The position holder shall be responsible for managing costs through integration of cost data and cost control processes (i.e. cost reporting, forecasts, commitments, budgets, VOWD, variance analysis, contingencies, period close & reconciliation, earned value progress, trend analysis, invoices processing, etc.) and tools by working with project stakeholders (i.e. project management & leads, HQ, Finance & JVA, vendors & subcontractors, partners, etc.).
Overall responsibility for cost control activities including:
- Review, monitor and analyze committed, expended, earned values, and forecasted costs for package against approved budget and approved changes
• Coordinate with Package Team Leads to review data to ensure commitments, schedule requirements, and risk items are accurately represented in the project forecast
• To establish a suitable Budget and Cost coding structure - complying with Governing Agreements (LLCA/PSA), GRP, PJC, the Group's and Project Management reporting requirements and rules for all phases of the Project.
• To prepare / coordinate / consolidate and review the various Project budgets and updates (internal and external / Annual and Multiyear) with inputs from the members of the Project Team, and provide "ad hoc" economics support as required.
• Prepare cost reports; ensure variances, incurred, committed, budgets, and forecasted costs are properly explained and communicated to the project team
• Track use of contingency, management reserve, and approved changes to project budget
• Analyze, track, and report project (or contract specific) financial KPIs, and communicate their status to the project team
• Participate in project meetings when required; gather, prepare, and analyze data for Risk Assessments; ensure risk information is incorporated into the project forecast
• Support contracts and procurements for bidding, tendering, contract selection, and change management as required
• Document processes and procedures as required by project, JV or HQ directives
• Identify opportunities for improvement to forecasting and other project cost control methodologies and document as lessons learned
• Promote a culture of safety, health, and environment
• Participate in project digitalization to promote efficiencies, synergies, and simplification
• To provide the necessary checks, approval functions for invoices submitted, in accordance with Contracts, Project & Company procedures, Sarbanes & Oxley requirements and DoA
• Participate and coordinate cost control tasks involved in the monthly closure exercise
• To provide input regarding payment schedules (cash calls)
• To liaise actively with Finance Department for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes...) and to ensure strict confidentiality of all the Budget and Cost documentation
The job holder will have to liaise actively with Project Management and related Package and Line Managers for the performance of the above duties.
• The job holder is also accountable for demonstrating an exemplary behaviour with regard to HSSE rules & requirements, with regards to the Company Ethics and "Code of Conduct" policy and for implementing and controlling these rules and requirements within the said area of responsibility. This includes coordinating all SOX controls related to Cost Control.
- Bachelor's degree in business management or similar, or corresponding professional experience
• Min of 10 years' experience in complex offshore project Cost control
• Detailed-oriented
• Ability to take ownership of projects and tasks, work independently and follow through on assignments with minimal direction
• Excellent written and verbal communication skills
• Strong time management skills and ability to multi-task and prioritize work
• Proficient in Microsoft Office suite
• Major Energy project developments knowledge and experience, with Partner and Government reporting interfaces
• Excellent organizational ability and commitment to meeting deadlines
• Requires team spirit with ability to work closely with various stakeholders including but not limited to diverse international teams, vendors & subcontractors, affiliates, HQ, etc.
• Strong communication and proficient presentation skills
• Knowledgeable and experienced with cost engineering principles and methods including budgeting and forecasting, change management, management systems/procedures, Cost and Work Breakdown Structures, Earned Value Systems and contingency management.
• Budget and Cost Control tools : SAP, Excel, PowerBI, and any other commercial project cost control tools
With over 90 years' combined experience, NES Fircroft (NES) is proud to be the world's leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining, Automotive and Chemicals sectors worldwide.With more than 100 offices in 45 countries, we are able to provide our clients with the engineering and technical expertise they need, wherever and whenever it is needed. We offer contractors far more than a traditional recruitment service, supporting with everything from securing visas and work permits, to providing market-leading benefits packages and accommodation, ensuring they are safely and compliantly able to support our clients.
