Senior Cost Estimator/ Project Cost Controller

TotalEnergies Group; Malaysia; On-site; MYR 180,000 - 300,000; Full time

Job summary

TotalEnergies is seeking a Senior Cost Estimator / Project Cost Controller to support the Development Team within Exploration & Production. The role requires deep expertise in cost estimation, budgeting, forecasting, and cost control for oil & gas projects.

You will work on developing estimation methodologies, analyzing inputs, benchmarking costs, and coordinating with planners, cost controllers, and finance to deliver accurate project cost deliverables.

Qualifications

• Develop cost estimation methodology following GS/GM and AACE standards.
• Analyse project inputs to identify cost factors and parameters.
• Update unit rates, norms and cost factors with latest data.
• Prepare and issue cost estimates and reports as part of deliverables.
• Ensure procedures align with TotalEnergies standards.

Responsibilities

• Direct involvement in Cost Control activities for Construction and CFR projects.
• Forecasting, progress and accrual updates, financial reporting, WBS creation, AFE, FIP and BT/ABR.
• Support Senior Cost Controller on project cost reporting, WPB, PDC, VOWD, AFE Closure, WBS creation.
• Liaise with Finance to ensure monthly and year-end reconciliation.

Skills

Cost estimation

Budgeting

Forecasting

Project cost control

Stakeholder management

Data analysis

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.

Activities

• 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.

Candidate Profile

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.

Joining TotalEnergies means committing to the energy transition and helping provide energy that is more affordable, more available, and more sustainable for as many people as possible. You will grow within an international multi-energy company where every talent matters. You will contribute to ambitious projects and deliver concrete solutions to today's energy challenges.

Throughout your career, you will benefit from a wide variety of assignments and tailored learning opportunities. You will fully develop your potential in an environment that fosters innovation and excellence. Join committed and collaborative teams where success is built together.

We place respect and employee well-being at the heart of our performance. That is why TotalEnergies values diversity and promotes equal opportunities for all.