Cost Engineer

1 week ago

Doha, Baladīyat ad Dawḩah, Qatar Fusion Outsourcing and Services Full time
Accountabilities:
In compliance with Finance & Cost Control methods processes and deadlines:
  • Prepare and issue detailed budgets.
  • Responsible for cost control cost reporting and invoice processing activities for the EPC package.
  • Supply MP Lead Cost Controller with cost and budget updates for internal and external reporting.
  • Perform quantitative Cost Risk Analysis for the project(s).
  • Develop and maintain the Master Control Estimate/Current Control Estimates (MCE/CCE).
  • Perform all other cost control activities related to the perimeter (CPP).
  • Develop and maintain a database for the Technical Assistance and Services Contracts followup.
Job Dimensions:
Ruya Batch 1 Project involves several EPCIC Contractors executing in parallel over a period of 6 years.

Key elements of the Ruya Batch 1 Project:

  • EPCI 9 (SURF): Installation of pipelines (41 pipelines 250 km of varying sizes from 6 to and 9 cables for power and control.
  • EPCIC 11 (WHP): 9 Well Head Platforms including piles jackets and topsides with water depths between 60m and 70m.
  • EPCIC 12 (RP): Riser Platform Topside Jacket Piles/Grout with interconnecting bridge to existing facilities including seawater treatment facilities.
  • EPCIC 13 (CPP): Central Process Platform Living Quarters (200 pax) Flare tripod and interconnecting bridges to link with existing facilities fitted with production and utility facilities.

The project is a mix of Greenfield and Brownfield development with significant challenges in integrating new platforms into existing facilities.

Activities:

  • Safety & Compliance:

    • Promote and comply with applicable safety instructions and company HSE procedures.
    • Carry out work in line with company values policies legal regulations priorities objectives and industry practices.
    • Treat all obtained information with confidentiality.

  • Budgeting:

    • Prepare dedicated yearly and LOP forecasts for the package.
    • Prepare the annual budget and updates in coordination with internal teams and discipline leads.
    • Defend and present the budget performance as required.
    • Monitor budget availability for each commitment.
    • Justify variances between forecasts and budgets.
    • Maintain a register for managing commitments expenditures and forecasts for all contracts and purchase orders.
    • Provide input to the PALM (SAP) system for commitments payment schedules invoicing and cost control matters.
    • Coordinate with the Finance department to ensure fair allocation of common costs.

  • Closure:

    • Prepare monthly closure and ensure that accruals in PALM system are in line with project progress.
    • Prepare necessary compliance documents for accruals.

  • Cost Reporting:

    • Issue detailed monthly cost reports (trends concerns budget variance analysis forecasts etc.) and advise project management on cost overruns.
    • Maintain auditable records for project expenditures contracts budgets forecasts etc.
    • Supervise contractor and supplier cost control activities.
    • Provide monthly cash forecasts for the project.

  • Invoicing:

    • Implement efficient invoicing processes and ensure timely payments.
    • Check and monitor invoices with the accounting team to enable timely payments.

  • Organization & Procedures:

    • Develop and communicate procedures for efficient budget and cost control operations.
    • Advise contractors on commercial requirements such as invoicing and cost reporting.
    • Anticipate additional cost control support requirements during project execution.

  • General Responsibilities:

    • Promote cost consciousness within the entity.
    • Ensure confidentiality in handling sensitive data.
    • Liaise with internal and external auditors for cost justification.
    • Prepare cost recovery documentation.
    • Engage with the Finance department for all cost and accounting matters (commitments invoicing payments etc.).
    • Oversee commercial closeout of contracts and archive financial documentation.
    • Carry out any other duties assigned by superiors.


Requirements

Qualifications & Experience Required:

  • Degree in Economics or a related field.
  • Minimum 10 years experience in cost control activities for Oil & Gas projects.
  • Advanced knowledge of computer systems (SAP Excel Word PowerPoint Power BI).
  • Fluency in English.
  • Experience with EPC contract mechanisms.
  • Willingness to travel for technical missions globally.
  • Strong communication skills.
  • Ability to work in a complex multicultural environment.
  • Strong analytical skills.
Submission Deadline : Please submit CVs on or before 26th February 2025

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