Commercial Lead

OilSERV; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading oilfield services provider in Dubai is seeking a Commercial Lead to oversee project financial performance and commercial risks. This role requires a degree in engineering along with 15-20 years of experience in cost control within the EPC industry. The ideal candidate will have excellent MS Office skills, particularly in Excel, and strong communication abilities to influence operations. Key responsibilities include managing project accounts, preparing cost reports, and ensuring timely invoicing for all projects.

Qualifications

• Minimum 15-20 years of experience in commercial/cost control or engineering role in EPC industry.
• Excellent working knowledge of Microsoft Office suite.
• Strong communication skills to influence operations.

Responsibilities

• Review all tender documents to identify commercial risks and opportunities.
• Create project accounts in ERP system and manage expenses.
• Prepare cost reports and forecast project financial performance.
• Ensure timely project invoicing and cash flow management.

Skills

MS Excel

MS Word

Power Point

MS Access

Visio

Earned Value Management (EVM)

Cost control & forecasting

Profitability analysis

Project management

Planning and scheduling

Education

Degree in Engineering with QS background

Job description

About the Company

OiLSERV is a provider of an expanding range of oilfield services, including well logging, well testing, production enhancement, drilling services, surface production management and integrated oilfield services. OILSERV is an independent Oilfield Service Company, focused on the Middle East and North Africa and aims to supply our Home Markets with world-class quality and services, driven by the passion and commitment of our people. OILSERV is a trusted business partner of choice, dedicated to building lasting relationships, adding value to our customers, projects and the communities in which we operate. We establish technology-driven partnerships and adopt optimized and effective solutions to meet the demands of our Home Markets. We empower our employees and partners with the skills and expertise they need to secure positive results. Equipped with optimum resources, OILSERV delivers quality services on an international platform. We implement best practices to facilitate continued success and sustainability. OILSERV’s local insight, combined with industry knowledge, enables us to ensure optimum service delivery, world-class practices, exemplary performance and a heightened customer experience. OILSERV is committed to conducting business with integrity, maintaining efficiency and engineering effective solutions for our customers. OILSERV remains focused on the continued growth of our organization and to safeguarding success and sustainability for all of our employees, customers and shareholders.

Website

http://www.oilserv.com

Verified page

About the Role

The Commercial Lead position responsibilities include (but are not limited to) the following: Review the tender documents to evaluate business/commercial risks, monitoring the progress of projects, review cost projections to evaluate project profitability, investigating variances as compared to approved project budget, approving expenses, valuation of the scope changes/variations, and ensuring that project billings are issued to customers and payments collected.

Responsibilities

• Review all tender documents to prepare and present executive summary for key commercial risks/opportunities for business segment leadership review
• Create project accounts in ERP system and set up authorization matrix for all projects assigned
• Authorize the transfer of expenses into and out of project-related accounts
• Prepare cost report on each project assigned including the comparison of to-date actuals vs project budget and summarize forecast at completion (FAC) to analyze project financial performance.
• Prepare with PMT the scope changes related valuations using contract pricing mechanism
• Review and approve with Project manager, supplier invoices, over-head charges, project assets and expenses allocation related to project(s) assigned.
• Conversant with the latest practices adapted in cost control engineering
• Prepare and ensure timely and accurate project milestone and progress invoicing on all projects assigned including pro‑active monitoring of invoice tracker to ensure timely invoicing and collection on project(s).
• Report to management on any opportunities for additional billings/Scope changes.
• Report to management regarding the remaining funding available for projects i.e. complete cash flow management on all projects assigned.
• Report to management on all projects Cost projection system (CPS) in coordination with Project team to present overall business/commercial position for all projects.

Qualifications

• Degree in Engineering with QS background and experience in Commercial roles in EPC O&G industry

Required Skills

• Excellent working knowledge and of MS Excel, MS Word, Power Point, MS Access and Visio.
• Able to produce reports and schedules in a given agreed structured and presentable format.
• Well oriented in the applications and principles of Earned Value Management (EVM) techniques, cost estimation, cost control & forecasting, profitability analysis, project management, planning and scheduling
• Minimum 15-20 years of experience in commercial / cost control or engineering role in EPC industry.
• Ability to apply deductive reasoning and draw conclusions to solve problems and facilitate decision making process.
• Strong communication skills. Ability to communicate with as well as support effective partnerships with peers and subordinates, and to influence operations.