Cost Engineer

The Cost Engineer will be responsible for tracking, analysing, and reporting operational costs across the business. This includes close monitoring of capital (CAPEX) and operating expenses (OPEX), supporting budget preparation and forecasting, tracking actual vs. budgeted costs, and working with operations to ensure cost efficiency. The ideal candidate will have prior experience in the upstream oil & gas industry, with a solid understanding of field operations and a hands‑on approach to financial control. Key Responsibilities Deliver consistent but appropriate cost engineering structures for projects, modifications and maintenance for ONEgas West. Monitor daily, weekly, and monthly CAPEX and OPEX spending across all assets and projects. Develop and maintain cost tracking models and dashboards for management and field teams. Analyse variances between actual costs and budgets/AFE estimates and provide actionable insights. Work with Operations, Drilling, Completions, and Production teams to validate costs and explain variances. Support annual budgeting process and quarterly forecasts. Maintain rolling forecasts of costs by project and asset. Assist with AFE preparation and tracking, ensuring alignment with operational plans. Prepare cost reports for management, partners, and stakeholders. Support monthly close process, providing accurate accruals and cost estimates. Ensure compliance with internal controls and cost coding policies. Partner closely with Engineering, Land, and accounting teams to ensure accurate and timely cost data. Work with Accounts Payable to ensure proper coding and allocation of invoices. Support Joint Interest Billing (JIB) accuracy by ensuring costs are coded correctly to wells, leases, and projects. Assist with the roll‑out of the Company standard tools and processes and apply them on maintenance processes. Develop and implement Project Cost and Schedule Management Plan. Implement cost breakdown structures (CBS) and populate them from the estimate. Develop WBS and document Cost Time and Resource (CTR) sheets for phased cost estimates in line with the Company guidance notes for agreement and sign‑off by the CTR budget holders. Provide project guidance for creation of accurate cost dashboards, identifying variances from the plan on commitment, value of work done, changes and currency fluctuations against approved AFEs. Assist in analysis of trends and benchmarking for different levels of the organisation. Maintain and promote realism in cost forecasts in the face of commercial pressure and optimism from maintenance teams. Maintain consistency in cost basis through rigorous adherence to the control processes. Assist in cost analysis and maintain timely commercial close‑out to support VOWD process. Develop and manage Capex MIP processes. Qualifications Bachelor’s degree in Accounting, Finance, Engineering, or related field. Experience 4+ years of experience in cost control, project controls, or operations accounting, preferably in upstream oil & gas. Experience with SAP P16, SAP Business Warehouse (BW) PB6 / PB7, and oil & gas accounting/ERP systems. Strong understanding of upstream oil & gas operations (drilling, completions, production, facilities). Proficient in Microsoft Excel and cost modelling. Ability to interpret operational data and financial statements. Strong analytical and problem‑solving skills. Excellent communication and collaboration skills across departments. Self‑starter with ability to thrive in a fast‑paced, entrepreneurial environment. Working Conditions Location: Great Yarmouth Hours: 24 hours per week Contract: Permanent Benefits Employee benefits may include life assurance, income protection, private medical insurance, and a competitive benefits package. Flexibility is valued and hybrid working, Flexi Friday, and the opportunity to purchase additional annual leave are available. Company Information Altrad is an international leader in the provision of industrial services across the Oil & Gas, Energy, Power Generation, Process, Environment and Construction sectors. The Group employs around 65,000 people worldwide and is headquartered in France. Contact For applications, please submit through the job portal. If you have any questions, contact AIS.Careers@Altrad.com. #J-18808-Ljbffr