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Cost Engineer

2 weeks ago

Singapore OCENTRA OFFSHORE PTE. LTD. Full time

**Job Summary
Development and execution of the project cost estimation, and cost plan, monitoring costs, and collecting cost data to ensure conformity with management's budget directives, cost tracking, forecasting, and reporting.

**Duties & Responsibilities**:

- Study and understand all relevant project documents, price schedules, and cost/price components relating to the cost management of allocated projects.
- Establish project control budgets, and cost breakdown structures based on the approved Project Control Estimate.
- Assist the Project Management Team in identifying and gaining approval of Estimates/ Change Requests.
- Perform a variety of cost engineering functions including cost control, budget preparations, forecasting, and cost reporting.
- Compile cost commitment and expenditure information (for all cost elements), in coordination with Project Engineers/ Project Managers for input to the cost control and reporting system on a regular basis.
- Prepare regular cost reports and advise management of any forecast cost overruns, to maintain comprehensive accessible registers of financial approvals, variations and change orders.
- Report turnaround and project actual vs baseline cost status as required.
- Report earned value per vendor, and subcontractors and identify trends that impact the final cost projections.
- Keeping track of vendors, subcontractors’ invoices and payments.
- Prepare cost report and invoice to client.
- Perform other functions that may be assigned by the Department Manager.
- Support in cost database input and evaluation of cost data.

**Requirements**:

- Degree in Engineering/Quantity Surveying (Mechanical /Civil/Offshore/Marine)
- Preferred 5 to 7 years’ experience.
- Possess good communication and technical skills.
- Has an understanding of measurement, cost estimation, and project cost control requirements.
- Demonstrated success in past project involvement specially to delivery of small to medium size offshore construction projects.
- Basic knowledge of contract administration.
- Enjoy numeric calculation and proficient in Excel software.
- Excellent communication and interpersonal skills, written and verbal English.
- Good team player, self-driven with the ability to interact across multiple disciplines.
- Proficiency in Microsoft Office package, SAP etc.