Manager Cost Controls
1 week ago
Our ingenuity fuels daily life.
Together, we've forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality:
laying subsea infrastructure thousands of feet below sea level, installing offshore platforms hundreds of miles from shore, and using our expertise to design and build offshore wind infrastructure.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.Here, what you do matters.
**Job Overview: **Manage a large team of cost engineering resources, including assignment to projects, goal setting, development plans, mentoring and training. plans, mentoring and training. Manage all business line reporting activities on a monthly, quarterly and ad-hoc basis; Prepare and/or review project and portfolio cost sensitivity, assist with development of cost saving and revenue generation opportunities. Development or review of execution scenarios or business cases involving multiple projects to assist with decision making. Suggests, developments and implements process improvements. Is able to work in multiple time-zones and travel on as required basis.
Key Tasks and Responsibilities:
Cost Control:
- Ensure that the costs from the "assold" bid cost summary are broken down into the standard Work Breakdown Structure line items; ensure that budgets and the chart of accounts are distributed and explained to the budget managers.
- Ensure that the budgets are controlled before the cost commitments are made and the commitments are tracked once they are made.
- Participate in critical procurement and subcontract evaluations and negotiations to ensure cost, cashflow, warranties/guarantees and schedule requirements are adequately addressed.
- Assist the management in making "make or buy" and "subcontract or do it yourself" decisions. Ensure that the costs are being continuously collected in such a manner that feedback to estimating is possible at any given point of time.
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Forecasting:
- Responsible for maintaining accurate cost and revenue forecasts for the portfolio.
- Conduct monthly budget reviews with various functional leads and package managers, perform Cost Sensitivity analysis and provide forecast updates.
- Review risk and opportunity registers on an ongoing basis to ensure strategies are developed for risk mitigation and optimization of opportunities and these are adequately addressed in the project forecasts.
- Review and manage "contingencies" as per guidelines.
- Ensure that the forecasts are accurate and timely.
Risk and Opportunity Management:
- Assist projects to identify commercial / schedule / interface risks & opportunities.
- Assist the project teams to evaluate impact of commercial risks & opportunities and develop risk mitigation strategies and profit improvement plan for management review.
- Where multiple execution methods are available, evaluate options and develop costs, risks, and opportunities scenarios to assist management arrive at informed decision.
Change Management:
- Assist projects to implement robust change management process and seek compensation for client driven changes.
Essential Qualification and Education:
- 15+ years experience in Project Management, Project Controls or cost management roles.
- Engineering degree preferred
- Demonstrated career progression in owner/contractor organizations having supported Project management in development and execution of large scale offshore / subsea projects from inception to close out in multifaceted contracting environment.
- Specific experience of SURF projects would be an advantage.
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