Cost Engineer

1. Accountable for Cost Estimation and Budgeting - Prepare detailed cost estimates and establish project budgets based on scope, drawings, and specifications to support PMT.
2. Accountable for Cost Control and Monitoring - Track actual project costs against budgets, analyze variances, and implement corrective actions to ensure cost efficiency.
3. Accountable for Reporting and Forecasting - Develop regular cost reports weekly, monthly, projections, and forecasts to provide accurate financial insights to project managers and stakeholders.

Responsibilities:

• Set-up cost engineering processes and tools.
• Develop and maintain project CBS cost breakdown structure including budget owners.
• Maintenance of project cost model (time phased).
• Preparation of monthly cost reports.
• Cost forecasting.
• Forecast variances analysis.
• Contingency management.
• Change management control including (BT) budget transfers and (BV) budget variations.
• Commitments control including changes.
• Trending analysis
• Collection of information to prepare project benchmarks.
• Calculation of commitments, cost to complete, estimate to complete, accruals and actuals.

Requirements:

• Ideally, 3-5+ years of cost engineering in oil and gas. Proven FPSO expertise is a plus.
• Previous experience with international oil and gas operators is an added advantage.
• Strong knowledge of project management, risk management, and change management.
• Preferred experience in a mid-senior cost engineering role.