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Cost Control Engineer

Malaysia
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Cost Control Manager / Malaysia

or

Added: 16-May-19

Location: Malaysia

Salary:

Duration: Permanent

Apjid 3

The Role: Cost Control Manager

Type: Permanent

Location: Malaysia

Job Description:

Experience Required:

  • Prior experience in oil & gas operations / Project Controls
  • Excellent communication and analytical skills
  • Familiarity with cost systems
  • Excellent command on Microsoft Excel
Operationally Reports To:

  • N/A
Functionally Reports To:

  • Area Director Project Controls
Liaise With:

  • Project teams, functional departments and leadership team.
  • Some engagement with client and subcontractors / vendors may be required.
Primary Functions:

  • Supervises Cost Engineers / Cost Control specialists on multiple projects.
  • Responsible for the following activities of the portfolio of projects in the Area:
  • Cost Forecasting and Cost Control
  • Area Financial reporting
  • Data Analytics
  • Change Management
  • Risk and Opportunity Management
  • Bid support and development of Estimation Benchmarks
  • Development / Review of Cost Control Processes, Systems, Procedures and tools
  • Management of Cost Control resources in the Area
  • Training and development of Cost Control teams
  • Active engagement with other Area initiatives
Tasks and Responsibilities:

  • Cost Forecasting and Cost Control ? Manage diverse workforce of cost control leads and specialists on projects to ensure consistent and effective application of cost control systems, processes and tools for transparent & efficient forecasting.
  • Ensure company standards for Project Controls and industry best practices are implemented on projects. ? Assist with project set-up activities including establishment of cost baseline, systems set-up and development of effective cost breakdown structure. ? Establish processes and gates for early identification of issues
  • Ensure trending and forecasting processes are established on each project. ? Ensure alignment of cost forecast with project execution plans and latest available information. ? Guide cost control teams to perform cost sensitivity analysis for each phase of the project to provide certainty for financial forecasting.
  • Monitor financial performance of the portfolio of projects; make appropriate recommendations to project teams / management to improve project financial performance.
  • Where multiple execution methods exist, guide teams in evaluating various options and provide recommendation
  • Ensure that Change Management, Risk and Opportunity Management, and Contingency Management processes are established and functioning on each project
  • Assist Project teams with data analysis and problem solving.
  • Participate in monthly project reviews with project teams and senior leadership.
  • Area Financial Reporting and Data Analytics
  • Responsible for maintaining key financial data from various projects to provide data analytics, trending and benchmarks.
  • In conjunction with finance, provide financial updates of the Area to senior leadership for review and provide guidance on look ahead.
  • Ensure all regular and any ad-hoc reports, are of the highest standards and are available for management reviews in a timely manner.
  • Estimation Benchmarks and Bid Support ? Support the estimating group in providing inputs such as Project Controls procedures and estimation benchmarks.
  • Participate in key bid estimate reviews.
  • Processes, Systems and Procedures
  • In conjunction with Global functions, active participation in review of efficiency of cost control processes and systems and provide recommendations.
  • Active participation in review and updates of Area / project specific cost control procedures.
  • Resource Management
  • Provide functional leadership to cost control resources in the Area.
  • Ensure all projects are appropriately staffed with cost control resources.
  • In conjunction with Project Management and Area Project Controls Director, ensure any conflicts are resolved in a timely and effective manner.
  • Work with Project Controls Managers to set goals and objectives for cost control resources.
  • Develop, train and guide cost control professionals and conduct regular performance reviews.
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