Cost Engineer

**Your role**

Our major Oil and Energy Downstream Client is urgently looking for Cost Engineer who will develop Projects, Maintenance & Turnaround event budgets and cost estimates for all phases. You will provide Cost estimate support to the Maintenance Turnaround Construction (MTAC) group and Project Group. You will ne responsible for controlling, forecasting, and reporting projects, maintenance, and turnaround costs (CAPEX and OPEX) in all phases.
- More specifically, your accountabilities include the following:

- Downstream Projects and Turnaround Work Processes
- Projects and Turnaround Estimating and Budgeting Recommended Practices
- Projects and Turnaround Cost Control Recommended Practices
- Projects and Turnaround Finance Standards
- Maintenance Work Processes
- Implements cost management and reporting processes for the MTAC execution plan, consistent with the Downstream & Finance Standard, and Downstream Recommended Practices in Estimating & Budget, and Cost Control
- Forecasting, planning, reporting and cost control at the project portfolio level
- Proactively monitor progress against the budget and provide management reports to the Project team and Project Manager including Latest Estimate information for Capex management purposes. Identify issues and propose solution
- Support the Project and Turnaround and Maintenance (MTAC) execution in all logistic planning aspects
- Establishes / complies with the Work Breakdown Structure (WBS) in GSAP / SAP and Primavera. Responsible for setup of each event WBS in the cost forecasting tool, with proper tracking through work orders and purchase orders
- Responsible for the assembly of budgets for all assigned turnaround events, compliant with the recommended practice. Actual data will come from the individual event teams
- Responsible for assembling the estimates at each phase for each turnaround event
- Responsible for preparation and assemble of pre-spend and final approved budget
- Responsible or preparation and submittal of required cost reports for department and for each event for all phases
- Develop craft composite rates for estimating purposes, if required
- Responsible for preparation of estimate for pro-rateables for project allocation.
- Responsible for integrating scope growth, addenda, and discovery into the current forecast
- Integrates force report information during execution, including the gate log IT system.
- Responsible to validate all invoices for department, ensure proper coding to required purchase order & approval for payment, entering service entries if required
- Responsible for reconciliation of cost forecasting tool and accounting tool of record (SAP / GSAP)
- Responsible for closing of each Turnaround WBS to meet Financial Standard requirements including closing POs and Work Orders
- Application of appropriate contingency for estimate quality (by means of a risk assessment or Monte Carlo approach)
- Sets up Vendor files, with rates, and collect contract T&C’s that impact cost
- Assist Contracts and Procurement (CP) with contractor reporting requirements and ensures appropriate language in contracts
- Reviews all POs as issued per vendor per resource type and perform T&C analysis
- Assist with training Client and contractor personnel on reporting requirements and flow process
- Verify and challenge committed cost information against contract T&Cs
- Collect from GSAP all purchased material, warehouse issues, and outside shop costs
- Enter all committed cost data into cost forecasting tool. Enter all on-site contractor labor cost from time sheets
- Approves all invoices to ensure compliance with approved contracts and POs, and forwards to Imaging
- Conducts random quantity survey of daily information received & random audit of contractor personnel and compare to field force reports during Turnaround execution
- Analyses all cost data, flags troubled areas, communicate all exceptions to budget holders
- Report “earned value” and productivity of all key contractors
- Provides Forecast at Completion (FAC), Estimate to Complete (ETC) reports in approved format in a timely manner
- Responsible for final forecast within 7 days of feed in at T/A completion
- Responsible for Asset Capitalization submission within 3 months of TA completion
- Responsible to track planned vs actual spent against +/- 10% estimate during TA execution.
- Compile and timely report of site/department cost reports, KPI, Capex and project latest estimate.
- monthly report of Capex Forecast and Spend for the Year
- identify delay and propose solution
- Maintain accurate project database to support the site project portfolio management.
- updating of Development and FID list based on latest cost estimate
- prepare capex budget for final endorsement
- Is mindful of and continues to look for opportunities to reduce turnaround scope, and plan and execute with low-cost mindset
- Balances the need for accurate cost reporting with the administration of increased data coll