Senior Cost Control Specialist
1 week ago
Duncan & Ross is seeking a highly skilled Senior Cost Control Engineer to join our team. As a key member of our engineering department, you will be responsible for overseeing and controlling project costs during the engineering phase of oil and gas projects.
Key Responsibilities- Develop and Maintain Comprehensive Project Cost Estimates: Create and update detailed cost estimates for engineering projects, ensuring accuracy and precision.
- Lead Budgeting and Financial Forecasting: Prepare and manage project budgets and financial forecasts, collaborating closely with engineering, procurement, and other teams.
- Monitor and Control Project Expenditures: Ensure strict adherence to approved budgets, identifying and addressing cost overruns, and proposing corrective actions to mitigate financial risks.
- Produce Regular Cost Reports: Deliver detailed variance analysis and future cost forecasts to project managers and stakeholders.
- Establish Cost Control Procedures: Develop and enforce rigorous cost control procedures to maintain financial discipline and ensure compliance with company policies.
- Conduct In-Depth Cost Analysis: Identify trends, discrepancies, and areas for financial improvement, providing expert input on risk assessments and contingency planning.
- Coordinate with Project Teams: Collaborate with engineers, procurement specialists, and financial analysts to ensure effective cost control and project delivery.
- Communicate Cost-Related Information: Provide regular updates and recommendations to senior management and other key stakeholders.
- Bachelor's Degree in Engineering, Finance, Accounting, or a related field: Professional certification (e.g., Certified Cost Engineer) is highly desirable.
- 15+ Years of Experience in Cost Control or Financial Management: Proven track record in cost control or financial management within the oil and gas industry, with a specific focus on engineering projects.
- Extensive Knowledge of Cost Estimation, Budgeting, and Financial Reporting: Proficiency with cost control software and Microsoft Office Suite (Excel, Word, PowerPoint).
- Strong Analytical and Problem-Solving Abilities: Exceptional attention to detail and organizational skills, with excellent communication and interpersonal skills.
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