
Senior Cost Estimator
1 week ago
Job Summary
We are seeking an experienced Cost Estimation Specialist to join our team. This is an exciting opportunity for a motivated individual to take on a key role in project delivery.
About the Role:
- Develop and maintain accurate and detailed cost estimates (CAPEX and OPEX) for major projects and portfolio projects at all project stages — from feasibility, concept, and FEED through to execution and close-out.
- Key Responsibilities:
- Build and maintain cost models, databases, benchmarks, and norms specific to major and portfolio projects to enhance estimation accuracy and competitiveness.
- Develop and manage project budgets, ensuring alignment with approved funding, project scope, and execution plans.
- Develop Estimate Plan detailing how the estimate will be developed.
- Develop Estimate Basis to document how estimate was derived.
- Establish and implement effective cost control systems to track actual costs, commitments, and forecasts against the approved budgets.
- Provide regular cost reporting to stakeholders, highlighting variances, trends, and forecasts with clear explanations and proposed corrective actions if required.
- Support portfolio prioritization and decision-making by analyzing cost implications across multiple projects and proposing cost optimization strategies.
- Evaluate contractor and vendor proposals for cost compliance, competitiveness, and alignment with project estimates.
- Support risk management by identifying cost-related risks and opportunities and incorporating them into estimates, budgets, and forecasts.
- Collaborate with planning/scheduling, procurement, engineering, and construction teams to ensure integrated project controls across major and portfolio projects.
- Prepare cash flow forecasts to support financial planning and funding approvals.
- Ensure that all cost estimation and control activities adhere to industry standards.
Requirements:
- Bachelor's Degree in Engineering or equivalent experience with minimum 8 years industry experience.
- Experience in Front-End Engineering and Execution.
- Experience in oil and gas, preferably downsteam, refinery, chemical plant industry.
- Possess understanding of Cost Estimating and cost control principles.
- Knowledge in the use of cost estimating tools.
- Excellent analytical, oral and written communication skills.
- Good working knowledge of Cost Estimating and control principles, techniques and industry cost estimating / controls tools.
- Practical understanding of all phases of the project delivery process.
- Good networking and influencing skills.
Your Skills:
Influencing Skills, Budgets, Construction, Oil & Gas, Financial Planning, Estimates, Procurement, Cost Estimation for Projects, Refinery, Cost Engineering, Cost Reporting, Cash Flow, FEED, Project Delivery, Cost Control, Project Cost
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