Cost Engineer

Fusion Outsourcing; Doha; On-site; USD 80,000 - 120,000; Full time

Job summary

A leading company in the Oil & Gas sector is seeking a Senior Cost Controller for the Ruya Batch 1 Project in Qatar. The role involves preparing budgets, performing cost analysis, and ensuring compliance with financial regulations. Candidates should have a degree in Economics and at least 10 years of relevant experience. Strong analytical and communication skills are essential, along with proficiency in SAP and Excel. The position requires a commitment to safety and confidentiality in handling sensitive data.

Qualifications

• Minimum 10 years’ experience in cost control activities for Oil & Gas projects.
• Experience with EPC contract mechanisms.
• Willingness to travel for technical missions globally.

Responsibilities

• Prepare and issue detailed budgets and cost reports.
• Monitor budget availability and justify variances.
• Implement efficient invoicing processes and ensure timely payments.

Skills

Cost Control

Communication

Analytical Skills

Fluency in English

Education

Degree in Economics or a related field

Tools

SAP

Excel

Power BI

Job description

Accountabilities:

In compliance with Finance & Cost Control methods, processes, and deadlines:

• Prepare and issue detailed budgets.
  
• Responsible for cost control, cost reporting, and invoice processing activities for the EPC package.
  
• Supply MP Lead Cost Controller with cost and budget updates for internal and external reporting.
  
• Perform quantitative Cost Risk Analysis for the project(s).
  
• Develop and maintain the Master Control Estimate/Current Control Estimates (MCE/CCE).
  
• Perform all other cost control activities related to the perimeter (CPP).
  
• Develop and maintain a database for the Technical Assistance and Services Contracts follow-up.
  

Job Dimensions:

Ruya Batch 1 Project involves several EPCIC Contractors executing in parallel over a period of 6 years.

Key elements of the Ruya Batch 1 Project:

• EPCI 9 (SURF): Installation of pipelines (41 pipelines, 250 km of varying sizes from 6” to 22”) and 9 cables for power and control.
  
• EPCIC 11 (WHP): 9 Well Head Platforms including piles, jackets, and topsides, with water depths between 60m and 70m.
  
• EPCIC 12 (RP): Riser Platform Topside + Jacket + Piles/Grout with interconnecting bridge to existing facilities, including seawater treatment facilities.
  
• EPCIC 13 (CPP): Central Process Platform, Living Quarters (200 pax), Flare tripod, and interconnecting bridges to link with existing facilities, fitted with production and utility facilities.
  

The project is a mix of Greenfield and Brownfield development, with significant challenges in integrating new platforms into existing facilities.

Activities:

• Safety & Compliance:
  

  
  
  • Promote and comply with applicable safety instructions and company HSE procedures.
    
  • Carry out work in line with company values, policies, legal regulations, priorities, objectives, and industry practices.
    
  • Treat all obtained information with confidentiality.
    

• Budgeting:
  

  
  
  • Prepare dedicated yearly and LOP forecasts for the package.
    
  • Prepare the annual budget and updates in coordination with internal teams and discipline leads.
    
  • Defend and present the budget performance as required.
    
  • Monitor budget availability for each commitment.
    
  • Justify variances between forecasts and budgets.
    
  • Maintain a register for managing commitments, expenditures, and forecasts for all contracts and purchase orders.
    
  • Provide input to the PALM (SAP) system for commitments, payment schedules, invoicing, and cost control matters.
    
  • Coordinate with the Finance department to ensure fair allocation of common costs.
    

• Closure:
  

  
  
  • Prepare monthly closure and ensure that accruals in PALM system are in line with project progress.
    
  • Prepare necessary compliance documents for accruals.
    

• Cost Reporting:
  

  
  
  • Issue detailed monthly cost reports (trends, concerns, budget variance analysis, forecasts, etc.) and advise project management on cost over-runs.
    
  • Maintain auditable records for project expenditures, contracts, budgets, forecasts, etc.
    
  • Supervise contractor and supplier cost control activities.
    
  • Provide monthly cash forecasts for the project.
    

• Invoicing:
  

  
  
  • Implement efficient invoicing processes and ensure timely payments.
    
  • Check and monitor invoices with the accounting team to enable timely payments.
    

• Organization & Procedures:
  

  
  
  • Develop and communicate procedures for efficient budget and cost control operations.
    
  • Advise contractors on commercial requirements such as invoicing and cost reporting.
    
  • Anticipate additional cost control support requirements during project execution.
    

• General Responsibilities:
  

  
  
  • Promote cost consciousness within the entity.
    
  • Ensure confidentiality in handling sensitive data.
    
  • Liaise with internal and external auditors for cost justification.
    
  • Prepare cost recovery documentation.
    
  • Engage with the Finance department for all cost and accounting matters (commitments, invoicing, payments, etc.).
    
  • Oversee commercial close-out of contracts and archive financial documentation.
    
  • Carry out any other duties assigned by superiors.
    

Requirements

Qualifications & Experience Required:

• Degree in Economics or a related field.
  
• Minimum 10 years’ experience in cost control activities for Oil & Gas projects.
  
• Advanced knowledge of computer systems (SAP, Excel, Word, PowerPoint, Power BI).
  
• Fluency in English.
  
• Experience with EPC contract mechanisms.
  
• Willingness to travel for technical missions globally.
  
• Strong communication skills.
  
• Ability to work in a complex, multicultural environment.
  
• Strong analytical skills.
  

Submission Deadline : Please submit CV's on or before 26th February 2025