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.

Company’s finance and treasury departments by timely and accurate project financial planning,

forecasting, budgeting and modelling.

The Cost Engineer would develop the role further in acting as the crucial link between projects and the

• Data manipulation analysis.
• Present project costs to Directors.
• Ensure relevant reporting of data related to VOs.
• 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 forecast.
• Liaise internally with project managers, department heads and budget holders.
• Monitor KPIs and identify the cause of any unexpected variances.
• Prepare monthly cashflow and reforecasts.
• 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).
• Participate in monthly project cost review meetings.
• 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.
• Collaborate directly with the finance department in ensuring the efficient flow of critical data to ensure the accurate and timely company month-end reporting and forecasting.
• 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.
• Set-up Cost Management System in line with estimate.
• Develop financial models and analyse them to support strategic initiatives.
• Review project Purchase Orders and Invoices.
• Assist with the implementation of a business intelligence tool and dashboard reports.
• 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.
• Assist with ensuring approved procedures are in place, adhered to, appropriate and are maintained.
• 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.
• Timely and accurate completion of weekly and monthly cost reports.
• Complete and communicate tender feedback forms to the commercial department promptly.
• Management of the Cost Management System.
• 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.
• Experience in a similar role within industry.
• Good communication skills.
• Educated to Degree level or equivalent.
• Minimum of HNC/HND ideally in a cost related discipline or relevant experience.
• Relevant experience in Project Controls.
• Ability to reconcile cost information 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.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance