Cost Engineer

2 weeks ago


Kuala Lumpur, Kuala Lumpur, Malaysia SBM Offshore Full time

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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