Senior Cost Estimator/ Project Cost Controller

TotalEnergies Group; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

TotalEnergies is seeking an experienced Senior Cost Estimator / Project Cost Controller to support the Development Team within the Exploration & Production business in Malaysia. The role requires strong expertise in cost estimation, cost control, budgeting, forecasting, and project execution for oil & gas projects.

The candidate will develop cost estimation methodologies, analyze project inputs, update cost factors, and produce formal cost reports.

Qualifications

• Extensive experience in cost estimation and cost control for oil & gas projects.
• Proven budgeting and forecasting capabilities for large EPC projects.
• Experience with WBS, AFE, FIP, and project reporting.

Responsibilities

• Develop cost estimation methodology following GS/GM and AACE standards.
• Analyze project inputs to identify cost factors.
• Update unit rates, norms and all cost factors to latest information.
• Prepare and issue cost estimate memo/report as part of deliverables.
• Cost control and forecasting, progress and accrual updates, financial reporting.
• Liaise with Finance for reconciliation before monthly/year-end closing.
• Implement HSSE practices in the office.
• Attend and complete mandatory trainings.

Skills

Cost estimation

Cost control

Budgeting

Forecasting

Project execution

AACE standards

Stakeholder management

HSSE awareness

Data analysis

Benchmarking

Education

Bachelor's degree in Engineering or Economics

Tools

ERP systems

Job description

• Job activities as cost estimator are office-based nature works.
• Constraints and complexity of the job holder must face can be varies.
• It can be depended on the project complexity, technical complexity (i.e. understanding new or specialized equipment/technologies, liaising and managing directly or indirectly multiple stakeholders. The role also involves dealing with other constraints such as incomplete design data, frequent scope changes and managing multiple uncertainties while ensuring acceptable cost estimate accuracy.
• Develop cost estimation methodology following the TotalEnergies GS/GM and AACE standards.
• Analyze projects input i.e. drawings, weight report, specifications, project execution plan, and other project deliverables to identity cost factors/parementers.
• Update projects unit rate, norms and all cost factors to the latest information available from databases.
• Development of project budget estimate based on selected cost estimation method.
• Preparation and issuance cost estimate Memo/Report as part project deliverables.
• Ensure all procedures and processes are the aligned with TotalEnenergies standards.

2) Benchmarking and Historical databases:

• Develop and maintain historical cost databases, norms and projects benchmarks.
• Perform detail analysis of project benchmarking using the available input from the historical database.
• Identify significant deviation/variances of these database, and assess the factors for the variance i.e. market condition, design maturity, material cost etc.
• Collection of input from internal data and external data i.e. gather data from industry databases e.g. published indices.
• Support project services team. Work closely with planners and cost controllers to ensure the integration and alignment of cost and schedule.
• Engagement with relevant stakeholders internal and external to ensure the cost estimation activities and deliverables are meeting the requirements.

4) Project Cost Controller

• Direct involvement on Cost Control activities for Construction Department and CFR projects.
• This includes Cost Control and forecasting, progress and accrual updates, financial reporting, managing WBS creation, AFE, FIP and BT/ABR.
• Assisting/Supporting Senior Cost Controller on overall projects cost report, WPB preparation, PDC update, VOWD update, AFE Closure, WBS Creation.
• Liaise and collaborate with Finance team to ensure reconciliation is completed prior to monthly and year-end closing.

5) HSSE

• Implement good HSSE practises in the office.
• Follow relevant 12 Golden Rules where applicable on daily basis.

6) Training

• Attend and complete mandatory trainings.

TotalEnergies is seeking an experienced Senior Cost Estimator / Project Cost Controller to support our Development Team within the Exploration & Production business. This role is ideal for a seasoned professional with strong expertise in project cost estimation, cost control, budgeting, forecasting, and project execution within the Oil & Gas industry.