Job Description
12 month contract opportunity - COST LEAD - The Cost Lead will support the business in the cost management and reporting of various project activity across the estimating, cost control, forecasting, cost analysis, reporting and reconciliation areas and involve close liaison with budget holders, department managers, planning and finance.
KEY RESPONSIBILITIES:
* To 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
* Timely and accurate preparation of VOWD and costs forecasts, for OPEX/CAPEX and ABEX activities.
* Maintaining and delivering monthly Project Cost Reports for Project and Management in line with Project reporting deadlines including detailed monthly analysis.
* Supports 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 decisions 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.
* Advises Management of financial and accounting issues and makes recommendations relating to budget and financial control.
* Undertakes 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:
* Degree educated within Engineering, Accounting or Business qualification plus strong experience within the cost control/finance sections of the business, min 10 years' experience at a cost control level.
ADDITIONAL SKILLS/REQUIREMENTS:
* Experience in using cost management software such as Oracle, MPower or equivalent
Please get in touch for full and further information.