Company: Strategic Resources European Recruitment Consultants Ltd
Skills: Accounting, Cost Engineer
Education: Bachelors/3-5 yr Degree
Employment Type: Full Time Contractor
Salary: Negotiable
Location: Aberdeen, United Kingdom

Assistant Cost Engineer


Job Overview

The Wells Assistant Cost Controller Engineer provides cost control support to Well Operations team

Implement and maintain a complete well cost accounting control procedure for the company Wells and Intervention department

Support the Wells/Intervention department AFE/high level budget procedures

Create individual Well/Interventions AFE estimates in conjunction with engineers

Monthly overview and review of issues with Wells Director and Well Operations Manager

Weekly overview and review of costs with Drilling & Intervention Superintendents

Stock and logistics management

Ability to constructively challenge and guide the Wells team with regard to costs

Ensure estimated final well cost is within +/- 5% of actual well cost

Ensure that cost commitment and forecast expenditure is reported on a daily basis during drilling operations and ensuring that all information is accurately and correctly inputted

Ensure that all AP issues are corrected in a timely manner

Ensure that all vendor queries are corrected and challenge quotes

Ensure key vendors provide regular cost reports

Maintain a robust savings register

Check and record correct allocations of shared or common costs

Check vendor invoices are complete, contract compliant and coded correctly

Work and manage external companies when activities are outsourced - ensuring they adhere to company standards and guidelines

Investment tracking and review

Well forecasts UK

Working to all associated Cost Control procedures and processes

AFE tracking and maintenance in SAP

Finance support to upstream functions

Provide support to the Business Finance Planning and Reporting team

Provide internal training to other teams

JV audit process for wells

Completion well reconciliations - ensuring that any variances are identified, investigated and resolved


Competencies and Qualifications

Relevant degree within Accounting or appropriate and verifiable experience within the role at a similar E&P company

Upstream value chain experience

Ability to take the initiative and to work autonomously

Strong technical accounting skills

Analytical and systematic approach with an eye for detail

Open and effective communicator