Lead Cost Engineer

The Lead Cost Engineer holds the following primary responsibilities for budget, cost analysis and risk:

• Work with and support the Project Manager / Project Services Manager for assigned projects to set up project budget plan, monitor, measure and provide analyses on changes to the plan.
• Perform cost analysis, providing benchmarks against technical scope and flag to the Project Manager/ Project Services Manager early for mitigation of the cost risks.
• Support the Project Manager in identifying, quantifying and tracking cost risks and opportunities, and manage and report on the use of project contingency and risk allowances.
• Manage change control and variation order tracking: assess and record the cost impact of changes, maintain the change and variation order log, provide cost input to the Commercial Manager for client variation work, and ensure approved changes are reflected in the budget and forecast.
• Ensure that all costs related to client contract requirements are correctly identified and managed in line with work scope, and with BW Offshore project and corporate procedures.

The Lead Cost Engineer holds the following primary responsibilities for forecasting and reporting:

•  Deliver a robust monthly forecast report.
• Responsible for project cash and currency forecasting in close cooperation with Finance.
• Work closely with Finance to provide the required input for corporate reporting, including project cost, accrual and forecast data.

The Lead Cost Engineer holds the following primary responsibilities for estimating, cost close out and tenders:

• Responsible for project cost close out and submitting experience data to Estimating.
• Provide regular input and feedback to Estimating on project costs, throughout project execution, in addition to close-out experience data.
• Responsible for executing project cost control tasks in 1 or more assigned projects, and assisting in preparation of tenders as required.

The Lead Cost Engineer holds the following primary responsibilities for leadership, systems and compliance:

• Manage and supervise project cost control personnel on larger projects as assigned.
• Act as a mentor and resource for new employees, less experienced colleagues and consultants.
• Provide support in the area of corporate cost control activities as required.
• Use and maintain project cost control tools and systems, including the company ERP (Enterprise Resource Planning) system, to ensure that all project costs are captured, recorded and reported accurately.
• Comply with and promote BW Offshore’s HSEQ requirements, management system and Code of Conduct, and ensure cost control activities meet applicable procedural, audit and compliance requirements.
• Undertake any other ad-hoc duties as required.

Skills

Conduct and Behaviour Management, Managing Project Budget, Audit and Compliance, Log Management, Assess Change Impact, Project Risk Management, System Services, Working with external consultants, Reporting Accuracy, Cost Control and Management, Cost Analysis, Offshore Projects, Benchmarking, Mentoring New Hires, Enterprise Resource Planning, Project Cost Control