Senior Cost Engineer

4 weeks ago


Inverness, Highland, United Kingdom https:www.energyjobline.comsitemap Full time

Job Summary:

The Senior Cost Engineer will oversee the commercial and cost aspects of projects from inception to closeout. This role requires strong analytical, problem-solving, and decision-making skills to support and coordinate projects within TEXO Engineering & Fabrication.

Key Responsibilities:

  1. Supervise Cost Controllers and ensure accurate cost reporting.
  2. Develop strong working relationships with Engineering and Operations Directors, Finance, Team Leads, Project Managers, and Project Engineers.
  3. Communicate effectively across departments for mutual benefit and maintain positive communication with peers and customers.
  4. Train graduates and junior cost controllers as needed.

Duties and Responsibilities:

  1. Coach and mentor cost controllers daily to ensure accurate cost reporting.
  2. Assist Project Managers and Project Engineers in preparing individual Cost Reports and comparing actual costs to budgets.
  3. Prepare and update the overall Live Project Cost Control Summary.
  4. Manage the SICON (Project Costing System) by inputting budgets and overseeing project status.
  5. Contribute to weekly update meetings with the Engineering Management Team.
  6. Track project completion dates and follow up as necessary.
  7. Initiate invoicing processes when projects are complete.
  8. Conduct weekly invoice and sales reviews with the TEXO Engineering Management Team.
  9. Improve sales and invoice reporting while planning monthly budget variances.
  10. Collaborate with Accounts for timely resolution of contractor invoice queries.
  11. Report on contract awards, tracking weekly project costs, value, and performance.
  12. Contribute to monthly reports indicating overrun risks and performance analysis.
  13. Report monthly Work in Progress (WIP) figures to the TEXO Engineering Management and Accounts Teams.
  14. Prepare sales invoices for approval by Project Managers, Project Engineers, and the TEXO Management Team.
  15. Assist in monthly and quarterly reviews of the annual budget preparation.
  16. Raise awareness of commercial performance among the project team.
  17. Ensure ERP system maintenance and reconcile project cost reports.
  18. Oversee fabrication timekeeping and clocking systems.
  19. Ensure forecasting accuracy and manage contracts and procurement.
  20. Conduct cost value reconciliations and manage stakeholder relationships.
  21. Adhere to deadlines in line with the monthly commercial calendar.

Qualifications & Key Requirements:

  1. Degree or HNC/HND, ideally focusing on cost and commercial skills.
  2. Relevant experience in a similar industry.
  3. Extensive knowledge of cost control and reporting techniques.


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