Cost Engineer
2 weeks ago
Contract Type: Fix Term with One Year
Main Responsibility :
- Acquire advanced knowledge of potential expenditures in order to identify potential overruns early enough for the Project Manager to take proactive corrective actions as required; analyze project expenditure and develop cost trending.
- Analyze all available data to determine causes of overruns and underruns.
- Create a cost-conscious atmosphere so that all persons working on a project are aware of how their activities impact the project cost, including all applicable contractual issues.
Main Missions :
- Apply and adapt corporate cost control methodology to the project.
- Establish the initial budget including all relevant technical, cost data, and assumptions from the estimating phase.
- Interface with Planning, Contracts, Purchasing, Engineering, Construction, and Accounting team members for commercial and technical input.
- Minimize project costs by looking at all activities from a cost reduction perspective.
- Prepare cost estimates for possible design and project execution changes.
- Analyze the project budget, the technical and commercial data using trending and earned value in-house methods to prepare the monthly project cost forecasts.
- Prepare the Project Forecast on a monthly basis and consolidate results in the Cost Control Monthly Report (Forecast, Areas of concern, VOs, Budget Variance analysis, etc.).
- Assist in the formulation of Project Financial Reports destined for the Senior Management of SBM.
- Identify and prepare Project Variation Orders for approval by the Project Manager and submission to the Client.
- Provide cost information to either verify the validity of suppliers' change requests or as input to change requests to the Client.
- Prepare monthly manpower forecasts.
- Provide commercial and financial input to the project reports destined for the Client.
- Ensure good quality of cost information is provided to the Corporate Estimating Department on a regular basis for continued implementation of norms and benchmarking.
- Project cash planning.
Job Requirements
School/Studies/Degree :
- Bachelor/Diploma equivalent in a technical discipline.
Experience:
- Minimum of 5 years' experience in the offshore shipbuilding industries in estimating or project.
Specific Skills / Expertise / Product :
- Proficiency in software and Microsoft Excel.
Behaviours & Inter-Personal Skills – Key Points
- Execution (Engineering & Construction).
- Fluent in written and spoken English.
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