About the Role
This position plays a critical role in providing accurate cost forecasts based on project scope, approved budgets, commitments, and actual expenditures. As a key contributor to project management, you will support critical decision-making through comprehensive cost analysis and reporting, maintain effective budget controls, and enhance cost management efficiency.
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Primary Objectives / Responsibilities
- Provide Project Management and stakeholders with accurate cost forecasts based on project scope, approved budgets, commitments, and actual expenditure.
- Support decisions with cost analysis, forecasts, and recommended corrective actions where required.
- Prepare and maintain weekly and monthly cost reports in line with established procedures and project requirements.
- Monitor costs, commitments, and expenditure to control budgets throughout the project lifecycle.
- Implement and maintain effective cost control systems, processes, and reporting mechanisms.
- Support continuous improvement in Project Controls to enhance cost management effectiveness and efficiency.
Specific Accountabilities
- Establish and maintain Work Breakdown Structures (WBS) and Cost Breakdown Structures (CBS) for effective budget control.
- Assign and track budgets to provide a clear baseline for project performance measurement.
- Allocate commitments to approved budgets and verify that sufficient funding is available.
- Develop accurate Forecast at Completion (FAC) assessments from commitments, expenditure, trends, and expected costs.
- Evaluate scope, schedule, and cost changes against approved baselines to support change management.
- Apply cost accounting controls to ensure invoices and expenditure remain within approved commitments and budgets.
- Promote cost awareness within project teams.
- Analyze cost performance to identify trends, risks, and opportunities for improvement.
- Deliver accurate and timely cost analysis for project reporting.
- Support the Project Controls Team Lead with additional Project Controls activities as needed.
Essential Skills and Experience
- A bachelor’s degree in Engineering, Quantity Surveying, Finance, or Construction Management.
- A minimum of 12 years’ experience in the oil and gas, energy, infrastructure, or industrial sectors.
- Demonstrated experience with reimbursable engineering contracts, including contractual billing rates, recoverable costs, and invoicing requirements.
- A minimum of 4 years’ experience in leadership or supervision of Cost Engineers or Project Controls personnel.
Required Competencies
- Cost Management and Project Controls
- Sound knowledge of cost management, budgeting, and cost control principles.
- Systems and Reporting Tools
- Proficient in project management, ERP, financial, and cost management systems, with advanced Microsoft Excel and reporting tool skills.
- Thorough understanding of Work Breakdown Structures (WBS), Cost Breakdown Structures (CBS), and cost reporting methods.
- Knowledge of commercial contract requirements and their application to project cost management.
- Practical understanding of revenue recognition principles, month-end financial accruals, unbilled revenue, and VOWD, including reconciliation with Finance.
- Forecasting and Performance Analysis
- Ability to work with project teams on forecasting, performance analysis, and problem-solving, using earned value analysis, productivity measurement, risk analysis, contingency forecasting, and reporting skills.
- Self-Management and Stakeholder Communication
- Self-driven and able to work independently while balancing competing priorities.
- Ability to develop and present material to internal and external stakeholders.
- Process Improvement
- Ability to establish and refine cost management processes, procedures, and reporting methods.
Moving Forward Together
We want our people to be energized and empowered to drive sustainable impact. Our focus is on a values-inspired culture that unlocks brilliance through belonging, connection, and innovation. We're building a diverse, inclusive, and respectful workplace, creating a space where everyone feels they belong, can be themselves, and are heard.
We're actively reskilling our people, leveraging transferable skills, and supporting the transition of our workforce to become experts in today's low carbon energy infrastructure and technology. Whatever your ambition, there's a path for you here. There are no barriers to your potential career success. Join us to broaden your horizons, explore diverse opportunities, and be part of delivering sustainable change.
