Cost Engineer / Senior Cost Engineer

Semco Maritime

Inverness

Hybrid

GBP 34,000 - 38,000

Full time

14 days+

Get more replies from employers

Send a job-specific resume in minutes.

Job summary

A global leader in energy services is looking for a Cost Engineer to manage project finances and ensure adherence to budget within a 6-month contract. This role requires extensive experience in cost control and financial reporting, particularly within the oil and gas sector. The ideal candidate should have strong analytical skills and a background in financial management, with hybrid work options available in Aberdeen.

Qualifications

Previous experience of large project work within the O&G Industry.
Demonstrable experience and knowledge of cost control on large projects.
Understanding of cost control systems including reporting and forecasting.

Responsibilities

Oversee and control project costs throughout all phases.
Create cost reports, invoice documents, and project phase reports.
Facilitate cost review meetings with Project Manager and clients.

Skills

Cost control

Forecasting

Reporting

Commercial awareness

Education

HNC, Highers or equivalent in finance, commercial or business-related subject

Tools

MPower

Job description

1 day ago Be among the first 25 applicants

Get AI-powered advice on this job and more exclusive features.

Direct message the job poster from Semco Maritime

Recruiter at Semco Maritime / PBS by Ponticelli

Job Type: Full-time (Mon-Fri), 6 Month Contract

Location: Aberdeen (Hybrid – 4 days in the office, Mon- Thu)

PBS (Semco UK) are looking for a Cost Engineer or Senior Cost Engineer to join the team on a 6 month basis.

This role is responsible for day-to-day financial control of assigned project/s ensuring adherence to budget and preparing cost estimates by analysing proposals.

Details/duties:

Oversee, monitor and control project costs throughout all phases of a project supporting the Project Manager and Project and Discipline Engineers of the assigned scope
Create invoice documents, cost reports with supporting narrative, project phase reports and discipline level reports for both clients and internally for distribution
Facilitate separate cost review meetings with Project Manager and client to ensure accurate forecasting and phasing within budget
Identify potential overspends and action ‘Potential Change Orders’ to ensure timely and efficient management of change
Review and approve project purchase orders and invoices, ensuring costs are aligned with the project budget and that accurate cost coding is applied.
Review and approve purchase and service requests ensuring sufficient budget is in place and correct cost coding assigned prior to commitment
Liaise with other departments including Planning, Engineering, Procurement and Construction to ensure the accuracy of cost phasing and forecasting, and maintain awareness of scope activities and their impact on the budget and schedule
Review and approve invoicing
Support with the commercial close out of the project
Contribute to the continuous improvement of the cost control function and provision of robust financial reporting.

Qualifications/Experience required:

Previous experience of large project work within the O&G Industry
HNC, Highers or equivalent in finance, commercial or business-related subject
Essential: Demonstrable experience and knowledge of cost control, forecasting and reporting working on a large project and brownfield modifications
Essential: Understanding of cost control systems including reporting, forecasting and invoicing
Desirable: Understanding of Project Management principles, change control and planning and risk management
Desirable: Commercial Awareness and an understanding of commercial terms and conditions
Desirable: Proficient in the use of Time Writing system, ideally MPower

Seniority level