Our client, an exploration and production company are currently recruiting for a Cost Engineer. Based in Aberdeen, the role will be on a 12 month contract and offers a hybrid working arrangement. ROLE The Wells Cost Controller Engineer provides cost control support to the Well Operations team. RESPONSIBILITIES Implement and maintain a complete well cost accounting control procedure for the company Wells and Intervention department Support the Wells department AFE/high level budget procedures Create individual Well AFE estimates in conjunction with engineers Monthly overview and review of issues with Head of Wells Weekly overview and review of costs with Well Superintendents Stock and logistics management Ability to constructively challenge and guide the Wells team with regard to costs Ensure estimated final well cost is within /- 5% of actual well cost Ensure that cost commitment and forecast expenditure is reported on a daily basis during drilling operations and ensuring that all information is accurately and correctly inputted Ensure that all AP issues are corrected in a timely manner Ensure that all vendor queries are corrected and challenge quotes Ensure key vendors provide regular cost reports Maintain a robust savings register Check and record correct allocations of shared or common costs Check vendor invoices are complete, contract compliant and coded correctly Work and manage external companies when activities are outsourced - ensuring they adhere to SE standards and guidelines Investment tracking and review Well forecasts UK Working to all associated Cost Control procedures and processes AFE tracking and maintenance in SAP Finance support to upstream functions Provide support to the Business Finance Planning and Reporting team Provide internal training to other teams JV audit process for wells Completion well reconciliations - ensuring that any variances are identified, investigated and resolved REQUIREMENTS Ability to take the initiative and to work autonomously Strong technical accounting skills Analytical and systematic approach with an eye for detail Open and effective communicator Relevant degree within accounting or appropriate and verifiable experience within the role at a similar E&P company Upstream value chain experience