JAB's are working with a Client to source a Cost Lead in the Finance Department, based onshore in the Aberdeen office, on a contract basis.
ROLES AND RESPONSIBILITIES
BASIC PURPOSE OF THE ROLE
The Cost Lead will support the business in the cost management and reporting of various project activity and provide a key interface role between the Client Team and various company subcontractors. The remit of the role will be across the estimating, cost control, forecasting, cost analysis, reporting, and reconciliation areas of the aforementioned activity and involve close liaison with budget holders, department managers, planning, and finance.
KEY RESPONSIBILITIES
Lead, mentor, and develop cost engineers and senior cost engineers reporting into the role
Assign, monitor, and review work of direct reports
Understand the relationships between the project controls functions, estimating, planning/scheduling, cost control, and risk management
Provide cost control leadership on project teams
Advise and counsel in areas of expertise
Advise and drive the business in the preparation of AFEs and AFE supplements in a timely manner in accordance with the Client’s AFE process
Responsible for the timely and accurate preparation of VOWD and cost forecasts, for OPEX/CAPEX and ABEX activities within their remit. Monthly re-forecasts utilising estimates, PO commitment report, planning schedules, and any other relevant information
Work with all stakeholders to ensure appropriate reporting cut-offs are maintained
Responsible for maintaining and delivering monthly Project Cost Reports for Project and Management in line with Project reporting deadlines including detailed monthly analysis
Ensure that all procurement activity is in line with the Client Procurement Procedure and that requisitions are correctly coded with AFE/WBS/CBS breakdown for cost tracking and monitoring purposes
Support senior management to ensure cost forecasts are available for review at a suitable level for each financial month end close and for all DRB and activity decision gates
Provide support/prepare schedule risk analysis to forecast schedule contingencies and related cost impacts
Control all financial activities related to Project/Well activity, liaising with other departments as appropriate
Advise Management of financial and accounting issues and make recommendations relating to budget and financial control
Undertake analysis and investigation to ensure that the financial ledger reflects the current and accurate status of project/well costs incurred. Preparation of correction and reallocation journals as necessary
Provide support to projects to meet stage gate criteria, including preparation of cost estimates, attendance at peer reviews, inputs to Investment Memorandum and AFE preparation
Challenge the assumptions and information provided by contractors to ensure a detailed understanding of the cost structure and performance by all applicable contractors for reporting within the overall forecast
Run scenarios as directed by management to assess options and impacts with respect to costs from changes in scope or execution
QUALIFICATIONS, EXPERIENCE AND SKILLS
QUALIFICATIONS/TRAINING
Preferred
Engineering, Accounting or Business qualification – HND or higher
Completion of appropriate cost control industry training
EXPERIENCE/KNOWLEDGE/SKILLS
Essential
Experience within the cost control/finance sections of the business
Minimum 10 years’ experience at a cost control level
Experience working on major capital projects, within an Oil & Gas operator and with a programme of projects
Estimating experience
Experience working with Primavera and planning function
Apply the principles of project controls to cost control work processes
Demonstrate effective leadership in the execution of cost control activities
Develop and maintain a positive working atmosphere
Motivate peers and junior members of the cost team
Actively participate in the ongoing development and mentoring of junior members of the cost team
Possess excellent verbal and written communication skills
ADDITIONAL SKILLS/REQUIREMENTS
Experience in using cost management software such as Oracle, MPower or equivalent
#LI-DNP
#LI-DNI
