Project Cost Engineer (Fixed Term 6 months)

Oceaneering; Aberdeen City; On-site; GBP 40,000 - 60,000; Full time

Job summary

A project management firm located in Scotland is seeking a Cost Engineer to support project controls. The successful candidate will have a minimum of three years' experience in cost engineering, managing project costs and forecasts while working closely with finance teams. Proficiency in Microsoft Excel and knowledge of project management software are essential. This role offers a dynamic work environment focused on project delivery in the energy sector.

Qualifications

• 3+ years of experience in cost engineering is required.
• Experience in monitoring and reporting project costs through the lifecycle is necessary.
• Proficient use of MS Excel, especially in complex calculations.

Responsibilities

• Manage and update cost tracking tools for project management.
• Maintain financial forecasts by tracking costs.
• Organize and facilitate weekly cost tracking meetings.

Skills

Cost management

Analytical skills

Microsoft Excel proficiency

Problem-solving skills

Project management principles

Education

Minimum 3 years in cost engineering

Experience in project cost management

Tools

Microsoft Excel

Primavera P6

PeopleSoft

Job description

The focus of this position will working within the regional Project Controls function, directly supporting Projects in the creation, updating, and analysis of cost management tools in a manor aiding Project management review, decision making and forecasting.

Functions

• RESPONSIBILITIES:

• Cost Tracker
• Update cost tracker based on schedule updates/ changes
• Maintain Project Forecast
• Update with actual billed i.e PM&E etc
• Add any additional non-reimbursable costs
• Update VO LS rate if changes (this will increase as more VO’s get closed out/ added)
• Support Finance analyst with queries
• Regular cost tracking meeting
• Assist with Cost analysis & closing of any activity codes
• Assist cost analysis with Revenue allocation

• VO’s
• Maintain VO tracker
• Create new VO’s for reimbursable costs
• Update/ rewrite VO’s if new costs incurred/ requests have changed
• Draft & finalise VO’s - once internally reviewed.
• Attach appropriate backup (quotes, invoices etc) & approvals – make sure all is saved in VO folder too.
• Get internal approval (PM) for VO.
• Hold weekly VO/ Cost Meeting with client and have clear actions in place to discuss.
• Get external approval (client to sign off in weekly meeting)
• Ensure PO coverage to Bill complete VO’s.
• Collate and attach all Back up, inc 3rd party, signed timesheets, email approvals, DPRS and send to QtC alongside signed VO so billing process can begin.

• Timesheets
• Populate PM&E, Onshore Readiness & VO timesheets
• Create ‘VO’ timesheet for increased personnel in-country i.e. above personnel in personnel uplift rate
• Review TS in meeting with cllient and get signed off
• Use GM reports for charging travel/ mob days
• Create commercial summary where appropriate & get PM to sign off
• Send QtC Billing request with all back up in a clear manner
• Ensure PO coverage (I maintain a PO analysis to keep on top of this)
• Answer any QtC queries and be point of contact between QtC & client
• Send Draft invoice to client for approval
• Send client confirmation to Billing so they can complete & send out final invoice
• Update S/sheets & VO tracker with invoice # and ensure copy of invoice is saved on SP.
• Hold weekly meeting with QtC and have clear actions in place to discuss.

• PO’s
• Maintain PO analysis
• If uplift/ new PO is required, provide estimates as early as possible for client to action
• Once commercial review & sign off the PO, confirm the order in client system.

• Additional
• Other duties as assigned.

Supervisory Responsibilities

• This position has no direct supervisory responsibilities.

Reporting Relationship

• Reports to Project Controls Lead – Eastern Hemisphere

Qualifications

REQUIRED

• Must have a minimum three (3) years of experience in cost engineering
• Must have three (3) years’ experience and responsibility of project cost management and reporting in an industrial environment throughout a project’s typical life cycle (Sales, Engineering, Procurement, Testing, and Offshore Execution)

DESIRED

• Experience with Enovia and PeopleSoft
• Proficient with Microsoft Excel: expertise in complex formulas and functions, pivot tables, macros
• Knowledge of integrating Primavera P6 with other enterprise systems, such as enterprise resource planning software.

Knowledge, Skills, Abilities, and Other Characteristics

• Comprehensive understanding of project management principles, methodologies, and best practices.
• Ability to evaluate project performance, identify variances and propose corrective actions.
• Strong analytical and problem-solving abilities, with attention to detail and accuracy.
• Ability to effectively communicate in English with project managers, engineers and stakeholders both verbally and in written form.
• Strong organizational and time management skills to meet project deadlines
• Proactive and adaptable mindset to anticipate and address potential issues or changes in project schedules
• Commitment to continuous learning and staying update to date with the latest industry trends and advancements in project management software and tools
• Ability to work independetnly and as part of a team, displaying professionalism and maintaining a positive attitude.
• Proficiency with MS Office applications, primarily Word and Excel, is required.
• The ability to organize disparate information into a usable form is required.