Senior Cost Engineer

We are currently hiring a Senior Cost Engineer for our client in the Houston, TX area.

Job Summary

The Cost Engineer Lead is responsible for supporting the Senior Cost Engineer with the execution of the bp cost management plan. The Cost Engineer Lead supports the facilitation of the process for Purchase Order request and approval through invoice validation and approval. The Cost Engineer supports the set up and maintains the cost management system including interfaces with finance and contractors and financial systems (Acumatica) as required and ensures actual / expended costs are accurately accounted within the cost breakdown structure. The role will interact with stakeholders in Project Management, Project Controls, Engineering, Procurement, Construction, Operations and Finance.

This is a leadership role reporting to the Senior Cost Engineer.

Roles and Responsibilities

• Develop and maintain strong working relationships with the Project Managers, project teams, and Project Controls team members

• Act as the main point of contact for all day-to-day project cost related activity at the site

• Support site contractors cost team

• Apply cost controls policies, procedures, processes, guidelines, tools, and templates

• Implements and execute bp's cost engineering procedures and guidelines

• Utilize the work breakdown structure to monitor the cost system

• Monitor appropriate performance indicators to assure project progress and performance

• Provide relevant & specific expertise to diagnose, investigate & overcome problems. Provide best practice advice & guidance with regards to the cost control process

• Monitor the overall project budget, forecast of final cost, and actual costs

• Develop and maintain the UAP drawdown documents

• Controls appropriate allowances, escalation and UAP

• Identify risks and cost reduction opportunities

• Support validation of contractor field progress

• Supporting the Monitoring of current level of commitments, key quantities, actuals, accruals and value of work done to provide accurate reporting of work in progress and current estimates

• Ensure contractor invoices are complete and consistent with the defined scope of work and contractual documents

• Ensure costs are accurate and properly assigned according to the defined cost structure

• Develop and maintain a phased forecast profile based on physical progress and productivity

• Manage the change control process

• Support the development and issuance of progress reports and forecasts to appropriate stakeholders

• Interface with Finance, Control & Accounting functions. Verify all cost objects are closed, invoices paid, and charges settled to the correct cost elements

• Prepare final cost reports and financial closeout documentation, reconciliations and reports

Experience & Qualifications

Experience:

• More than 10 years of relevant professional experience (within the Chemical / Petrochemical / Industrial / Refining / Production Areas) in Project Management or Project Controls

• Degree in Engineering, Business or Project Management

• Major Project Experience as Cost Lead

• Understanding of different methods of project / government financing / funding and legislation

• Ability to harness use of digital tools to provide high quality cost reporting information

Job Specific Skills:

• Excellent personal communication.

• Strong analytical skills with expertise in MS Excel, PowerBI, other data analysis tools along with MS office

• Ability to interface, influence, and work effectively with members of the Project Leadership

• Advanced maturity and discretion in handling confidential and secure information

• Ability to prioritize, liaise well with others, and remain calm to manage multiple demands and cope with change

• "Can do” attitude as a key team member with flexibility, enthusiasm, reliability, and discretion.

• Treat obstacles as challenges to overcome

• Adopts and promotes a working environment of excellence

All interested candidates should send an MSWord resume to the email address provided.