WTS Energy is a leading, globally operating, high level Manpower & Recruitment supply company to the international Oil, Gas & New Energy industry. Since 2000 we have served companies and consultants based on trust, high ethical standards and consistent service quality.
WTS Energy is recruiting to fill the below vacant position:
Job Title: Cost Engineer
Job Code: WTOA02535
Location: Lagos, Nigeria
Job Description Cost Engineer
- Provide support to individual Project Managers (PM’s) in establishing and maintaining up to date Authority For Expenditure (AFE) and related supporting documents including variance analysis of cost over/underuns.
- Sound knowledge and practical experience in estimating, forecasting, monitoring and reporting project costs within a project engineering environment
- Monitor expenditure monthly on a Value of Work Done (VOWD) basis for all ongoing Projects(contracts) and department/team budgets and in conjunction with Project Engineers (PE’s)/PM’s produce cost forecasts (latest estimates) to provide timely notification of potential over/underruns against approved budgets (AFE’s).
- Prepare estimates for use in selecting vendors or subcontractors
- Produce monthly/quarterly/annual variance and trend analysis expenditure reports and explain key cost movements with respect to commitments, actuals (VOWD basis), latest estimates against plan as agreed with responsible PM’s.
- Review material and labor requirements, to decide whether it is more cost-effective to produce or purchase components
- Provide support to PE’s/PM’s to establish and maintain cost progress S-curves (inclusive of actuals, forecasts, and commitments) for all ongoing Projects. Prepare overall department rolled up reports on the same basis.
- Review and verify monthly accruals as produced by Project Accountants/PE’s to ensure that they are correctly align with VOWD reporting against AFE’s and overall budgets.
- Explain variances between estimate and actual costs and adjust estimating parameter accordingly
- Maintain a system for storage and retrieval of Facilities departmental budget and cost documents.
- Provide support to PE’s/PM’s in their preparation of proposals to TB for both new contracts and contract variations to cover cost over/underruns.
Requirements
- Minimum of 2nd Class Honours University degree in an engineering or relevant technical discipline.
- Membership of a relevant Professional Institution preferred but not essential.
- Experience in facilities projects, capital projects or integrated field development projects working with an IOC is prefferable.
- Minimum 8 years experience as a Cost Engineer within the oil and gas industry.
- Full capabilities in MS Word, MS Excel, MS Power Point.
- Familiarity with Cost Control/Estimating software and systems preferred.
Application Closing Date
23rd May, 2013
Method of Application
Interested and qualified candidates should:
Click here to apply online