Principal Cost Engineer
2001-30000
Other
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the worlds leading energy companies.
We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.
Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
JOB TITLE: PRINCIPAL COST ENGINEER
KEY RESPONSIBILITIES:
• Provide Cost Management, Control, and reporting to internal and external stakeholders.
• Maintenance of budgets and variations
• Man-hour and cost expenditure analysis
• Analysis of productivity and billing rates for identification of trends affecting forecasts costs at completion
• Liaising with accounts for coordination and control of man-hour service invoicing process
• Liaising with project planning and management for updating project MPP
• Preparation of consolidated monthly cost reports for man-hour services, 3rd party and purchasing costs.
• Preparation of consolidated monthly cash flow analysis for man hour services, 3rd party and purchasing costs.
• Liaising with procurement and lead planners for monitoring receipt of invoices from vendors.
• Liaising with accounts for monitoring payment of vendor invoices
• Co-ordinate the process of generation of client back-charge invoices for 3rd party and equipment purchases and expedite any missing back-up documentation from vendors / Sharjah accounts.
• Maintenance of 3rd party and equipment purchase order invoice register.
• Responsible for checking of MRs and requisitions against approved budgets.
• Responsible for identifying CBS elements as billable or non-billable.
• Responsible for checking of all fee elements.
• Financial Authority as per current DOA (Delegation of Authority)
• Ability to work with data outside the systems in an efficient manner to provide analysis of information.
• Interaction with Cost and functional Lead in report design
• Review and identification of areas of optimization and streamlining.
ESSENTIAL QUALIFICATIONS AND SKILLS:
• Ideally degree qualified in an appropriate business-related degree, or relevant experience in the fields of Quantity Surveying and / or Cost Control.
• Understanding and experience of Project Controls / Cost systems (other than Excel). Experience with Mpower desirable.
• Understanding of the principles of standardization.
• Excellent communicator
• Open and honest
• Excellent Numerical skills
• Trustworthy
• Ability to mentor / coach more junior members of the team.
#LI-JN1
Additional Information
We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.
Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?
JOB TITLE: PRINCIPAL COST ENGINEER
KEY RESPONSIBILITIES:
• Provide Cost Management, Control, and reporting to internal and external stakeholders.
• Maintenance of budgets and variations
• Man-hour and cost expenditure analysis
• Analysis of productivity and billing rates for identification of trends affecting forecasts costs at completion
• Liaising with accounts for coordination and control of man-hour service invoicing process
• Liaising with project planning and management for updating project MPP
• Preparation of consolidated monthly cost reports for man-hour services, 3rd party and purchasing costs.
• Preparation of consolidated monthly cash flow analysis for man hour services, 3rd party and purchasing costs.
• Liaising with procurement and lead planners for monitoring receipt of invoices from vendors.
• Liaising with accounts for monitoring payment of vendor invoices
• Co-ordinate the process of generation of client back-charge invoices for 3rd party and equipment purchases and expedite any missing back-up documentation from vendors / Sharjah accounts.
• Maintenance of 3rd party and equipment purchase order invoice register.
• Responsible for checking of MRs and requisitions against approved budgets.
• Responsible for identifying CBS elements as billable or non-billable.
• Responsible for checking of all fee elements.
• Financial Authority as per current DOA (Delegation of Authority)
• Ability to work with data outside the systems in an efficient manner to provide analysis of information.
• Interaction with Cost and functional Lead in report design
• Review and identification of areas of optimization and streamlining.
ESSENTIAL QUALIFICATIONS AND SKILLS:
• Ideally degree qualified in an appropriate business-related degree, or relevant experience in the fields of Quantity Surveying and / or Cost Control.
• Understanding and experience of Project Controls / Cost systems (other than Excel). Experience with Mpower desirable.
• Understanding of the principles of standardization.
• Excellent communicator
• Open and honest
• Excellent Numerical skills
• Trustworthy
• Ability to mentor / coach more junior members of the team.
#LI-JN1
Additional Information
JOB SUMMARY