Cost Engineer
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Key skills for this role
About the Role
QatarEnergy LNG seeks a Cost Engineer to implement project cost control and reporting procedures. The role involves cost analysis, forecasting, and monitoring contractor reporting for multi-discipline projects.
Key Skills for This Role
Responsibilities
- Implement and monitor execution of primary procedures and specifications for project cost control and reporting
- Provide cost analysis, trending and forecasting support for multi discipline projects
- Develop, check/verify and report budget, commitment, VOWD, forecast and contingency usage figures
- Monitor contractor reporting processes in accordance with Company policies
- Prepare cost forecasts for funding/budget requests, counter estimates, change order requests, trends
- Develop and maintain Project Work Breakdown Structures, Cost Breakdown Structure, and Cost Time Resource Register
- Produce monthly project cost reports to track budget, VOWD, commitments, final cost forecast
Requirements
- Experience in cost engineering within oil and gas industry
- Ability to work with diverse teams and tight schedules
- Proficiency in cost control procedures and reporting
Full Job Posting
Job Overview
- Implement and monitor the execution of the primary procedures and specifications for project cost control and reporting to QatarEnergy LNG management and associated shareholders and stakeholders.
- Position requires supporting complex cost assignments and the ability to work with a number of different staff from very diverse background with varied experience levels.
- Provides cost analysis, trending and forecasting support for multi discipline Projects of different complexities, across many Assets, through all stages of the project development cycle to aid management decision making.
Key Responsibilities
- Develop, check/verify and report budget, commitment, VOWD, forecast and contingency usage figures for projects to ensure accurate and timely reporting to support management decision making.
- Develop and maintain project control procedures as necessary with contractors.
- Monitor contractor reporting processes in accordance with Company policies and procedures to enable seamless project execution and timely and accurate reporting.
- Monitor, analyse and challenge contractor cost information, change order and trend estimates and assist in assessment and challenge of contractor claims.
- Check & verify invoices/progress payments, timesheets & plant/equipment usage reports to ensure application of adequate controls for project related cash payments.
- Generate, review and agree monthly budget, commitment, VOWD & anticipated final cost figures, including variance analysis & narrative where required.
- Prepare cost forecasts for funding/budget requests, counter estimates, change order requests, trends.
- Develop and maintain Project Work Breakdown Structures, Cost Breakdown Structure, and Cost Time Resource Register (CTRs) as required in accordance with Company procedures and management expectations to enable correct coding and benchmarking of the project activities.
- Produce monthly project cost reports, to track budget, VOWD, commitments, final cost forecast and perform trending and variance analysis.
- Develop and maintain project cost "S" curve & cost phasing to enable management cost reporting.
- Preparation of project cash calls/expenditure phasing.
- Develop, monitor and track owners costs for individual projects to ensure completeness of cost information for management reporting.
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