JAB's are working with a Client to source a Cost Lead in the Finance Department, based onshore in the Aberdeen office, on a contract basis.
ROLES AND RESPONSIBILITIES
BASIC PURPOSE OF THE ROLE
The Cost Lead will support the business in the cost management and reporting of various project activity and provide a key interface role between the Client Team and various company subcontractors. The remit of the role will be across the estimating, cost control, forecasting, cost analysis, reporting, and reconciliation areas of the aforementioned activity and involve close liaison with budget holders, department managers, planning, and finance.
KEY RESPONSIBILITIES
* Lead, mentor, and develop cost engineers and senior cost engineers reporting into the role
* Assign, monitor, and review work of direct reports
* Understand the relationships between the project controls functions, estimating, planning/scheduling, cost control, and risk management
* Provide cost control leadership on project teams
* Advise and counsel in areas of expertise
* Advise and drive the business in the preparation of AFEs and AFE supplements in a timely manner in accordance with the Client’s AFE process
* Responsible for the timely and accurate preparation of VOWD and cost forecasts, for OPEX/CAPEX and ABEX activities within their remit. Monthly re-forecasts utilising estimates, PO commitment report, planning schedules, and any other relevant information
* Work with all stakeholders to ensure appropriate reporting cut-offs are maintained
* Responsible for maintaining and delivering monthly Project Cost Reports for Project and Management in line with Project reporting deadlines including detailed monthly analysis
* Ensure that all procurement activity is in line with the Client Procurement Procedure and that requisitions are correctly coded with AFE/WBS/CBS breakdown for cost tracking and monitoring purposes
* Support senior management to ensure cost forecasts are available for review at a suitable level for each financial month end close and for all DRB and activity decision gates
* Provide support/prepare schedule risk analysis to forecast schedule contingencies and related cost impacts
* Control all financial activities related to Project/Well activity, liaising with other departments as appropriate
* Advise Management of financial and accounting issues and make recommendations relating to budget and financial control
* Undertake analysis and investigation to ensure that the financial ledger reflects the current and accurate status of project/well costs incurred. Preparation of correction and reallocation journals as necessary
* Provide support to projects to meet stage gate criteria, including preparation of cost estimates, attendance at peer reviews, inputs to Investment Memorandum and AFE preparation
* Challenge the assumptions and information provided by contractors to ensure a detailed understanding of the cost structure and performance by all applicable contractors for reporting within the overall forecast
* Run scenarios as directed by management to assess options and impacts with respect to costs from changes in scope or execution
QUALIFICATIONS, EXPERIENCE AND SKILLS
QUALIFICATIONS/TRAINING
Preferred
* Engineering, Accounting or Business qualification – HND or higher
* Completion of appropriate cost control industry training
EXPERIENCE/KNOWLEDGE/SKILLS
Essential
* Experience within the cost control/finance sections of the business
* Minimum 10 years’ experience at a cost control level
* Experience working on major capital projects, within an Oil & Gas operator and with a programme of projects
* Estimating experience
* Experience working with Primavera and planning function
* Apply the principles of project controls to cost control work processes
* Demonstrate effective leadership in the execution of cost control activities
* Develop and maintain a positive working atmosphere
* Motivate peers and junior members of the cost team
* Actively participate in the ongoing development and mentoring of junior members of the cost team
* Possess excellent verbal and written communication skills
ADDITIONAL SKILLS/REQUIREMENTS
Experience in using cost management software such as Oracle, MPower or equivalent
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