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Project Cost Engineer

4 months ago

Aberdeen, Aberdeen City, United Kingdom Oceaneering International Full time


Company Profile

Oceaneering is a global provider of engineered services and products, primarily to the offshore energy industry. We develop products and services for use throughout the lifecycle of an offshore oilfield, from drilling to decommissioning. We operate the world's premier fleet of work class ROVs. Additionally, we are a leader in offshore oilfield maintenance services, umbilicals, subsea hardware, and tooling. We also use applied technology expertise to serve the defense, entertainment, material handling, aerospace, science, and renewable energy industries.



Duties & Responsibilities

Purpose

Provision of an effective cost management and control service to the project management team, and the provision of accurate performance management information and reports required for internal and external stakeholders.

Responsibilities include controlling supply chain costs, estimating expenses, assisting the project management team in making estimates, managing project variations, and calculating the cost impact potential risks. The role may also include the development of cost management guidelines and the development of junior cost engineers.

Functions

ESSENTIAL

Cost Estimation and Analysis:

· Develop and maintain detailed project cost estimates, including materials, labour, equipment, and services. Ensure accuracy and alignment with project budgets.

· Analyse project specifications and drawings to identify cost-saving opportunities and recommend cost-effective alternatives.

· provision of accurate cost reports required for internal and external stakeholders.

Risk Assessment and Mitigation:

· Play an active part in the risk management process and evaluate potential risks related to cost overruns, delays, and resource shortages.

· Collaborate with project teams to develop cost risk mitigation strategies.

Budget Control and Monitoring and Interface with Finance team:

· Work with the OPG Finance team to monitor project expenditures, track actual costs against estimates, and identify deviations

· Working with the OPG Finance teams to process project cost data and provide input into the Oceaneering financial systems.

· Ensure accurate monthly accruals submitted to Finance.

· Provide variance analysis to Finance.

Provide accurate, timely reports on cost performance to project managers

Change Management:

· Assist in managing changes to project scope, schedule, and budget.

· Evaluate the impact of change orders on project costs.

Vendor and Supplier Coordination:

· Work closely with SCM to negotiate costs and ensure competitive vendor/supplier pricing, and accurately track 3rd party commitment and spend.

· Evaluate supplier bids and proposals for cost-effectiveness and alignment to budget.

Project Documentation:

· Maintain accurate records of cost data, contracts, and invoices.

· Prepare cost-related documentation for customer audits and regulatory compliance.

· Provide input into the development of cost control procedures



Qualifications

Qualifications

REQUIRED

· Bachelor's degree in engineering, accounting, or equivalent experience.

· Substantial & proven experience of working in a project's environment and/or relevant training in a cost management role

· Extensive knowledge of Microsoft Word, Excel, and PowerPoint.

· Ability to learn and navigate in PeopleSoft or similar enterprise management software, Product Lifecycle Management (PLM) and Customer Relationship Management (CRM) software.

· Must hold/maintain a valid passport and be able to obtain visas for international travel

· Relevant experience within the oil and gas industry.

DESIRED

· Offshore / oilfield operational experience.

· Familiar with products and services offered by Oceaneering.



Closing Statement

We offer a competitive salary, a comprehensive benefits package and the opportunity to advance in an international company. To apply, click 'Apply Now'.