare tripod, and interconnecting bridges to link with existing facilities, fitted with production and utility facilities.The project is a mix of Greenfield and Brownfield development, with significant challenges in integrating new platforms into existing facilities.Activities: Safety & Compliance: Promote and comply with applicable safety instructions and company HSE procedures.Carry out work in line with company values, policies, legal regulations, priorities, objectives, and industry practices.Treat all obtained information with confidentiality.Budgeting: Prepare dedicated yearly and LOP forecasts for the package.Prepare the annual budget and updates in coordination with internal teams and discipline leads.Defend and present the budget performance as required.Monitor budget availability for each commitment.Justify variances between forecasts and budgets.Maintain a register for managing commitments, expenditures, and forecasts for all contracts and purchase orders.Provide input to the PALM (SAP) system for commitments, payment schedules, invoicing, and cost control matters.Coordinate with the Finance department to ensure fair allocation of common costs.Closure: Prepare monthly closure and ensure that accruals in PALM system are in line with project progress.Prepare necessary compliance documents for accruals.Cost Reporting: Issue detailed monthly cost reports (trends, concerns, budget variance analysis, forecasts, etc.) and advise project management on cost over-runs.Maintain auditable records for project expenditures, contracts, budgets, forecasts, etc.Supervise contractor and supplier cost control activities.Provide monthly cash forecasts for the project.Invoicing: Implement efficient invoicing processes and ensure timely payments.Check and monitor invoices with the accounting team to enable timely payments.Organization & Procedures: Develop and communicate procedures for efficient budget and cost control operations.Advise contractors on commercial requirements such as invoicing and cost reporting.Anticipate additional cost control support requirements during project execution.General Responsibilities: Promote cost consciousness within the entity.Ensure confidentiality in handling sensitive data.Liaise with internal and external auditors for cost justification.Prepare cost recovery documentation.Engage with the Finance department for all cost and accounting matters (commitments, invoicing, payments, etc.).Oversee commercial close-out of contracts and archive financial documentation.Carry out any other duties assigned by superiors.Requirements Qualifications & Experience Required: Degree in Economics or a related field.Minimum 10 years’ experience in cost control activities for Oil & Gas projects.Advanced knowledge of computer systems (SAP, Excel, Word, Power Point, Power BI).Fluency in English.Experience with EPC contract mechanisms.Willingness to travel for technical missions globally.Strong communication skills.Ability to work in a complex, multicultural environment.Strong analytical skills.Submission Deadline : Please submit CV's on or before 26th February 2025#J-18808-Ljbffr