Cost Engineer

Description

The Cost Engineer is responsible for providing cost management support to the Project/Company and will monitor, control, and forecast the costs during the Project lifecycle.

The Cost Engineer would develop the role further in acting as the crucial link between projects and the Company’s finance and treasury departments by timely and accurate project financial planning, forecasting, budgeting and modelling.

• Data manipulation analysis.
• Present project costs to Directors.
• Management of the Cost Management System.
• Liaise internally with project managers, department heads and budget holders.
• Collaborate directly with the finance department in ensuring the efficient flowof critical datato ensure the accurate and timely company month-end reporting and forecasting.
• Monitor KPIs and identify the cause of any unexpected variances.
• Prepare monthly cashflow and reforecasts.
• Complete and communicate tenderfeedback forms to the commercial department promptly.
• Develop and continually improve project budgeting, financial projections and operating forecasts.
• Assist with the delivery weekly and monthly updates to key stakeholders as required, including minutes and action items.
• Weekly and monthly cost reports (cashflow, actual costs to date, forecasting).
• Update project cost report in line with DPR’s.
• Prepare monthly project cost reports and review with Project Managers.
• Assist with the development, management and maintenance of an appropriate cost model system to ensure timely, well-adapted, and accurate reporting.
• Set-up Cost Management Systemin line with estimate.
• Ensure timely and accurate reporting to all stakeholders, including AC, ETC, EAC, variance analysis, risk analysis, threats and opportunities, forecast by general ledger, accruals, and cash flow fore cast.
• Manage cash flow, reporting, and liaising with treasury on cash flow forecasting.
• Liaise internally with Project Managers, Project Team, Contractors, and department heads to attain accurate project forecast.
• Develop financial models and analyse them to support strategic initiatives.
• Ensure the timely flow of information for reporting purposes, including data collection (POs, purchase invoices, timesheets, schedule of works, day rates, DPRs, contracts, subcontracts, etc.)and liaising with project departments.
• Review project Purchase Orders and Invoices.
• Ensure data is correct and accurately input into the CMS for projects; review labour summaries, review project POs, supplier invoices, project schedule, day rate build up etc.
• Assist with ensuring approved procedures are in place, adheredto, appropriate and are maintained.
• Timely and accurate completion of weekly and monthly cost reports.
• Ensure relevant reporting of data relatedto VOs.
• Assist with the implementation of a business intelligence tool anddashboard reports.
• Participate in monthly projectcost review meetings.
• Ad-hoc business performance reporting.

Requirements

Demonstrable Experience Specific to Role

• Timely and accurate flow of information.
• Breadth of experience across project lifecycle.
• Data manipulation analysis/cost reconciliation.
• Good organisation skills.
• Minimum of HNC/HND ideally in a Cost relateddiscipline or relevant experience.
• Good communication skills.
• Relevant experience in ProjectControls.
• Educated to Degree level or equivalent.
• Ability to reconcile costinformation as it applies to the project.
• Strong commercial awareness.
• High attention to detail.
• High level of numeracy and excellent analytical skills.
• Strong working knowledge of MS Office systems.
• Experience in a similarrole within industry.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance