• Application Deadline:
• Position: Senior Cost Engineer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 8 years


• Location Lagos


• Job Field Engineering / Technical 
  

To provide complete suite of cost engineering services and financial support for projects involving development of cost management models, preparation and/or review and endorsement cost estimates of different levels of accuracy and control services throughout the project lifecycle for value optimization.

Principal Accountabilities:

• Develop the project cost management strategy, plans and procedures. Implement project-wide cost measurement and reporting system, including roll-up levels and reporting cycle calendar.


• Identify and evaluate new technologies, cost models and tools for estimating CAPEX & OPEX costs and, if appropriate, progress and manage use in current assets and in new projects under development. Review existing cost systems and methods and recommend actions to correct deficiencies.


• Coordinate development and implementation of work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with Planning/Scheduling Engineer.


• Collect and compile progress and cost data, and develop cost-control worksheets and reports for review by delivery teams;


• Provide cost estimating expertise, procedures and review capabilities, including cost estimating and risk, uncertainty and sensitivity analyses.


• Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data;


• Coordinate and develop project annual-spend projections, cost reconciliations and variance analyses;


• Work with PMT and accounting function to ensure adequate financial controls including preparation of AFE.


• Support Asset Owners and PMT with cost estimates during budgeting and performance activity with JV. Develop and issue various reports to appropriate stakeholders.


• Perform complete analysis and cost validations using internal and external benchmarking data, historical indices, and component benchmarking.

Job Knowledge and Qualifications:

• Technical graduate, membership of a professional body of Cost Engineers desirable.


• Working knowledge of a broad range of Cost Estimating Systems, Tools and Practices.


• A minimum of 10 years’ experience in an E&P major projects environment.


• A minimum of 8 years’ experience in Cost Estimating


• Extensive experience of EPC contract management.


• Excellent inter-personal and leadership skill with good communication skills (written and verbal) are essential.


• Team player and leader


• Working knowledge of a broad range of Cost Estimating Systems, Tools and Practices.


• Good inter-personal and leadership skills.


• Good communications skills (i.e. report writing and presentation) are essential.