Senior Cost Engineer

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.

This is an exciting time to join us on this journey.  

We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.

Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?

JOB TITLE: SENIOR COST ENGINEER

KEY RESPONSIBILITIES:

• Turning data into actionable information for decision makers.
• Improving cost control tools, process’ and procedures.
• Developing more junior team members.
• Partner with the various project managers and budget holders to support them in managing their budgets.
• Prepare timely and accurate cost reports on a periodic basis on the status of the in consultation with budget holders and Project Managers.
• Coordinate with the project engineers to clarify any query/discrepancies. Assist in the identification and mitigation of project risks.
• Monitor costs and generate variance reports as and when required and forward to the budget holder and Project Manager for their perusal.
• Workout forecast for various line items of the cost report in consultation with project team members.
• Carry out assessment of potential variations/claims from sub-contractors/vendors.
• Assist Project Engineers in preparing additional cost analysis as deemed necessary.
• Participate in project review meetings, if required and provide any cost related data as and when required.
• Interface and provide clarification to the project engineers and Accounts and provide assistance wherever required.
• Propose new suggestion if any and keep improving/updating the process of effective cost control.
• Develop historical Cost database of a project for future reference.
• Provide training and guidance to new/junior Cost Control personnel.
• Solves complex problems by drawing on other technical and business resources. Serves as a resource in solving difficult problems. Sets ambitious goals and high standards of performance.
• Communicates in a way that promotes understanding and support at all levels of the immediate organization. Presents information and ideas in a manner appropriate to the audience.

ESSENTIAL QUALIFICATIONS AND SKILLS:

• Few years in Oil & Gas or related process industry cost function, preferably internationally, including large projects with increasing responsibility including team supervision.
• Quantity Surveying qualification looked on favourably.
• Proven fully developed cost control skill sets. 
• Can lead the development of standards, processes and procedures.
• Can develop project budgets using common structures.
• Able to prepare cost forecasts to meet the needs of project management.
• Performs detailed variance analysis. (quantities, costs, hours, productivity, etc)
• Checks quality of work by subordinates.
• Understands estimating techniques.
• Able to review and develop estimates for scope and trend changes.
• Fully understands WBS requirements throughout the project lifecycle.

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