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Home » Africa Other - Petroleum and Energy » Lead Cost Engineer

Lead Cost Engineer

Company	An International Independent Oil & Gas Company	Experience	more than 15 years
Date	2009-11-08	Salary	Competitive
Category	Engineering, Procurement & Construction (EPC)	Start date	Asap
Region	Africa Other	Duration	Initially 1 year (Renewable Annually)
Location	Lagos	Country	Nigeria
Description of Lead Cost Engineer	An International Independent Oil & Gas Company is currently recruiting a Lead Cost Engineer. Objectives: • Develop and ensure structured, consistent and accurate cost control, reporting and estimating for the Facilities department. • Maximise the use and integration of cost control and estimating systems. • No direct responsibility but indirectly annual Facilities budget can be in the order of $US 100 – 500 million. The responsibilities of this position include, but are not limited to the following: • Provide support to individual Project Managers (PM’s) in establishing and maintaining up to date Authority For Expenditure (AFE) and related supporting documents including variance analysis of cost over/underuns. • Monitor expenditure monthly on a Value of Work Done (VOWD) basis for all ongoing Projects(contracts) and department/team budgets and in conjunction with Project Engineers (PE’s)/PM’s produce cost forecasts (latest estimates) to provide timely notification of potential over/underruns against approved budgets (AFE’s). • Produce monthly/quarterly/annual variance and trend analysis expenditure reports and explain key cost movements with respect to commitments, actuals (VOWD basis), latest estimates against plan as agreed with responsible PM’s. • Provide support to PE’s/PM’s to establish and maintain cost progress S-curves (inclusive of actuals, forecasts, and commitments) for all ongoing Projects. Prepare overall department rolled up reports on the same basis. • Produce cost reports and presentations suitable for management (monthly, quarterly and annually) as required, giving planned, actual and forecast costs, for all ongoing projects and contracts, in line with the agreed AFE’s/WBS. • Produce other ad-hoc reports and presentations on cost information that may be required from time to time. • Review and verify monthly accruals as produced by Project Accountants/PE’s to ensure that they are correctly align with VOWD reporting against AFE’s and overall budgets. • Establish and maintain procedures for Cost Control, Reporting, Estimating, and Budgeting (in conjunction with Finance). • Coordinate in conjunction with PE’s/PM’s the preparation of the departmental annual Work Programme and Budget (WP&B) submission and reporting against the same. • Develop and maintain a Cost Estimating system (including Cost Breakdown System), including a database of historical project costs, and provide cost estimating support to PE’s/PM’s for new projects / project variations and to assist in forecasting of costs to completion. • Develop and maintain a system for storage and retrieval of Facilities departmental budget and cost documents. • Provide support to PE’s/PM’s in their preparation of proposals to TB for both new contracts and contract variations to cover cost over/underruns. • Review and audit contractors’ cost management and reporting procedures for all new contracts. • Establish and maintain close interface liaison with both assigned Project Accountants and Company Finance/Budgeting team. Key Performance Indicators/ Performance Goals: • Maintain accurate tracking, analysis and reporting of departmental budget performance at individual Project/AFE level to ensure that cost overruns are indentified prior to incurring any unauthorized expenditures. • Prepare the cost input to the departmental monthly report by the 10th working day of the following month. • Prepare the departmental annual WP&B submission by the dates set within the Company WP&B time table.
Skills required for Lead Cost Engineer	• Minimum 15 years experience as a Cost Engineer within the Oil and Gas industry. • Full capabilities in MS Word, MS Excel, MS Power Point. • Familiarity with Cost Control/Estimating software and systems preferred. • Membership of a relevant Professional Institution preferred but not essential. • Minimum of 2nd Class Honours University degree in an engineering or relevant technical discipline.
Remarks	• Work schedule: 6:2 Weeks. • Reports directly to Coordinator Project Services. • Supervises: Cost Engineer and Cost Estimator, with strong functional link with Project Engineers/Project Managers. Please mention current contact numbers and expected day rate in the cover letter and update current resume on the system.
Reference Nr	MDDXB 175
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