Lead Cost Engineer

Role Overview The Lead Cost Engineer is responsible for overseeing all cost control activities within the Project, ensuring compliance with company Finance & Cost Control standards. This includes budget preparation, cost reporting, invoice processing, and coordination across multiple EPIC packages.

Key Responsibilities

Budget Management

Prepare and review detailed LOP and LBRP data.

Develop annual budgets and updates in coordination with internal stakeholders, aligned with company finance formats.

Monitor budget availability and control commitments.

Analyze budget performance, identify trends, and justify variances.

Maintain registers for commitments, expenditures, and forecasts.

Provide input to SAP (PALM) system for commitments, invoicing, and cost control.

Ensure fair allocation of G&A and common costs in collaboration with company Finance.

Cost Control & Reporting

Lead cost control activities with support from package cost controllers.

Issue monthly internal and external cost reports, including trend analysis, budget variances, and forecasts.

Maintain auditable records of expenditures, contracts, budgets, and forecasts.

Interface with company Finance for corporate financial reporting.

Supervise EPC contractors’ cost control reporting.

Invoice Management

Implement efficient invoicing processes across project locations.

Monitor invoice processing and ensure timely payments.

Standardize cost control activities across packages.

Advise contractors on commercial requirements post-award.

Anticipate additional cost control needs during project execution.

Project Closure

Ensure accurate monthly closures and accruals in SAP.

Prepare documentation for compliance and financial closure.

Archive financial records per company guidelines.

General Duties

Promote cost awareness and confidentiality.

Liaise with internal / external auditors for cost justification.

Prepare documentation for project cost recovery.

Support commercial close-out of contracts.

Perform additional tasks as assigned by management.

Skills & Experience

Bachelor’s degree in Economics or equivalent.

Minimum 15 years of experience in cost control for Oil & Gas projects.

Proficiency in SAP, Excel, Word, PowerPoint, and Power BI.

Strong understanding of EPC contract mechanisms.

Fluent in English.

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