Cost Engineer (Offshore Project)

Job Description

Major Offshore Oil Field Operator in Qatar is hiring?Cost Engineer?for Offshore Project on contract and residential hire to be based in Doha with possible relocation to EPC Location (Asia) with initial contract duration of 3 years.?Accountabilities:?In compliance with Company Finance & Cost Control methods, processes and deadlines:

• ?To prepare and issue detailed budgets.
• To be responsible for cost control, cost reporting and invoice processing activities for the project.
• To supply MP Lead Cost Controller with cost and budget updates for internal and external reporting.
• To perform quantitative Cost Risk Analysis for the project(s)
• To develop and maintain the Master Control Estimate/Current Control Estimates (MCE/CCE)
• To perform all other activities related to Cost Control related to the perimeter (Gallaf Batch 3)
• To develop and maintain a Ms-Access database for the Technical Assistance and Services Contracts follow-up

• To promote & comply with applicable safety instruction and other Company HSE procedures in all activities
• To carry out work in compliance with Company values and policies, relevant laws and regulations, agreed Company priorities and objectives, Company standards and procedures and good industry practices
• To treat all information obtained during course of the work with confidentiality

• To support in preparation of Contract documents and provide challenge to the commercial and reimbursable terms, ensure CBS is aligned with WBS etc.
• To support in commercial evaluation of the tender proposals
• To liaise with VP, Project managers and B&D entity to review Cost Estimate based on benchmark data
• To support in performing quantitative Cost Risk Analysis of the available proposals for the project
• To support in preparing project CAPEX for Final Investment Decision

• To prepare for review dedicated LOP and LTP data for the project
• To prepare for review the detailed annual budget and updates in liaison with various internal entities and in agreement with the Company budget standard format provided by finance
• To participate in the presentation and to defend the budget performance?as required
• To control budget availability for each commitment
• To ensure budget control, highlighting current trends and to justify variances between Forecast and Budget
• To establish register, to update, monitor and control the commitments, expenditure incurred and forecast for all contracts and purchase orders managed by Major Projects
• To perform specific Cost Analysis
• To provide input to the PALM (SAP) system, with regard to commitments, payment schedules, invoicing, time sheets and cost control issues, as required
• Liaise with the Company Finance entity to ensure that G&A and other common costs are charged fairly to the Major Project budgets

• To prepare the monthly closure and make sure accruals done in PALM system are in accordance with current project(s) progress
• To prepare all necessary documents as necessary for compliance regarding accruals

• To issue a detailed internal and external monthly cost report (Trends, Areas of Concern, Budget Variance analysis, Commitment/Expenditure figures, Forecast at completion etc.) with comments and advise Project Management on cost over-runs in a timely manner
• To ensure correct and auditable records of all matters with Project expenditures, contracts, budgets, cash flows, forecasts, etc.
• To act as the interface with the Company Finance entity and provide them with data for incorporation in corporate financial documents
• To supervise the contractors and suppliers cost control activities

• To implement an efficient invoicing process between the different locations of the project
• To monitor invoices, in liaison with Company accounting department to enable timely payment of invoices

• To develop, communicate and implement procedures to ensure the efficient organization and operation of the Project budget and cost control activities
• To advise, during project setup post award, contractors on key commercial requirements (invoicing format and submission, cost reporting etc.)
• To anticipate additional requirement for cost control support during execution of the project(s)

• To promote cost consciousness within the entity
• To ensure confidentially is being kept as per sensitive data
• To liaise with internal and external auditors for cost justification
• To prepare the required cost recovery related documentation?
• To liaise actively with Company Finance entity for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes...)
• To prepare commercial close out of each contract and archive all financial documentation as per Company guidelines
• To carry out any other duties or tasks that may be assigned by hierarchical superiors

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