Job Description
A leading talent acquisition company is on the lookout for a skilled and detail-oriented Cost Engineer specializing in Oil & Gas Projects to join our team. This role is vital in ensuring that all financial aspects of projects are managed effectively, from budgeting through to forecasting and cost control. As a Cost Engineer, you will work closely with project managers, engineers, and other stakeholders to deliver accurate cost estimates and maintain financial oversight throughout the project lifecycle.
Responsibilities
- Develop detailed project cost estimates and budgets based on project specifications.
- Has experience in the oil/gas, hydrocarbon, refinery, offshore, or infrastructure industries and has accounting experience on large to mega projects.
- Assists the supervising Project Control Engineer to coordinate with Project Managers, Project Engineers and Project Control Engineers to ensure correct implementation of project accounting and cost control procedures and requirements.
- Reviews and closely monitors project business practices to ensure project cost objectives are met.
- Must have thorough knowledge of project business practices, calculation methods/software, standards, and procedures.
- Accountable and responsible for all project invoices and cost reports.
- Analyze project costs and track expenditures to ensure compliance with budgets.
- Prepare periodic cost reports and perform cost variance analyses.
- Collaborate with project teams to identify cost-saving opportunities and implement cost control measures.
- Review and validate contractor and subcontractor invoices.
- Assist in the preparation of project bid proposals and contract negotiations.
- Provide financial data for project forecasting and performance evaluations.
