Senior Cost Engineer

Strategic Resourcer | Recruiting for Oil and Gas industry

Contract / Permanent : Permanent

Work Schedule : 5 days, 8 hours

Job Description

The Senior Cost Engineer responsible for managing and controlling the costs associated with a project, ensuring that the project is completed within its approved budget. They use various techniques to monitor project costs, estimate future costs, and provide recommendations to help manage costs effectively throughout the project's lifecycle.

Job Responsibilities

• Cost Estimation : develop comprehensive cost projections for projects, factoring in materials, labour, equipment, and other associated costs.
• Budget Planning : create and maintain detailed financial plans that align with the project’s scope, timeline, and objectives.
• Cost Monitoring & Control : continuously monitor actual expenditures against the budget, identify discrepancies, and implement corrective measures as needed.
• Financial Reporting : generate and present regular cost performance reports and forecasts to project stakeholders and senior leadership.
• Change Control : assess the financial implications of scope or specification changes, ensuring all modifications are documented and approved accordingly.
• Risk Management : perform cost-related risk assessments and recommend strategies to mitigate potential financial risks.
• Vendor & Contractor Coordination : collaborate with suppliers and contractors to manage pricing, monitor spending, and maintain cost efficiency.
• Data Evaluation : analyze financial data to identify trends, inefficiencies, and opportunities for cost optimization.
• Performance Tracking : utilize earned value management (EVM) techniques to evaluate project performance in terms of cost, schedule, and scope.

Job Requirements

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance

Industries

Oil and Gas

Location : Petaling Jaya, Selangor, Malaysia

#J-18808-Ljbffr