Cost Engineer

**Our Client is one of the top 10 Fortune 500 company in the Oil and Gas industry.
**Job Scope**
- Downstream Turnaround Work Process
- Turnaround Estimating and Budgeting Recommended Practice
- Turnaround Cost Control Recommended Practice
- Turnaround Finance Standard
- Implements cost management and reporting processes for the T/A execution plan, consistent with the Downstream Turnaround & Finance Standard, and Downstream Recommended Practices in Estimating & Budget, and Cost Control.
- Establishes / complies with the 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/Project event including T+6, T-16, T-11, and T-4.
- Responsible for preparation and assemble of pre-spend budgets (FED IP), FID IP and/or supplementary IP.
- 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 prorateables 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)
- Assist CP with contractor reporting requirements and ensures appropriate language in contracts
- Reviews all PO’s as issued per vendor per resource type and perform T&C analysis
- Assist with training Shell and contractor personnel on reporting requirements and flow process
- Verify and challenge committed cost information against contract T&Cs
- Enter all committed cost data into cost forecasting tool
- Provide robust cost controls by verifying timesheets, tracks planned vs actuals for Maint, Projects and Turnaround
- Approves all invoices to insure compliance with approved contracts and POs
- Conducts random quantity survey of daily information received & random audit of contractor personnel and compare to field force reports during TA execution
- Analyzes all cost data, flags troubled areas, communicate all exceptions to budget holders.
- Provides accurate 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.
- Participates in the Lessons Learned and develop Cost Lookback Analysis for all turnaround events.
- 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 collection, particularly during execution.

**Requirements**:

- Education Qualification in conventional Engineering Discipline, Project & Construction Management or Quantity Surveying
- 5 Years + Experience in planning and executing turnarounds
- Has experience with budgeting, Contract and Procurement management
- Strong Understanding of Contracts Experience in Oil and Gas Industry preferred

**Mary Marquez **(EA Regn No: R1326974)

**RMA Consultants Pte Ltd **(EA Licence No: 93C4403)