Senior Cost Engineer
4 weeks ago
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:
- Supervise Cost Controllers and ensure accurate cost reporting.
- Develop strong working relationships with Engineering and Operations Directors, Finance, Team Leads, Project Managers, and Project Engineers.
- Communicate effectively across departments for mutual benefit and maintain positive communication with peers and customers.
- Train graduates and junior cost controllers as needed.
Duties and Responsibilities:
- Coach and mentor cost controllers daily to ensure accurate cost reporting.
- Assist Project Managers and Project Engineers in preparing individual Cost Reports and comparing actual costs to budgets.
- Prepare and update the overall Live Project Cost Control Summary.
- Manage the SICON (Project Costing System) by inputting budgets and overseeing project status.
- Contribute to weekly update meetings with the Engineering Management Team.
- Track project completion dates and follow up as necessary.
- Initiate invoicing processes when projects are complete.
- Conduct weekly invoice and sales reviews with the TEXO Engineering Management Team.
- Improve sales and invoice reporting while planning monthly budget variances.
- Collaborate with Accounts for timely resolution of contractor invoice queries.
- Report on contract awards, tracking weekly project costs, value, and performance.
- Contribute to monthly reports indicating overrun risks and performance analysis.
- Report monthly Work in Progress (WIP) figures to the TEXO Engineering Management and Accounts Teams.
- Prepare sales invoices for approval by Project Managers, Project Engineers, and the TEXO Management Team.
- Assist in monthly and quarterly reviews of the annual budget preparation.
- Raise awareness of commercial performance among the project team.
- Ensure ERP system maintenance and reconcile project cost reports.
- Oversee fabrication timekeeping and clocking systems.
- Ensure forecasting accuracy and manage contracts and procurement.
- Conduct cost value reconciliations and manage stakeholder relationships.
- Adhere to deadlines in line with the monthly commercial calendar.
Qualifications & Key Requirements:
- Degree or HNC/HND, ideally focusing on cost and commercial skills.
- Relevant experience in a similar industry.
- Extensive knowledge of cost control and reporting techniques.
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